First Group boss to step down amid growing shareholder pressure July 27, 2021 First Group’s chief executive Matthew Gregory has this morning announced he will leave the company after the firm’s AGM, a day after the company’s biggest shareholder demanded his resignation. The announcement came as the FTSE 250 transport operator announced that its profit had shrunk about a fifth over the last financial year. Gregory’s resignation comes [...]
The Royal Academy Summer Exhibition 2021 is the best in years September 17, 2021 British-Nigerian artist Yinka Shonibare, coordinator of the 253rd Royal Academy Summer Exhibition has managed something extraordinary: he’s created a show that actually makes sense. Where the Summer Exhibition – once again shunted to the autumn thanks to Covid – is usually a maddening, overwhelming jumble of artworks, this year there’s a thread of urgency and [...]
Energy crisis deepens as Bulb enters special administration amid soaring wholesale costs November 22, 2021 Bulb has collapsed into administration amid soaring wholesale energy costs that have caused 21 suppliers to cease trading since September.
Worst performing investment funds worth £30bn are revealed in report August 20, 2021 An online investment service, Bestinvest, has published it’s latest “Spot the Dog” report naming and shaming 77 investment funds which have consistently underperformed the markets they invest in. Although 77 investment funds across a range of equity markets worldwide were identified in the latest report, which is published twice a year, it marks a sharp [...]
Norway blocks Rolls-Royce sale on security grounds March 23, 2021 The Norwegian government has today said it will block Rolls-Royce’s attempt to sell an engine-making firm to a Russian company on national security grounds. Last month the FTSE blue chip firm announced it would sell Norwegian firm Bergen Engines to TMH Group for €150m (£132.5m). The disposal is part of plans by the aerospace giant [...]
‘Light at the end of the tunnel’ for Superdry after reporting return to growth May 6, 2021 Superdry sees “light at the end of the tunnel” after reporting a return to revenue growth in the fourth quarter, boosted by its ecommerce division. In a trading statement Superdry said it had been “substantially impacted” by the pandemic with group revenue for the full year down 21 per cent year-on-year to £556.6m. However the [...]
Boris Johnson urges caution on freedom day as he continues self-isolation July 18, 2021 Boris Johnson has urged caution as England today is freed from social distancing restrictions for the first time in 16 months. The Prime Minister also outlined once again his five-point plan for how the country will live with Covid-19, which includes reducing the time between vaccines, keeping the Test and Trace regime in place and [...]
Extra surge testing rolled out in Ealing after new South Africa Covid cases found February 25, 2021 Additional surge testing will be rolled out in the London borough of Ealing after new cases of the South Africa Covid mutation were detected. The extra measures are an extension of the surge testing launched in the West London area earlier this month following the discovery of previous cases. People living in Ealing are strongly [...]
Pfizer vaccine ‘100 per cent effective’ in children as young as 12 March 31, 2021 The Pfizer/Biontech Covid vaccine is safe and 100 per cent effective in children as young as 12, the company has announced. The two pharmaceutical giants carried out trials of the vaccine on 2,260 children aged between 12 and 15 in the US. Preliminary data showed there were no cases of coronavirus among fully vaccinated adolescents [...]
Airlines pull 737 Max from flight schedules after Boeing warning April 9, 2021 A number of airlines have begun grounding Boeing’s 737 Max aircraft today after the planemaker warned 16 of its customers over a potential electrical problem with the model. Southwest Airlines and American Airlines have pulled nearly 50 jets from their flight schedules on the back of the announcement. United Airlines, Alaska Air, and West Jet [...]