Investors reach for the bottle as inflation soars August 9, 2022 Nervous investors are turning to wine as a steady store of value as inflation climbs.
London’s Right to Buy-back scheme unlocks over 1,500 council homes August 9, 2022 More than 1,500 London homes have been brought back into public ownership over the past year, under London mayor Sadiq Khan’s Right to Buy-back scheme. The scheme, announced last July, aims to boost the capital’s supply of council homes, giving 14 boroughs access to £15m to buy back properties which have been – or will [...]
Avast operating profit sink ahead of £7bn takeover August 9, 2022 Antivirus software giant Avast’s operating profit has sunk so far this year, as it looks set for a takeover by fellow cybersecurity heavyweight NortonLifeLock. Operating profit plunged by $54.2m (£44.8m), from $226.7m (£187.6m) to $172.6m ($142.8m), which bosses said had been driven by higher exceptional and other costs. While revenue inched 0.2 per cent higher [...]
Exclusive: Energy giants urge struggling customers to get in touch ahead of winter August 9, 2022 Some of the biggest energy firms have encouraged worried customers to make contact with them as soon possible.
Coca-Cola HBC acquires Greek bartenders’ mixer firm Three Cents August 9, 2022 Coca-Cola HBC has snapped up premium mixer firm Three Cents for €45m, the global beverage titan announced on Tuesday. The transaction is expected to be completed in the second half of 2022 and is subject to customary closing conditions and regulatory approvals. Three Cents is publicly listed in Greece and was founded in 2014 by [...]
Housebuilder Bellway boasts record £3.5bn revenue as UK property prices soar August 9, 2022 Bellway, one of Britain’s largest housebuilders, has boasted a record annual housing revenue of £3.5bn, bosses announced today. The figure has grown by more than £1bn since 2020, and some £400m since last year. Despite raw material and labour cost inflation, Bellway’s housing completions jumped by 10.5 per cent in the year to 31 July, [...]
Legal & General weathers economic storm, handing out £2.5bn in dividends since 2020 August 9, 2022 Legal & General, one of the UK’s oldest financial services firms, has weathered the country’s worsening economic climate, having declared £2.5bn of dividends since 2020. The London-headquartered company, which offers pensions, life insurance and investment services, has navigated financial and economic crises in the UK for more than 180 years. Legal & General, which also [...]
Holiday Inn owner sees group profit more than double after hotel demand returns August 9, 2022 Holiday Inn owner InterContinental Hotels Group has seen group profit more than double versus 2021 after a recovery in demand for travel. The London-listed firm said it was also reintroducing an interim dividend at a level 10 per cent higher than when last paid and launching an initial $500m share buyback. Revenue for the first [...]
Heatwave drives retail sales but autumn slowdown anticipated as inflation masks falling volumes August 9, 2022 The summer is set to be “the lull before the storm,” with consumers splashing out on heatwave essentials at the tills while inflation masks a drop in volume sales. UK retail sales increased 1.6 per cent on a like-for-like basis from July 2021, according to the British Retail Consortium (BRC) and KPMG sales monitor. However, [...]
Automation isn’t about replacing staff with machines, it’s about focused work August 9, 2022 Scanning the candidates vying to become the next prime minister, the most immediate question springing to mind is: who on Earth would want that job? Soaring inflation, snarled supply chains, labour shortages and some of the detrimental effects of Brexit are plaguing our country. Whichever way you look at it, the UK finds itself in [...]
