Grounded verdict: Tribunal kicks out British Airways appeal in cabin crew case August 15, 2024 British Airways has had its appeal over a key section of the Equality Act kicked out by the Tribunal today, an appeal that saw intervention from the Government
Monzo celebrates fourth year on top of bank satisfaction rankings August 15, 2024 Monzo has once again taken first place in an official league table measuring whether customers would recommend their bank to friends and family, with the firm marking four years in the top spot. The digital-only bank, founded in 2015, has topped the Competition and Markets Authority’s (CMA) biannual current account satisfaction ranking since August 2020, [...]
Designmynight founders raise £5m for new tech venture August 15, 2024 The founders of hospitality booking platform Designmynight have raised $6.35m (£4.9m) for their new tech venture. Nick Telson-Sillett and Andrew Webster, who scaled Designmynight and sold it for £25m in 2017, have raised the capital for new digital sales platform Trumpet, alongside co-founder and chief executive Rory Sadler. The seed funding round led by London-based AlbionVC, which [...]
Amazon cleared for take-off as delivery drones to be tested in the UK August 15, 2024 The use of Amazon delivery drones in the UK will be tested by the Civil Aviation Authority (CAA), in its latest move to modernise UK airspace. The CAA will test machines which fly out of the human controller’s line of sight, a move which is likely to get the ball rolling on drone-delivered packages in [...]
London venture capital firm pumps cash into British AI robotics business August 15, 2024 Sure Valley Ventures, a London-listed investment firm which specialises in helping early-stage software companies to scale up, is set to expand its AI robotics portfolio with two new investments worth more than £2m. The venture capital firm led a £2m funding round for PHINXT Robotics, an AI-led robotics company that creates software to allow warehouse [...]
Admiral shares fly to the top of the FTSE 100 as firm hikes dividend amid profit surge August 15, 2024 Admiral Group has reported its half-year turnover leaped 43 per cent to £3.2bn, due to a strong performance in insuring UK motors
ITM Power stock price drops after disappointing forward guidance August 15, 2024 Green hydrogen firm ITM Power’s revenue tripled from £5.2m last year to £16.5m, but the group’s stock price was hit by a downgrade in forward guidance. The power company made an adjusted operating loss of £30.4m over the last year, it reported in its preliminary results, down from a whopping £94.2m in the previous year. [...]
Magners and Tennent’s owner C&C outperforms in tough alcohol market August 15, 2024 Drinks company C&C, the owner of brands such as Magners and Tennent’s, has said it’s on track to meet expectations this year despite well-documented troubles in the alcohol industry. The firm, which is headquartered in Dublin, said in an update ahead of its AGM that it remained “confident” of achieving its set goal and that [...]
OneSavings Bank shares tumble as rising mortgage competition prompts guidance downgrade August 15, 2024 Shares in FTSE 250 lender OneSavings Bank (OSB) dropped as much as 19 per cent on Thursday after the group lowered its forecasts for the full year on the back of rising competition in the mortgage market.
Robinson: Plastic manufacturer appoints new boss amid ‘positive’ year of momentum August 15, 2024 Gattaca: Recruiter looks to future despite 'unhelpful' hiring market