Barclays hit with £50m fine over ‘reckless’ financial crisis fundraising October 21, 2022 The City watchdog said it will fine Barclays £50m today for failing to disclose fees paid to Qatari investors as it scrambled for emergency cash during the 2008 financial crisis.
London Stock Exchange Group beats analyst estimates with £1.9bn income October 21, 2022 The chief of the London Stock Exchange Group said its “strategy is working” today as it reported a 16.2 per cent rise in income and doubled down on its profit targets.
Wickes reports sales growth ahead of winter dominated by rising energy costs October 21, 2022 Home improvement giant Wickes announced a boost in sales ground in the third quarter, as it looks to maintain “rigorous control” of costs ahead of a choppy winter. The retailer registered like-for-like sales growth of 2.6 per cent in the last three months, down from 5.4 per cent on the second quarter, but recovered from [...]
Retail sales volume fall to 1.3 per cent lower than pre-covid levels as cost of living bites October 21, 2022 Retail sales volumes have plummeted to 1.3 per cent lower than pre-coronavirus levels as rising prices and the cost of living continues to bite. Latest figures from the Office for National Statistics show sales volume on the high street were down by 1.4 per cent in September, though data was impacted by a bank holiday [...]
Deliveroo posts growth in Q3 despite tough consumer environment October 21, 2022 Deliveroo continued to benefit from stable growth in the third quarter of the year, as it looked to expanding its offering across the UK and Middle East. The fast-food delivery giant had year-in-year growth in Q3 with gross transaction value (GTV) per order up six per cent, despite orders being down one per cent, driven [...]
Can carbon capture boost supply security and the UK’s green agenda? October 21, 2022 Carbon capture and storage could provide the UK genuine assistance as it shifts itself from gas to renewables, argues the North Sea sector.
Pressure mounts to save end-to-end encryption cull in online safety laws October 21, 2022 The rallying cry to block new laws that could undermine end-to-end encryption have grown louder today, as free speech groups urge the government to rethink its strategy to online safety. In a fresh call this morning, the Global Encryption Coalition, which includes anonymity network Tor and Open Rights Group, said the online safety bill should [...]
Philip Morris sweetens bid to snap up snus maker Swedish Match October 20, 2022 Philip Morris has sweetened its bid to grab smokeless tobacco specialist Swedish Match, as the cigarette giant makes a desperate push into alternative categories. The Malboro maker has today raised its offer for the nicotine pouch maker to 116 kronor ($10.34) per share from 106 kronor, hoping to finalise the takeover and appease hedge funds [...]
Uniper in need of another cash boost as Germany scraps gas levy October 20, 2022 Uniper is in need of another hefty cash injection after a previous scheme to help finance the ailing importer was scrapped.
EU court adviser throws spanner in the works for telcos consolidation October 20, 2022 A top EU lawyer has undermined hopes of consolidation in the telcos sector after it backed a 2016 ruling that blocked a major £10.3bn merger. It comes after Advocate-General for the EU Court of Justice (ECJ) Juliane Kokott said this morning that a previous ruling involving Telefónica’s O2 and CK Hutchison’s Three, which went against [...]