Amazon falls 20%: Tech sector suffers as online retailer’s stock falls on faulty prediction.

Creative Media NewsSunday, 30 October 2022, 4:000

Amazon joined the despair and gloom of the tech sector yesterday night when their shares plunged by about a fifth. The online retail giant’s stock fell as much as 20% in after-hours trading on a warning that sales in the important Christmas quarter would be disappointing. Amazon anticipates net sales between £121 billion and £128...

Westminster has more electric car charging spots than Birmingham.

Creative Media NewsSunday, 30 October 2022, 3:000

The United Kingdom is slipping farther behind its plans for its electric car charging infrastructure, and a widening difference in the availability of public charging stations makes ownership of an electric vehicle (EV) in London enticing but nearly impossible in the north. Incredibly, Westminster in London has more charging stations than Birmingham, Liverpool, and Greater...

IAG ignores Heathrow passenger cap to increase revenues above pre-pandemic levels.

Creative Media NewsSunday, 30 October 2022, 2:000

Despite ongoing air travel disruption, International Airlines Group, the owner of British Airways, has seen sales surpass pre-Covid levels. The Anglo-Spanish airline company, which also owns Iberia and Aer Lingus, reported revenues of €7.3billion (£6.3billion) for the three months ending in September, an increase of 0.9% compared to the same time three years earlier and...

Premier Inn guests return to hotels, boosting Whitbread revenues over 2019 levels.

Creative Media NewsWednesday, 26 October 2022, 10:000

Profits for Whitbread have risen above pre-pandemic levels due to lower coronavirus regulations that have led to an increase in Premier Inn hotel bookings. The hospitality company’s statutory profits for the six months ended September 1 were £233.9 million, compared to £172.2 million in the same time three years earlier and a loss of £37.8...

HSBC offers the highest-yielding easy-access savings account at 3% a year.

Creative Media NewsSunday, 23 October 2022, 3:000

HSBC has introduced a new best buy easy-access savings rate, granting depositors a 3 percent return. Interest on accounts up to £10,000 in its Online Bonus Saver account has raised from 1.6% to 3%. The 3% rate is essentially a bonus on top of HSBC’s usual easy-access rate of 0.50%, which is offered to individuals...

Price increases boost Intercontinental Hotel Group’s revenues.

Creative Media NewsSunday, 23 October 2022, 1:000

Intercontinental Hotel Group shares declined on Friday as the impending departure of its chief financial officer masked robust revenue growth. The FTSE 100-listed owner of Holiday Inn recorded a 28 percent increase in income per available room compared to the same period the previous year. The group’s average daily fee increased by 13 percent compared...

Wickes sales climb due to ‘do it for me’ demand, while DIY firm warns of £7.5m energy expenses next year.

Creative Media NewsSaturday, 22 October 2022, 21:000

Wickes, a home improvement company, has warned that its energy expenses will increase by more than £7 million next year. Wickes’ overall like-for-like sales increased by 2.6% from July to September, compared to 0.8% for the first half of the year. The DIY division’s flat sales were offset by a 12.2% increase in its ‘do...

888 blames revenue fall on tightened gambling

As it turns to a “more recreational playing base,” 888 blames tighter British gambling restrictions for revenue decline.

Creative Media NewsThursday, 20 October 2022, 13:000

Bookmaker 888 has attributed a 7 percent decline in revenue in its third quarter to new online safety laws in the United Kingdom. Total sales decreased to £449million, which the group also attributed to the closure of its operations in the Netherlands, while online income from its William Hill business in the United Kingdom decreased...

Rolls-Royce unveils its first electric car.

Creative Media NewsThursday, 20 October 2022, 10:000

Rolls-Royce has finally unveiled its first entirely electric vehicle, the elegant and silent Spectre, which goes on sale today to environmentally conscious ultra-wealthy buyers. The new Spectre, which has undergone thousands of miles of testing under a camouflage skin disguise, has a mighty 577 horsepower (430kW) with two electric motors – one driving each axle...

Bellway profits fall on building protection costs as house builder signals softening demand.

Creative Media NewsThursday, 20 October 2022, 6:000

Bellway’s profits plummeted after the homebuilder agreed to a hefty fee for building safety enhancements. Despite reaching record revenues as a result of growing private home completions, the FTSE 250 company said on Tuesday that profits fell 38 percent year-over-year to £242.6 million in the fiscal year ending in July. It incurred £346,2 million for...

Lookers doubles earnings forecast to £75m and repurchases shares as motor dealership outperforms.

Creative Media NewsThursday, 20 October 2022, 4:000

After another impressive sales quarter, Lookers increased its earnings projection and initiated a stock buyback program. Due to increased vehicle gross margins, the car dealership chain now anticipates underlying pre-tax profits of at least £75 million for the current fiscal year. Continual supply chain challenges, notably a scarcity of semiconductors, have resulted in fewer vehicles...

The bond market meltdown and mini-Budget aftermath affect your retirement money.

Creative Media NewsWednesday, 19 October 2022, 23:000

The majority of pension savers are either immune to the recent market devastation or will be able to weather the storm given the time. Those who are close to or at retirement age and have a hole in their savings are the most severely impacted, though they may be able to restore the harm by...

Most Popular

Most Popular

categories

Highlights

Highlights

Money

Grid News

Latest Post

Useful Links

Latest News

Latest Business News