Alcohol duty rise is ‘biggest shake up’ in decades as booze to be taxed by strength August 1, 2023 The price of beer and wine will increase today as part of plans previously set out in the Spring Budget. Chancellor Jeremy Hunt announced the measures as part of the budget back in March, which saw an end to the blanket alcohol duty freeze which was put in place via the Autumn Budget 2020 during [...]
FTSE 100 close: HSBC leaps and BP gives up gains in mixed day for London index August 1, 2023 London’s FTSE 100 kicked lower today after a clutch of mixed results puzzled investors. The capital’s premier index fell 0.43 per cent lower to 7,666.26 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, slipped 0.41 per cent to 19,065.66 points. A set of results [...]
Aston Martin raises £216m to clear debts and bolster EV transition August 1, 2023 Aston Martin said it had successfully raised £216.1m through a share placing scheme this morning, in order to pay down debts that have held back the business over the last few years and bolster its electrification strategy. The luxury marque said that just over 58 million shares had been distributed, raising proceeds of £216.1m at [...]
Brits’ growing taste for Guinness – and price hikes – drive Diageo forward August 1, 2023 Rising sales of Guinness in the UK, and global price hikes and premiumisation, drove drinks giant Diageo forward
BT and Vodafone among 26 EU telecoms giants in new alliance to reduce emissions August 1, 2023 BT and Vodafone have joined a European coalition of 26 telecoms giants in a new alliance to combat their emissions. The Joint Alliance for CSR (corporate social responsibility, includes the major British players BT Group and Vodafone, in addition to giants from across the European continent, such as Deutsche Telekom, and Telefónica. They recently gathered [...]
Crash warning: House prices slump in July as market hits 2009 lows August 1, 2023 House prices have slumped by 3.8 per cent year on year, the latest closely watched figures from Nationwide show, as a season of high interest rates and weak consumer confidence continues to batter the market. The figure is the weakest since July 2009, although it is only slightly lower than the -3.5 per cent recorded [...]
Domino’s Pizza delivers hot half year results as it opens 29 new stores August 1, 2023 Domino’s Pizza Group has benefited from a bleak winter with UK and Ireland stuffed-crust lovers staying in and ordering cheesy slices, as the chain adds more stores around the country. The pizza delivery company has reported a 19.6 per cent rise in revenue to £332.9m, up from £278.3m in the first half year ended 25 [...]
Toyota doubles profits as EV push ramps up August 1, 2023 Toyota Motor Corp nearly doubled its profits in its first quarter results, on the back of strong sales and an improved supply of semi-conductors. The Japanese automaker saw operating profits for the period between April and June rise 94 per cent to 1.2trn yen (£6.12bn), up from 578.66bn yen (£3.15bn) year-on-year. Sales revenues jumped 24.2 [...]
The 90s called: Flip phones forecast to be worth near $50bn by 2027 as analysts watch for an Apple model August 1, 2023 Foldable smartphones are sparking a renaissance of the iconic flip phone from the 90s, with the market forecast to be worth nearly £50bn in the next four years. According to Expert Market Research, the foldable smartphone market reached almost $16.5bn (£12.8bn) in 2022 and is expected to soar to $60bn (£46.6bn) by 2028. Global foldable [...]
Aston Martin to launch £210m share placing to reduce debt August 1, 2023 Luxury carmaker Aston Martin aid on Monday it will launch a £210m share placing to speed up its aim to reduce net leverage. Shareholders, who are represented on board, have committed to subscribe £184m, of which £115m worth of shares will be bought by Yew Tree Overseas, Public Investment Fund, Geely International and Mercedes-Benz AG. The [...]