UK will have to spend £9bn more in foreign gas if it fails to ramp up heat pumps June 8, 2023 A lack of government ambition in ramping up the installation of heat pumps, will force the UK to spend a further £9bn on extra gas imports.
Patriots review, Noel Coward Theatre: An uncomfortably prescient examination of Putin June 8, 2023 Patriots review and star rating: ★★★ There’s an uncomfortable contemporaneity about Peter Morgan’s Patriots, whichfirst opened at the Almeida last July. It takes Putin as its subject and in the nearly twelve months since its premiere, the dictator has been responsible for the deaths of around 9,000 unarmed Ukrainian civilians; many thousands remain in asylum [...]
Vodafone and Three days away from announcing a UK merger June 7, 2023 Vodafone and the owner of Three network, CK Hutchison, will announce a long-anticipated merger that will see them become the UK’s biggest mobile operator, according to reports. Talks are now in the final stage and an announcement is expected “as soon as Friday or early next week”, according to reports from Reuters. The new company [...]
Energy industry backs Ofgem’s net zero role in bid to ramp up renewables June 7, 2023 The energy sector has broadly welcomed the government's move to expand Ofgem's remit and legally require the watchdog help drive the UK towards net zero carbon emissions over the next three decades.
Sales surge for Zara owner Inditex as shoppers update summer wardrobe June 7, 2023 Zara owner Inditex reported a 16 per cent uptick in sales in its spring and summer collection, as the fashion giant’s new trends continue to lure in shoppers despite the cost of living crisis. Inditex, which is the world’s biggest fashion retailer, racked in €1.2bn (£1.03bn) in net profit in the first quarter of the [...]
Jimmy Choo: The shoes I still haven’t designed, and my fight to save London’s creative industry June 7, 2023 The name Jimmy Choo might remind you of Carrie Bradshaw’s shoe infatuation on Sex and the City – “No!” she cried in one episode, dropping her stilettos off the edge of the Staten Island Ferry. “My Choos!” What it’s unlikely to remind you of is the City of London. But Jimmy Choo has always lived [...]
Asos suppliers cut ties amid struggling share price and profits June 7, 2023 Asos suppliers have reportedly begun to cut ties with the struggling fashion website following a move by credit insurers to pull cover amid falling profits, in a fresh knock of confidence for the brand. Leading creditors at Allianz Trade, formerly Euler Hermes, withdrew cover for suppliers last month, according to The Times, due to a [...]
Bitcoin and Ethereum claw back losses in wake of SEC action over Binance and Coinbase June 7, 2023 Bitcoin has clawed its way back to start the day at just under $27k - up more than 4% over 24 hours, with Ethereum up 3%.
Long-time Diageo boss Sir Ivan Menezes dies aged 63 June 7, 2023 Sir Ivan Menezes, the long serving chief of drinks giant Diageo, has died aged 63, following a short illness. The Indian-born business leader passed away days after he was rushed into hospital for emergency surgery, for medical issues including a stomach ulcer. Menezes joined Diageo at its creation in 1997 and held many senior positions [...]
FTSE 100 close: Markets close lower as housebuilders weigh on index June 7, 2023 Strong morning bumps for Primark-owner Associated British Foods and BT were offset by a slump for housebuilders today as the FTSE 100 closed marginally lower. A slump in trading for housebuilders kept movement on London’s flagship index subdued, with the index closing lower. Housebuilders were down after figures from Halifax showed a first annual fall [...]