Banning proof-of-work is the biggest threat facing Bitcoin April 21, 2022 Dr Chris Kacher suggests the game is rigged, and the world needs to push back against the proof-of-work naysayers.
Bitcoin remains flat against the backdrop of a troubled Netflix April 21, 2022 The Bitcoin price is currently around $41,790 - roughly flat over the past 24 hours and week, suggesting consolidation or uncertainty ahead.
Brexit-supporting Newark in shock as largest employer shuts up shop and heads for mainland Europe April 21, 2022 Local media and residents in the English town of Newark, as well as its local MP Robert Jenrick, are said to be shocked and disappointed by the decision of food producer Goodlife Foods to shut up shop and move its entire production to mainland Europe. The decision is likely to result in around 110 job [...]
Growth slows for pest-control firm Rentokil following acquisition boom April 21, 2022 Pest-control firm Rentokil posted nearly two per cent of revenue growth this morning to £722m. Pest Control delivered organic growth of 5.5 per cent in the first quarter with all regions in positive growth. Ongoing Revenue in the Growth and Emerging markets grew by 10.9 per cent and 13.6 per cent respectively. Customer retention was [...]
Antofagasta swallows $2.2bn in spiralling Chilean project costs as inflation bites April 21, 2022 Antofagasta is betting on copper, gold and steel-essential metal molybdenum this year, as the mining giant swallows spiralling costs of its latest Chilean project. A review of the Los Pelambres expansion project, which is now more than 70 per cent complete, has spiralled from $1.7bn (£1.3bn) to $2.2bn (£1.6bn), as the miner shoulders Covid-19 costs [...]
Nestlé warns of further price rises over the year amid rampant inflation April 21, 2022 Nestlé has cautioned more price rises could be on the horizon for consumers as cost inflation leaps. In a three month trading update, the Kit Kat owner said it had already “stepped up pricing in a responsible manner” and seen “sustained consumer demand.” Nestlé CEO Mark Schneider added: “Cost inflation continues to increase sharply, which [...]
THG boss Matt Moulding slams ‘numerous’ proposals from suitors as unacceptable April 21, 2022 E-commerce beauty firm THG has dubbed a number of approaches from potential bidders as “unacceptable.” There had been speculation that the online retailer – which owns brands including Cult Beauty and Lookfantastic – could be prime for a takeover, after experiencing a turbulent year. In a trading update, CEO Matthew Moulding said the board had [...]
Time to talk about the price of milk: artisan cheese could save our dairy industry April 21, 2022 Milk has always held a curious place in the political psyche. It has long been used as a measure of affordability of everyday goods – and our leaders’ understanding of the challenges facing many Britons. As inflation, pressures on transport and the war in Ukraine have triggered a spike in prices, the price of milk [...]
CBI chief economist: Bank of England chasing missed rate hikes April 21, 2022 The Bank of England has been slow to get ahead of an inflation crunch that is now expected to choke the UK’s economic recovery, according to the chief economist at Britain’s top business group. Rate setters “should have acted sooner in the autumn” to cool the elevated cost of living, Rain Newton-Smith, chief economist at [...]
Job losses loom in further sign of economic slowdown April 21, 2022 The UK jobs market is set to take a knock this year after it weathered the gloomiest post-furlough predictions, reveals new research published today. Around one in five firms are intending to scale back staffing levels over the coming year, according to conciliation service Acas. The fresh survey illustrates the steep deterioration in the trading [...]