Close Brothers profits tumble 18 per cent amid trading slowdown September 27, 2022 Merchant banking group Close Brothers saw profits shrink by 18 per cent in the year to July as its Winterflood business was hammered by volatile markets and a slowdown in trading activity.
Yu Group navigates choppy waters to boost supplier business September 27, 2022 Yu Group has eased its way through the volatility energy market and vastly ramped up the scale of its business.
North Sea body backs easing climate rules for oil and gas amid green fury September 27, 2022 Offshore Energies UK has supported the scrapping of scope three emissions requirements for new oil and gas exploration.
Exclusive: Entertainment and media firms hold nerve against economic instability September 27, 2022 UK entertainment and media firms are holding their nerve against a backdrop of economic turmoil, opting for digital investment over cuts. While there is short-term uncertainty in the market, confidence and growth can be seen in the long-term direction of the entertainment and media (E&M) industry, according to a new report from PwC. The big [...]
China in grip of debunked coup rumours as Xi Jinping house arrest reports grow with all eyes on General Li Qiaoming September 27, 2022 Social media across China and the rest of Asia continues to be in overdrive today as persistent rumours that president Xi Jinping has been removed in a coup refuse to die down. Local and regional media speculate China’s long-standing leader was removed when he was away in Samarkand while attending the recent SCO summit, on [...]
Oxford Street to slash ‘opening hours’ for Christmas lights amid energy crisis September 27, 2022 Oxford Street will lower its energy usage by two-thirds this Christmas as it lights up for the festive season. Amid the ongoing energy crisis, London’s famous light display is brightening the street with energy-efficient LED bulbs and reducing its operating hours this year. The switch on, taking place on 2 November, will illuminate the sky [...]
EV switch under threat from uneven roll out and rising energy prices September 27, 2022 Over the last few years, an increasing number of Brits have joined the green car revolution and switched to electric vehicles (EVs). There are currently over 900,000 electric cars in the UK – up from less than 4,000 a decade ago, according to data from the RAC. While this only represents 4.5 per cent of [...]
Starmer says Labour is ‘party of the centre-ground’ as he vows to ‘fight Tories’ on economy September 26, 2022 Sir Keir Starmer will tomorrow say Labour is now the “party of the centre-ground” and will vow to “fight the Tories on the economy”. The Labour leader will say during his party conference speech in Liverpool that he stands for “sound money” and that he will “turn the UK into a growth superpower” if elected [...]
Khan says ‘it is my intention to run and win’ third term as London mayor September 26, 2022 Sadiq Khan has emphatically said it is “still very much my intention to run and win a third term” as London mayor in the latest indication he will try for a historic third election victory. Khan said during at a Labour conference fringe event in Liverpool that he believed in “the London promise” of social [...]
Analysis: Pound slump is bad, but UK bond market is carnage September 26, 2022 Focus on the pound today was understandable, from a media perspective. “Pound tumbles to record low against US dollar” is a great headline. Analysts at investment bank Nomura said sterling may plunge to $0.95 in the first three months of next year. Blimey. But, it’s the turmoil in the UK bond markets that was the [...]