Budget: Energy bills to drop £1,000 by July but will not fall below £2,000 by October March 15, 2023 Cornwall Insight has unveiled its price cap predictions ahead of the Budget, raising expectations of a sharp fall in energy bills.
John Lewis annual partner bonus ‘at risk’ as middle class favourite takes on first CEO and faces down talk of pre-tax loss March 15, 2023 John Lewis has drafted in its first chief executive as chairman Sharon White looks to get another pair off hands on deck to help the retail group ahead of its trading update tomorrow. John Lewis Partnership, which oversees the management of department store John Lewis and upmarket grocery chain Waitrose, has appointed retail veteran Nish [...]
IG Group shares dip as clients opt to hold positions amid millpond market conditions March 15, 2023 Shares in IG Group slumped after it reported a fall in revenue and a drop in active client numbers, as lower market volatility resulted in fewer trades. In the three months to December – the third quarter of the firm’s year – revenue at the trading platform fell seven per cent to £239.3m. This was [...]
Budget: SSE boss urges Hunt to match green energy goals so UK can face down US competition March 15, 2023 A leading energy boss has called on the Chancellor Jeremy Hunt to clear the way for a "decade of delivery" on UK energy supplies.
Eon plans big investment hike in grids and retail business after optimistic outlook March 15, 2023 Eon - Europe's biggest operator of energy networks - plans to boost investment in its grids and retail businesses to £29.1bn (€33bn).
Budget: Jeremy Hunt expected to splash £4bn on childcare expansion March 15, 2023 Chancellor Jeremy Hunt is expected to spend £4bn on childcare expansion for one and two-year-olds in today’s Budget as part of a drive to get Brits into work and boost growth. Ministers are set to provide an extra 30 free hours a week to parents of toddlers and to raise cash for the existing childcare [...]
FTSE 100 close: Global banking rout weighs on index as budget does little to lift sentiment March 15, 2023 London’s FTSE 100 slumped this afternoon as the banking sector faced a major sell-off following concerns over the future of Credit Suisse. The capital’s premier index closed 3.83 per cent lower at 7,344.45 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, shed 2.63 per [...]
Jade Vault enters Sinclair Capital Reserve with Swiss regulator approval March 15, 2023 Jadeite storage and trading company Jade Vault has been approved by Swiss regulators to be included within the Sinclair Capital Reserve.
London brought to a standstill as tube strike closes entire network and RMT lock horns with Sadiq Khan March 15, 2023 A strike by London Underground drivers has closed the entire network. Transport for London’s website shows no services are running on any Tube lines. The Docklands Light Railway and Elizabeth line are part-suspended because of the industrial action. Drivers in Aslef and the Rail, Maritime and Transport union (RMT) walked out in a dispute over [...]
Zara owner sees sales soar to £28.8bn as young shoppers shrug off cost of living crisis to splash cash on latest trends March 15, 2023 The owner of high street fashion chain Zara said young shoppers remained to spend cash on the latest trends despite rising inflation and the cost of living crisis. Inditex, which also owns popular brands such as Pull&Bear and Bershka, reported a sales growth of €32.6bn (£28.8bn) up 17.5 per cent from the same period last [...]
