Some 300 million extra square feet of warehouse space needed in Europe to support e-commerce boom June 22, 2021 Nearly 300 million square feet’s worth of warehouse space in Europe will need to be found to cope with the e-commerce boom expected in the coming years. E-commerce sales across Europe are expected to increase by $298bn from 2020 to 2025, requiring thousands more industrial warehouses and distribution spaces to meet the growing demand, according [...]
Audioboom hikes revenue forecasts as podcast ads boom June 22, 2021 Audioboom has hiked its revenue forecasts for the full year after cashing in on strong advertising sales across its podcasting platform. The London-listed company said signed advertising bookings had already hit 99 per cent of its overall expectations for the whole of 2021. As a result, the firm expects revenue to be “significantly” ahead of [...]
Aston Martin set for legal dispute over payments for £2.5m Valkyrie ‘hypercar’ June 22, 2021 Aston Martin this morning said that it was launching legal proceedings against a Swiss car dealership for withholding over £10m in customer money. The iconic British carmaker said that Nebula Project AG had failed to pay customer deposits for the £2.5m Valkyrie hypercar programme. The marque also said that it was terminating its relationship with [...]
How the climate change revolution has lit a fire under the heating industry June 22, 2021 Climate policy over the last few years has seen the rise and rise of “net zero” targets, to the extent that around 70% of global emissions are now covered by a net zero policy. Converting these long-term ambitions into a clear plan of action is the next step, and the recent publication of a net [...]
National Express acquires Spanish bus firm Transportes Rober for £11.13m June 22, 2021 National Express today announced that it has acquired Spanish bus group Transportes Rober for £11.13m. Rober has operated the urban bus contract in Granada for more than 20 years and is a major hub for long haul connections. National Express said the deal represented a further step in “consolidating the regional and urban bus markets”, [...]
Google Campus closes in the end of an era for London tech startups June 22, 2021 Google has decided not to reopen its London campus for startups, which formed part of the capital’s mini–Silicon Valley, saying it will offer services online. The coronavirus pandemic and working from home has likely swayed the decision to shut the seven-storey East London campus. “This shift demonstrated that, similar to the support we provide in [...]
Gear4music doubles annual profit as Brits turn to instruments during lockdown June 22, 2021 Gear4music saw its annual gross profit almost double to £46.4m as Brits turned to musical instruments during lockdowns. The online musical instrument retailer’s revenue also shot up by 31 per cent to £157.5m in the year ended March 2021. Gear4music pushed its active customers up by 32 per cent during the period to 1.06m, as [...]
Back to work call is up to businesses, not the government, CIPD boss says June 22, 2021 The back to work call is up to businesses, not the government, the Chartered Institute of Personnel and Development (CIPD) chief has said today. After Covid-19 completely overhauled traditional workplace life, the question of whether working from home should become a legal right has emerged now that the end to restrictions is on the horizon. [...]
E-commerce grocery sales plateau boosts Aldi’s market share to peak levels June 22, 2021 The growth of e-commerce sales in the grocery market has plateaued, giving the likes of Aldi an opportunity to grow its market share after not making use of online sales in the past year. The percentage of e-commerce sales in the grocery market remained flat at 13.4 per cent in the four weeks to 13 [...]
Nokia shifts to two days in the office in flexible working push June 22, 2021 Nokia staff will be able to work up to three days a week remotely as the telecoms giant becomes the latest company to embrace flexible working. The Finnish firm has outlined new guidelines coming into force from next year after asking for employee feedback following the pandemic. It said staff will be given greater flexibility [...]
