PwC partners set to receive record payouts of more than £1m this year July 7, 2022 Partners at PwC are set to earn more than £1m each for the first time ever this year, after an “exceptional” trading period boosted the accountancy firm’s profits. The accounting firm has told partners that their £920,000 profit-per-partner pay packages will be bolstered by £100,000 windfalls from the sale of PwC’s global mobility services business, [...]
Industry toasts record renewables auction as UK scrambles to boost domestic energy supplies July 7, 2022 Record levels of clean energy have been secured through the Government's largest ever funding round for its renewables auction.
Online gambling slows for Ladbrokes owner Entain as lockdown buzz fades and government review looms July 7, 2022 Online net gaming revenue dipped seven per cent Ladbrokes owner Entain as the gambling titan struggles to recapture lockdown momentum. A weaker macro-economic environment is also reducing customers’ rate of spend during the first half of the year, moderating overall online growth versus previous expectations. The closure of the Netherlands ahead of licencing has further [...]
Cadbury’s allowed to register iconic purple colour trade mark in High Court ruling July 7, 2022 Cadbury’s has been allowed to register a trademark for the particular purple colour used on its chocolate bar wrappers, after a High Court ruling this week. Lawyers representing Cadbury, Charles Russell Speechlys, said Cadbury’s would now be able to register the colour (Pantone 2685C). The confectionery giant has been attempting to register the colour for [...]
Legal & General notches ‘double digit’ cash and capital growth in 2022 July 7, 2022 Mortgage and pension provider Legal & General said today it has seen “double digit” growth in cash and capital generation for the first half of the year, after a strong performance across its divisions.
Boris Johnson set to resign as UK Prime Minister July 7, 2022 Boris Johnson has agreed to resign as UK Prime Minister, after a sensational 48 hours which saw his government implode. The BBC and Mirror reported just after 9am today that he will quit as leader of the Conservative party and will stay on as caretaker Prime Minister until a new party leader is chosen. A [...]
Jet2 FY23 performance will depend on services returning to normal following travel chaos July 7, 2022 Group operating loss for Jet2 was sliced by by four per cent to £323.9m as the travel giant felt the sting of disrupted travel in its full year results.
Isolated Boris Johnson agrees to resign TODAY after all PM’s key ministers flee Downing Street July 7, 2022 Multiple sources are confirming Boris Johnson has agreed to stand down today. He will stay on as caretaker leader until new Tory leader elected this autumn. He will make a statement later today. The Prime Minister rejected calls to quit yesterday and dramatically sacked Cabinet rival Michael Gove, but was later hit with the departure [...]
Peel Hunt revenues slump to £22.8m as IPO slowdown hits July 7, 2022 Investment bank Peel Hunt said a slump in the IPO market was weighing on performance today as revenues hit £22.8m in the three months to the end of June.
Wood Group returns to revenue growth as bosses promise of more gains to come July 7, 2022 Wood Group has returned to revenue growth of $3.2bn (£2.6bn) over the past six months following strong demand in its consulting and operations and a billion-dollar disposal. While the FTSE group noted a decline in projects in the six months ended 30 June, it hailed a strong order book, which has grown 18 per cent [...]