Firms have no choice ‘but to raise prices’ to absorb NI hike January 24, 2022 The looming national insurance tax hike will leave British businesses with no choice “but to raise prices,” a leading business group has warned. Firms will have to pass on the cost of the 1.25 percentage point hike to consumers in a bid to offset severe margin pressure, according to the Institute of Directors (IoD). Nearly [...]
EDF shareholder funds put pressure on French government over energy firm plans January 24, 2022 The supervisory boards of two EDF staff shareholder funds are pushing for clarity over the French government’s plans for the energy giant.
Slump deepens for crypto market as Bitcoin slides below $34,000 January 24, 2022 The crypto market continues to spiral downwards with Bitcoin today shedding five per cent of its value to stand below $34,000.
UK services economy stands strong amid Omicron Plan B assault January 24, 2022 Britain’s services economy has stood strong in the face of the re-emergence of curbs on daily life in a bid to clamp down on the Omicron variant, reveals a closely watched survey released today. IHS Markit’s latest flash purchasing managers’ index (PMI) for the UK services industry came in at 53.3 for January, a marginal [...]
Computacenter expects profits to top £250m amid record order backlog January 24, 2022 British IT firm Computacenter expects pre-tax profits to exceed £250m for the full year amid strong demand for products and services.
Amigo Loans shares slide 40 per cent as lender warns of insolvency risk January 24, 2022 Amigo Loans has warned the company will collapse if a new scheme to pay back customers and restart lending is not approved.
Volkswagen manager fired after raising cyber security concerns January 24, 2022 A senior member of staff at Volkswagen (VW) was reportedly dismissed after raising concerns about the company's payments arm.
Exclusive: Inflexion bolsters green credentials with minority investment in Wood Thilsted January 24, 2022 Inflexionhas strengthened its green credentials with a minority investment in an offshore wind engineering consultancy.
Go Ahead shares remain suspended with results overdue January 24, 2022 The UK's biggest train operator has requested an extension for filing its accounts after a disastrous year for the company.
Planned redundancies drop 86 per cent from pandemic peak January 24, 2022 Businesses are planning far fewer redundancies than they were a year ago amid growing confidence about the UK's economic recovery.