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In the last two years Deliveroo has grown its active customer base from 3.6 million to eight million.
Britons splashed out on a bumper Christmas, results from the country's biggest retailers show, treating themselves to upmarket food, drink and clothes before the sober reality of surging prices hits home in 2022. Following is a summary of what major retailers have said so far about their performance over the holiday season. Britain's biggest retailer raised its profit outlook for the second time in four months as it reported a rise in Christmas sales despite a tough comparative with 2020 when spending was boosted by a COVID-19 lockdown.
European stock markets mainly fell Thursday with sentiment jarred by sliding shares on Wall Street, which was rocked by surging global inflation and the prospect of rising interest rates.
Marks & Spencer has written to Boris Johnson urging him to use new technology to end physical border checks in Northern Ireland.
The food delivery giant's share price rose 2.4% as it reported as 36% rise in gross value of Q4 orders.
Most will end up paying an extra £3.50 a month – or £42 annually – on average for phone and broadband bills.
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With many more customers now opting for online fashion shopping instead of the high street, Andrew Woods investigates whether ASOS or boohoo is a better growth stock for his portfolio. The post ASOS or boohoo – which is a better growth stock? appeared first on The Motley Fool UK.
A years-long saga over tech firms transferring data from Europe to the US re-erupted on Thursday, days after Austrian officials slapped down Google for failing to respect EU privacy rules.
Influential British fund manager Terry Smith attacked Unilever's failed 50 billion pound ($68.2 billion) bid for GSK's Consumer Health assets as a "near death experience" and urged Unilever management to focus on strengthening performance. In a letter to investors of his Fundsmith vehicle, now the 13th biggest Unilever shareholder, Smith criticized Unilever for failing to openly communicate the benefits of the deal and its "penchant for corporate gobbledegook as substitute for effective action."
Global education group Pearson raised its full-year profit forecast on Wednesday in a boost to management efforts to restructure the business and expand into areas including workforce training, qualifications and assessment. The British company has endured a turbulent pandemic, lifted by online learning demand and stymied in October when a surge of the Omicron variant and a tight U.S. labour market deterred students from enrolling at community colleges. Under the leadership of former Disney executive Andy Bird it has sought to broaden its approach beyond traditional education outlets, selling directly to consumers via its Pearson+ app and to businesses looking to train staff.
Our writer explains why he reckons this UK share could perform well in future and what makes him consider adding it to his ISA. The post 1 UK share I’d buy in my ISA for 2022 appeared first on The Motley Fool UK.
Shares of Tesco are up by double-digits in the last 12 months, but can this momentum continue throughout 2022? Zaven Boyrazian investigates. The post What could happen to Tesco shares in 2022? appeared first on The Motley Fool UK.
Domestic politics did not hurt sentiment, although Prime Minister Boris Johnson was fighting to save his premiership amid a deepening revolt inside his party over a series of lockdown parties in Downing Street. "If anything, there is a risk of the BoE disappointing the market by acting less decisively" at its February meeting, Commerzbank analysts said, adding “a lot has already been priced in” in terms of future rate rises. “Unsurprisingly, political risk has not damaged GBP, where the focus remains squarely on whether the BoE hikes 25bp on February 3,” ING analysts said, adding they “continue to favour EUR/GBP drifting to the 0.8270/80 area.”
US stocks reversed course in Wednesday's trading session, ending lower for the second day amid rising oil prices and fears that the Federal Reserve will have to move more aggressively to contain inflation.
The Swiss National Bank should not alter its expansive monetary course until Switzerland's post-pandemic recovery is firmly established, the Organisation for Economic Cooperation and Development (OECD) said on Thursday. The Swiss economy has emerged relatively unscathed from the COVID-19 crisis, the OECD said in its latest survey, although it added that some sectors had been hard hit and uncertainties remained high. The SNB helped companies and banks during the crisis by rolling out an emergency loans guarantee scheme.
‘I’m not getting through the month’: five Britons on the cost of living crisis. People who are feeling the pinch explain how their expenses are stacking up
Electric vehicle (EV) battery startup Britishvolt has secured UK government backing for a battery plant in northern England, enabling 1.7 billion pounds ($2.31 billion) in private funding and boosting national efforts to build zero-emission cars. Logistics real estate investor Tritax and investment firm abrdn plc will provide the private funding for a 30 gigawatt-hour (GWh) plant in Blyth, Britishvolt said on Friday. The government will deliver its finances through its Automotive Transformation Fund.
People trying to get on the property ladder in some places face spending more than 10 times their annual salary on average.
Burberry’s shares have managed a gain of just 1% over the last year, as compared to a hike of almost 13% for the wider FTSE100.