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Next continues to profit after M&S cyber-attack
Posted onFashion brand Next has continued to see sales overperform, following a boost in the aftermath of a cyber-attack at rival firm M&S. The British retailer reported a stronger-than-expected 10.5% increase in full-price sales for its third quarter on Wednesday and raised its full year profit guidance for the fourth time in eight months. Next is…
Spat deepens between Elon Musk and Ryanairs OLeary
Posted onElon Musk has suggested he could buy Ryanair and called for its chief executive to be fired amid a deepening spat between the pair. The budget airline on Tuesday branded the Tesla chief executive an “idiot”, and used the extraordinary row to promote its January sale. Musk and Ryanair boss Michael O’Leary have been trading…
Covid Inquiry to probe furlough and business loans
Posted onThe third stage of the Covid-19 Inquiry begins hearing evidence on Monday focusing on the measures taken to support workers’ incomes and keep businesses afloat when the pandemic struck. It will focus on what action the UK government, devolved administrations in Scotland, Wales and Northern Ireland, and local authorities took, how well schemes were designed…
Netflix boss defends Warner Bros bid ahead of Paramount deadline
Posted onNetflix has offered $27.75 a share, or $82.7bn (£61.2bn) in total, for Warner Bros’ studio and streaming networks – including brands such as Warner Bros, New Line Cinema, and HBO Max – leaving the rest of the firm to be spun off as an independent company.
