Total profits as French energy giant joins rivals with record £29.9bn earnings February 8, 2023 Oil and gas major Total Energies has joined the profits party alongside its rivals, posting record full-year earnings of £29.9bn.
Ukraine’s president Volodymyr Zelensky to meet King Charles at Buckingham Palace today February 8, 2023 President Volodymyr Zelensky will meet King Charles at Buckingham Palace during his visit to the UK today. Buckingham Palace has confirmed the King will hold an audience with the Ukrainian wartime leader at the royal residence in central London this afternoon (Wednesday, February 8). In a statement the Palace said: “Mr Zelensky will be greeted [...]
Shipping giant Maersk warns of profit slump as post-Covid boom comes to an end February 8, 2023 Maersk has shrunk its profit expectations for 2023 as volumes and freight rates normalise after two booming years. The shipping giant announced today it expects its underlying EBITDA to be between $8bn (£6.6bn) and $11bn – 78 per cent down on last year’s $36.8bn. “Guidance is based on the expectation that inventory correction will be [...]
Ashmore profits plunge by half to £53.8m as spooked investors pull out of emerging markets February 8, 2023 Ashmore’s profits plunged during the first six months of its financial year, with the emerging markets asset manager blaming extreme market turbulence for investors’ decision to pull their cash. The London-listed asset manager notched up pre-tax profits of £53.8m in the six months to the end of December, a fall of 54 per cent on [...]
Brexit: UK Supreme Court rules Northern Ireland Protocol is lawful February 8, 2023 The UK Supreme Court has ruled the Northern Ireland Protocol is lawful, rejecting a legal challenge to the Brexit process. The legality of the contentious trading arrangements has been challenged by a collective of unionists and Brexiteers. Judge Lord Stephens said in his ruling: “The most fundamental rule of UK constitutional law is that Parliament, [...]
Ukraine’s president Zelensky to make surprise UK visit TODAY, meet PM Rishi Sunak and address parliament February 8, 2023 Ukrainian President Volodymyr Zelensky will make his first visit to the UK since the Russian invasion of his country, with Rishi Sunak promising extra military support. The Prime Minister announced plans to train Ukrainian pilots, paving the way for them eventually being able to fly sophisticated Nato-standard jets, a key request from Mr Zelensky. Downing [...]
Equinor joins rivals Shell and BP with record £23.8bn profits as Norwegian energy giant props up Europe’s gas supplies February 8, 2023 Equinor has posted record £23.8bn full-year profits powered by soaring oil and gas prices, in line with bumper results from rival firms.
Barratt: ‘Uncertainty’ pushes housebuilder’s sales reservations down 44 per cent but pre-tax profit rockets to £521m February 8, 2023 Barratt Developments posted profit before tax of more than £520m as the company suggested that its outlook for the year was improving, despite sales at the beginning of 2023 lagging behind last year. The housebuilder’s revenue increased 24 per cent in the six months to December 31 from the same period last year while its [...]
More than £18bn was added to non-food retail sales by inflation as 80 per cent of retailers prepare to raise prices February 8, 2023 Inflation is set to add £18.2 billion to UK non-food retail sales this year, a report suggests. Sales values are expected to hit £249 billion in 2023, but the 2.6 per cent increase – or an additional £18.2 billion of spending on last year – will be driven entirely by rising consumer prices, according to [...]
Exclusive: Service sector confidence in Britain’s economy has rebounded since Liz Truss, research reveals February 8, 2023 Confidence in the state of the UK economy has rebounded since Liz Truss’ term as prime minister, new research shared exclusively with City A.M. has revealed. Execs working in the UK’s professional services sector are significantly more confident about the state of the British economy than they were in middle of 2022, data from the [...]
