Brits to shoulder worst cost of living squeeze since 1991 January 20, 2022 Brits are set to shoulder the worst cost of living squeeze since the early 1990s, ignited by swelling energy bills and food prices compounding to spike household budgets. This week’s higher than expected inflation reading bounced one the world’s top investment bank’s cost of living forecasts. Wall Street titan Goldman Sachs lifted its expectations for [...]
TikTok’s rocket revenue slows down as China tightens grip on big tech January 20, 2022 TikTok's momentous ascent may be slowing as insiders reveal that revenue grew by 70 per cent year-on-year to around $58bn in 2021, down from its 100 per cent growth rate in 2020.
Primark to cut 400 jobs across the UK as part of overhaul of management team January 20, 2022 Primark owner Associated British Foods has reported a 16 per cent boost in group revenues for the 16 weeks up to 8 January 2022.
Superdry cuts its losses despite tumbling revenues January 20, 2022 Revenues at fashion brand Superdry have dropped on a one-year and two-year basis, but losses are also down at the retailer.
How did theme-park giant Merlin weather the pandemic? January 20, 2022 This article first appeared in ICAS’ CA magazine. Diligence, resilience and diversity are the holy trinity when faced with a global crisis. Robert Galbraith CA, Head of Finance at Merlin Entertainments Japan, tells Nick Scott how the theme-park giant weathered the storm to get hearts racing again Read December/January’s CA magazine now “And he read Principles [...]
Silver: Golden opportunity or flash in the pan? January 19, 2022 Silver prices are closing in on two-month highs of $24 per ounce, amid disappointing US manufacturing figures and inflationary pressures.
Unilever backs down on raising £50bn bid for GSK consumer health arm January 19, 2022 Unilever has announced it will not raise its £50bn bid for GlaxoSmithKline's consumer health arm after the pharma giant rebuffed its approach in December.
Face masks and working from home scrapped as Plan B restrictions axed in England January 19, 2022 Boris Johnson has scrapped England’s Plan B Covid restrictions, which include a call to work from home if possible and for mandatory face masks in indoor public settings. They also included mandatory Covid certificates for large events and night clubs. From next Wednesday the restrictions, brought in last month to slow the spread of Omicron, [...]
Exclusive: In war for talent, the rapid surge in pay is tipping the balance of power, says Edmond de Rothschild manager January 19, 2022 11 million. Eleven million is the number of job openings that are currently unfilled in the world’s largest market alone, the United States. In other words, Corporate America is looking for 11m workers to operate at a level that meets end demand. To put this figure into perspective, this is an all-time high and double [...]
WH Smith takes pandemic beating as spending dips at its travel stores in airports and train stations January 19, 2022 WHSmith has revealed the Omicron variant led to a fall in spending at its travel stores in airports and train stations during the final four months of 2021. The retailer added that high-street sales managed to improve during the same period – including in December as infection rates rose – however, overall, the company’s sales [...]