Lockdown leaders: Aldi and M&S voted UK’s top in-store supermarkets February 22, 2021 Lockdown leaders: Aldi and M&S voted UK’s top in-store supermarkets
Rivian: America’s next top model? November 26, 2021 In 2020, despite a global pandemic making it more difficult for anybody that wanted to grab a beer at the end of a long work-day, Anheuser-Busch – the makers of Budweiser and a whole range of other alcoholic drinks – brought home revenues of a cool $46bn. Listed in New York, its market cap stands [...]
Next CEO Lord Simon Wolfson’s pay jumps 28 per cent despite profit plunge, shut stores and furloughed staff April 20, 2021 Next boss Lord Simon Wolfson's pay jumps 28 per cent despite profit slump, closed stores and furloughed staff
Starbucks on hiring spree for 400 new jobs across UK as demand revives May 3, 2021 High Street giant Starbucks has launched a hiring spree for 400 roles as the coffee chain has been buoyed by the easing of pandemic restrictions. Positions will be available across almost 200 sites including city-centre, suburban high street and drive-thru locations as it builds its workforce to deal with higher demand. Starbucks, which currently employs [...]
Schroders’ assets under management hit record high March 4, 2021 Schroders’ assets under management reached a record high despite net inflows dipping over the year. AUM jumped 15 per cent to £574.4bn after strong demand in its private assets and solutions divisions pushed net inflows to £42.5bn. Profit before tax and exceptional items increased marginally to £702.3m beating a consensus of £649.2m. Schroders declared an [...]
VCs fail to add value beyond funding, early stage founders say April 1, 2021 The past year has seen VC investment go through the roof as firms look to capitalise on increased demand for tech, but founders are unhappy with what firms are offering beyond funding. Forward Partners’ More than Money report published today will make uncomfortable reading for the VC community. VCs may well have splashed the cash [...]
UK GDP shoots up after worst year on record amid non-stop ‘string of positive news’ March 31, 2021 The UK economy bounced back more strongly than first thought in the last six months of 2020, the Office for National Statistics said this morning. GDP rose by 16.9 per cent and 1.3 per cent in the third and fourth quarters respectively. An early estimate of one per cent growth for the period between October [...]
Amazon in talks to invest £450m in Deliveroo May 16, 2019 Amazon is in talks to invest hundreds of millions of pounds in Deliveroo giving the food delivery app a boost as it takes on takeaway rival Uber Eats. The internet retailer will announce a deal to back Deliveroo as part of a $575m (£450m) funding round which is expected to be revealed in the coming days, [...]
Q&A: why are so many investors still ignoring the UK stock market? October 27, 2021 Q: Are UK shares cheap because they’re “old economy” businesses in the banking, oil and tobacco sectors? Bill Casey: When we speak to management teams of UK-listed businesses, many are pulling their hair out, complaining their shares are lowly “rated” compared to US and European-listed peers. They run good quality businesses which we don’t think have [...]
Crackdowns on tech mergers will only serve to deter British entrepreneurs October 18, 2021 What if Facebook had never bought Instagram? This question keeps competition regulators like the Competition and Markets Authority (CMA) up at night. In 2012, Instagram had just 30m users, 13 employees, and made no money. The $1bn valuation was mocked and appeared to many to be the sign of a tech bubble ready to burst. [...]