“We’ve already seen this movie – how profit and growth has unfolded in the US, China, Europe and Latin America and we’re now seeing that and better in South East Asian markets.” he said in a presentation for investors, in which he compared Grab to “Uber, Doordash plus Ant Financial all in a single app”.
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EasyJet slumps to first annual loss amid pandemic
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EasyJet’s revenues plunged due to government travel restrictions in most of its markets, the airline said.
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The small shops in battle with the retail giants
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Larger independents are showing their agility too. Those who weren’t already trading online have been quick to remedy that,...
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FTSE 100 suffers worst year since financial crisis
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“The factors which worked against the FTSE-100 in 2020 – the pandemic, a deep recession and Brexit – will...
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Warning jailed bankers ruling could hit loan rate
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In a statement, the three founders said: “We deeply regret that, due to a deep misunderstanding by the UK...
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L’Oreal launches make-up recycling across UK shops
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Image copyright Maybelline Cosmetics giant L’Oreal is introducing make-up recycling bins across 1,000 UK stores in an environmental push....
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Economic outlook ‘unusually uncertain’ despite ‘rapid’ vaccine rollout
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“The Bank of England is facing the same cross-currents. Since its previous meeting in February, most developments – notably...
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John Lewis warns more cuts to come as profit rises
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“We’ve got so many customers who shop across the two, love both, and the fact that we’re back to...
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Pret A Manger to cut 3,000 jobs in the UK
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Image copyright AFP Sandwich chain Pret A Manger is to cut 3,000 jobs, or more than a third of...
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