UK could be left behind rest of Europe on travel, Easyjet boss warns May 6, 2021 The boss of Easyjet has warned that the UK could be left behind the rest of Europe if the government approves travel to only a small handful of countries from 17 May. Tomorrow ministers will lay out the initial list of destinations that will be on the UK’s green list for travel from the middle [...]
Switch-ed on: Nintendo operating profits soar 82 per cent May 6, 2021 Nintendo has forecast its Switch console sales to hit 25.5m units in the financial year that started 1 April, after global lockdown measures spurred a gaming frenzy. The Japanese gaming company sold 28.8m Switch consoles in the year ending 31 March, exceeding Nintendo’s February expectations of 26.5m. The Kyoto-based firm was on the receiving end [...]
AB Inbev boss Carlos Brito to step down after 15 years at the helm May 6, 2021 AB Inbev chief executive Carlos Brito is stepping down after 15 years in the top job, marking the end of an era for the brewing giant. Brito, who has worked at the company for 32 years, is credited with transforming the company from a regional Brazilian brewery into the world’s largest beer maker. He will [...]
No full-time return to the office for over a million British workers May 6, 2021 Almost all of 50 of the UK’s biggest employers have said they do not plan to bring staff back to the office full-time. Some 43 of the firms told the BBC that they would embrace a mix of home and office working, with staff encouraged to come into work for two to three days a [...]
UK PMIs: Service sector grew at fastest rate since 2013 in April May 6, 2021 The UK service sector grew at the fastest rate since 2013 in April as the economic recovery from the Covid-19 pandemic continues apace. The UK Composite Purchasing Managers’ Index (PMI) for services rose to 61 in April, up from 56.3 in March. Any score above 50 indicates growth. It beat flash estimates of a reading [...]
London-born Eastenders actor claims he is facing deportation to Jamaica May 6, 2021 A London-born actor has claimed he is facing deportation to Jamaica, just days after the Home Office opened visa pathways for winners of awards. After battles with the Home Office, Ace Ruele Aristotles’ Limited Leave to Remain was downgraded to temporary and must be renewed every 30 months, costing £2,389 each time. “Why should I [...]
Mirror publisher Reach hails ‘encouraging’ digital growth after pandemic hit May 6, 2021 Newspaper publisher Reach today reported first-quarter trading ahead of expectations after its circulation and advertising revenue was battered by the Covid-19 pandemic. The London-listed group, which owns the Mirror and Express as well as a number of regional titles, said its digital revenue grew by more than a third in the four months to 25 [...]
Mayor of London election: What did the candidates say about the City of London? May 6, 2021 Londoners are heading to the polls today to decide who their next mayor will be. The pandemic has been particularly hard for the City, with workers, tourists and other visitors vanishing as lockdowns were imposed. Shops, restaurants, and pubs all had to pull their shutters down and offices emptied. Let’s take a look at what [...]
Semiconductor firm Alphawave prices London IPO at up to £3.2bn May 6, 2021 Canadian firm Alphawave has set a price range for its planned London float putting it on track for a valuation of up to £3.2bn. The company is just four years old and develops technology that pushes data through data centres and phone networks. It indicated plans to list in the capital last month and now [...]
Virgin Media eyes return to revenue growth ahead of O2 merger May 6, 2021 Virgin Media has forecast a return to revenue growth this year as it gears up for a £31bn merger with mobile network O2. The telecoms group reported revenue of £1.3bn in the first three months of the year, up a marginal 0.2 per cent. Earnings before interest, tax, depreciation and amortisation slipped one per cent [...]
