UK finally moves to regulate crypto, and it’s a great step in the right direction October 27, 2022 Thomas Tudehope, Global Head of Policy at Luno, welcomes the approval of the Financial Services and Markets Bill.
Alibaba posts flat revenue growth after ‘relatively slow’ spring August 4, 2022 E-commerce group Alibaba has posted flat revenue growth for the first time. The Hong-Kong based firm said sales in Chinese commerce dropped one per cent compared to the past year while revenue from its cloud business saw revenue up 16 per cent. The group’s revenue hit 205.56bn yuan ($30bn) in the April to June period, [...]
Hipgnosis bidding war shows these corporate jukeboxes are valuable after all April 24, 2024 The bidding war between Blackstone and Concord for Hipgnosis shows that the music asset class has not lost its allure, Jess Jones writes
Widening losses for Deliveroo while Next chair Lord Wolfson exits board August 10, 2022 Delivery platform Deliveroo has posted a heftier loss while also announcing the departure of Next chair Lord Simon Wolfson from its board. In its half-year results, the London-listed firm posted an adjusted EBITDA loss of £68m, a wider loss than the £26m posted in the first half of 2021. However, it marked an improvement of [...]
London, and the UK, must seize the opportunity to lead in crypto regulation June 13, 2023 The UK tech sector is doing great in so many ways - it's time it embraces a balanced approach to crypto regulation as one of its main tenets, writes Andrew Griffiths
Energy industry calls for clampdown on brokers as businesses brace for winter August 23, 2023 The role of brokers in the business supplier market is in urgent need of regulation to protect companies from high prices this winter, an industry body has warned.
Superdry: Plans to raise equity boost share price as it attempts to trim £35m costs May 2, 2023 Embattled fashion brand Superdry is in “positive discussions” with investors for a 20 per cent equity raise as it looks to improve its balance sheet in the wake of tough trading – hiking its share price by 0.58 per cent. The news came in response to media speculation that Julian Dunkerton, chief of the company, was [...]
Stonegate Group warns on future as it battles £2.2bn debt pile April 10, 2024 Britain's biggest pub operator Stonegate has raised concerns about its future as it battles a £2.2 debt pile.
IMF warns Germany and UK will be G7’s laggards this year despite upgrades July 25, 2023 Britain is on course to register the second weakest growth in the clutch of rich countries this year, beaten only by Europe’s economic powerhouse Germany, which will be the only advanced economy to contract this year, the world’s lender of last resort has signalled today. UK output will expand 0.4 per cent this year, the [...]
Fever Tree profit margins impacted by shipping and inflationary pressures September 13, 2022 Fever Tree has said price increases on its soft drinks only partially helped to off-set cost pressures caused by heightened shipping costs. The tonic-water seller said its gross margins had been hit by “inflationary cost pressures and continued exposure to elevated Trans-Atlantic freight costs,” in interim results published on Tuesday. A gross margin of 37.4 [...]