Dealmaker’s Spotlight: Hannam & Partners November 22, 2022 | City Talk Datasite recently spoke with Sam Merlin, Partner at Hannam & Partners, to hear his thoughts and insights on the energy sector and what lies ahead for the market and dealmaking. Hannam & Partners is a leading independent investment bank with expertise across the energy, mining, and financial services sectors. Owned by its partners, Hannam & Partners [...]
Energy boss calls on suppliers to offer innovative solutions to survive November 22, 2022 Energy suppliers have to offer creative options to customers if they are to survive, argued the boss of Utility Warehouse.
FTX bankruptcy team finds more than £1bn across Bankman-Fried’s crypto empire November 22, 2022 The team overseeing the bankruptcy of collapsed crypto exchange FTX has managed to located more cash held by Sam Bankman-Fried’s sprawling crypto empire, bringing the total to $1.24bn (£1.04bn).
FCA calls on credit raters to boost checks amid unaffordable loan fears November 22, 2022 The UK’s financial watchdog has called on credit rating firms to boost their credit checks on customers today amid fears that lenders are dishing out loans to borrowers based on patchy information.
Chancellor’s R&D tax relief cut for startups jeopardises UK innovation funding November 22, 2022 Most of the UK’s spending on research and development (R&D) hangs on the shoulders of businesses, leaving a sour taste in the mouths of startups following the Chancellor’s latest budget. The business sector contributed £44bn – the equivalent of 71 per cent – of R&D funding in 2020, followed by universities, which pumped in £13.9bn, [...]
Severfield records bumper profits driven by soaring steel prices November 22, 2022 Severfield has unveiled bumper revenues and profits, powered by soaring steel prices and increased business activity.
Avon Protection shrinks losses as defence sector floods with cash November 22, 2022 Avon Protection, which makes protection gear for the military, police and fire fighters, has managed to shrink its losses as the defence sector is flooded with government cash. The British company has wound down losses to $2.1m, from nearly $30m a year ago. Avon’s revenue rose 8.6 per cent to $263.5m in the year to [...]
Cost of living crisis shocks AO World as electrical retailer’s losses swell November 22, 2022 Electricals retailer AO World has been shaken by the cost of living crisis sweeping the UK in recent months, as its revenue plunges and losses take hold. The London-listed company had already rolled out a streamlining operation, including shutting up shop in Germany, in a bid to slash overheads and shield revenue from rising inflation [...]
Severn Trent’s turnover booms as it offers 90 per cent discounts on soaring bills November 22, 2022 Water firm Severn Trent had a spike in earnings and profits for the first half of the year, as it offers 90 per cent discounts to customers struggling with their bills. The London-listed utilities firm confirmed a 10.8 per cent increase in turnover from 2021 by up £103.6 million. The company also announced a near [...]
Ofgem: Five suppliers have ‘severe weaknesses’ in treating vulnerable users November 22, 2022 Five UK energy suppliers have severe weaknesses in how they handle of vulnerable customers, according to the latest report from Ofgem.