Revenue climbs for Just Eat despite dwindling order numbers August 3, 2022 Orders dipped seven per cent in the first half of 2022 for Just Eat Takeaway.com as the delivery giant struggles to keep up with pandemic hype.
Editorial: Time to knock heads together until planes can fly at full capacity August 3, 2022 Imagine if the London Olympics were being hosted next week: the stadium would have been a shadow of itself with ticket-holders still stuck on the tarmac.
Uber rides out inflation storm as it posts first positive quarterly cash flow ever August 2, 2022 Uber appeared to defy inflationary woes as the ride-hailing posted a positive quarterly cash flow for the first time.
Insolvencies surge to highest rates since financial crash as voluntary bankruptcies hit record levels August 2, 2022 The UK government’s Insolvency Service today said it recorded a higher number of insolvencies over the past three months than at any other point in more than a decade, after the numbers of companies declaring voluntary bankruptcies hit their highest levels since records began. The past three months saw a total of 5,629 English and [...]
Virgin Money reports jump in accounts as lender braces for cost of living crunch August 2, 2022 Virgin Money boss David Duffy said the lender was braced to support customers through a cost of living crunch today as the high street lender reported a jump in digital personal and business accounts in the third quarter of the year.
Flat profit for Greggs as bakery chain vows not to shrink size of sausage rolls August 2, 2022 Sausage roll maker Greggs has posted flat profit after the return of pre-pandemic tax rates and heightened costs. In half-year results, the bakery chain posted pre-tax profit of £55.8m, up just slightly from the £55.5m posted in the first half of 2021. The London-listed chain said this was reflective of the re-introduction of business rates, [...]
IFS: Sunak’s pledged Income Tax cut smaller than his tax rises as chancellor August 1, 2022 Rishi Sunak’s newly unveiled promise to cut the basic rate of Income Tax from 20p to 16p by the end of the decade is smaller than the tax rises he made as chancellor, according to an influential economic think tank. The Institute for Fiscal Studies (IFS) today also said the tax plans of Sunak and [...]
HSBC hits back at Ping An calls to carve out Asia business August 1, 2022 HSBC today hit back at intense pressure from its biggest shareholder to spin out its Asia business. The chief of Britain’s largest lender, Noel Quinn, said HSBC’s “strength as a well connected, global institution is the main reason our wholesale clients choose to bank with us”. “We are determined to capitalise on the advantages our [...]
Brits scale down inflation expectations in sign BoE rate hikes are quashing price pressures August 1, 2022 British households are scaling down their expectations for future inflation in a sign that the Bank of England’s series of rate hikes are curbing price pressures, a fresh survey published today revealed. The UK public in July thought inflation will settle at 3.8 per cent in five years, down from four per cent in June, according [...]
Economic downturn pummels UK factories August 1, 2022 UK factories are succumbing to a concoction of downside risks that have shifted the sector into “reverse gear,” a closely watched survey published today revealed. Activity in the British manufacturing sector last month plunged to a 25-month low of 52.1, down from 52.8 in June and slightly below analysts’ expectations, according to S&P Global’s purchasing [...]