Author: Press Room

Forget the Egg McMuffin. Brits are going crazy for the bacon and sausage buns offered by Greggs, an 85-year-old chain of budget bakeries that just posted its best-ever performance. The company said Tuesday that it had taken 19.6% of the food-to-go breakfast market in the United Kingdom last year — knocking McDonald’s (MCD) off the top spot — and snagged 8.2% of the overall market for takeaway food. That share is at an all-time high and up from 7.7% in 2022. Pre-tax profit also jumped more than 13% last year to a record high of nearly £168 million ($213 million).…

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Last updated: March 5, 2024 10:23 EST | 2 min read Will Wormhole be one of biggest airdrops in crypto history? Wormhole might just be gearing up for one of the biggest airdrops in history.Wormhole is currently trading at around $2.5 in pre-market over the counter (OTC) trades.According to the protocol’s tokenomics paper, there are 1.1 billion W tokens available for immediate trading on listing.At today’s price, that means the airdrop will unlock a heady $2.7 billion in wealth, making it the third largest airdrop in crypto history, according to figures at CoinGecko.But if you’re scanning lines of copy looking…

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An aerospace startup has unveiled the test capsule for its luxury space-tourism experience.Space Perspective’s Neptune will take passengers on a six-hour flight to the stratosphere’s edge.It’s the latest commercial suborbital-flight spacecraft after Virgin Galactic’s and Blue Origin’s. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The latest offering in space tourism promises to be a lot less bumpy.Space Perspective, a Florida-based startup, recently unveiled a test capsule for its new Neptune spacecraft. The Neptune is expected to start carrying passengers into the stratosphere — using a massive balloon instead of…

Salesforce (NYSE:CRM)’s shares have increased 70% in the last year as the company executed well against its growth strategy, announced aggressive stock buybacks and targeted an improved free cash flow profile. The cloud-based software company also released a very solid earnings report for Q4 last week, which easily beat top and bottom line estimates. Shares continue to have upside revaluation potential, in my opinion, as the company rolls out its AI products and is on track to surpass $10B in free cash flow in FY 2025. Shares are not overvalued, in my opinion, and the risk profile remains favorable! Data…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Members of the House of Lords have inflicted their first defeat against Prime Minister Rishi Sunak’s controversial Rwanda asylum bill in a move aimed at ensuring the legislation is fully compliant with domestic and international law.Some 274 members of the UK’s upper house voted for an amendment to the bill, introduced by the Labour Lord Vernon Coaker, with 102 voting against it on Monday.Human rights groups, immigration law experts and the United Nations High Commission for Refugees have all said the legislation…

The Supreme Court on Monday ruled that former President Donald Trump could not be removed from the ballot in Colorado or any other state – a sweeping and historic ruling that brushed aside a lawsuit claiming that he disqualified himself from office because of his actions on January 6, 2021. In a repudiation of the notion that Trump’s actions left him ineligible under the 14th Amendment’s “insurrectionist ban,” a unanimous court ruled that an individual state could not dump the former president from the ballot. But the justices did not say if Trump was in fact an insurrectionist and split…

Stocks fell sharply Tuesday after the consumer price index for January rose 3.1% year over year, down from December’s pace of 3.4%, but more than economists’ expectations for an increase of 2.9%. These stocks made moves Tuesday:  Shopify posted fourth-quarter earnings that beat estimates and guided for growth in 2024. But shares of the e-commerce platform fell 13% after Shopify said it expects operating expenses to rise in the first quarter from the fourth quarter. JetBlue stock soared 22% after activist Carl Icahn disclosed a 9.9% stake in the carrier, calling it an undervalued and “attractive” investment opportunity. Icahn said he has been talking…

Congress is considering a new bipartisan tax package that would expand the child tax credit and restore several business tax breaks, and the plan is to end a controversial COVID-era relief scheme to pay for it. Here’s what you need to know about the employee retention credit, its short history and potential demise. The program was created in March 2020 through emergency stimulus legislation that was aimed at preventing the collapse of the American economy as COVID infections surged across the country. The program offered employers thousands of dollars per employee if companies could prove that the pandemic had harmed…