Severfield records bumper profits driven by soaring steel prices November 22, 2022 Severfield has unveiled bumper revenues and profits, powered by soaring steel prices and increased business activity.
Starmer: I can’t do some ‘good Labour things’ for the sake of ‘sound money’ November 22, 2022 Sir Keir Starmer has said his party won’t be able to do some “good Labour things” as quickly as he would like if it wins government as he will need to promote “sound money in our public finances”. Starmer told the Confederation of British Industry’s (CBI) annual conference that Labour under his leadership had become [...]
UK borrowing surges to £13.5bn on energy price cap support November 22, 2022 UK borrowing surged over the last year due to the government partially covering the cost of household energy bills, official figures out today reveal. The UK’s debt pile swelled £13.5bn last month, up more than £4bn compared to October 2021, according to the Office for National Statistics (ONS). Although high, the figure was far below [...]
Kyiv plunged into freezing darkness as the Kremlin targets power supplies November 22, 2022 Ukraine’s capital Kyiv has been plunged into freezing darkness as Russia continues to target its power supplies. President Volodomyr Zelensky spoke to his country last night branding the damage as having been done by “terrorists” from the Kremlin. The war, which began in February, is entering a new phase following Russian retreat from parts of Kherson. [...]
Only 5.8m viewers stuck around for whole England v Iran 6-2 victory November 22, 2022 Only 5.8m viewers stuck around to watch the whole of England’s 6-2 victory against Iran in its World Cup opening match yesterday. According to fresh data from ratings body Barb, the lunchtime match raked in far fewer viewers than the Lions’ opening match back in 2018 at the Russia World Cup, as well as the [...]
UK slumps to bottom of G7 economy league next year, OECD predicts November 22, 2022 The UK economy will languish behind its rich counterparts next year amid a tough inflation surge driven by worker shortages and an “untargeted” energy support package, a new report reveals. Britain’s economy will shrink 0.4 per cent next year, the worst performance of any country in the G7, according to the Organisation for Economic Co-operation [...]
Rail talks collapse as RMT boss promises new ‘phase of sustained industrial action’ November 22, 2022 Brits could be facing more travel chaos in the weeks leading up to Christmas, after a fortnight of talks between a rail union and operating firms broke down. The RMT said negotiations to avert industrial with the Rail Delivery Group, which represents train firms, collapsed on Monday, and that there was “the hand of the [...]
Avon Protection shrinks losses as defence sector floods with cash November 22, 2022 Avon Protection, which makes protection gear for the military, police and fire fighters, has managed to shrink its losses as the defence sector is flooded with government cash. The British company has wound down losses to $2.1m, from nearly $30m a year ago. Avon’s revenue rose 8.6 per cent to $263.5m in the year to [...]
Cost of living crisis shocks AO World as electrical retailer’s losses swell November 22, 2022 Electricals retailer AO World has been shaken by the cost of living crisis sweeping the UK in recent months, as its revenue plunges and losses take hold. The London-listed company had already rolled out a streamlining operation, including shutting up shop in Germany, in a bid to slash overheads and shield revenue from rising inflation [...]
Severn Trent’s turnover booms as it offers 90 per cent discounts on soaring bills November 22, 2022 Water firm Severn Trent had a spike in earnings and profits for the first half of the year, as it offers 90 per cent discounts to customers struggling with their bills. The London-listed utilities firm confirmed a 10.8 per cent increase in turnover from 2021 by up £103.6 million. The company also announced a near [...]