Ryanair remains cautious about future despite record half-year November 7, 2022 Ryanair has remained cautious about its future despite posting a record half-year performance. Driven by an exceptional summer traffic, the low-cost carrier’s after tax earnings jumped to €1.37bn (£1.20bn) – up from a €48m net loss last year. Even though slightly below analysts’ consensus, this was its highest half-year results ever, as it surpassed the [...]
Christmas voucher firm Appreciate Group to be snapped up by PayPoint for £83m November 7, 2022 Christmas voucher firm Appreciate Group has been snapped up by PayPoint for £83m, with he firm’s shares jumping 50 per cent. PayPoint is offering each share at 44 pence each meaning the deal would reach around £83m. Shareholders of the company, which offers payments at 28,000 convenience stores across the country, while Appreciate Group stakeholders [...]
Exclusive: FCA threatens buy-now pay-later firms with jail time using financial promotion ‘loophole’ November 7, 2022 The City watchdog has written to buy-now pay-later chiefs warning they could face up to two years in jail if they fail to fall in line with financial promotion rules, as it uses a “loophole” to clampdown on the products despite not directly regulating them, City A.M. can reveal.
Bank of England record recession warning reinforced by fresh research November 7, 2022 A new survey out today reinforces the Bank of England’s warning last week that the UK is headed for the longest recession on record. The economy last month was functioning at the same level as during the teeth of the 2021 winter Covid-19 lockdown, according to consultancy BDO. The firm’s output index, which measures the [...]
Chelsea 0-1 Arsenal: Gunners restore grip on top spot in the Premier League November 6, 2022 The style may have evolved from the days of George Graham but the scoreline is familiar: 1-0 to the Arsenal is a regular sight once more and it’s giving rise to title hopes again. For the fifth time in their last eight games the Gunners won by a single goal at Chelsea on Sunday, scored [...]
Retailers bet on coronation boost after extra May bank holiday announced November 6, 2022 Retailers are hoping for a royally big boost next year after the government announces an extra bank holiday for King Charles III’s coronation. In an announcement today, Prime Minister Rishi Sunak confirmed the UK-wide holiday would fall on Monday 8 May, following the Coronation on Saturday 6 May. “The Coronation of a new monarch is [...]
Explainer-in-brief: Guess who’s back, back again – it’s the Online Safety Bill November 4, 2022 The online safety bill is back in Parliament this month. Rishi Sunak has vowed to make substantial progress with it before Christmas. The nub of his plan is to scrap the “legal but harmful clause” on the basis that it might impinge on free speech. It was also the more contentious element of the laws. [...]
Bleak Friday? Retailers hit by spending slowdown as shoppers shun high street November 4, 2022 High street bosses are nervously awaiting Black Friday as retail sales volumes dropped dramatically last month. Sales volumes have dropped significantly, although this has been masked by historically high levels of inflation, data from accountancy firm BDO revealed today. In-store like-for-like sales saw the lowest growth since lockdown in February 2021, with growth of just [...]
Time for celebrations? Mars trials Bounty ban for Christmas November 3, 2022 With Christmas rapidly approaching, Mars Wrigley has removed the controversial coconut Bounty from celebrations boxes. The popular assortment of chocolates will be without the blue-wrappered treat after research showed 40 per cent of Brits want it barred permanently. No Bounty Celebrations will be available at 40 Tesco Christmas Market locations s from 8 November until [...]
Best firework displays in London this weekend November 3, 2022 Remember, remember: bring a jacket, an umbrella and crucially, some gins in tins. It’s the fifth of November this weekend, and that means it’s time to get acquainted with the best firework displays in London. Otherwise known as Bonfire Night, and fireworks will be bruising the sky with their multicoured flashes and bangs. It’s an [...]