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Sky News
Royal Mail rewards investors with £400m payday after COVID boost to parcels
Royal Mail is to hand shareholders a £400m reward after its parcels business benefited from a surge of online orders during the coronavirus crisis.The company announced a share buyback of £200m and £200m special dividend while revealing a leap in half-year group profits on the back of a 7% rise in revenue to just above …
Business
Euro News
Beaujolais Nouveau: Banana-flavoured bargain or blight on a serious winemaking region?
Business
Euro News
Bitcoin and other cryptos have slumped after record highs. Is market manipulation the reason why?
Business
Evening Standard
Pret USA reveals brand facelift playing up chain’s ‘London touch’ to Americans
Pret has unveiled a rebranding for its US coffee shops that emphasises the chain’s London “touch” in a bid to appeal to American consumers’ love of the capital. Pret’s American cafes will soon be fitted out with the new “Pret: London 1986” logo. Bosses said the new logo aims to “champion” the brand’s London heritage.The …
Business
Sky News
Greggs vegan sausage roll hit by supply chain disruption
Greggs has admitted that its vegan sausage rolls are being hit by supply chain disruption.The bakery chain had already acknowledged that it was not immune to the economy-wide problems getting goods to shelves, but boss Roger Whiteside declared last month that “the sausage roll is safe”. But now, in response to a query from the …
Business
Evening Standard
UK inflation: Cost of living blow as prices surge
Millions of families were today warned of a “painful” cost of living squeeze over the winter after the rate of inflation surged to its highest level for a decade.The Consumer Prices Index — the headline measure of inflation — jumped from 3.1 per cent to 4.2 per cent in October, more than twice the Bank …
Business
Euro News
Staples Center is changing its name to Crypto.com Arena in the biggest naming rights deal in history
Business
Sky News
Early Revolut investor Balderton plots stake sale after value hits $33bn
One of the earliest investors in Revolut is plotting the sale of a stake that could net it a windfall running into hundreds of millions of dollars.Sky News has learnt that Balderton Capital, one of Europe’s leading venture capital investors, has hired bankers to offload at least part of its holding in the digital bank. …
Business
Evening Standard
Amazon to ban Visa credit cards in the UK from January
A row broke out between Amazon and Visa today over the use of credit cards on the internet giant’s website.Amazon today said it would stop taking payments from Visa credit cards issued in the UK, citing the high cost imposed by the card company.An email to customers said: “Starting 19 January, 2022, we will unfortunately …
Business
Sky News
Amazon to stop accepting payments using UK-issued Visa credit cards
Amazon says UK customers will not be able to pay for goods using a Visa credit card from January, blaming a “high cost of payments”.The online retail powerhouse emailed customers on Wednesday morning to confirm the move would take effect from 19 January and clarified that no other credit cards, or Visa debit cards, would …
Business
Sky News
McColl’s shares fall by a third as retailer warns on product availability
McColl’s, the convenience store chain, has seen its shares plunge by up to a third to hit record lows after it warned that weak product availability would hit annual profits.The company, which has a network of 1,265 convenience stores and news agents across Britain, said a shortage of lorry drivers and insufficient supply of key …
Business
Evening Standard
UK inflation soars to 4.2% putting pressure on the Bank of England to shove up rates
Inflation soared in the last month, putting further strain on family finances and making an increase in interest rates before Christmas look like a racing certainty.The City has been concerned for months that the Bank of England is too lax about inflation. The Threadneedle Street rate setters insist inflation will peter out next year.Today’s figures …

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