Heinz sauce making a comeback to the UK with £140m investment June 1, 2021 Kraft Heinz, the food giant behind Heinz and Philadelphia, has tabled plans for a £140m investment in Wigan’s Kitt Green, Europe’s largest food manufacturing facility today. The investment would aim to bring Heinz sauce making back to the UK to bolster its European capacity. In one of the largest post-Brexit investments in the UK, it [...]
Artificial Intelligence, Social Media, and the Future of Investing June 1, 2021 Witnessing the recent GameStop event, it was clear that for better or worse, the little guy, or many, many little guys, had briefly beaten Wall Street at its own game. While GameStop was fuelled primarily by the collective action of many, the voice of only one person, echoed by others, can have similar influence. For [...]
Losing faith: French music firm Believe lowers fundraising target ahead of IPO June 1, 2021 French music firm Believe, which helps artists get discovered on streaming platforms such as Spotify, has trimmed down its fundraising hopes ahead of a stock market float this month. The startup today said it planned to raise €300m (£258m) when it lists on the Euronext Paris exchange — below the €500m initially planned. The price [...]
Virgin Media O2 promises market shake-up after £31bn merger June 1, 2021 Virgin Media O2 today vowed to shake up the UK telecoms market and help drive the country’s recovery from the pandemic as it launched following a £31bn mega-merger. Parent companies Liberty Global and Telefonica were last week given the green light for the joint venture, which represents the biggest UK merger in a decade and [...]
M&C Saatchi lifts forecasts after new client wins June 1, 2021 M&C Saatchi has lifted its forecasts for the full year as it hailed better-than-expected trading in the first four months of the year. The advertising group said business had been stronger than anticipated as the easing of lockdown restrictions sparked signs of a recovery in ad spend. The London-listed firm also secured business from a [...]
Aisha Ghani CA: My return to work journey May 31, 2021 Aisha Ghani CA, Finance Business Partner at Sue Ryder, discusses her return to work, de-bunks stereotypes of sole carers and shares her advice for those who may be in a similar situation. You have recently returned to work after an extended career break. What influenced you to take this time away from work? Having trained [...]
China widens child policy to three children to combat declining population May 31, 2021 China is set to widen its child policy to three children, after easing its longstanding one-child only policy in 2015, to combat its declining population. The change, approved by president Xi Jinping in a politburo meeting, will signal the end of its two children only policy, state media outlet Xinhua said. It follows China’s 10-year [...]
Boris Johnson marries Carrie Symonds in secret wedding May 30, 2021 Boris Johnson has married his fiancee Carrie Symonds in a clandestine wedding ceremony yesterday at Westminster Cathedral. Johnson surprised SW1 yesterday when it emerged he had wed Symonds in a secretly planned ceremony in which no media was present. The couple released a wedding day picture this morning to celebrate the news. A Downing Street [...]
‘Risky’ FTSE firms could be shunned by worried auditors fearing backlash May 29, 2021 There are worries that the crushing weight of public criticism combined with record-breaking fines could see perceived ‘risky’ FTSE companies shunned by auditors. Following large-scale collapses like Carillion and Patisserie Valerie, the audit sector has faced harsh criticism, having come under both the media and government’s spotlight for failing to do their jobs properly. According [...]
Who will be the winners from the UK’s lockdown lifting? May 28, 2021 The UK continues its steady emergence from lockdown. Shops, gyms and outdoor hospitality reopened in April, with hotels, cinemas and indoor dining now following suit. All being well, further restrictions could be lifted in June. The lockdowns of the last year have undoubtedly benefited online grocers and food delivery services. But we’ve reached a crucial [...]