Langton Capital – 2022-12-21 – Energy support, strikes, supply issues, Drake & Morgan, Twitter etc.:
Energy support, strikes, supply issues, Drake & Morgan, Twitter etc.:A DAY IN THE LIFE: A smattering of people around in the City of London on Monday & Tuesday. Likely today will be quieter still with even those who’ve made the effort to come into work pulling up stumps and retiring to the shires and the suburbs for the thick end of a fortnight. Shortest day today. What little bit of news-flow there was earlier in the week now seems to have dried up almost entirely. Nonetheless, but let’s move on to what there is of it. LANGTON EMAIL: The Free Email is now written in short form. Extended versions of many stories (after the ellipses) are in the Premium Email. Reply to this email if you would like to upgrade. Prices for the Premium at time of writing are £345 for one subscription, £595 for multiple, both plus VAT. Or sign up for easy in, easy out monthly option HERE https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=87YUG2Z5W7PSN PUBS & RESTAURANTS: Energy support: Kate Nicholls, CEO of UKHospitality, has stated that the delay to the announcement of post-April energy bill support from the government was disappointing. Nicholls said businesses are facing ‘daily changing rates and contract decisions in January’ and that they need certainty in order to plan for the year ahead. • See premium. Reply for sample or to upgrade. Single £345, multiple £595. Limited time offer: PayPal monthly £25 + VAT. Easy in, easy out. More train strikes: Train drivers who are members of the Aslef union will strike on 5 January, which in combination with the RMT strikes on 3-4 and 6-7 January means there will be 5 straight days of rail disruption… Other news: Ocado data shows that sales of no- and low-alcohol products have stepped up ahead of Christmas as the number of Brits going alcohol-free over the festive season increases by 10%… Supply issues Brexit red tape, costs & delays. Jacob Rees-Mogg has been told by a member of the Question Time audience that importing wine has become more difficult post Brexit… • See premium. Reply for sample or to upgrade. Single £345, multiple £595. Limited time offer: PayPal monthly £25 + VAT. Easy in, easy out. In the US, Datum FS suggests that supply problems should moderate next year… • See premium. Reply for sample or to upgrade. Single £345, multiple £595. Limited time offer: PayPal monthly £25 + VAT. Easy in, easy out. Healthier eating? Just Eat reports that healthy food options have increased in popularity in 2022, with smoothies and soups up by 83%, sushi by 50% and salads up by 49%. However, chips lead the way as the most popular takeaway side order of 2022. Just Eat for Business reported that almost a quarter of total orders are now vegan and vegetarian. COMPANY NEWS: Bar-restaurant operator Drake & Morgan saw revenue of £35.9m for the year ended 27 March 2022, up from £5.2m in the heavily-disrupted prior period. The London-based bar & restaurant group posted adjusted EBITDA of £5m and the adjusted pre-tax loss was £1.4m, down from £19m the year before. • See premium. Reply for sample or to upgrade. Single £345, multiple £595. Limited time offer: PayPal monthly £25 + VAT. Easy in, easy out. HOLIDAYS & LEISURE TRAVEL: Heathrow expects business travel to account for a higher share of its traffic in 2023, with business travellers making up 21.5% of its total passenger traffic in Q3 2022 vs 28% in 2019. Croatia is to adopt the Euro from New Year’s Day. The country is also to join the Schengen area of free movement. OTHER LEISURE: After losing an unrestricted Twitter poll to remain as CEO, Elon Musk has now declared that any polls regarding changes to company policy can now only be voted on by accounts with blue ticks. To get a blue tick users must pay £8 per month to Twitter. Elon Musk has now said that he will step down as chief executive of Twitter once he finds a replacement… • See premium. Reply for sample or to upgrade. Single £345, multiple £595. Limited time offer: PayPal monthly £25 + VAT. Easy in, easy out. FINANCE & MARKETS: The Insolvency Service has reported that businesses within the construction sector are now failing at the fastest rate in a decade. It says the number of company insolvencies overall is now at a 13-year high. Sterling up at $1.2166 and €1.1455. Oil price up at $80.32. UK 10 year gilt yield up 13bps at 3.60%. World markets mixed yesterday. London set to open up around 34pts as at 6.30am. RETAIL WITH NICK BUBB: • See premium. Reply for sample or to upgrade. Single £345, multiple £595. Limited time offer: PayPal monthly £25 + VAT. Easy in, easy out. |
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