Arnold Clark: UK car dealership pays founders’ family £67m dividend October 2, 2023 Arnold Clark, one of the UK’s largest car dealerships, has given the surviving family of its billionaire founder £67m worth of dividends, according to the latest Companies House filings. The sum brings the total money the family has taken out of the business to £118m over the last two years and comes after a record [...]
Bitcoin and other cryptocurrencies rally as Solana notches double digit gains October 2, 2023 Bitcoin is up by more than 3% over 24 hours and is trading above $28.3k, while Ethereum (ETH) and most other cryptocurrencies tag along.
London house prices fall 3.8 per cent in third quarter in ‘subdued’ market October 2, 2023 The cost of a home in London has fallen annually by 3.8 per cent in the three months to September, narrowing from a 4.3 per cent fall in the previous quarter, as the housing market shows signs of remaining fairly subdued despite cooling inflation. According to Nationwide’s latest report on the market, house prices were [...]
UK small nuclear competition: Rolls Royce in, Bill Gates snubbed October 2, 2023 Bill Gates' nuclear reactor design company Terrapower has not been shortlisted for the next round of the government's SMR competition.
UK tax climate putting a block on renewable projects, energy boss warns October 2, 2023 The government needs to reduce the tax burden on renewable producers or risk more companies pulling out of projects.
Half a million sole traders could see bankruptcy over the next year, Tide says October 2, 2023 Bankruptcy could be the future for nearly half a million sole traders in the UK over the next year, new analysis of public business data suggests. The research from the business financial platform Tide says energy bills, late payments, and “soaring” prices are to blame for an increase in financial pressure on entrepreneurs. Sales have [...]
Predictions of death of the high street ‘overstated’, says John Lewis October 2, 2023 Predictions of the death of the high street have been “overstated”, John Lewis has said, as it announced its proportion of sales being made online has fallen and store visits are up.
The Notebook: Guy Hands on why the phrase ‘dead as a dodo’ hits different these days October 2, 2023 Today, Guy Hands, founder of private equity giant Terra Firma Capital Partners, takes the Notebook pen Prime Minister Rishi Sunak is correct in saying that previous governments were not honest with the public about the trade-offs required to hit our climate targets. However I don’t agree with how he has dealt with the issue. McKinsey [...]
Let’s ditch the doom and gloom and shout about the reasons to be optimistic October 2, 2023 It can be easy to be overly pessimistic sometimes and slip into doomsday narratives. Extreme climate activists are one such group that have been accused of being overly apocalyptic and failing to ignore the huge areas of progress. Renewable power capacity is growing at a record pace. Solar energy investments are expected to overtake oil for [...]
Victoria Plum sold in pre-pack administration deal to owner of Beds.co.uk October 1, 2023 The owner of Beds.co.uk and furniture seller Cox & Cox has reportedly snapped up Victoria Plum, one of the UKs biggest online bathroom retailers.