Joules expects to beat profit and sales forecasts after PM confirms further lockdown lifting May 11, 2021 Fashion retailer Joules this morning said it expects to beat profit and revenue forecasts for this year following the confirmation that coronavirus restrictions will ease further next week. The brand said revenue and profit before tax before exceptional items will come in higher than the current analyst consensus of £187m and £4.1m respectively. It said [...]
Ministers demand compensation from Hitachi over rail chaos May 11, 2021 The government is demanding that Hitachi coughs up a multi-million-pound passenger compensation bill after safety concerns over its trains sparked travel chaos across the UK. More than 180 high-speed Hitachi trains were taken out of service on Saturday after cracks were discovered during routine safety checks. Passengers faced a third day of disruption yesterday after [...]
Heathrow calls for green list expansion as passenger numbers sink by 92 per cent May 11, 2021 Heathrow Airport has called for an expansion to the travel green list in the next government review in three weeks’ time, including the United States, to boost trade and reunite friends and family. The number of passengers passing through Heathrow Airport was down by 92.1 per cent in April, compared to pre-pandemic figures. After the [...]
Steering clear of the cliff edge: Why it makes business sense for sport to put the human first May 11, 2021 We’ve seen a seismic shift in attitudes around athlete welfare but the sentiment ‘it’s only what happens on the pitch that counts’, albeit largely unspoken, is sadly still common in professional sport. With the global sports market expected to reach $600bn by 2025, there is no doubt about the pressure clubs are facing to deliver [...]
Queen’s Speech: Boris Johnson promises post-Covid skills boost May 11, 2021 Prime Minister Boris Johnson is promising a skills “revolution” for England, making it easier for adults to retrain following the economic slump sparked by Covid-19. The Queen’s Speech today, which sets out the government’s plan for the next year, will outline loans for adults to retrain as well as more powers to deal with failing [...]
London’s Zencargo raises £30m to help firms navigate supply chain disruption May 11, 2021 Digital freight forwarder Zencargo has raised £30m to help businesses make decisions through a real-time overview of their supply chain. Zencargo will use its latest round of funding to grow its team to 350 people over the next two years and expand internationally to the Netherlands, Hong Kong and the US. Founded in 2017, the [...]
Queen’s Speech: Planning reforms are badly needed but must also deliver for London’s hopeful homeowners May 11, 2021 The Queen’s Speech will include the biggest overhaul of England’s planning system in seventy years. The country will be split into “growth” and “protection” zones – with a potential third “regeneration” designation. Growth areas will have limited restrictions on development while building in protection areas will be restricted. The zones are to be designated by [...]
Consumer spending grew in April as high streets and hospitality reopened May 11, 2021 Consumer spending was up 0.4 per cent higher last month than in April 2019, as Brits rushed out to take advantage of the easing of lockdown restrictions. Last month the first major move away from a full lockdown took place, with shoppers finally allowed to visit non-essential retail stores, and hospitality venues – so long [...]
Ricky Munday CA: ‘Reaching out for help is a sign of strength, not weakness’ May 11, 2021 Adventurer and Inspire Alpine founder Ricky Munday CA discusses how some of his lowest moments have led to some of the best experiences of his life. Taking on some of the world’s most gruelling and dangerous challenges you must be both mentally and physically fit. Has there ever been a time in your life when [...]
We must open up venture capital investment to pension funds to deliver for British savers May 11, 2021 Darktrace’s IPO was a relief to investors and founders considering a float on the London market, doing much to take away the bitter aftertaste left by Deliveroo’s lacklustre debut at the start of April. Yet even this very British success story, founded by expert mathematicians in Cambridge and invested in by some of the UK’s [...]
