Experts about record $90: Shareholders may face ‘catastrophic levels of value destruction’ if oil price drops January 27, 2022 Based on current surging prices oil giants should think twice about investing in new oil projects or they could risk wasting billions, a new report has warned. The price of Brent crude oil has increased by nearly 40 dollars (£29) per barrel in the last year, and hit 90 dollars (£66) yesterday for the first [...]
Foxtons reports ‘much improved performance’ as profits hit top of expectations January 27, 2022 Foxtons announced it had a much improved performance in 2021 with profit at top end of expectations.
WeTransfer cancels plans for Euronext listing in Amsterdam due to ‘volatile market’ January 27, 2022 WeTransfer announces it will not proceed with its intended listing on Euronext Amsterdam due to market conditions WeTransfer’s parent company, WeRock, said this morning it has decided not to proceed with its intended initial public offering and listing of its ordinary shares on Euronext Amsterdam “due to volatile market conditions, notwithstanding the substantial investor demand [...]
Duke of York’s demand for jury trial is Prince Andrew saying: ‘Bring it on’ January 27, 2022 Legal commentator Joshua Rozenberg has said the Duke of York’s demand for a jury trial is him stating “bring it on”. Experts had predicted Andrew would seek a settlement after the Queen stripped him of his military roles but court documents showed that he has decided to face Virginia Giuffre, who has brought a civil [...]
High Street bank TSB returns to profit thanks to record mortgage lending January 27, 2022 High street bank TSB has revealed it returned to profit in 2021 thanks to record mortgage lending and a bounce back in the wider economy. The Spanish-owned lender posted annual pre-tax profits of £157.5m against losses of £204.6m in 2020. It comes after TSB notched up its highest-ever gross mortgage lending at £9.2 billion for [...]
Trading platform IG hits ‘record’ highs thanks to global expansion January 27, 2022 IG Group reported a record quarter, with net trading revenue up by 16 per cent to £471.9m. The online trading platform reported that profit before tax increased eight per cent to £245.2m, while adjusted profit before tax increased 13% to £258m. Active clients increased 42 per cent to 320,400, reflecting the acquisition of tastytrade. The [...]
Mike Cherry interview: Now is not the time to saddle small businesses with higher taxes January 27, 2022 The pandemic has been a bumpy ride for Britain’s entrepreneurs and small businesses. Trying to navigate the choppy waters of the government swinging between tougher and looser restrictions to tame Covid-19 has been fraught with risk and uncertainty. But, one thing seems for sure: the looming heavier tax burden will weigh heavily on small firms, [...]
M&G gobbles up responsAbility in ethical investment push January 27, 2022 British investment giant M&G has taken a majority stake in sustainable investor responsAbility amid a string of recent takeovers.
INEOS unveils plans to build low-carbon hydrogen manufacturing plant January 27, 2022 INEOS has announced plans to build a low-carbon hydrogen manufacturing plant, and has invited contractors to submit designs for the project.
Appetite for convenience food boosts Greencore revenue by a quarter January 27, 2022 Convenience food maker Greencore saw robust revenue growth in the latest quarter driven by a strong appetite for food to go.