Retail sales volume fall to 1.3 per cent lower than pre-covid levels as cost of living bites October 21, 2022 Retail sales volumes have plummeted to 1.3 per cent lower than pre-coronavirus levels as rising prices and the cost of living continues to bite. Latest figures from the Office for National Statistics show sales volume on the high street were down by 1.4 per cent in September, though data was impacted by a bank holiday [...]
Deliveroo posts growth in Q3 despite tough consumer environment October 21, 2022 Deliveroo continued to benefit from stable growth in the third quarter of the year, as it looked to expanding its offering across the UK and Middle East. The fast-food delivery giant had year-in-year growth in Q3 with gross transaction value (GTV) per order up six per cent, despite orders being down one per cent, driven [...]
Can carbon capture boost supply security and the UK’s green agenda? October 21, 2022 Carbon capture and storage could provide the UK genuine assistance as it shifts itself from gas to renewables, argues the North Sea sector.
Pressure mounts to save end-to-end encryption cull in online safety laws October 21, 2022 The rallying cry to block new laws that could undermine end-to-end encryption have grown louder today, as free speech groups urge the government to rethink its strategy to online safety. In a fresh call this morning, the Global Encryption Coalition, which includes anonymity network Tor and Open Rights Group, said the online safety bill should [...]
Truss mini-budget boosts Brits’ confidence as experts warn against austerity 2.0 October 21, 2022 Brits’ confidence in their finances and the economy bumped higher in the aftermath of former prime minister Liz Truss’s mini-budget, a closely watched survey published today reveals. Consumer confidence rose for the first time since last November this month, up to minus 47 from a record low minus 49, according to research firm GfK. Optimism [...]
London rents grow by largest-ever amount to an average £2,343 a month October 21, 2022 London rents have grown by the largest-ever amount over the past 12-months, according to property site Rightmove, to an eyewatering average of £2,343 a month. Those living, or looking to live, in the capital are increasingly leaning towards rental properties, as the cost to buy a home rockets. But Londoners are not just being hit [...]
ULEZ 2021 expansion brings additional £100m to TfL coffers October 21, 2022 Last year’s expansion of the ULEZ has brought an additional £100m into TfL’s coffers, according to a research published today. TfL data analysed by the RAC show that 1.9 million journeys were made into the ULEZ, following its expansion to encompass the North and South Circular roads in October 2021. It amounts to £93.6m of [...]
Philip Morris sweetens bid to snap up snus maker Swedish Match October 20, 2022 Philip Morris has sweetened its bid to grab smokeless tobacco specialist Swedish Match, as the cigarette giant makes a desperate push into alternative categories. The Malboro maker has today raised its offer for the nicotine pouch maker to 116 kronor ($10.34) per share from 106 kronor, hoping to finalise the takeover and appease hedge funds [...]
Uniper in need of another cash boost as Germany scraps gas levy October 20, 2022 Uniper is in need of another hefty cash injection after a previous scheme to help finance the ailing importer was scrapped.
EU court adviser throws spanner in the works for telcos consolidation October 20, 2022 A top EU lawyer has undermined hopes of consolidation in the telcos sector after it backed a 2016 ruling that blocked a major £10.3bn merger. It comes after Advocate-General for the EU Court of Justice (ECJ) Juliane Kokott said this morning that a previous ruling involving Telefónica’s O2 and CK Hutchison’s Three, which went against [...]