London rents grow by largest-ever amount to an average £2,343 a month October 21, 2022 London rents have grown by the largest-ever amount over the past 12-months, according to property site Rightmove, to an eyewatering average of £2,343 a month. Those living, or looking to live, in the capital are increasingly leaning towards rental properties, as the cost to buy a home rockets. But Londoners are not just being hit [...]
ULEZ 2021 expansion brings additional £100m to TfL coffers October 21, 2022 Last year’s expansion of the ULEZ has brought an additional £100m into TfL’s coffers, according to a research published today. TfL data analysed by the RAC show that 1.9 million journeys were made into the ULEZ, following its expansion to encompass the North and South Circular roads in October 2021. It amounts to £93.6m of [...]
Philip Morris sweetens bid to snap up snus maker Swedish Match October 20, 2022 Philip Morris has sweetened its bid to grab smokeless tobacco specialist Swedish Match, as the cigarette giant makes a desperate push into alternative categories. The Malboro maker has today raised its offer for the nicotine pouch maker to 116 kronor ($10.34) per share from 106 kronor, hoping to finalise the takeover and appease hedge funds [...]
Uniper in need of another cash boost as Germany scraps gas levy October 20, 2022 Uniper is in need of another hefty cash injection after a previous scheme to help finance the ailing importer was scrapped.
EU court adviser throws spanner in the works for telcos consolidation October 20, 2022 A top EU lawyer has undermined hopes of consolidation in the telcos sector after it backed a 2016 ruling that blocked a major £10.3bn merger. It comes after Advocate-General for the EU Court of Justice (ECJ) Juliane Kokott said this morning that a previous ruling involving Telefónica’s O2 and CK Hutchison’s Three, which went against [...]
Oil prices remain firm as China considers easing Covid-19 restrictions October 20, 2022 Oil prices have risen slightly on both major benchmarks, amid reports China is considering easing Covid-19 quarantine measures.
UK borrowing costs cool after Truss quits as shortest serving PM ever October 20, 2022 UK borrowing costs scaled lower today after Liz Truss exited as the shortest serving prime minister on record at 44 days. Yields on the 10-year gilt dropped around 27 basis points to 3.8 per cent after Truss resigned in the early afternoon. They had been trending higher during early trading. Rates on the 30-year gilt, [...]
Booming oil and gas prices power Woodside Energy to record revenues October 20, 2022 Woodside is revelling in record revenues, powered by firmer energy prices and its merger with BHP Group's petroleum assets.
What does Liz Truss’s resignation mean for Bitcoin and Sterling? October 20, 2022 The sudden resignation of the Prime Minister today has sent ripples of positivity across the markets where the pound has risen and crypto appears unmoved.
Absolut vodka maker Pernod Ricard cashes in on hospitality return October 20, 2022 Spirits giant Pernod Ricard posted fizzing sales for the first quarter after the return of international holidays has spurred spending in pubs and bars. Sales grew 22 per cent, as the Absolut vodka maker raked in €3.3bn in revenue, surpassing its forecasts. Tourists spending cash at bars and restaurants had boosted trade in Europe, following [...]
