Pearson chief retires as publisher turns new tech page September 20, 2023 Omar Abbosh joins Pearson as new chief executive as Andy Bird, who has led the company for three years, hands in his retirement notice.
Angry car makers: Delaying petrol and diesel ban will damage EV investment in UK September 20, 2023 Leading car manufacturers have urged the government to give clarity on its proposed row back on banning petrol and diesel cars, saying they’ve invested hundreds of millions to meet targets. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders (SMMT), said the policy change will cause “concern” among car makers. It has [...]
Braverman: ‘We are not going to save the planet by bankrupting the country’ September 20, 2023 Home Secretary Suella Braverman has backed Prime Minister Rishi Sunak's reported decision to row back on pledged green commitments.
How Moral is ESG? September 20, 2023 ESG is immoral. So argued Milton Friedman, an economist, back in 1970. Customers, employees and stockholders, he said, did not need company executives to spend their money for them. If an executive, operating in a competitive market, took an action that reduced her company’s profits in the name of “‘social responsibility’”, she then had to [...]
Interest rates: Will Bank of England hike or hold after inflation surprise? September 20, 2023 Inflation saw a surprise fall in August, complicating the Bank of England's decision to hike or hold interest rates
Galliford Try raises outlook following bumper year September 20, 2023 Construction firm Galliford Try reported a 12.6 per cent surge in revenues rising up to £1.3bn in its full year results, as the company raises its outlook for the year ahead. The London-listed firm, which builds everything from flats to roads, said statutory profit before tax also rose 87.7 per cent to £10.1m during the [...]
M&G hails ‘progress’ as profits and flows surge ahead of City bets September 20, 2023 M&G hailed “good progress” in the first six months of the year today as profits surged ahead of City predictions despite volatility still roiling the market and denting its assets under management. The London-listed investor said its assets had tumbled to £332.8bn at the end of June, down from £342bn at the end of last [...]
Dunelm: ‘Value’ offer leads to record revenue amid cost of living crunch September 20, 2023 Dunelm posted record sales of £1.64bn, in its preliminary results, rising up 5.5 per cent from last year's figures, as the homeware retailer was bolstered by cost reductions.
Surprise fall in inflation leaves Bank of England rates decision on knife-edge September 20, 2023 Inflation fell unexpectedly in August as falling food inflation helped offset rising energy costs, official data out today shows. According to figures from the Office for National Statistics (ONS) the consumer price index (CPI) came in at 6.7 per cent in August, down marginally from 6.8 per cent in July and lower than the roughly [...]
Uber: EU rules will see us pull out of “hundreds” of European cities September 20, 2023 An Uber boss has issued a stark warning that Brussels' proposal to classify gig workers as de facto employees could slam the breaks on operations across the bloc.
