Cazoo shares spiral despite narrowed losses August 1, 2023 Shares in the struggling used-car retailer Cazoo tumbled on Tuesday, as investors failed to gain confidence in the firm’s restructuring and drive to rebound after last year’s crises. Losses improved by nearly 37 per cent year-on-year in the six months to June, narrowing from £241m to £151m – but this was not enough to stop [...]
London Calling! Over two million tourists will visit this year in £674m boost to the capital August 1, 2023 London will welcome more than two million international tourists this year compared to last, bringing an additional £674m to the capital. As travel fully recovers post-pandemic, data from the London mayor’s office, shows that London was the top city in Europe for bed nights in 2022 with an increase of 131.5 per cent in 2021. [...]
Travis Perkins profits slip 31 per cent amid slow down in house building August 1, 2023 Travis Perkins blamed a weak market for its falling revenues as the home improvement retailer struggles to cope with dwindling sales and a tough economic climate. In its half year results, the tools supplier said revenue slipped 2.5 per cent to £2.5bn and adjusted operating profits fell 31 per cent to £112m. A slowdown in [...]
A whole new Cineworld: Cinema chain back from bankruptcy with ex-WarnerMedia boss on board August 1, 2023 Cineworld has emerged from bankruptcy and added Ann Sarnoff, the former boss of WarnerMedia Studios, to its board. After filing for bankruptcy in the US last September, the embattled cinema chain has come out the other side having slashed its debt pile. The firm said today that the ‘New Cineworld’ has cut its debt by [...]
Uber makes operating profit for the first time in its history August 1, 2023 Uber reported an operating profit for the first time in its history in its second quarter results today.
Going out on top: Irn Bru boss to step down after two decades as revenues set to rise August 1, 2023 The chief of Irn Bru maker AG Barr will step down after nearly two decades at the Scottish soft drinks giant. Boss Roger White has plans to exit the firm within the next 12 months, when he and the rest of the board agree on a date. A plan to appoint a successor is underway. [...]
Chemring shares jump on launch of £50m share buyback August 1, 2023 Chemring today launched a £50m share buyback programme prompting shares in the British aerospace technology supplier to jump over 4 per cent. The FTSE-250 firm said it would purchase up to 28.4 million ordinary shares, with its dividend policy “unaffected.” Michael Ord, Chemring’s chief executive, said the programme would “provide us with additional flexibility to [...]
The new London hotel that’s perfect for a west London staycation August 1, 2023 81% of UK holidaymakers are expected to book a UK hotel getaway this year, as the cost of living crisis keeps Brits from booking international trips. If you’re thinking about a London staycation, The Adria in South Kensington has a few things that others don’t. As the pandemic pointed out, holidaying at home – especially [...]
Curve ball rattles Bitcoin and leading cryptocurrencies August 1, 2023 Bitcoin and Ethereum are both down around 2% this morning as the markets consider a breach at Curve Finance.
The Global Ecosystem of Insurance August 1, 2023 | Sponsored “Insurance is a three hundred, four hundred, year old industry,” Richard Wheeler, Aon’s co-leader of Global Re Specialty reflects. “But the opportunities ahead still significantly outweigh the journey that the market has been on. Because everything requires insurance.” Wheeler would know. In his role he ranges across global challenges, in the world’s richest and poorest [...]