Boosting renewables is the best way to just stop oil, says Octopus Energy boss June 5, 2023 The best way to 'Just Stop Oil' is to accelerate the transition to renewable energy, argued the boss of Octopus Energy Greg Jackson.
Private equity giant CVC drawing up bid for Center Parcs June 5, 2023 Global private equity firm CVC Capital Partners is reportedly drawing up an offer to buy Center Parcs after its current owner Brookfield put the holiday resort chain up for sale last month.
Asos share price leaps after report of £1bn takeover bid June 5, 2023 Asos‘s share price jumped 11.8 per cent this morning after a report emerged yesterday that the struggling retail chain received a £1bn takeover bid from a Turkish retailer backed by Chinese e-commerce giant Alibaba. Trendyol, an up-and-coming fast fashion retailer, was understood to have approached Asos in late December, according to a report in The [...]
New car sales are on the up as supply chain issues ease June 5, 2023 Sales of new cars in the UK increased again last month, new figures out today revealed, marking the tenth successive month of sales growth.
Markets continue to be wary as interest rate meeting looms in coming weeks June 5, 2023 Bitcoin is trading just below $27k this morning, with Ethereum following a similar pattern, holding above $1.8k.
Rosebank delay: Approval for North Sea’s largest undeveloped oil field could drag into summer June 5, 2023 The approval process for the North Sea's largest undeveloped oil and gas could drag on into the second half of the year.
Oil prices rise as Saudi Arabia pledges further cuts at crunch OPEC+ talks June 5, 2023 Oil prices are up on both major benchmarks after Saudi Arabia cut output by another million barrels per day from next month.
Amicorp’s fund services arm will float in London and eyes £100m valuation in boost to the City June 5, 2023 Amicorp’s fund services arm will float on the London Stock Exchange this week with plans to raise $6.47m (£5.21m) in new ordinary shares and scale up its IT operations. The Hong Kong-based global management services group said the official price of the IPO will be revealed following a book building process – with the group [...]
Craft breweries battered by soaring operational costs June 5, 2023 Soaring operational costs and a greater competition between brands have battered the UK’s brewery industry with the number of beer factories going under tripling over the past year. The number of breweries which have become insolvent has risen from 15 to 45 over the last year, new figures out from audit, tax and advisory firm [...]
British businesses mull ‘onshoring’ supply chains in response to soaring costs June 5, 2023 Snags in international supply chains lingering on from the Covid-19 pandemic are steering mid-sized businesses toward bringing their production lines back to the UK, a new survey out last night showed. Research by consultancy BDO found just under 50 per cent of the 500 firms they surveyed are considering “onshoring” as much of their operations [...]