Centrica anticipates power boost as EDF extends lifespan of ageing nuclear fleet March 14, 2023 British Gas owner Centrica expects to boost its electricity generation following EDF's decision to expand lifespan of two nuclear plants.
Sainsbury’s forks out £431m to buy 21 store freeholds as it looks to dump lease liabilities March 14, 2023 Sainsbury’s has secured a £430.9m deal to buy the freeholds of 21 supermarkets from real estate investment group Supermarket REIT. The grocery chain has acquired the remaining 51 per cent stake it did not already own in the Highbury and Dragon investment – which is a portfolio of stores Sainsbury’s acquired a 49 per cent [...]
Big Six energy firms ‘asleep’ and should be worried, Yu Group chief warns after record profits March 14, 2023 The Big Six are “asleep” and should be worried about challengers scooping up their customers, argued the boss of Yu Group.
Square Mile embraces hybrid working and tourism as post pandemic planning applications soar 30 per cent March 14, 2023 The Square Mile experienced a 30 per cent spike in planning applications during the pandemic, as investor confidence return to the City of London. The Museum of London, and new HQs for the City’s police and law firm Hogan Lovells were among the 56 applications submitted between 2020 and 2022, it has been revealed. The [...]
Announcing Fineqia as a headline partner of the Crypto AM Spring Awakening March 14, 2023 Digital assets platform Fineqia has been named as a headline partner for the highly-anticipated Crypto AM Spring Awakening.
SVB: After the biggest banking crash since 2008, what happens next? March 14, 2023 Temple Melville believes HSBC may have played a blinder with SVB UK, handing credit to Britain's fintech and crypto plans.
Bitcoin pushes past $24k as US financial system continues to navigate banking woes March 14, 2023 Bitcoin (+9%) posted a three-week high of $24,550 yesterday and is trading at $24,321 this morning, up more than 8% over seven days.
Credit Suisse woes mount as shares fall on discovery of ‘material weaknesses’ in financial reporting controls March 14, 2023 Credit Suisse’s shares continued to slide after it found “material weaknesses” in its financial reporting controls as it released its delayed annual report. The bank’s shares were trading 4.4 per cent lower on Tuesday morning at just CHF2.16. The embattled lender said its “internal control over financial reporting was not effective” for both 2021 and [...]
Pension explainer: The lifetime allowance and why it’s not just for wealthy savers March 14, 2023 Speculation is growing that the Chancellor of the Exchequer Jeremy Hunt is looking at increasing the pension lifetime allowance (LTA). The move is being interpreted as attempting to reverse the trend of early retirements and get more over 50s to consider re-joining the workforce. Mr Hunt is keen to bolster Britain’s workforce as he looks to deliver [...]
Cost of living crisis: Inflation sees Brits take a real-terms pay cut yet again March 14, 2023 British workers’ wages have been eroded by sky high inflation for the 15th month in a row despite them bagging bumper pay rises, official figures out today show. Real regular pay, which measures pay growth in cash terms minus inflation, fell on a monthly basis in January, according to the Office for National Statistics (ONS). [...]
