Co-operative Bank eyes acquisitions as profits top £103m November 10, 2022 The Co-operative Bank said it was eyeing up potential acquisitions today after it posted a 75 per cent surge in pre-tax profit to £103.1m in the first nine months of the year. The high street lender said profits had more than tripled from £29m on the same period last year as it became the latest [...]
National Grid urges ‘transparency’ as it commits £40bn to UK’s energy system November 10, 2022 National Grid has called for stability in the UK’s investment climate, so it can ramp up infrastructure and help the country transition to a greener future.
Auto Trader’s revenue jumps as booming market place gets double-digit boost November 10, 2022 Auto Trader’s group revenue has jumped 16 per cent as a result of a double-digit growth in its marketplace business. In the six months ended 30 September, the car retailer posted a £249.8m revenue, up from last year’s £215.4m. While Auto Trader’s marketplace posted an 11 per cent increase in revenue, going up to £238.2m. [...]
‘Too weak’: Sadiq Khan slammed over Tube strike TODAY November 10, 2022 Greater London Authority’s Conservatives have blamed mayor Sadiq Khan for today’s Tube strike. “Londoners are facing yet another disruptive strike under Sadiq Khan’s watch, despite his broken promise of zero strikes,” GLA transport spokesperson Nick Rogers said yesterday “Militant unions are striking because they know Sadiq Khan is too weak to stand up to them [...]
Union GMB accuses Addison Lee of delaying workers’ compensation as operator goes back to court November 9, 2022 Union GMB has accused Addison Lee of preventing workers from obtaining their compensation after lawyers for the private hire service challenged a Court of Appeal decision from April 2021 on workers’ status. According to the union, Addison Lee said workers’ status should be argued once again in an Employment Tribunal tomorrow. “This once prolific minicab [...]
Jaguar Land Rover’s revenue surge on Range Rover production November 9, 2022 Jaguar Land Rover’s revenue has surged over the last quarter driven by the ramped up production of Range Rover and Range Rover Sport models. The luxury car maker posted a revenue of £5.3bn – up 36 per cent on last year’s levels and 20 per cent higher than last quarter. Order book increase to 205,000 [...]
FirstGroup eyes long-term contract for Avanti following focus on improving timetables November 9, 2022 FirstGroup is working to deliver a long-term government contract for its hailed subsidiary Avanti as the group focuses on ensuring “acceptable” service levels to passengers. “Our complete focus in the second half will be on operational improvements and delivering acceptable passenger service levels,” chief executive Graham Sutherland told analysts this morning. Avanti made the headlines [...]
Double-digit growth for ITV Studios saves the day November 9, 2022 ITV appeared to survive its own bush tucker trial this quarter, with its studios arm saving the day with double-digit growth. I’m a Celebrity maker delivered a 16 per cent boost in revenue to £1.4bn, as ITV Studios continues to grow ahead of the market with a roster of big-hitters, like Love Island. Although total [...]
Aviva vows to launch another share buyback scheme in bid to appease activist investors November 9, 2022 Aviva has vowed to continue returning “surplus capital” to shareholders, through the launch of another share buyback scheme. The British insurer set out plans to start buying back more of its shares from investors, without saying the value of shares it plans to repurchase, as it faces continued pressure from activist shareholders to boost investors’ [...]
Taylor Wimpey on track for £922m full-year profit despite increasing cancellations November 9, 2022 Taylor Wimpey remains on track to deliver a full-year operating profit of around £922m despite reporting an increase in cancellation rates. In the last six months, the home builder reported a net private sales rate of 0.51 homes per outlet per week – down 44 per cent on last year’s levels. Cancellation rates also rose [...]
