Elektron fired up over orders October 6, 2021 Components manufacturer Elektron said yesterday that its order books going into the second half were 5 per cent ahead of last year. The firm, which makes switches and indicator lights for household appliances such as coffee machines and laser printers, reported an operating profit of £1.02m in the six months to 31 July up 5 [...]
PM: Boris defends NI hikes and says higher wages will lead to tax cuts in future October 6, 2021 Boris Johnson defended his tax hikes today at Conservative party conference, saying even “Margaret Thatcher would not have ignored the meteorite that has just crashed through the public finances.” Increases to National Insurance announced last month have been criticised by business groups, who point out that firms are already battling increasing energy prices and inflation. [...]
Bulb keeping options open amid rising prices and takeover speculation October 4, 2021 Green energy firm Bulb are keeping their options open as speculation increases that it could soon become a takeover target. Ovo Energy are the latest believed to be sniffing around Bulb, which serves some 1.5m customers. Octopus Energy were also rumoured to be weighing up a bid. The Sunday Telegraph first reported Ovo’s interest. Bulb [...]
Blairs hit back after Pandora Papers property revelation October 4, 2021 TONY Blair is amongst a host of high-profile global figures who have been dragged into a row over offshore taxation after the leak of thousands of pages of confidential financial documents. Dubbed the Pandora Papers, the leak is set to raise difficult questions for figures as prominent as Vladimir Putin and the King of Jordan. [...]
Serving Met Police officer arrested and charged with rape October 3, 2021 A serving Metropolitan Police officer has been charged with rape, the Crown Prosecution Service said late on Sunday evening. David Carrick, 46, from Stevenage will appear in court tomorrow. The CPS said: ‘The CPS has today authorised Hertfordshire Constabulary to charge serving Metropolitan Police officer David Carrick, 46, with one count of rape following an [...]
Global Group UK Investor Summit kicks off tomorrow October 1, 2021 The UK Investor team are hosting their first in-person event in two years, launching the Global Group UK Investor Summit tomorrow. The Summit will take place at the StoneX Stadium, home of Saracens Rugby Club, in north west London. Several high profile entrepreneurs and business leaders will be speaking at the Summit, including: Allan Leighton, [...]
Lynch extradition trial set for decision by Home Secretary this week September 28, 2021 MIKE Lynch’s battle to fight extradition to the US on fraud charges could come to an end this week, with the Home Secretary due to rule on his case tomorrow. Priti Patel had been expected to opine last week but her decision was delayed by seven days.It marks the latest twist and turn in what [...]
Bailey: Worsening inflation makes rate rise more likely September 27, 2021 Bank of England Governor Andrew Bailey has said inflation has “strengthened (the) case” for a rate rise. The Bank’s Monetary Policy Committee (MPC) has repeatedly voted to keep the base rate at 0.25 per cent despite signs of growing inflation. But last Thursday the MPC raised inflation forecasts to north of 4 per cent by [...]
Turkey farmers blame Brexit for labour shortage that would ruin Christmas September 26, 2021 Brits face the threat of no turkey this Christmas as a result of Brexit and subsequent lack of labour, the Traditional Farm Fresh Turkey Association (TFTA) has warned. While small local farms are unlikely to be impacted, the UK’s supermarkets could see a ‘national shortage’ of turkeys in the run-up to the festive season due [...]
Ex-Tesco boss Dave Lewis behind £16bn link to import clean energy from Morocco September 26, 2021 A £16bn project to build the world’s longest power link will supply seven million UK homes with ‘near constant, low-cost clean energy’ according to its new chair, former Tesco boss Sir Dave Lewis. The renewable energy plan by Xlinks will take power from 10.6 gigawatts of large-scale solar and wind farms in Morocco via a [...]