Fossil fuels spared emissions checks as UK scrambles for supplies ahead of winter June 28, 2022 Fossil fuel plants could be excluded from emissions checks, as the Government races to secure energy supplies ahead of winter.
Car industry sounds alarm bells: UK vehicle makers face staggering 50 per cent jump in energy bills June 28, 2022 British car makers face a 50 per cent increase in energy costs this year, an industry body warned this a.m. Analysis by the Society of Motor Manufacturers and Traders (SMMT) stated that the sector’s annual energy bill – which is already £50m more than its European Union rivals – will rise by £90m in 2022. [...]
Supermarket shoppers turn to frozen and canned meats in a bid to slim cost of weekly shop June 28, 2022 Supermarket shoppers are swapping out traditional meat products for cheaper frozen and canned alternatives, in a bid to cut down on costs. According to freshly published data from NielsenIQ, volume sales across all categories at UK supermarkets dropped 5.5 per cent over the past four weeks. With household bills sky-rocketing in recent months, shoppers have [...]
Jupiter boss Andrew Formica to step down after ‘extremely challenging’ period June 28, 2022 The boss of Jupiter Fund Management Andrew Formica has announced he will retire as CEO later this year after a turbulent period at the helm of the London-listed investor. Formica, who joined the firm from Janus Henderson in 2019, will step down as chief executive and director on 1 October and hand over the reins to [...]
Escape Putin and come to Britain, Boris Johnson tells Russian scientists as he urges academic to flee June 28, 2022 To escape Vladimir Putin’s oppression, Boris Johnson has set out a package of support for Ukrainian researchers and urged Russian scientists to flee and defect to Britain. The Prime Minister said experts who no longer feel safe in Russia should apply to come to a country that “values openness, freedom and the pursuit of knowledge”. [...]
Prime Minister and Chancellor to dismiss Tory calls for early tax cut June 28, 2022 The Prime Minister is set to bat away demands from Tory backbenchers to slash cuts in a major speech with the Chancellor next month. According to a report in The Times, Boris Johnson and Rishi Sunak are set to outline the government’s economic strategy in the speech. However, they will delay announcing a timeline for [...]
America in shock as 46 bodies are discovered in a lorry in Texas, three suspects in custody June 28, 2022 America is in shock this a.m. as 46 bodies were found in a lorry trailer containing suspected migrants on the outskirts of San Antonio. Three people are in custody. Some sixteen people were taken to hospitals after the lorry was found on a remote back road near the south-west Texas city. A city worker at [...]
Petrofac pushes for post-pandemic rebound as Covid-19 bites into profits June 28, 2022 Energy giant Petrofac is targeting a strong order intake in the second half of the year, as it grapples with lingering impact of the pandemic.
Marlowe revenue surges after acquisition frenzy surpasses £300m June 28, 2022 Services and software group Marlowe has seen group revenue shoot up 65 per cent after a slew of acquisitions. In results for the year ended 31 March 2022, the AIM-listed company said group revenue surged to £315.9m while adjusted EBITA soared 90 per cent to £54.4m. Adjusted profit before tax increased 123 per cent to [...]
Wise profit leaps as news of fintech chief’s FCA tax probe settles June 28, 2022 Fintech giant Wise today revealed profits hit £371.9m last year on the back of a surge in revenues and customer growth. The London-listed fintech said gross profit rose 43 per cent on 2021 levels while revenues topped £559.9m, up a third on last year. Customer numbers meanwhile hit 4.6m in the last quarter of 2022 [...]