All you need to know: Ukraine blames Russia for ‘war crime’ Kakhovka dam explosion June 6, 2023 Ukraine blames Russia for the bombing of the Kakhovka dam, with thousands now set to be hit by floodwaters and concerns over a nuclear plant
Ofgem slaps SSE with £10m fine for overcharging National Grid June 6, 2023 Energy giant SSE is to pay a £9.8m penalty after breaching its generation licence, the industry regulator has announced.
Primark owner buys up milk records-keeper in near-£50m deal June 6, 2023 Primark-owner ABF has bought National Milk Records, a key part of the milk industry, as it strengthens its agri-food business
Simply Be and Jacamo owner hit by revenue fall and warns 2024 will be tough June 6, 2023 The owner of Simply Be and Jacamo has told investors that it expects the hangover of high inflation and low consumer confidence to continue to impact the business next year, as the retailer posts a 82.6 per cent decline in profit before tax. N Brown, which trades solely online posted a 5.3 per cent decline [...]
“Russian terrorists”: Kremlin blamed for catastrophic Ukraine dam blast that could leave thousands homeless June 6, 2023 A major Soviet-era dam in the Russian controlled part of southern Ukraine was breached on Tuesday, unleashing floodwaters across the war zone in what both Ukraine and Russia said was an intentional attack by the other’s forces. Unverified videos on social media showed water surging through the remains of the dam with bystanders expressing their [...]
Morning in the City: Paragon, N Brown, ABF, Zopa and the CBI’s crunch vote June 6, 2023 Welcome to the live blog on Tuesday 6 June. This morning we will be covering results including Paragon bank, N Brown, Association British Foods, and of course, the crunch vote with the Confederation of British Industry.
CBI to face no-confidence vote today with future in the balance June 6, 2023 The CBI will find out if it has a future after a vote of members that is effectively a confidence vote in the body's new leadership.
Cost of weekly shop continues to rise as Brits opt for TV nights in June 6, 2023 Brits are continuing to fork out more on their weekly shop, with households spending 8.9 per cent more on groceries year on year, with the nation increasingly turning to takeaways and nights in front of the telly in efforts to cut down on spending costs. During May, consumer card spending rose just 3.6 per cent [...]
Britain’s inability to build seems our greatest weakness June 6, 2023 Like hardy garden perennials, politicians have topics they can safely return to again and again – particularly helpful if you have nothing overly new to say. One such is the thorny subject of skills. We have, for years now, been promised some version of a revolution in the way we develop ‘skills’ in the economy; [...]
The Notebook: Victoria Scholar on stocks, China and Spiderman June 6, 2023 The notebook is a place where interesting people say interesting things. Today, it’s Victoria Scholar, head of investment at Interactive Investor The market mood is picking up with the S&P 500 enjoying its best week since March. The Dow surged over 2% on Friday, its biggest one-day gain since January and the Nasdaq Composite completed [...]
