The Social Network, the film that depicts the founding of Facebook by Mark Zuckerberg and his Harvard friends, is a compelling drama that also causes viewers idly to speculate: ‘If I’d been able to back this university start-up in 2004, how rich would I be now?’ Facebook is now an $880bn giant. The share price … Read more
Pandemic boom for Asos as profits triple… and fashion giant predicts customers will continue to flock online even after shops reopen By Tom Witherow For The Daily Mail Published: 22:01 BST, 8 April 2021 | Updated: 22:57 BST, 8 April 2021 Asos cemented its status as a lockdown winner as profits more than trebled. In … Read more
Co-op pays bonuses to bosses after profits soar 500% but keeps £66m of taxpayer’s Covid-relief cash By Tom Witherow For The Daily Mail Published: 22:00 BST, 8 April 2021 | Updated: 22:58 BST, 8 April 2021 Co-op chief exec Steve Murrells and other company bosses will enjoy bonuses this year The Co-op will pay bonuses … Read more
Penguin books refuses to hand back furlough cash despite seeing profits soar by a fifth during Covid By Daily Mail City & Finance Reporter Published: 21:53 BST, 5 April 2021 | Updated: 21:53 BST, 5 April 2021 Britain’s biggest publisher has refused to hand back any of the Government’s furlough support even though its profits … Read more
Judith Sheindlin has decided not to move ahead with her $22 million countersuit in her long-running profits battle. The 78-year-old also known as Judge Judy told Deadline that she made her decision because her own network would have to be a defendant. ‘I have been in business with CBS for 20 years,’ said the Brooklyn … Read more
AstraZeneca lost £21 BILLION in profits from selling Covid vaccine cheaply… but the firm ‘wouldn’t do it again’ after attacks from EU over supply issues AstraZeneca sacrificed more than £21bn of revenue with its Covid-19 vaccine The pharmaceutical giant offered its vaccine at a cost of just £3.60 a dose The company has been criticised … Read more
Cineworld shares bombed after it laid bare the effect of months of closures and delayed blockbuster releases since coronavirus struck. The cinema chain, which has 9,300 screens at 767 theatres worldwide, swung to a £2.2billion loss in 2020, down from a profit of £155million the year before. It makes about three-quarters of its sales in … Read more
As the global economy accelerates out of a pandemic-induced slump and to a greener future, there is one thing it is likely to need: metals. They are required in industry and manufacturing, while some are essential for green technology. Such demand is the prime reason why investment house Amati Global Investors has just launched its … Read more
David Britton is a tax partner at accountancy and business advisory firm BDO With the value of some cryptoassets, most notably Bitcoin, rising significantly over the last few months, it is inevitable that people will be curious about the tips and traps when investing. There was a popular misconception that the profit or gains arising … Read more
BUSINESS LIVE: Halfords predicts big profits; Online grocery sales boom; TRG warns of £5.5m monthly cash burn By This Is Money Published: 08:07 GMT, 1 March 2021 | Updated: 10:20 GMT, 1 March 2021 Halfords is on course for profits of £90million to £100million after the pandemic created a boom in cycling among Britons and … Read more