Thames Water announces hosepipe ban impacting 15m across London and the South August 17, 2022 Thames Water has announced a fresh hosepipe ban, impacting 15 million customers across London and the south of England.
High commodity prices boost bin collector Biffa’s recycling revenues August 17, 2022 Waste collection company Biffa today posted “strong” financial results as high commodity prices bolstered the firm’s recycling business whilst offsetting far-reaching inflationary pressures. The High Wycombe headquartered firm said it had cut its statutory losses by 57 per cent from £40.5m in 2021 to 17.6m in 2022. The stronger financial performance came as Biffa’s [...]
Persimmon hands £750m to shareholders so far this year August 17, 2022 Persimmon, one of the UK’s largest housebuilders, has handed £750m to shareholders since the beginning of this year as the country’s housing market booms. The average selling price of a home has grown by a little under £10,000 over the past 12-months. “House prices have proved remarkably robust since the pandemic began, buoyed by pent-up [...]
Plus500 launches $60.2m share buyback after jump in profits August 17, 2022 FTSE 250 fintech firm Plus500 said its profits had surged to $312.6m in the first six months of the year as it unveiled a bumper buyback programme to put excess cash back in shareholders’ pockets. Bosses said pre-tax profits had jumped to $312.6m in the six months to the end of June, up from $188.7m [...]
Victims of infected blood scandal to be given £400m by October August 17, 2022 The government will pay out £400m by October to thousands of people impacted by the so-called ‘infected blood scandal’ Up to 4,000 people will receive payments of £100,000 after contracting HIV and hepatitis C as a result of being given products imported from the US. Many were given infected blood as children in the form [...]
Profits climb for Balfour Beatty as order book remains strong August 17, 2022 Construction firm Balfour Beatty posted a 10 per cent increase in the order book in the first half of the year to £17.7bn, showing the ongoing momentum in the sector despite inflationary pressures.
Pubs feel pinch of energy and supply chain inflation August 17, 2022 HOSPITALITY businesses renewed calls yesterday for an emergency VAT cut as the sector deals with rampant energy hikes. New research released yesterday suggested that most bars and restaurants are dealing with “significant” energy cost hikes whilst a majority are also seeing dramatic hikes in their food and drink costs. The new data, compiled by consultancy [...]
City Moves: Who’s switching jobs in the Square Mile? August 17, 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. Royal Park Partners Fintech financial advisory firm Royal Park Partners has built out its leadership team with an ex-Barclays dealmaker. Joining as a senior director, Niccolò Gamaleri will help support fintech founders and private equity-backed companies through [...]
Our kids are getting their news from TikTok – and Putin is using it against us August 17, 2022 Every year, telecoms regulator Ofcom releases a survey on how people consume the news. This year’s winner was TikTok, the fastest growing news source between 2020 and 2022. In the UK, the Chinese-owned app was as popular for news as Sky News’ website and app. Among teenagers in particular – those between 12 and 15 [...]
The Conservative case for net zero is the only one that makes sense to cut our bills August 17, 2022 Only the Conservatives can meaningfully make the UK net zero without overzealous intervention.
