Amazon sellers get five star status with bogus reviews of toys, investigation finds April 7, 2022 Amazon sellers have been manipulating its review system to boost their review status to five stars, a deep-dive by a consumer choice group has claimed. Businesses are making the most of a loophole with the online retail giant, using items such as cuddly toys and umbrellas to help inflate rating sand sell products. An investigation [...]
Merchants Trust posts 40th year of dividend hikes as it nearly doubles benchmark index April 7, 2022 London-listed investment trust Merchants Trust announced its 40th consecutive year of dividend growth today after nearly doubling the returns of its benchmark index last year.
Equity exodus: Investors rush to gold ETPs amid market turbulence April 7, 2022 Investors fled European equities last month as the shocks of war in Ukraine continued to drive an exodus towards safe haven assets, fresh data has revealed.
Bitcoin could minimise the threat of nuclear war April 7, 2022 Bitcoin is the 'weapon' that prevents attackers from denying people access to their property without resulting in war, says Chris Kacher.
Co-op profit hammered by supply chain disruption as chair warns of ‘stark headwinds’ April 7, 2022 The Co-operative Group’s profit has taken a battering after “significant supply chain disruption” last year, as the grocer pledges to support customers amid a cost of living crunch. The supermarket reported profit before tax of £57m for 2021, down £70m on the year before when it pocketed £127m. The Manchester-based grocer did mark higher profit [...]
House prices jump to record £282,753 amid highest inflation since mid-2007 April 7, 2022 The average price of a home has jumped 11 per cent over the past year to a new record figure, according to the Halifax House Price Index. The average price of a house is now £282,753, a steep increase of £43,577 in just two years after the UK’s first Covid-19 lockdown. Prices have increased 1.4 [...]
The City View: Innovate Finance summit roundup, and two Lidl adverts banned April 6, 2022 Today Andy Silvester chats to City A.M. reporter Charlie Conchie, and whistles through the main headlines you need to know. Andy and Charlie go through this week’s fintech Innovate Finance summit — they discuss the London Stock Exchange CEO’s comments yesterday on bosses needing a pay boost; Ron Kalifa’s views on the mindset shift needed [...]
Hospitality business owners to pay £215m more in tax this year thanks to NI rise April 6, 2022 British pubs, restaurants and hotels will be forced to pay £216m more in taxes this year thanks to today’s rise in National Insurance for employees and employers. New figures collated by the Liberal Democrats also showed that workers in the hospitality industry will be hit with a £137m extra tax bill this year, after the [...]
Bank of England spent £50,000 on logo and website re-design April 6, 2022 The Bank of England’s (BoE) recent logo and website re-design cost £50,000, a freedom of information request has revealed. The nearly 330-year-old institution, which is funded by banks – not the taxpayer – made a bid to change its image last month, to better reflect the makeup of the country, but it came at a [...]
Avon Protection share price plunges more than 20 per cent after wrestling with rising costs April 6, 2022 Avon Protection shares have plunged, after the helmet maker warned investors of lower-than-expected profits in the first half of this year. The London-listed protective equipment provider has been wrestling with “additional manufacturing costs” in recent months, as global raw materials prices are engulfed by inflation. Supply chains have also been significantly stretched post-Brexit, with the [...]