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 [...]
Investment giant 3i Infrastructure posts solid first quarter after upping stake in equipment firm TCR July 7, 2022 Investment firm 3i Infrastructure posted total income and non-income cash of £36m for the first quarter, in line with expectations and up from £22m the previous year.
Merciless verdict: ‘Mortally wounded’ Boris Johnson urged to leave Downing Street ‘with dignity’ July 7, 2022 If Boris Johnson picks up any of the papers this morning, it does not make fine reading for the Prime Minister as he is encouraged by almost all of the papers to abandon his attempts to save his premiership. The overall mood amid resignations and potential leadership challenges is best summarised by The Times’ leading [...]
Watches of Switzerland hails ‘tremendous’ growth as profits hit £126m July 7, 2022 Boss of luxury goods retailer Watches of Switzerland said it had been a “tremendous” year for the firm today as it reported a 98 per cent jump in pre-tax profits for the full year.
Bye Boris: NI Secretary Brandon Lewis, Treasury minister Helen Whately and Security minister Damian Hinds flee No 10 July 7, 2022 Northern Ireland Secretary Brandon Lewis has resigned around 7am from the Cabinet, telling the Prime Minister that Government requires “honesty, integrity and mutual respect”. Minutes later, Treasury minister Helen Whately has resigned, telling Boris Johnson there “are only so many times you can apologise and move on”. And only moments ago, Security minister Damian Hinds [...]
Supply chains and lack of labour are slowing building, says Persimmon boss July 7, 2022 The boss of Persimmon, one of the UK’s largest housebuilders, has cautioned that planning system delays, disruption in material supply chains and challenges in securing labour have weighed on completions. The housebuilder completed 6,652 homes in the six months to 30 June, down from 7,406 in the same period last year, according to its latest [...]
Attorney general Suella Braverman not going anywhere despite her call for Boris Johnson to go July 7, 2022 Despite calling for the Prime Minister to quit, Attorney General Suella Braverman says she will continue in her role. The Cabinet minister, who has previously been a staunch supporter of Boris Johnson, told Peston on ITV that he had handled matters “appallingly” in recent days. She said: “The balance has tipped now in favour of [...]
Currys commits to price freeze as full year profits jump July 7, 2022 Electrical retailer Currys committed to a price freeze on dozens of products today as it reported a jump in profits to £126m for the full year.
UK house prices hit average of £294,845 in largest growth spurt since 2004 July 7, 2022 House prices leaped in June in the largest increase of monthly growth since 2004, hitting an average of £294,845 after months of declining growth. Climbing ever-closer to the £300,000 mark, house prices jumped 1.8 per cent in June, after climbing one per cent in May, when the average cost of a home was £289,099, according [...]
More engineers needed to meet heat pump targets and net zero goals, reveals UK charity July 7, 2022 Not enough people are being trained as heat pump engineers to meet government targets for installations, warned charity Nesta.