Clarkson delivers 19th consecutive year of growth as profit up 55 per cent March 7, 2022 Integrated shipping services giant Clarkson has delivered its 19th consecutive year of growth, registering a 55.3 per cent surge in profit. In the year ended 31 December, the group reported an underlying profit before taxation of £69.4m, with earnings per share going up 56.2 per cent to 165.6p. “Our record 2021 results are testament to [...]
‘Appalling’ war prompts Linklaters to pull out of Russia and close down its entire Moscow office after 30 years March 7, 2022 Legal giant Linklaters confirmed to City A.M. it is closing down its entire Russian operations, after a presence of more than three decades. In an email, the Magic Circle law firm said that, after careful consideration and “as the appalling war in Ukraine continues, we will wind down our operations in Russia and close our [...]
AstraZeneca injects further £100m in Cambridge research centre March 7, 2022 AstraZeneca injects another £100m over budget to complete its Cambridge-based research and development centre. The Discovery Centre, or the ‘Disc’ as it is also known, was formally unveiled in November by Prince Charles and business secretary Kwasi Kwarteng. According to The Times, the site has cost the vaccine-maker £1.1bn, which is more than three times [...]
Exclusive: Energy crisis needs crisis measures argues Octopus chief executive Greg Jackson March 7, 2022 Octopus boss Greg Jackson has called for long term reforms to the energy market alongside short term moves to protect consumers.
British Gas the worst firm for customers from bust suppliers March 7, 2022 Missing credit balances, billing delays and poor communication have defined customer experiences during the supplier of last resort process.
US hints at sanctions on Russian oil March 7, 2022 A senior US official yesterday dangled the prospect of a worldwide ban on Russian oil imports, ratcheting up tensions between both sides.
Private equity deals made by the mega rich hits highest in a decade March 7, 2022 The value of UK private equity deals undertaken by wealthy individuals has hit the highest in a decade, doubling to £2.3bn last year. According to data from law firm Boodle Hatfield, low interest rates have made it easier for the society’s most affluent to fund private equity deals, with many looking to access asset class [...]
Fuel be sorry: Record petrol prices could hurt retail sector warn experts March 7, 2022 Experts suggest record prices at the pumps could hurt the retail sector and potentially stall the UK's ecommerce boom.
UK jobs market surges to pre-pandemic health but inflation crunch looms March 7, 2022 The recession of Covid-19 restrictions has sparked a recruitment drive by British businesses, reveals a fresh survey released today. An uptick in spending as Brits head back to high streets after the end of Plan B measures is encouraging firms to take on more staff, according to research by accountancy firm BDO. Businesses are scrambling [...]
CPS: Shield exports from tax to boost Global Britain and small business March 7, 2022 Shielding spending on ramping up exports from taxes will unlock a well of economic growth by boosting engagement with trade among Britain’s small businesses, a new report recommends today. Allowing firms to cut their tax bills by offsetting investment in exports would strengthen incentives for small firms to participate in trade, according to the Centre [...]