Meta’s stock tanks 15 per cent as AI spending rises, revenue outlook fails to impress April 25, 2024 Shares of Meta, the parent company of Facebook and Instagram, experienced a significant drop of more than 15 per cent during after-hours trading.
Krispy Kreme: Doughnut chain hikes UK prices as it eyes expansion July 10, 2024 The UK arm of Krispy Kreme is looking to open new locations after increasing its prices in a bid to combat the rise in costs, newly-filed documents have revealed.
What a new world order might mean for the global economy July 18, 2022 Russia’s invasion of Ukraine has opened fault lines between nations which will affect trade relations and investment for years to come. The war in Ukraine is already having a significant effect on inflation and activity in the world economy as commodity prices have soared and supply chains have been disrupted. Inflation in the G7 was [...]
Queen mourning period gave tourism and retail big boost, says payment firm SumUp September 22, 2022 The Queen’s death and funeral may have led to 10 days of national mourning, but it also gave Britain a welcome tourism boost, according to payments firm SumUp. SumUp, which provides 4m small and medium-sized firms and other organisations with payment devices, said the industry experienced a spike in the last fortnight. It released data [...]
Great Portland Estates sells London’s 50 Finsbury Square freehold for £190m October 4, 2022 Great Portland Estates (GPE) has sold the freehold of 50 Finsbury Square to German family office Wirtgen Invest Holding for £190m. The deal, in which proceeds will be pumped into GPE’s credit facility, represents a capital value of £1,471 per square feet. The Fosters & Partners designed office block will have its “comprehensive” refurbishment completed [...]
Amazon share price tanks after software giant announces fall in cloud spend April 28, 2023 The brakes appeared to be coming on to Amazon’s cloud growth spending as the tech giant said it was looking to cut costs. The news overshadowed the company’s quarterly sales, and an announcement that its profits that topped expectations. Amazon’s value rose $125bn (£100bn) but remarks by its chief financial officer Brian Olsavsky, drove the [...]
Ministry of Sound to convert House of Fraser store to lure Londoners to ‘fitness raves’ in Shepherd’s Bush June 23, 2022 Nightclub group Ministry of Sound said this morning it plans to convert a former House of Fraser store in west London to hold ‘fitness raves’ for Londoners. The building will also be turned into flexible offices, a gym as well as a rooftop bar. The group said it plans to start converting the 115,000 sq ft department [...]
Tesla out, Nvidia in: Where investors are putting their money June 11, 2024 Nvidia, Tesla and commodities: Victoria Scholar takes the Notebook pen to talk about the latest trends in retail investment.
Avatar’s success gives boost to struggling cinemas but future is still uncertain January 23, 2023 The highly anticipated Avatar sequel has ranked as the sixth-highest grossing movie ever, giving cinemas a much needed boost, although some analysts warn they are not yet in the clear. After six weeks on the big screens, “Avatar: The Way of Water” surpassed a staggering £1.6bn ($2bn) in box office sales on Sunday, Disney estimates. [...]
Car industry in shock and fuel prices climb as government scraps all grants for electric vehicles June 14, 2022 There is widespread shock and surprise in the car industry this morning as the DfT said all grants for new EVs have been scrapped.