daily information to stay fit and healthy
Online grocer Ocado has announced plans to shut its oldest distribution centre as it shifts towards robotic warehouses in a move that will affect around 2,300 workers. The group said it will close the site in Hatfield, Hertfordshire, which accounts for about a fifth of its customer orders each week, later this year. The orders … Read more
Gilt yields surge as more rate rises loom: Headache for Bank of England as higher than expected inflation figures spook markets By John-Paul Ford Rojas For The Daily Mail Published: 22:07 BST, 19 April 2023 | Updated: 22:07 BST, 19 April 2023 Borrowing costs in Britain rose yesterday as higher than expected inflation figures created … Read more
Tesla shares reverse as Elon Musk slashes prices again in bid to drum up demand By Leah Montebello For The Daily Mail Published: 21:57 BST, 19 April 2023 | Updated: 22:07 BST, 19 April 2023 Aggressive price cutting has eaten into profits at Tesla. The company last night reported a 24 per cent rise in … Read more
Economists yesterday blamed the Bank of England’s money-printing spree for fuelling double-digit inflation – as Britain faces another painful interest rate hike to try to bring it back down. The Bank pumped £450billion into the economy to help steer Britain through the pandemic but experts told MPs that helped to create the price spiral that … Read more
Bootmaker Dr Martens lowers full-year earnings outlook again due to costs of resolving issues at L.A. warehouse Dr Martens now anticipates FY23 underlying earnings will be around £245m The firm’s warehouse in Los Angeles was affected by a significant bottleneck Finance boss Jon Mortimore said he would be retiring after 7 years in his role … Read more
Remain campaigner Roland Rudd set to rake in millions as US private equity eyes stake in his firm FGS Global By City & Finance Reporter for the Daily Mail Published: 11:26 BST, 7 April 2023 | Updated: 11:26 BST, 7 April 2023 Remain campaigner Roland Rudd is set for a windfall worth tens of millions … Read more
London float was a bad move for The Hut Group, says boss, as shares in online beauty retailer tank 80% since 2020 THG was valued at £5.4bn when it listed in 2020, but it is now worth just £827m Moulding said he and his top team now have a ‘THG against the world’ mindset By Emily … Read more
Rathbones to buy Investec W&I in £839m deal to create Britain’s biggest wealth manager with £100bn in assets Investec will become a ‘long-term, strategic shareholder’ in enlarged business Rathbones shareholders will own 58.75% of group and 70.1% of the voting rights By Mike Sheen For This Is Money Published: 09:39 BST, 4 April 2023 | … Read more
Britain’s blue-chip companies are going through one of the biggest ever upheavals in top management, as seven stalwart Footsie chief executives have either gone or declared their exit since the start of the year. The changing of the guard comes at a highly sensitive time, with the world economy on a knife-edge and the FTSE … Read more
Metro Bank draws up plan to avoid risk to taxpayers: Challenger plans for orderly wind-down were it to fail By Patrick Tooher, Financial Mail On Sunday Published: 21:50 BST, 1 April 2023 | Updated: 13:23 BST, 2 April 2023 Metro Bank has drawn up plans for an orderly wind-down if it were to fail, bringing … Read more