Reeds Rains owner expects ‘substantially lower’ profit due to tough mortgage market August 7, 2023 LSL Property Services, which owns estate agents Reeds Rains and Your Move, said it now expected the group's annual profit to be "substantially lower" due to subdued activity in the mortgage market.
Women’s World Cup: England beat Nigeria on penalties after Lauren James sent off for stamp August 7, 2023 The Lionesses narrowly beat Nigeria on penalties, after rising star Lauren James was dramatically sent off in extra time, for stamping on an opponent. England’s women the shootout against taking them to the last eight, after the game went 120 minutes without a goal. After both teams missed their first penalty, the Lionesses lashed home [...]
Saudi Aramco profit plummets 38 per cent… to $30.1bn August 7, 2023 Saudi Arabian state oil giant Aramco reported a near 38% drop in second-quarter net profit on Monday amid weaker oil prices and thinner refining and chemicals margins, as it boosted its dividend with a new performance-linked payout. Aramco’s net profit fell to 112.81 billion riyals ($30.07 billion) for the quarter to June 30 from 181.64 [...]
Treasury Minister says businesses have woke ‘checklist’ – and tells them to stay out of politics August 7, 2023 A SENIOR Treasury minister has said he is “uncomfortable” with businesses “appropriating the views of their customers to make a political point” in a broadside against corporate woke culture. John Glen told the think-tank Bright Blue’s Centre Write magazine that “the mainstream majority of this country want businesses to provide value for money and quality [...]
HSBC’s top lobbyist apologises for slamming UK’s tougher stance on China August 7, 2023 A senior HSBC exec has apologised after accusing the UK of being 'weak' by responding to American pressure to toughen its stance on China.
Last orders! Rate of pub closures reaches decade high as rate hikes and inflation bites August 7, 2023 The number of pub closures in the UK reached its highest quarterly figure in over a decade, new data reveals, as soaring costs force more of the country’s local watering holes to close their doors for good. Some 223 pub businesses entered insolvency in the second quarter of this year, up from 200 in the [...]
Revolut to stop US crypto services amid SEC clampdown August 6, 2023 Revolut will stop offering crypto services to its US customers as regulators in the country begin to clamp down on the sector. The digital lender said it was withdrawing services because of “the evolving regulatory environment and the uncertainties around the crypto market in the US”, a spokesperson for the company said in a statement. [...]
Persimmon under increasing pressure as rate rises crimp housing demand August 6, 2023 UK housebuilder Persimmon is expected to report a fall in revenue in its half-year update on Thursday as the sector comes under increasing pressure from higher mortgage costs. The FTSE 100 firm is expected to see revenue decline to £1.11bn, down from £1.69bn for the same period last year, according to CMC Markets. In its [...]
Holidaymakers warned of ‘financial sting’ with airport parking – but which is the worst culprit? August 4, 2023 Holidaymakers are being charged up to four times more for airport parking if they pay on arrival rather than in advance, according to new research. Consumer group Which? said its analysis of prices at 16 UK airport car parks revealed the “serious financial sting”. It compared prices for a week’s stay in mid-August paid for [...]
A battery a minute: New car registrations surge as EVs eat into market share August 4, 2023 One new battery electric vehicle was registered every 60 seconds in July, as the UK’s new car market recorded a full year of growth. Registrations of new cars were up more than a quarter (28.3%) in July compared with the same month last year, according to figures from the Society of Motor Manufacturers and Traders [...]
