‘You can’t catch a break’: Leaseholders face high insurance fees amid cost of living crisis May 12, 2022 Leaseholders have said soaring building insurance fees amount to “daylight robbery,” amid the City watchdog’s probe of the market. The Financial Conduct Authority (FCA) was asked to review the insurance market for blocks of flats earlier this year, after housing minister Micheal Gove said he was “extremely concerned” by accelerating costs faced by leaseholders. In [...]
Queen’s Speech starts to tip the scales for renters May 12, 2022 This week’s Queen’s Speech has been heavily criticised for failing to ease cost of living concerns, and for letting down struggling families and vulnerable groups in our society. And fairly so. Progress has been made, however, on one crucial area of concern for millions of people – “no fault” evictions. Their official name is Section [...]
Apple knocked off perch as world’s most valuable firm by oil giant Saudi Aramco May 12, 2022 Apple has been knocked off its perch of the world’s most valuable company by Saudi Aramco. The oil giant topped $2.426tn this on Wednesday, overtaking the iPhone-maker at $2.415tn, representing just over £10bn. This is the first time the state-backed Saudi Aramco has taken the top spot since 2020 according to the The Financial Times, [...]
BT teams up with Warner Bros for new sports venture in UK and Ireland May 12, 2022 BT Group has agreed to form a new sports joint venture with Warner Bros Discovery in the UK and Ireland. The telecoms giant confirmed the deal as it also reported that trading is “on the right track” despite a dip in revenues for the past year. In February, BT said it was in exclusive negotiations [...]
Heathrow hits back after Virgin Atlantic says airport ‘fleecing’ passengers with ‘disproportionate’ fees May 12, 2022 THE EXTRAORDINARY public spat between two of the world’s largest airlines and Heathrow airport moved into another stratosphere yesterday after Virgin Atlantic’s boss said Heathrow was “abusing its monopoly to fleece passengers.” Both Virgin and BA-owner IAG have hit out at Heathrow after the airport asked the Civil Aviation Authority (CAA) to allow it to [...]
JD Sports sales go up but group remains aware of headwinds May 12, 2022 Sports retailer JD Sports has announced an increase in sales but said it remained aware of market volatility and possible headwinds looming ahead. In the first 14 weeks ended 7 May, JD Sports’ revenues went up 5 per cent on the same period last year, as the group was left almost unscathed by a shortfall [...]
Superdry revenue increases after customers flock back to stores May 12, 2022 UK clothing company Superdry has posted an 8 per cent increase in group revenue after customers returned to the stores post-Covid. In the 12 months ended 23 April, Superdry’s revenue increased to £600m, driven by a 59.8 per cent growth in store revenue. Proceedings derived by Superdry’s e-commerce business, on the other hand, went down [...]
Balfour Beatty ‘well positioned’ for growth as trading remains in line with expectations May 12, 2022 Construction firm Balfour Beatty has announced it is “well positioned for 2022 and beyond” as trading continues to be in line with expectations. The group said its book order was at £15.6bn at the end of March and included a £530m construction project in Maryland, US. Between January and April, Balfour Beatty’s average net cash [...]
Ed Warner: It is time we sent London 2012 to the back of the cupboard May 12, 2022 It took me 20 minutes from the Central Line platform via Peloton Avenue to cover the half mile to the Lee Valley VeloPark. Admittedly I wasn’t exactly walking at Tom Bosworth pace, and a few hazy-memoried wrong turns out of Westfield didn’t help as I went in search of ‘10 Years On’, a new exhibition [...]
Welcome the era of integrated finance, led by banks and fintechs partnerships May 12, 2022 The digital revolution is transforming the way people do business and, whether we like it or not, innovation is now at the heart of our banking system. Traditional banks are no longer lone players in the field. Fintech innovators are gaining momentum by fully digitising their services and revitalising customer relations. These new players know [...]
