SSE profits soar in line with energy prices as windfall tax expansion looms November 16, 2022 Energy giant SSE reported a 221 per cent surge in pre-tax profits for the first half of the year today on the back of spike in gas and electricity prices this year.
British Land portfolio value dwindles as economic downturn weighs on real estate November 16, 2022 British Land, one of the largest property trusts in the UK, has had its portfolio value dwindle in the past six months as the economic downturn weighs on real estate. The London-listed group reported underlying profit growth of more than 13 per cent to £136m. However, its portfolio value sank three per cent, dragged by [...]
Premier Foods boosted by consumers eating at home amid rising inflation November 16, 2022 Premier Foods’ revenues continue to rise despite inflation, as the cost of living crisis pushes consumers towards cheaper brands. The London-listed food group, which owns Batchelors, Bisto and Lloyd Grossman brands, has continued to perform well under economic pressure in the UK and across the world. Group revenue rose more than six per cent to [...]
Revenue climbs for Sage as cloud business bolsters full year November 16, 2022 Sage Group shot to the top of the FTSE 100 this morning as its cloud business bolsters full year results. The London-listed company posted organic recurring revenue growth of nine per cent to £1.82bn, underpinned by Sage Business Cloud growth of 24 per cent. Northern Europe (UK & Ireland) achieved organic recurring revenue growth of [...]
City Moves: Who’s switching jobs in the Square Mile? November 16, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. DWS German asset manager DWS has built out its London office with a new head of infrastructure research, poached from Fitch Solutions. Richard Marshall will be responsible for supporting research on the global infrastructure market and the [...]
Exclusive: Shopify boss banks on big Black Friday as ‘last cheat meal’ before 2023 hiatus November 16, 2022 Shopify’s European chief says that despite the cost of living crisis, Brits are still planning to spend big this Black Friday, calling it the “last cheat meal before you start a really big diet”. In new data released today, the commerce firm revealed that although inflation was hitting hard, where 78 per cent of people [...]
Appease the markets and his own party? Jeremy Hunt has a frightful task November 16, 2022 Tomorrow, Jeremy Hunt needs to deliver a plan that both wins the confidence of the city – and the financial markets – and is politically palatable. This comes off the back of a narrative which has converged around terms like “black holes” and “difficult decisions”. The emerging theme is that there is a gap in [...]
We’ve been using digital identities for years without impinging on our civil liberties or freedom November 16, 2022 I hate to break this news, but we have had digital identities in the UK for several years now.
Everyone wants a pay rise, but we will have to pay with cuts to jobs or services November 16, 2022 The nation seems to be in the grip of an epidemic of cognitive dissonance. Where is Matt Hancock when we really need him to impose a lockdown and save us from this menace? Two major events have put huge strain on the public finances. The pandemic led to government borrowing of some £400bn, around 20 [...]
Oil firms dish out dividends as energy crisis sends profits soaring November 16, 2022 Oil firms have been dishing out bumper sums to shareholders as a crisis in the energy sector drives profits to record levels, according to research released today.
