British Gas owner Centrica still suffering from fall in business power demand January 14, 2021 British Gas owner Centrica said that the coronavirus pandemic was continuing to heap pressure on its finances, with business electricity demand still down as people continue to work from home. In the second half of the year, the firm said that business energy demand was down 15 per cent, compared to 30 per cent in [...]
FTSE 100 and Wall Street flat in subdued day for markets January 13, 2021 The FTSE 100 was flat by the mid afternoon as markets slipped into a lull after a rapid start to the year. After rising 6.4 per cent last week, London’s leading index has faltered this week with two consecutive sessions of losses. By 3pm the bourse was down 0.05 per cent at 6,751 points. The [...]
Square Mile sees four times as many commuters than during first lockdown January 13, 2021 There were four times as many trips made on public transport in the City of London last week than during the spring’s first lockdown, Transport for London (TfL) data shows. Last week there were around 80,000 entrances and exits from Tube stations in the capital’s financial district, which equates to 40,000 journeys. By contrast, back [...]
Over 16,000 customers seeking compensation for British Airways data breach January 13, 2021 More than 16,000 people are seeking compensation from British Airways (BA) over a data breach in 2018, lawyers for the victims said today. In September 2018, the UK’s flag carrier revealed that the personal details of 420,000 customers – including names, debit and credit card numbers, addresses and email addresses – had been stolen. Now [...]
Honda pauses production at Swindon for third time January 13, 2021 Honda will next week pause car production at its factory in Swindon, the third time it has done so in a little over a month. The Japanese car giant said in a statement that output would be paused from Monday to Thursday next week, the longest such pause so far. It said that global supply [...]
Marshalls to restore dividend after second half sales jump January 13, 2021 Landscaping firm Marshalls this morning confirmed that it would reinstate its dividend after much improved trading in the second half. After sales fell sharply in the first half, the company said that figures from recent months were ahead of 2019. But group revenue fell from £542m to £469m for the full year on the back [...]
Christmas sales hike drives strong revenue growth at Asos January 13, 2021 Sales at fashion retailer Asos surged in the four months ending in December as the online shopping boom continued amid the coronavirus pandemic. The firm said that the hike in sales had led to a better-than-expected growth in revenue over the period leading up to Christmas. As a result of the strong start to the [...]
Telegraph owner Sir David Barclay dies age 86 January 13, 2021 David Barclay, the billionaire co-owner of the Daily Telegraph, has died aged 86 after a short illness. Late last night the newspaper announced that Barclay, who took over the Telegraph with his brother Frederick in 2004, had died. The twin brothers built up a business empire encompassing hotel ownership, shipping, and retail. They moved into [...]
Republicans to break rank to vote for Trump’s impeachment January 13, 2021 A number of Republicans have said that they will break with their party and vote to impeach President Trump for his role in last week’s riots on the Capitol Hill. With eight days to go until the end of Trump’s term in office, lawmakers will today vote on a historic bid to throw the President [...]
Premier Oil shareholders back Chrysaor merger as era comes to an end January 12, 2021 Premier Oil’s shareholders have today voted overwhelmingly in favour of the North Sea-focused firm’s merger with fellow independent Chrysaor. At this afternoon’s general meeting, 98.7 per cent of shareholders backed the motion, which marks the end of an era for the veteran firm. The deal is expected to be completed by the end of the [...]
