Inflation, Ukraine war and pandemic contribute to Jupiter Fund Management haemorrhaging profit and assets July 29, 2022 The London-listed Jupiter Fund Management haemorrhaged profits and assets in the first half of 2022 owing to the challenging geopolitical environment. Assets under its management (AUM) dropped to £48.8bn from £55.3bn at the end of March, while underlying profits were down to £53.9bn, from £79.8bn in the same period last year. Its statutory profits before [...]
Rightmove’s profits and revenue up while average of 1.5bn minutes spend on site a month July 29, 2022 Renting site Rightmove had a spike in both profits and revenues in the first half of the year, as customers spent an average of 1.5bn minutes on its site per month. It raked in £162m in the first half of the year, up nine per cent on 2021, while its operating profit was at £121.3m, [...]
Biden administration: 75,000 Russian troops have been killed or injured in Ukraine war so far July 28, 2022 Up to half the troops Russia has committed to the war in Ukraine have been killed or injured, according to classified information from the White House. Joe Biden’s administration officials told House lawmakers that 75,000 Russians have been killed or wounded during the ongoing war in Ukraine. Neither Russia or Ukraine have released official figures [...]
Martin Lewis begs Sunak and Truss to ‘sit down together and make a decision on soaring energy bills’ July 28, 2022 Martin Lewis has urged Tory leadership hopefuls to take action on eye-watering energy prices and “forestall the mental damage” debts will cause. The consumer champion who founded MoneySavingExpert.com said the situation with energy bills is reaching a “desperate” stage, and will impact on millions of households. He also warned the situation needed to be solved [...]
More than 100,000 Ukrainian refugees have settled in Britain since start of Kremlin’s war July 28, 2022 More than 100,000 Ukrainians fleeing the Kremlin’s war have made their homes in the UK. 25,300 who have had visas approved are still awaiting confirmation, through the Family and Sponsorship schemes set up earlier this year. More than 70,000 refugees arrived in Britain through the UK government’s sponsorship scheme, which allows applicants to settle if [...]
Meta: Instagram owner has first ever fall in sales revenue but monthly Facebook usage grows July 28, 2022 Facebook and Instagram owner Meta had its first ever drop in sales revenue in the first time in its history. The social media giant’s revenue stood at $28.2bn in the first three months up to June this year, down from $29bn in the same period last year, marking a one per cent fall. The Mark [...]
Lettings growth drives increase in revenue for London estate agent Foxtons July 28, 2022 Leading London estate agent Foxtons Group rode the wave of increasing lettings in the first six months of the year, despite a near 20 per cent drop in overall sales revenue. With the housing crisis continue to engulf much of the UK, Foxtons had a growth in revenue by three per cent. up from £63.4m [...]
Labour sacks shadow transport minister who defied Starmer and joined picket line July 27, 2022 Labour has sacked shadow transport minister Sam Tarry from its front bench after he defied Sir Keir Starmer’s order not to join a picket line. The disciplinary action comes as 40,000 RMT Union members at 14 unions walked out today and tomorrow over pay and conditions. A Labour Party spokesperson said the decision “isn’t about [...]
Met Office says this month was driest July since 1911 with just 25 per cent of average rainfall July 27, 2022 England has experienced its driest July since 1911 with under 25 per cent of average rainfall occurring. The Met Office made an announcement on Wednesday that there had only been 15.8mm of rain on average across the country over this month. This represents 24 per cent of the usual rainfall in England, while across [...]
Eurostar running special timetable and reduced hours due to national rail strike impact July 27, 2022 Eurostar is having to run a special timetable and reduced hours on UK rail lines as a result of national rail strikes. The route between London and the continent said its changes were announced last week, and there had been no unplanned disruption. This comes as more than 40,000 members of RMT working for Network [...]
