Triple Point: Social housing firm bets on Labour boost September 13, 2024 A listed social housing investor said the industry is set for a boost under the Labour government today as ministers prepare to tear up planning laws and kick off a housebuilding drive. Triple Point, which invests in supported accommodation, said in its half-year results that it is expecting a period of “greater political stability” that is [...]
Virgin Media O2 to offload stake in mobile tower network September 13, 2024 Virgin Media O2 has reportedly agreed to offload roughly eight per cent of Britain's biggest mobile tower network as the telecoms group looks to fund the expansion of its fibre broadband and mobile operations.
Volvere: Shire Foods owner sees profit rise again as costs stabilise September 13, 2024 Turn-around investment firm and frozen pie maker Volvere has seen its profit more than double after its food manufacturing division saw the cost of raw materials stabilise, it said today. The London-listed company, which owns frozen pie producer Shire Foods, saw its revenue increase to £22.2m in the six months ending June 30, 2024 – a record [...]
National Grid agrees sale of Electricity System Operator to government September 13, 2024 National Grid has struck a deal to sell its Electricity System Operator (ESO) to the government for £630m, paving the way for the division to transition into public ownership. The FTSE 100 utility said on Friday that it expected the transaction to be completed on 1 October, when the government and regulator Ofgem aim to [...]
Grangemouth: £100m support package pledged after oil refinery closure September 13, 2024 The Scottish and UK governments pledged a £100m support package for Grangemouth yesterday after bosses at Petroineos announced Scotland’s only oil refinery is to close with the loss of 400 jobs. The company confirmed to staff at the site on Thursday that the refinery will close in the second quarter of 2025 – with it [...]
New rail line connecting Midlands and North West set to deliver £70bn economic boost September 13, 2024 “Doing nothing is not an option”—this was the message today as a consortium of business leaders and politicians unveiled ambitious plans for a new rail line connecting the Midlands to the North West. The proposed rail link, set to connect Lichfield in Staffordshire to High Legh in Cheshire, could add an estimated £70bn to local [...]
Retail group calls for ‘rates corrector’ in next Budget September 13, 2024 High business rates and other bills have led to an overtaxing of the retail industry compared to its size in terms of GDP, according to fresh data. The British Retail Consortium found that retail pays 7.4 per cent of all business taxes – £33bn – a share 1.5 times greater than its share of the [...]
L’Oréal Paris’ biggest-ever beauty-wellness event comes to London September 13, 2024 Direct from Paris to Piccadilly, L'Oréal Paris is bringing its biggest ever experiential beauty event, The Worth It Experience, to central London .
Government must ‘offer hope’ to attract investment, CBI chief to argue September 12, 2024 The government must “have and offer hope” in order to attract global investors to bet on and back Britain, the chief executive of the Confederation for British Industry (CBI) will argue. In a rejection of No10 and the Treasury’s gloomy economic language, Rain Newton-Smith will use the CBI’s annual dinner in Glasgow to call for [...]
National debt: Government must reform or things will ‘blow up’ September 12, 2024 Sooner or later the British government is going to face a reckoning on the national debt.
