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Company

  • Apple and Google told by FCC to axe TikTok in app store over privacy concerns

    tiktok

    The US FCC Commissioner has written to Apple and Google calling on the Silicon Valley giants to axe TikTok from app stores for “its pattern of surreptitious data practices.”

  • Sales at Morrisons drop as supermarket boss cites ‘very fragile’ trading environment

    MORRISONS' SALES

    Supermarket Morrisons has seen sales drop by 6.4 per cent in the second quarter of the year, blaming a “very fragile and difficult consumer environment.” In a trading update for the 13 weeks ending 1 May, the grocer said it had experienced a “very challenging” trading environment with cash-strapped Brits tightening their belts as inflation [...]

  • Twitter storm after Halifax Bank announces staff can wear badges with pronouns on

    it's a people thing

    Halifax Bank has caused a social media storm after announcing its employees will have the option to include pronouns on name badges. Twitter users reacted furiously after the bank shared an image on social media showing a staff member’s badge, including ‘she/her/hers” and “Pronouns matter. #ItsAPeopleThing”. The post has had more than 5.5k replies so [...]

  • Premier Inn-owner Whitbread selects Domino’s Pizza chief to head up hospitality giant

    June 29, 2022

    Premier Inn owner Whitbread has selected Domino’s Pizza boss Dominic Paul as its new chief executive.  Paul will leave his role at Domino’s Pizza in December 2022, the pizza chain confirmed on Wednesday.  He will step into the shoes of Alison Brittain, who has overseen the historic 280-year-old company over the past six years. Paul headed [...]

  • £6.3bn takeover of aeroplane giant Meggitt heading for final approval as UK govt is ‘minded to accept’

    June 29, 2022

    The UK Government said it was “minded” to accept measures to address competition and national security concerns so it can greenlight the £6.3bn takeover of British aeroplane parts maker Meggitt by a US rival. The Department of Business, Energy and Industrial Strategy said late last night that Business Secretary Kwasi Kwarteng was poised to accept [...]

  • Stagecoach returns to growth as bus journeys bounce back to 81 per cent of pre-Covid levels

    June 29, 2022

    Britain’s biggest bus company Stagecoach today said it now in a “good financial position” after “recovering customer demand” saw passenger journeys bounce back to 81 per cent of pre-pandemic levels. The public transport operator said it had “firmly returned to growth” after its profits more than doubled year on year, from £17m in the financial [...]

  • Capita posts ‘strong’ first half results as BBC TV licensing contract boosts outsourcer’s revenues

    June 29, 2022

    Capita today posted “strong” results for the first half of 2022, after a series of “significant” government contracts boosted its H1 revenues. The outsourcing company said trading in the first half of 2022 sat in line with expectations, as it said its revenues were bolstered by the renewal of a £456m contract to run the [...]

  • Jupiter boss Andrew Formica to step down after ‘extremely challenging’ period

    June 28, 2022

    The boss of Jupiter Fund Management Andrew Formica has announced he will retire as CEO later this year after a turbulent period at the helm of the London-listed investor. Formica, who joined the firm from Janus Henderson in 2019, will step down as chief executive and director on 1 October and hand over the reins to [...]

  • Petrofac pushes for post-pandemic rebound as Covid-19 bites into profits

    June 28, 2022

    Energy giant Petrofac is targeting a strong order intake in the second half of the year, as it grapples with lingering impact of the pandemic.

  • The lack of board diversity is deterring investors as the gender gap could take 100 years to close

    June 27, 2022

    A lack of diversity in Europe’s top financial services boardrooms is deterring investors from backing firms, new research has revealed. 

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