Analysis: Do Ford and Volkswagen stand a chance in battle for China’s electric market? May 25, 2023 Some of the world’s biggest carmakers have announced big plans to bolster their electric vehicle (EV) segments in China this year. Japanese carmaker Toyota announced major plans earlier this month to accelerate its EV push in China, on the back of a profit boost caused by an ease in the global chip shortage. Volkswagen, which has [...]
UK committed to new oil and gas licences – but “would never” back plans which fail net zero May 25, 2023 The government is committed to granting new UK oil and gas licences but “would never” approve anything incompatible with net zero.
Pets at Home to open 40 new stores as pandemic puppy trend looks here to stay May 25, 2023 Retailer Pets At Home has unveiled plans to open at least 40 new stores across the UK under aims to become the “world’s best pet care platform” after posting record annual results. The firm’s chief executive Lyssa McGowan said the group was spending £400m on an ambitious growth strategy that would see it expand its [...]
Net migration figures present collision between facts and feelings for Sunak May 25, 2023 Net migration figures have hit record highs – to the surprise of precisely no one. Expectation management is a vital piece of the political toolkit. That much-touted 1,000-seat loss in the local election results was brought out in advance as an over-the-top figure designed to give the electorate a happy surprise – but, to the [...]
Groundhog Day for Bitcoin as crypto uncertainties linger May 25, 2023 The price of Bitcoin fell a further 2% to the lower end of $26k while Ethereum dropped below $1.8k and continues to trade in line with the leading crypto.
More than a year after Russia’s invasion of Ukraine some firms still can’t – or won’t – quit Moscow May 25, 2023 Some global companies are still operating in Russia more than a year on from the country’s invasion of Ukraine. Firms were quick to respond to the full-scale war, which broke out last February, with some saying they would quit Russia immediately and others curtailing imports or new investment. Billions of pounds of factories, energy holdings [...]
Non-alcoholic beer maker Big Drop signs licensing deal with In Good Company May 25, 2023 Leading non-alcoholic beer maker Big Drop has secured a licensing agreement with Bermondsey-based brewer In Good Company in a bid to expand its business across the UK, US, and Australia.
Net migration to UK hits record high of 606,000 as Brexit scales EU movement back May 25, 2023 Net migration to the UK has hit a record high of 606,000, new figures released this morning reveal. The significant surge in legal migration for 2022 has hit the highest level on record, according to Office for National Statistics (ONS) data. It follows weeks of speculation over the numbers with prime minister Rishi Sunak seeking [...]
Anne Boden to step down as chief of Starling as bank reports record profits May 25, 2023 The founder of Starling Bank, Anne Boden, has announced she will step down as chief executive of the firm at the end of June as the bank reported record profits in the year to March today.
Water firm United Utilities sees profit slump but finds £310m for dividend boost May 25, 2023 The UK’s largest water company, United Utilities, saw pre-tax profits slump by 27.7 per cent this morning whilst announcing a boosted dividend payment of £310m to its shareholders. The Washington-headquartered firm, which supplies much of the water to the north-west, said that profits had slumped as a result of inflation, which had impacted procurement costs [...]
