Scientists urge government to publish semiconductor strategy before it’s too late March 9, 2023 The government must publish its semiconductor strategy, argue the Institute of Physics and the Royal Academy of Engineering.
EY puts global split on hold following fight over tax business March 9, 2023 EY’s plans to split its audit division from its consulting arm are on the brink of collapse amid a fight over the future of its tax business. The Big Four accounting firm has “paused” its plans for a global split, in the face of fierce disagreements over the extent to which its tax division should [...]
Russia missile barrage kills five as Kremlin ramps up attacks on Ukraine energy infrastructure March 9, 2023 Russia has unleashed a missile barrage targeting energy infrastructure across Ukraine, hitting homes and killing at least five people in the largest such attack in three weeks, officials said. Four people died in the Lviv region after a missile hit a residential area, governor Maksym Kozytskyi said. Three buildings were gutted by fire after the [...]
Harbour Energy’s bumper profits wiped out by £1.3bn hit from windfall tax March 9, 2023 Harbour Energy's bumper profits have been nearly wiped out by the windfall tax - taking a huge £1.3bn hit in earnings from the new levy.
Domino’s grabs slice of the action: Digital drive and World Cup orders help pizza maker shrug off inflation and recession fears March 9, 2023 Fast-food giant Domino’s Pizza pulled through 2022 relatively unscathed with marginally lower profit, as a partnership with Just Eat and the Football World Cup boosted orders. The pizza delivery favourite reported system sales of £1.46bn in 2022, slightly down from the previous year’s £1.49bn. Its group revenue was at £600m, up on last year’s £560m, [...]
Ladbrokes and Coral owner Entain braces itself for regulation and take over speculation despite World Cup profit boost March 9, 2023 Ladbrokes and Coral owner Entain has forecast regulatory headwinds as it revealed a 13 per cent rise in profits driven by punters betting during the Qatar World Cup. Entain posted profits of £993.2m up 13 per cent from £881.7m in the same period last year. As the group continues its expansion in the US market [...]
Aviva launches £300m share buyback scheme after posting 35 per cent surge in profits March 9, 2023 Aviva today vowed to buy back another £300m worth of its owns shares from investors after the insurer outstripped analysts expectations by posting a 35 per cent uptick in its operating profits in 2022. The UK insurance giant today said its operating profits had surged by 35 per cent, to £2.2bn, in what company chief [...]
M&G profits down at £529m but fund manager says ‘transformational programme’ will deliver cost savings to shareholders March 9, 2023 Fund manager M&G claimed “adverse market movements” caused its assets under management to dive £28bn to £342bn during 2023. M&G’s adjusted operating profit before tax during the 12 months was £529 million compared to 2021’s £721m as it took a hit losses in its annuity portfolio and foreign exchange costs on its US dollar debt. [...]
Jeremy Hunt readies placeholder budget that will let a lot of people down March 9, 2023 Jeremy Hunt is going to let a lot of people down at his budget next Wednesday. Businesses. Families. Even former Prime Ministers. The Chancellor is poised to resist calls to save a flatlining economy by staying the course set in his November autumn statement of balancing the books. Households want an extension of energy support [...]
UK dodges recession but economy still poised to be below pre-Covid-19 size until end of 2024, BCC forecast March 9, 2023 The UK is poised to avoid a recession this year but suffer a slow burning economic slump that will leave GDP below its pre-pandemic level until the final months of next year, new forecasts out late last night claim. Stronger than expected household spending despite sky high inflation plaguing families’ finances will put the economy [...]
