UK will have highest growth in G7 under Labour, Keir Starmer pledges February 23, 2023 The UK should become the highest growth economy in the G7, Labour leader Sir Keir Starmer has said, as he unveiled a package of national missions. Speaking in Manchester this morning, Sir Keir revealed a set of five ambitions for the country, with a general election expected to take place in the next 18 months. [...]
Volatility returns to crypto markets and Bitcoin is back over $24k following mixed inflation info February 23, 2023 Bitcoin retraced after the Fed’s mixed messaging of slowing markets with persistent high inflation before rallying again to $24,454.
WPP shares soar as ad giant defies fears of marketing slowdown February 23, 2023 London-based communications and advertising firm WPP has seen its shares soar over five per cent this morning after the group posted stellar earnings for 2022. The firm saw its revenues soar 13 per cent to £14.4bn in 2022, up from £12.8bn in the same period last year, assuaging fears that companies would pull back marketing spending [...]
Amigo struggling to raise £45m survival cash as it swings to hefty loss February 23, 2023 Beleaguered lending shop Amigo said it was yet to secure the £45m funding it needed for survival today as it swung to a hefty loss in the nine months to the end of December. The controversial Bournemouth-based firm has been struggling to restart lending again in full after being punished by regulators for dishing out [...]
Heathrow narrows losses to £1.3bn thanks to travel bounce back February 23, 2023 Heathrow Airport narrowed its losses sharply in 2022 amid a bounce back in travel demand, but said results were weighed on by surging cost pressures and lower passenger numbers. The group reported underlying pre-tax losses of £684 million for last year, against losses of £1.3 billion in 2021. It said no dividends were paid in [...]
Ukraine war fuels record orders of £37bn for arms titan BAE Systems February 23, 2023 The war in Ukraine helped to boost arms and combat vehicle manufacturer BAE Systems as it reported record orders of £37bn. The company’s sales were up 4.4 per cent in the last year to £23bn as conflict rages in Europe for the first time in decades, while Ukraine’s president recently toured the continent pleading for [...]
Isa explainer: should you go for cash or stocks & shares? February 23, 2023 Savers have just over four weeks to make the most of this year’s tax-free savings allowance. We look at the different types of ISA available and how to find the one that’s right for you. Individual Savings Accounts, or Isas, were introduced by the government to encourage more people to save and allow savers to [...]
Virgin Media O2 reveals plans to open new London HQ as it dials in earnings of £10.36bn February 23, 2023 Virgin Media 02 has said it is “confident” it will deliver its 2023 profit guidance, as the group posts strong revenues in its first few months of merging. For the year ending 2022, the broadband giant saw revenues of £10.36bn up slightly from the pro forma figure of £10.35bn the previous year. The group which [...]
Drax: Biomass energy giant which received £6bn from taxpayer reports 84 per cent earnings hike February 23, 2023 Power generation firm Drax is the latest winner from the energy price crisis, with its earnings up 84 per cent in the last 12 months to £731m. Drax, which received £6bn in green energy subsidies from British taxpayers over the last four-decades, was the latest energy giant to announce bumper profits; recent announcements include Shell [...]
Mark Kleinman: British Steel, Freetrade’s Future and Investment Association grumbles February 23, 2023 I wasn’t wrong a few weeks ago when I wrote here that sorting out Britain’s financially troubled steel industry would ultimately be someone other than Grant Shapps’ mess to clean up. What I didn’t anticipate then was that just a month later Kemi Badenoch would become the fourth business secretary in six months given the [...]
