Transport secretary Mark Harper: My role is to facilitate rail talks – not negotiate November 29, 2022 Transport secretary Mark Harper has reaffirmed his role of facilitator in the railway negotiations. Harper wrote to general secretary Mick Lynch saying he saw a way forward “to meet everyone’s needs” and put an end to the rail dispute, especially after last week’s “constructive and positive” meeting. “By modernising working practices, we can deliver the [...]
Brits sit pat on Covid-19 savings mountain in sign of tougher recession November 29, 2022 Brits are sitting pat on the mountain savings they built up over the course of the Covid-19 crisis during lockdowns, official figures out today reveal. Households set aside £6.4bn in savings last month, £1.6bn higher than the average monthly deposit flow before the pandemic, according to the Bank of England. The figures illustrate consumers are [...]
Brexit: Small firms ‘not clamouring for bonfire of EU laws’ according to BCC survey November 29, 2022 Small firms are “not clamouring for a bonfire of regulations” from the EU after Brexit, with only four per cent of small firms understanding a bill paving the way for deregulation. More than 70 per cent of companies surveyed by the British Chamber of Commerce (BCC) did not know about the Retained EU Law Bill, [...]
Qatar’s World Cup boss admits ‘400-500 migrant workers have died’ November 29, 2022 Qatar’s World Cup boss has finally admitted that at least “400-500” migrant workers died while building infrastructure for the tournament. Hassan Al-Thawadi made his comments on Piers Morgan’s ‘uncensored’ talk show, as the competition progresses to the end of the group stage. Asked what the “honest realistic total” of the number of migrant workers who [...]
Explainer-in-brief: All time high migration, but do we want more? November 29, 2022 Last week Keir Starmer came out saying that British businesses should cease their “immigration dependency” and source more of their workforce in the UK. Labour has always had a more centrist stance on immigration, but Sir Keir is keen to make clear he’s not going to unravel Brexit if he is elected. His stance echoes [...]
Revenue climbs for incoming National Lottery operator Allwyn as it scoops up Camelot November 29, 2022 Incoming National Lottery operator Allwyn said revenue continued to climb steadily in the third quarter as the gambling giant gears up to takeover the lucrative government licence. Allwyn said revenue jumped 11 per cent in the recent quarter to €958.6m, whilst consolidated adjusted EBITDA was up 10 per cent to €319.9m. In September, the Czech based [...]
Wood Group shares plunge after warning investors of cash flow woes November 29, 2022 Shares in Wood Group plunged sharply this morning as the engineering and consultancy group warned investors it would not return to positive free cashflow next year. In a statement today, the London-listed group said it’s cashflow would return to black in 2024 onwards. Bosses at the group expect adjusted earnings before interest, depreciation and amortisation [...]
888 targets revenue of more than £2bn in 2025 November 29, 2022 Gambling giant 888 is aiming high, revealing a targeted revenue of more than £2bn in 2025 – over twice the revenue it reported in 2021. Ahead of its Capital Markets event later today, the firm, which recently acquired rival William Hill, said it expects adjusted core profit for the year to be in the range [...]
KitKat maker Nestlé pushes sales outlook higher and mulls sale of allergy business November 29, 2022 Nestlé has boosted its annual sales outlook, ahead of an investor meeting on Tuesday, while announcing it is considering the future of its allergy treatment business. The Kit Kat maker nudged its outlook for organic sales growth to between eight and 8.5 per cent, following a forecast last month of around eight per cent. In [...]
Revenue jumps for Wise thanks to customer flurry November 29, 2022 Wise said revenue climbed in the half year as the customer base balloons for the London-based fintech company. The money transferring service moved over £51bn for customers globally in the first half of the year, 49 per cent more than the previous year. As such, Wise said revenue also climbed 55 per cent from 2021 [...]
