Moonpig Benefits From Winter Virus Disruption: The London Rush
(Bloomberg) -- Here's the key business news from London-listed companies this morning:
Moonpig Group Plc: The card maker upgraded its annual sales expectations for the full year after the omicron coronavirus variant changed customer behavior in late December and January, sending more people online.
- The pandemic will result in a permanent shift to more customers shopping for its products online, the company said, citing trading in February and March as evidence
Crest Nicholson Holdings Plc: The homebuilder will sign a building safety pledge developed by the U.K.'s housing department and members of the sector as part of its response to the Grenfell Tower fire in 2017.
- Signing the pledge is expected to lead to an exceptional charge in its financial statements in the region of £80 million to £120 million
HomeServe Plc: The company's ‘Home Experts' division was profitable this year for the first time, predominantly thanks to Checkatrade, the online directory of vetted and recommended tradesmen that it owns.Â
- Last month, Brookfield Asset Management Inc said one of its funds was considering an offer for HomeServe
Outside The City
Ukrainian president Volodymyr Zelenskiy said he would address the United Nations Security Council today, as a call between top diplomats from Ukraine and China could signal his first talks with President Xi Jinping since Russia's invasion more than a month ago.Â
More than 80 organizations have pulled out of the U.K.'s international LGBTQ conference in June after Boris Johnson dropped a plan to ban so-called conversion therapy for transgender people.
In Case You Missed ItÂ
Twitter CEO hinted at the possibility of an edit button, after Tesla CEO Elon Musk - who was yesterday revealed as the company's new largest shareholder - polled his followers on twitter for the feature.Â
Rishi Sunak's popularity with U.K. grassroots members of the conservatives has slumped in the wake of a Spring statement that was criticized for not doing enough to help Britons with the rising cost of living.
Looking Ahead
Cigarette maker Imperial Brands Plc will report an update tomorrow. Last month, they cut their full year growth outlook and announced a plan to sell their Russian business in the wake of the war in Ukraine. Later this morning, the latest U.K. PMI data will give us an insight into confidence in the services sector, while the latest construction industry confidence data comes out tomorrow.
©2022 Bloomberg L.P.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
