Sunak says Truss’ cost of living plan ‘won’t touch the sides’ August 8, 2022 Rishi Sunak has launched a fresh attack on leadership rival Liz Truss, saying today that her plan to make tax cuts next month won’t “touch the sides” for families facing a worsening cost of living crisis. Sunak said “bolder action” was required to “protect people from the worst of the winter” amid fresh predictions energy [...]
Unbearable: Victoria crowned noisiest tube line after receiving most complaints August 8, 2022 The Victoria Line was crowned the noisiest on the Transport for London (TfL) network after it received the highest number of complaints from passengers, drivers and people that live nearby. Running from Brixton to Walthamstow, the line received 306 complaints since 2016, 108 of which for the section between King’s Cross and Highbury and Islington. [...]
PwC fined over BT audit failings following discovery of £512m fraud August 8, 2022 The UK’s accounting watchdog today fined PwC £2.5m over claims it failed to properly scrutinize BT accounts following the discovery of a half-a-billion-pound fraud within the telecommunications firm. The UK’s Financial Reporting Council (FRC) said PwC and former partner Richard Hughes failed to treat BT’s management with sufficient professional scepticism following the discovery of a [...]
UK hotel prices through the roof as demand for rooms soars with daily rates and occupancy skyrocketing August 8, 2022 A surge in demand for hotel rooms across the UK is increasingly pushing up daily rates for rooms. As a result, most hotel businesses see their revenues skyrocketing. Occupancy levels in the UK rose 10 per cent from the first quarter of this year to 80 per cent in the second quarter, BNP Paribas Real [...]
Lok’nStore enjoys ‘unprecedented occupancy’ amid revenue jump August 8, 2022 Revenue at Lok’nStore has jumped in the past year, as the storage container company looks to expand. The AIM-listed company is set to open four new stress next year, as self-storage revenue grew more than 17 per cent in the 12-months to 31 July, after prices increased by some 13 per cent. The new sites [...]
Shipping services provider Clarksons posts buoyant profit after ‘supply shortage’ in global fleet August 8, 2022 Shipping services provider Clarkson has posted a profit boost for the first six months of the year, with underlying profit before tax sitting at £42.2m. The London-listed firm saw underlying profit before tax rise some 53.5 per cent in the period. The shipping firm posted £266.7m in revenue for the six months to 30 June, [...]
BP to pay lower taxes than before Covid pandemic despite massive profits August 8, 2022 BP will pay a lower rate of taxes this year than prior to the pandemic, revealed the company's chief financial officer Murray Auchinloss.
Aviva looks to settle investor nerves after share price slide August 8, 2022 Aviva shareholders are braced to see whether the insurance giant can regain some momentum this week after its share price has stalled in recent months to trade no higher than 30 years ago.
Big Four switch: Alliance Pharma hires Deloitte as its new auditor after KPMG resigns August 8, 2022 Alliance Pharma has appointed Big Four giant Deloitte as auditor after the pharmaceutical company’s go-to for six years KMPG resigned. Deloitte will be the company’s auditor until the end of 2022 and will need to be approved by Alliance Pharma’s shareholders to be re-appointed for 2023. It was appointed following a tender process, which KPMG [...]
Joules confirms talks with Next about retail giant acquiring £15m minority stake August 8, 2022 Joules has confirmed weekend speculation that Next is set to acquire a minority stake in the lifestyle retailer for around £15m. Sky News reported at the weekend that the high street staple had been in talks with Joules for several weeks over a deal. Now, Joules has confirmed these discussions are taking place, with talks [...]