MPs sound the alarm as number of women in British prisons simply refuses to come down July 26, 2022 The Government’s lack of progress in cutting the number of women in prison has come under fire by various MPs. In fact, there are fears this could rise by more than a third in the next three years. The Commons Justice Committee said there has not yet been “significant” change in addressing problems when holding [...]
Homeowners on edge as inflation and interest rates rise: What is next for UK mortgage rates? July 26, 2022 Many people up and down the country will be feeling the financial strain of the cost-of-living crisis, and this’ll only add more pressure on the monthly budgets of millions of UK mortgage homeowners and of those currently looking to buy. With the Bank of England’s base rates having risen to 1.25 per cent in June [...]
UK voters’ concerns on inflation reach highest level in four decades July 26, 2022 UK voter worries on inflation are at their highest since the 1980s as the country faces a severe cost of living crisis and prices of essentials surge. The July 2022 Ipsos Issues Index by research company Ipsos showed that 45 per cent of adults in the UK view inflation as one of the most pressing [...]
BP veteran Tufan Erginbilgic secures Rolls-Royce’s top job as Warren East departs after eight years July 26, 2022 Former BP executive Tufan Erginbilgic has been named as the new chief executive of engine maker Rolls-Royce, succeeding outgoing boss Warren East. The group said Erginbilgic will take on the role on January 1 next year. It comes after East announced in February that he planned to leave at the end of 2022 after eight [...]
Drax’s profits surge as high energy prices bolster power plant operator’s earnings July 26, 2022 Power plant operator Drax Group today said its pre-tax profits for the first half of 2022 were almost four times higher than its pre-tax profits for the same period in 2021, after high electricity prices bolstered the Yorkshire firm’s business. The North Yorkshire company – that operates the coal and biomass fired Draw Power Station [...]
Chief Financial Officers should step up and take a more active role in leading their businesses, new report says July 26, 2022 Company Chief Financial Officers (CFOs) should take a more active role in guiding the businesses they run through times of uncertainty, according a new report Big Four accounting firm Deloitte and cloud computing company Anaplan. The report warns that CFOs perception of themselves and their own roles fails to match the perceptions of others, as [...]
Scorching summer boosts grocery sales but volumes dip amid cost of living crunch July 26, 2022 Total till grocery sales were elevated this month as sweltering summer temperatures encouraged shoppers to spend more at the supermarket. According to NielsenIQ data, total till grocery sales were up 4.4 per cent in the four weeks to 16 July, with sales up 5.6 per cent in the last week when scorching weather started. Price [...]
Catering company Compass Group posts strong revenue growth across all regions July 26, 2022 Contract caterer Compass Group today said its underlying revenues for the three months running up to June were up by 43.4 per cent compared to the previous year, on the back of strong growth across all regions and sectors of its business. The growth saw the food service company’s revenues jump beyond levels seen before [...]
DIY giants Wickes posts growth in first half but cautious of softening sales and worrying outlook July 26, 2022 Home improvement giant Wickes registered strong sales for the first half of 2022, but has reined in its expectations for the second half due to economic uncertainty. The Northampton-based company had sales growth of 5.5 per cent in the first six months of this year, with progress in its score revenue and ‘Do It For [...]
Warhammer maker Games Workshop posts ‘astonishing year’ as sales and profits surge July 26, 2022 Core revenue for Warhammer maker Games Workshop climbed 9.5 per cent this year to £386.8m as hobbyists flock to their games.