Iceland blames Russian war for whopping £95.7m energy bill November 14, 2023 Iceland, the frozen food supermarket, has blamed a “global surge” in wholesale prices following the war between Russian and Ukraine for its hefty £95.7m energy bill in the year to March. The value grocery chain, which specialises in frozen processed food, said that forking out for the “wholly unprecedented” charge led to a £35m loss [...]
EMEA and UK Q3 M&A: Down, but not out November 14, 2023 Hopes were high for EMEA M&A going into Q3. Unfortunately, that optimism didn’t translate into increased deal values and volumes for EMEA. Nearly every sub-region experienced decreased activity. So, were there glimmers of light across the region and in the UK & Ireland? And are there still deals to be done before the year closes? [...]
House prices to face pressure well into 2024 despite positive updates November 14, 2023 Recent data on the UK's housing market has pointed in contradictory directions, but analysts remain confident that house prices will remain subdued well into 2024.
Star investor Terry Smith’s payday falls to seven-year low of £31m as fund assets fall November 14, 2023 Billionaire Terry Smith has taken home his smallest pay package in seven years after his Fundsmith investment management firm saw a dip in profit and clients pulled out money.
Sterling surges to highest level since mid-September as US inflation falls faster than expected November 14, 2023 The pound jumped higher on Tuesday afternoon after new figures showed that US inflation fell faster than expected in October making further rate hikes in the US unlikely.
‘All options open’: Strikes threatened at Mirror and Express over Reach job cuts November 14, 2023 The National Union of Journalists (NUJ) has said "all options are open", including strikes, after Reach brutally slashed 450 jobs last week.
Brazil’s Natura sells The Body Shop to Aurelius in £207m deal November 14, 2023 Brazilian cosmetics maker Natura &Co has agreed to sell The Body Shop to private investor Aurelius Group in a deal that values the firm at £207m.
Three more lenders cut mortgage rates as others warned to ‘sharpen pencils or risk losing out’ November 14, 2023 First Direct, Halifax and HSBC UK have all cut their rates, while others have been warned they risk losing out.
Deutsche Bank appoints company veteran to head UK and Ireland following Numis deal November 14, 2023 Deutsche Bank has chosen long-serving Vathany Vijayaratna to become chief executive of its UK and Ireland division effective immediately, subject to regulatory approval.
Home working ‘slowing down’ all UK infrastructure projects, watchdog warns November 14, 2023 Working from home is "slowing down all infrastructure projects" in the UK, a key industry figure warned today.
