Global deal making frenzy lifts Barclays profits to record high October 21, 2021 Barlcays has ridden the wave of a booming global deal making frenzy to post its strongest ever third quarter results. The UK banking behemoth registered a pre-tax profit of £6.9bn in the year to the end of September, its best take ever. The standout performance was driven by Barclays’ investment banking division posting its best [...]
CAZ and ULEZ could cost city drivers up to £40m per month October 21, 2021 Ultra-low emission zones (ULEZ) and clear air zones (CAZ) could cost 110,000 people that drive through them in London and Birmingham up to £40m per month, warned digital bank Zopa. In a research published, today the bank revealed that – as the ULEZ charge is set to expand on 25 October – purchasing a ULEZ [...]
Ethics – the foundation for a better world October 21, 2021 This week has been a special one for us at ACCA. Wednesday was Global Ethics Day – an important occasion in the calendar that we celebrate annually as it aligns with our values. It’s a day where businesses and individuals can reflect and explore the meaning of ethics and their impact on life and society. [...]
Roaring inflation to shove government borrowing back to expected levels October 21, 2021 Roaring inflation will shove government borrowing back to expected levels in the coming months. Surging energy prices, compounded by a jump in the rate of VAT for hospitality businesses, will drive sharp price rises, swelling the government’s interest bill. Further pressure on the public finance from higher debt servicing costs will bring “borrowing in the [...]
Vivo Energy will open more sites than planned this year October 21, 2021 Shell fuel distributor Vivo Energy has reported a slight increase in gross cash profit, in a trading update. The pan-African retailer posted gross cash profit was grew four per cent compared to the third quarter of 2020, in an update for the quarter ended 30 September 2021. Gross cash profit hit $195m, compared to $187m [...]
Potential Covid Plan C could ban household mixing October 21, 2021 Under a potential Plan C for Covid-19 that is currently being discussed by Cabinet officials, household mixing could be banned, the Telegraph reported. Health secretary Sajid Javid said “at this point” the government would not implement measures such as mandatory masks, vaccine passports and the advice to work from home, instead recommending people to meet [...]
Fintech PensionBee revenue jumps following listing October 21, 2021 Fintech PensionBee has reported year on year revenue growth of 110 per cent. Its revenue hit £8.9m over the nine months to September 2021, compared to £4.2bn in September 2020, it revealed in results for the nine months to September 30. The company hit 602k registered customers in the third quarter of the year. Adjusted [...]
Countries are lobbying to change climate report ahead of COP26 October 21, 2021 Leaked documents have shown that several countries – including Australia, Saudi Arabia and Japan – are lobbying to change an important climate report ahead of the COP26 summit, the BBC reported. Countries are reportedly asking the UN to downplay the need to move away from fossil fuels, in addition to paying poorer countries more to [...]
AJ Bell customer numbers leap as Covid measures ease October 21, 2021 Investment platform AJ Bell’s customer numbers swelled 30 per cent in its previous financial year. Results for the year ended September 30 showed total customer numbers increased to 382,754. In the final quarter of the financial year, net new platform customers increased 16 per cent and platform net inflows increased by 78 per cent, compared [...]
Public sector net borrowing records second highest September ever October 21, 2021 The UK public sector net borrowing (PSNB) was £21.8bn in September 2021, the second highest September borrowing since monthly records began in 1993 and only £7bn short compared with September last year. Comparing financial years to September, data from the Office of National Statistics (ONS) also highlighted that PSNB in September 2021 came in second [...]
