Households will save £400 on energy bills if clock change is ditched October 18, 2022 Households could save more than £400 per year if daylight savings time was axed, according to a study from Queen's University Belfast.
Rio Tinto fears recession and Covid clampdowns will hit iron ore shipments October 18, 2022 Iron ore demand will be weighed down by a global slowdown in commodity markets, warned Rio Tinto.
UK borrowing costs fall below US, Italian and Greek equivalents after Hunt mini-budget reversal October 18, 2022 UK borrowing costs have dropped below their European and transatlantic counterparts after new chancellor Jeremy Hunt tore up prime minister Liz Truss’s tax cutting mini-budget. Since Truss and her former chancellor Kwasi Kwarteng decided to launch £45bn of unfunded tax cuts in a bid to boost economic growth, gilt yields have shot higher. Rates on [...]
Asset value up 16 per cent for early stage investors B.P. Marsh October 18, 2022 Investor in early stage financial services, B.P. Marsh increased its asset value in the first half of the year by 16 per cent to almost £180m. The company’s holdings swelled to £179.8m compared to £155m at the same period in 2021, while its net asset value per share increased to 499p, up from 430.4, last [...]
Housebuilder Bellway banks record revenue – but inflation eats into profits October 18, 2022 Bellway has recorded yet another record revenue amidst the UK’s housing market boom, but rising inflation has significantly eaten into profits. The FTSE housebuilder’s revenue grew 13.3 per cent to £3.53bn in the year to 31 July, up from £3.12bn a year prior. However, Bellway’s pre-tax profit has plunged more than a third over the [...]
Explainer-in-brief: NHS walkouts put strike laws front and centre October 18, 2022 Over the summer, Britain saw strikes from train staff, lawyers, postal workers and a handful more professions. But the NHS could soon face strikes over the winter, with Unison, the trade union which represents nurses, ambulance staff and hospital cleaners, set to ballot its 400,000 members later this month. It will likely bring to a [...]
Lookers begins £15m buyback programme as it raises year profit October 18, 2022 Lookers has begun a £15m share buyback programme as it raises profit forecasts for the full-year. The car dealership chain announced today that, encouraged by strong trading in the third quarter, it now expects profit before tax for 2022 to be ahead of previous expectations to no less than £75m. “We have built on the [...]
Open Orphan announces experienced chartered accountant as new CFO October 18, 2022 Leading firm in tackling infectious diseases, Open Orphan, has announced a new chief financial officer and executive director. Stephen Pinkerton, 59, will tae over both roles at the contract research organisation, following the departure of Leo Toole as CFO. Toole joined its board following the acquisition of hVIVO, helped improve its finances and then supported [...]
Liz Truss: I will lead Tories to next election October 18, 2022 Prime minister Liz Truss insisted she will lead the Tories into the next election, during a tense interview on the BBC last night. The embattled PM apologised for mistakes saying her tenure “hasn’t been perfect,” but she had “fixed” errors. This comes amid reports of Conservative plotting to replace her, following yesterday’s swathe of U-turns [...]
888 blames increasing UK safety controls for falling revenue October 18, 2022 Gambling giant 888 has blamed increasing safety controls for online users in the UK and the closure of its Netherlands operations for its slipping revenue. The Netherlands made up around four and six per cent of the 888 and William Hill brands respectively. Revenue fell seven per cent year-on-year to £449m in the three months [...]
