Gas prices stay persistently high as prospect of bleak winter bills ratchets up July 5, 2023 Gas prices remain stubbornly high this summer, dashing hopes of lower energy bills over the winter when demand will be at is at its peak.
Quiz warns over ‘tough’ sales conditions as inflation weighs on shoppers July 5, 2023 Fashion chain Quiz has posted a jump in profits for the past year but cautioned over “tough” trading conditions in recent months as shoppers come under pressure from inflation. The womenswear business said it saw a “strong recovery” over the year to March but has seen sales slide more recently. Quiz recorded a 15 per [...]
Redde Northgate has record revenue and profit as soaring van hire demand outstrips supply July 5, 2023 Vehicle hire firm Redde Northgate posted a record financial performance this morning on the back of strong vehicle hire demand, with appetite for light commercial vehicles (LCV) continuing to “outstrip supply.” The Darlington-headquartered firm saw revenues of over £1.4bn, up 19.8 per cent year-on-year with pre-tax profits at £178.7m, up 34.7 per cent. Redde Northgate [...]
Topps Tiles stays in black as soaring costs on supplies cools July 5, 2023 Topps Tiles was on track to deliver profit in line with expectations, as it was aided by strong sales in the third quarter and an easing of supply pressures. The home supplies retailer said inflationary pressures on the cost of goods and shipping costs reduced during the period, despite overall UK inflation still sitting at [...]
AO World swings back to profit thanks to reduced costs while revenue down 17 per cent July 5, 2023 AO World swung back into profit on reduced costs and better margins as the firm said it made a 17 per cent loss in revenue in its annual results. The white goods retailer said revenue decreased by 16.8 per cent to £1.1bn compared to £1.3bn in the same period last year ending 31 March, as [...]
‘Irresponsible’ Ladbrokes ad with Jake Paul banned by regulator July 5, 2023 An “irresponsible” tweet by Ladbrokes has been banned for featuring Jake Paul, a YouTuber and professional boxer who is a favourite among teenagers. The ad on the bookmaker’s Twitter feed, seen in February, featured an image of Paul and a caption saying: “@TommyTNTFury beat @JakePaul by split decision last night. So, we’ve got to ask [...]
Numis struggles with IPO shutdown ahead of takeover by Deutsche Bank July 5, 2023 Numis struggled with the “effective closure” of the IPO market in the third quarter, with revenue falling ahead of the bank’s takeover by Deutsche Bank. The London-based investment bank said revenue in the three months to the end of June came in below the first half, reflecting the “deteriorating market backdrop” across investment banking. Although [...]
FTSE-listed Prospex confirms first gas at new Italian field July 5, 2023 Prospex Energy has announced first gas at the freshly developed onshore Selva field in the Po Valley region of Northern Italy.
Electric vehicle transition to drag up car insurance premiums, warns report July 5, 2023 The transition to battery electric vehicles (BEVs) will “force a whole-scale adaption of the motor insurance sector” as it struggles to find a solution to the additional costs involved in insuring the new technology, a new report has warned. BEV claims are already 25.5 per cent more expensive than their combustion engine counterparts and could [...]
Ofwat boss fails to rule out more supplier struggles after Thames Water woes July 5, 2023 Water suppliers will not be allowed to rack up debts and underinvest again following Thames Water’s financial troubles, Ofwat vowed yesterday.
