Issa brothers’ EG Group posts subdued profit due to cost of living pressures on consumers September 1, 2022 The Issa brothers’ EG Group has posted subdued profit for the second quarter, as the petrol station forecourt operator said “the cost-of-living squeeze remains front of mind for all of us.” EG Group saw group EBITDA slump 6.5 per cent to $355m (£308m), for the three months to 30 June, it shared on Thursday. The [...]
Johnson pledges £700m for Sizewell C nuclear power plant September 1, 2022 Boris Johnson has promised fresh funding for the Sizewell C nuclear power project to boost domestic energy generation.
Banks and energy companies should share burden of record energy bills September 1, 2022 Banks and energy companies shareholders should help finance a sustained freeze on record household energy bills.
UK’s review of remote working holidays sparks tax crackdown fears September 1, 2022 The UK’s Office for Tax Simplification (OTS) has opened a review into those who work abroad remotely, in a sign the government may soon begin to crack down on remote working holidays. The OTS has begun collecting data on people who work for UK companies from abroad, following a major uptick in the numbers of [...]
US blocks chip duo from selling certain chips to China and Russia September 1, 2022 The US has successfully blocked two American chip companies, Nvidia and AMD, from selling certain chips to China and Russia. As part of the country’s newly passed $52bn Chips Act, companies taking advantage of the support and desirable subsidies package on US soil must comply with a new regulation – which seeks to limit the supply of [...]
Energy UK backs scheme to cut down profits from renewable generators September 1, 2022 Energy UK has called for nuclear plants and electricity generators to ditch their lucrative renewable obligation contracts.
Art dealers and letting agents drive uptick in anti-money laundering registrations September 1, 2022 Art dealers, letting agents, and estate agents are driving an uptick in the number of UK businesses registering for anti-money laundering (AML) supervision with HMRC. The total number of businesses signing up to HMRC’s AML register increased 0.9 per cent from the financial year 2020-21 to 2021-22, analysis of public available data by AML verification [...]
OnlyFans profit surpasses records with 2m creators on adult video platform September 1, 2022 OnlyFans has posted its largest yearly growth to date with the adult video platform saying its creators earned almost $4bn last year. The London-based tech firm’s pre-tax profits swelled to $433m, full year results for the period ended 30 November 2021 revealed on Thursday. Pre-tax profits have shot up since 2020, when OnlyFans posted $61m, [...]
EU considers bloc-wide tax on energy prices as winter crisis deepens September 1, 2022 The EU could bring in a bloc-wide tax on energy profits and cap prices as it ramps up its response to an escalating winter crisis.
Meta accused of breaching workers rights over union rep cleaner’s dismissal September 1, 2022 Meta has been accused by Amnesty International of breaching workers’ rights over claims a Bolivian cleaner working at its London offices was fired for being a union rep. The Facebook owner is set to face a protest outside its Brock Street offices on Friday ahead of the start of an unfair dismissal tribunal on Wednesday [...]
