Met top brass says Just Stop Oil will be ‘brought to justice’ as group tries to scale Downing St gates November 1, 2022 The Met Police’s number two in command has vowed to bring Just Stop Oil protesters “to justice” as protestors tried to climb the gates of Downing Street. Assistant Commissioner Matt Twist made his comments on LBC this morning after the environmental group made headlines vandalising MI5, the Home Office, Bank of England and HQ of [...]
Toyota slashes car production target as profit slumps by 25 per cent due to headwinds November 1, 2022 Toyota has slashed its production target for the year as its quarterly profit slumped by 25 per cent due to a combination of industry and economic headwinds. The Japanese automotive powerhouse has posted an operating profit of 562.7bn yen (£3.3bn) for the three months ended 30 September. This was down on the 750bn yen reported [...]
UK’s £50bn black hole: Brits face a long, cold winter full of spending cuts and fresh tax hikes November 1, 2022 After barely a week in office, Rishi Sunak, the new Prime Minister, and his equally new Chancellor, Jeremy Hunt, are expected to move ahead with tax rises for millions of Brits. As early as next week, Sunak and Hunt will most likely extend a freeze on the thresholds at which people start to pay the [...]
Made.com to call in administrators as furniture firm’s 700 staff left in lurch November 1, 2022 Made.com has announced the appointment of administrators after cash-strapped consumers have pulled back on big ticket spending. The London-listed furniture firm said on Tuesday that it’s board has resolved to file notice of an intention to appoint administrators at PricewaterhouseCoopers (PWC). The company had been seeking out rescue cash but interested suitors were unable to [...]
Playtech finance chief steps down due to ‘personal reasons’ November 1, 2022 The chief of finance at Playtech will step down at the end of this month due to “personal reasons”. The gambling software firm said in an announcement that Andrew Smith, Chief Financial Officer and Executive Director, would leave his positions on 28 November. Brian Mattingley, Chairman of Playtech, said in a statement: “Andy has played [...]
Workspace leaser IWG’s revenues surge as firm seeks to capitalise on hybrid working November 1, 2022 Serviced office provider IWG today said the move to hybrid working is driving demand for its workspaces after posting “strong” results that saw its revenues increase 25 per cent compared to last year. The office landlord today said its group revenues for the three months ending on September 30 were 25 per cent higher than [...]
Homeware retailers ‘draw short straw’ in economic crunch as Made.com nears collapse October 31, 2022 Homeware retailers are facing a turbulent 2023 as mounting operational costs and hesitant consumer sentiment piles the pressure on the sector. It comes as Made.com was still teetering on the brink of collapse on Monday after customers have pulled back from spending on pricier items like furniture. Last week, the ailing sofa seller said it [...]
Asos eyes cutting 100 jobs as part of turnaround plan for fashion retailer October 31, 2022 Asos is looking to slash 100 jobs as the fashion retailer tries to rebuild after hemograhing losses. The London-listed company confirmed it was launching a consultation on a number of roles across the firm, after it was first reported in RetailWeek. The retailer, which currently employs around 3,300 people, will begin mulling which roles to [...]
Twitter plans to charge users $20 for blue tick verification as Musk pushes for revenue growth October 31, 2022 Elon Musk is reportedly gearing up to introduce paid verification on Twitter in a bid to drive up revenue. According to initial reports from The Verge, Twitter is currently planning to charge $19.99 for the new Twitter Blue subscription, adding to the current optional premium offering it has. According to insiders and internal correspondence seen [...]
‘The bird is free’: Elon Musk’s $44bn Twitter takeover gets mixed reaction October 28, 2022 After months of uncertainty, the world’s richest man, Elon Musk, finally completed his $44bn takeover of Twitter. The billionaire entrepreneur announced the long-awaited deal, tweeting this morning: “The bird is free”. The owner of Tesla made a dramatic entrance to the company’s San Fransisco HQ on Wednesday evening carrying a porcelain basin, tweeting: “let that [...]