Battersea Power Station: How London’s newest village was brought back to life February 6, 2025 From the UK’s biggest power station to international cultural fame on Pink Floyd’s tenth album, to near-ruin, Battersea Power Station has claimed multiple identities over the years. Now, the power station has entered its newest – and quite possibly cleanest – phase, as a multi-use residential, arts and office hub. A £9bn project has transformed [...]
FTSE 100 surges to new high ahead of Bank of England vote February 6, 2025 The FTSE 100 has ticked up to another new all-time high this morning, ahead of the Bank of England’s decision over whether to cut interest rates later today. The FTSE 100 opened 0.8 per cent up this morning at 8,695.24, pushing the index just above the record 8,692 it achieved last week. The FTSE 100 [...]
Compass: Revenue surges as acquisition drive continues February 6, 2025 Catering company Compass Group recorded organic revenue growth of 9.2 per cent last quarter, with all divisions contributing to growth. The FTSE 100 food service group reported 9.7 per cent organic revenue growth in North America, 8.4 per cent in Europe, and 7.9 per cent in the rest of the world, it said in a quarterly [...]
Watches of Switzerland: Rolex retailer bolstered by US sales February 6, 2025 Watches of Switzerland has expressed optimism about the European luxury market and noted momentum in the US, in the latest signs the global luxury market is beginning to recover from a two-year downturn. The watch retailer said the luxury market, which has been under pressure from lower disposable income and changing trends, has stabilised. The [...]
Babcock hikes guidance amid Skynet ramp up February 6, 2025 Defence firm Babcock has hiked full-year guidance for revenue and profit as business in its Nuclear and Marine segments has boomed. The FTSE 250 group said on Thursday it expects underlying operating profit to exceed the top end of analyst expectations, which were in the range of £327.1m to £339.7m. Revenue is expected to come [...]
Astrazeneca revenue surges amid Chinese import tax allegations February 6, 2025 Astrazeneca’s revenue jumped 21 per cent last year despite growing troubles over its presence in China. The pharmaceutical giant recorded $54bn (£43.3bn) in revenue for the year, a jump of 21 per cent on 2023’s levels. In its full-year results, the largest FTSE 100 firm revealed that revenue in Europe had skyrocketed 37 per cent. [...]
Discounts push retail footfall to first January rise in nearly a decade February 6, 2025 Retail footfall rose year on year in January for the first time since 2016, although the boost was likely due to Brits delaying festive spending in favour of discounted goods in the new year sales. Footfall rose by 1.4 per cent in January 2025 compared to 2024 in all UK retail destinations, according to data [...]
Overhaul of planning barriers to nuclear power, Starmer announces February 6, 2025 An overhaul of planning barriers to make it easier to build new nuclear power plants has been announced by Keir Starmer. The move will create thousands of highly skilled jobs, the government said, as the Prime Minister confirmed red tape would be “slashed” in a bid to fast-track approval of reactors. It is set to [...]
Canada wants to restart trade talks with UK, amid Trump tariffs row February 5, 2025 Canada wants to restart discussions on a free trade deal with the UK, amid a row with US President Donald Trump over tariffs. It comes as Trump put a pause on the 25 per cent tariffs he plans to impose on Canadian imports, after Canadian Prime Minister Justin Trudeau struck a deal over migration and [...]
UK’s audit chief ‘open to learning’ from Elon Musk’s DOGE in US February 5, 2025 The head of the government’s spending watchdog has said he is open to learning from Elon Musk’s US “department of government efficiency”, or DOGE. Gareth Davies, the UK’s chief auditor, gave his annual speech to Parliament on Tuesday, warning that money was being “wasted” and public services “compromised” as he stressed that there was a [...]
