‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Ofgem places the cost of supplier failures on to standing charges August 18, 2022 Ofgem has opted against shifting the costs of supplier failures to unit rates, and has instead kept them on standing charges.
China to prop up coal power plants as heatwave drives up demand August 18, 2022 China has offered support for its coal power plants to maintain electricity supplies, as demand for energy surges amid an extreme heatwave.
Mecca owner Rank warns of ‘challenging’ road ahead amid inflationary pressure August 18, 2022 Mecca owner Rank has warned of a "challenging" road ahead this morning, as the gambling giant faces inflationary pressure and dwindling demand.
Germany will struggle to reach gas storage target warns energy chief August 18, 2022 Germany will struggle to reach its November targets for gas storage levels this winter, warned the country's energy regulator.
Charity boss CV fraudster must pay back 15 per cent of salary, Supreme Court says August 18, 2022 A charity chief executive should be forced to repay almost £100,000 of his more than £640,000 annual salary following the discovery he lied on his CV to get the job, the Supreme Court has said. The verdict saw the Supreme Court take a “middle way” approach in ruling that former St Margaret’s Hospice chief executive [...]
Almost half of teens looking to enter business instead of going to uni August 18, 2022 In a bid to avoid being laden with debt, 45 per cent of teens are considering not to go to university and instead start up their own firms. As students receive A-Level grades today, more 16-19-year-olds are considering not going into higher education, and pursuing a career instead, according to research from GoDaddy. This morning [...]
Gaming giant Embracer snaps up Lord of the Rings rights in bargain deal August 18, 2022 In a clear defiance to the slowing M&A landscape, Embracer Group has snapped up the intellectual property rights to The Lord of the Rings and The Hobbit literary works, as well as five other firms in a £645.7m deal.
Downing tools: Investors pile into bets against B&Q owner as DIY boom slows August 18, 2022 The troubled owner of retailer B&Q has become the most shorted stock on the London Stock Exchange this week as two top investors revealed hefty bets against the firm.
A City super-regulator’s benefits are not immediately obvious August 18, 2022 The greatest compliment a football fan can ever give a referee is that they ‘let the game flow’ and try to avoid blowing their whistle except when absolutely necessary. Financial regulators sit broadly within the same definition. So it is with some regret that just a few years after we went through a post-crisis reorganisation [...]
Company behind P&O Ferries sackings announces first-half profit of £600m August 18, 2022 DP World, the global port operator which was slammed for its decision to sack 800 P&O Ferries workers earlier this year, announced record first-half profits. The logistics firm registered first-half profit of $721m (£598m). The Dubai operator came to UK prominence when P&O Ferries, which it owns, dismissed 800 workers in March – with the [...]