Currys sticks to full-year guidance despite falling sales September 7, 2023 Currys has said it is sticking to its annual profit guidance despite recording a 4% fall in group sales in the 17 weeks to August. The British electrical goods seller reported a 2% dip in like-for-like sales in its UK and Ireland (UK&I) division as consumers put off buying expensive goods amid the cost of [...]
Direct Line shares soar despite losses after £520m commercial insurance sale September 7, 2023 Direct Line continued to feel the pain of cost inflation, with new boss Adam Winslow faced with a miserable balance sheet
House prices fall at fastest rate since 2009 – and it’s worst in London September 7, 2023 House prices are falling at their fastest annual rate since the global financial crisis, with London hit hard
British American Tobacco completes long-awaited exit from Russia, just 18 months late September 7, 2023 Around 2,500 people are employed in Russia, where the firm has 75 regional offices and a manufacturing facility.
‘Bespoke’ Brexit deal signed off as UK to rejoin EU’s £85bn Horizon science scheme September 7, 2023 The UK is to return to the European Union’s £85 billion Horizon science research programme following months of negotiations. The Government said a “bespoke” new agreement has been signed off with the EU, with UK researchers able to apply for grants and take part in Horizon projects. Prime Minister Rishi Sunak said: “We have worked [...]
Time to celebrate: City A.M. app users can enjoy a free pint of Singha thanks to Shepherd Neame September 7, 2023 We're celebrating the launch of our app - with a cool pint of Singha, courtesy of Shepherd Neame
Online Safety Bill: Tech bosses slam fresh government statement September 7, 2023 The UK government has denied its stance on the controversial Online Safety Bill has changed despite admitting that the technology to access messages without compromising user privacy does not currently exist. The bill has come under intense scrutiny from tech companies as it seeks to override encryption to scan online messages sent in the UK [...]
Now TfL have banned cheese adverts on the Tube September 7, 2023 A company looking to use artisanal cheese as an advertising prop has been told it can't advertise on TfL
Starbucks cheers ‘good progress’ in plan for 100 new UK shops September 7, 2023 Coffee giant Starbucks has hailed “good progress” in its expansion plans to open 100 new stores in the UK over the current year. The chain said it has also “maintained strong, double-digit growth” in the UK in recent months despite pressure on consumer spending due to the rising cost of living. On Thursday, the retail [...]
UK risks losing £100bn of energy projects unless it cuts high taxes and red tape September 7, 2023 The UK risks missing out on as much as £100bn of investment in domestic offshore energy projects, an industry body has warned.
