Bionano Genomics, BioCryst Pharmaceuticals, and NRx Pharmaceuticals all have the potential to make their early shareholders rich.
The Competition and Markets Authority will be asking if the market is ‘working well for music lovers’.
LONDON (Reuters) -Dr. Martens said on Thursday revenue growth slowed in its third quarter, knocking its share price, after a drop in wholesale business as it prioritised inventory for ecommerce and retail stores channels. The group said revenue rose 11% to 307 million pounds ($412 million) in the three months to Dec. 31, its fiscal third quarter. Dr. Martens said the third quarter outcome was driven by a 33% jump in revenue in the higher margin direct to consumer (DTC) channels, e-commerce and retail stores.
EU antitrust regulators on Tuesday reimposed fines worth 79 million euros ($89 million) against Telefonica and Pharol, formerly known as Portugal Telecom, after previous antitrust fines were rejected by Europe's top court in 2018. Telefonica's new fine totalled 66.89 million euros, the same amount as that imposed in 2013, while Pharol was fined 12.15 million, slightly lower than 2013's 12.29 million, the European Commission said in a statement. The EU watchdog had fined the pair in 2013 for an illegal deal not to compete with each other in the Iberian telecommunications markets.
British consumers' spending on credit and debit cards increased slightly last week and the number of people going out shopping or to restaurants also rose, according to weekly data that add to signs that the impact of the Omicron COVID wave is easing. Credit and debit card purchases, as measured by the Bank of England's CHAPS interbank payments system, rose to 87% of their level before the pandemic on a non-seasonally adjusted basis in the week to Jan. 20, up from 85% the week before.
Wall Street’s tumultuous session yesterday saw the Nasdaq slump 5% before rallying back into positive territory. The impact of inflationary pressures is revealed in today's latest public sector borrowing figures, with the total of £16.8 billion the fourth-highest since monthly records began in 1993 but down on £24.4 billion a year earlier.
Vodafone’s Connected Consumer 2030 report has predicted some major tech advances over the next decade.
In this week’s newsletter: whatever reservations we have about the merger, it’s a chance to bring meaningful, positive change for the people who actually make games
ZURICH (Reuters) -Swiss chocolate maker Barry Callebaut said strong demand for chocolate, in particular from chefs and caterers, lifted its sales in the three months to Nov. 30, allowing it to confirm its mid-term forecasts. Global demand for chocolate confectionery recovered last year, and Barry Callebaut is benefiting from big food groups outsourcing chocolate production and smaller customers such as restaurants and bakeries also turning to it for upmarket chocolate supplies. Sales volumes rose 8.9% to 610,048 tonnes in the first quarter of fiscal year 2021/22, ahead of underlying chocolate market growth of around 3.1%, the world's biggest chocolate maker said in a statement.
LONDON (Reuters) -The British public's expectations for inflation in 12 months' time jumped to a record high in January, according to a monthly survey that will bolster the Bank of England's concerns that the current spike in price growth will prove persistent. Year-ahead inflation expectations in the monthly Citi/YouGov survey, published on Wednesday, surged to 4.8% in January from 4.0% in December, the highest since this series began in 2006 and almost double their long-run average. The official rate of consumer price inflation hit 5.4% in December, its highest since March 1992, and the BoE is widely expected to raise rates on Feb. 3, which would be its second rate rise in less than two months.
STOCKHOLM (Reuters) -Hygiene products group Essity reported a bigger-than-expected drop in fourth-quarter profit on Wednesday and said it planned to further hike prices in the face of record high costs for raw material, energy and distribution. Operating profit at the world's second-biggest maker of consumer tissue fell 34% from a year earlier to 2.75 billion Swedish crowns ($297 million) despite an 11% rise in sales. The Swedish group, which sells consumer tissue such as toilet paper and napkins under a large number of brands including Lotus, Tempo and Vinda, announced plans to raise prices in all product categories and markets this year to compensate for the substantially higher costs.
And what to do about bills you can’t pay right now
Crude oil prices have risen fast over the past year, but could rise even further. These two FTSE 100 stocks would make great buys right now, believes Manika Premsingh. The post Oil could rise to $150 – 2 no-brainer FTSE 100 stocks to buy appeared first on The Motley Fool UK.
Citigroup plans £100m revamp of Canary Wharf tower. US investment bank to refurbish 42-storey building in London Docklands over next three years
(Reuters) -London's FTSE 100 rose on Wednesday with heavyweight mining, energy and banking shares leading gains before the outcome of a U.S. Federal Reserve meeting, while Playtech dropped on reports of a potential breakup. The blue-chip FTSE 100 rose 1.3% with Royal Dutch Shell, Glencore and HSBC Holdings the top boosts to the index. The FTSE 100 has gained 1.3% so far this year, significantly outperforming a 4.4% drop in the wider European stock aggregate, helped by cheap valuations, strong banking and energy gains and a lower exposure to technology stocks.
The pubs group said sales had been rising steadily since the summer but fell back during the festive season.
British Prime Minister Boris Johnson accused the European Union on Wednesday of implementing part of the Brexit agreement covering trade with Northern Ireland in an "insane and pettifogging way", comments Ireland dismissed as unhelpful. "The EU is implementing this in an insane and pettifogging way and we need to sort it out," Johnson told parliament, complaining that the so-called Northern Ireland protocol was stopping some food delivers and other difficulties. Irish Foreign Minister Simon Coveney said the comments were unhelpful as the European Union was bidding to build trust with new lead British negotiator, Foreign Secretary Liz Truss, who took over last month from David Frost.
Google on Tuesday announced a new plan to stop using small files known as cookies to track people's web browsing habits, after its previous proposals were roundly criticised.
LONDON (Reuters) -Budget airline Wizz Air warned its fourth-quarter loss would likely top the 213.6 million euros ($241.2 million) third-quarter hit reported on Wednesday, before an expected recovery takes off fuelled by demand from Britain. European airlines have been on a rollercoaster ride over the last year as governments dropped, and then sometimes reimposed, restrictions that increased both the cost and hassle of travel in a bid to contain waves of the pandemic. CEO Jozsef Varadi told Reuters Wizz Air had cut costs and acquired new landing slots, meaning it was in a stronger position to compete with the likes of Ryanair and easyJet once the long-expected recovery comes.
One of Britain’s most high-profile backers of tech has told investors to keep the faith despite a sell-off in the sector. Baillie Gifford’s US Growth Trust today told shareholders to be brave and keep invested despite volatile markes. Bravery is necessary from both entrepreneurs and investors.
The Treasury Select Committee said it is “deeply concerned” the rises in the National Living Wage were leaked ahead of the Autumn statement.
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