MPs: Pubs need tax overhaul to thrive in post-pandemic recovery February 9, 2022 A cross-party report has urged the government to overhaul the tax system in order to help the pub industry recover from its pandemic woes. The All-Party Parliamentary Group on Pubs (Pubs APPG) heard from more than 15,000 publicans, consumers and sector bodies. The group examined the impact of the Covid pandemic on pubs and what [...]
Lewis Silkin set to leave its City HQ for £2.5bn Southbank development February 9, 2022 London law firm Lewis Silkin is set to leave its City of London headquarters and move south of the River Thames, as it seeks to sharpen its focus on its media and tech clients. The commercial law firm, which first started operating out of offices on Rye Lane, Peckham in 1950, said it will move [...]
London crowned UK second most congested city while overall levels go down February 9, 2022 While overall levels continue to decrease, London was crowned the UK’s second most congested city after Edinburgh. According to TomTom’s traffic index, in 2021 alone 14.8 megatonnes of CO2 were emitted as a result of London’s road traffic, of which 2.2 megatonnes came directly as a result of congestion. “Our data shows that the environmental [...]
Equinor shareholders receive $10bn after energy firm reports booming profits February 9, 2022 Equinor will pay out $10bn to shareholders this year, after reporting record fourth-quarter pretax profits.
Truss travels to Russia today in bid to ‘de-escalate’ Ukraine crisis February 9, 2022 Liz Truss will meet Russia’s foreign minister in Moscow today in a bid to de-escalate the Ukraine crisis and “pursue a diplomatic solution”. The foreign secretary said in the lead up to her trip that Russia “should be in no doubt about the strength of our response”, referencing the raft of sanctions Nato countries will [...]
John Menzies shares take off after firm rejects £468m takeover proposal from Kuwait company February 9, 2022 John Menzies’s shares took off this morning, soaring 34.03 per cent after the airport services firm rejected a £468m ($636m) takeover proposal. The Edinburgh-based company said the proposal made by Kuwait firm Agility Public Warehousing was “entirely opportunistic” as it undervalued the company’s worth. The aviation services provider said Agility Public Warehousing’s proposal of buying [...]
Investing’s first principles and why the discounted cash flow model remains an absolute necessity February 9, 2022 I couldn’t sleep. I knew something was wrong. The numbers just didn’t make sense. For years, pipeline energy analysts seemed to be adjusting their valuation models for pipeline master limited partnership (MLP) stocks in order to explain what was happening to the price. But why? Why adjust the models for one set of companies and [...]
Is Bitcoin’s fighting start to February losing momentum? February 9, 2022 After a strong start to the week, the crypto markets dipped slightly yesterday. The Bitcoin price reached a four-week high of more than $45k on Monday, but it has dropped by about two per cent in the last 24 hours and is currently changing hands at around the $43,500 mark. Can it regain momentum? Over [...]
Pandora sparkles as organic growth exceeds guidance February 9, 2022 Danish jewellery maker Pandora has recorded record revenue in its fourth quarter results, driving its share price up on Wednesday morning. The charm-bracelet manufacturer reported full year organic growth of 23 per cent compared to 2020, exceeding guidance. Its earnings before interest and tax margin grew 25 per cent, also higher than anticipated. Sales were [...]
Windfall tax plans rubbished by economists after oil giant’s losses last year February 9, 2022 Economists and BP's boss rejected calls yesterday for a windfall tax on energy giant announced healthy profits.
