‘You can’t interfere in the markets,’ Asda boss tells government over food price caps May 30, 2023 Veteran retail boss Stuart Rose has warned the government of “unintended consequences” around encouraging supermarkets to impose price caps on food staples to cut the cost of living. Asda chairman Lord Rose, who also ran Marks and Spencer and chaired Ocado, said “you can’t interfere in the markets” and warned of the “unintended consequences” of [...]
Drax under fire over US wood pellet plant breaking air pollution rules May 30, 2023 Drax insists it takes environmental responsibilities "very seriously" after a watchdog uncovered it had been breaching pollution laws.
What’s going on with PwC’s tax leak scandal? May 30, 2023 Big four accounting firm PwC has come under intense scrutiny in recent weeks over its Australian business, which has been caught up in a scandal over the misuse of information gained from a government contract. PwC Australia came under fire after the country’s parliament published emails showing that the firm used information it obtained while [...]
More to come: Bunzl doubles down on dealmaking bonanza as it sails past 200 acquisitions May 30, 2023 Ever-acquisitive outsourcing group Bunzl said it is eyeing yet another spate of deals today as it passed the 200 acquisition mark with the purchase of two Brazilian and Spanish safety distributors. In a statement this morning, the FTSE 100 London-based firm said it had struck two deals to buy Leal Equipamentos de Proteção, a specialised [...]
Scottish Mortgage rebuts former director’s barbs as boardroom bust-up continues May 30, 2023 The Scottish Mortgage Investment Trust has rebutted fresh claims from its former director Amar Bhide after he filed a complaint with regulators claiming that the firm misled investors over his exit.
Waitrose and M&S meal deal supplier Greencore reports revenue boost by a fifth May 30, 2023 A sandwich and sushi maker supplying UK supermarket giants from M&S to Waitrose has reported a surge in revenue after upping its prices – and revealed it axed around 250 jobs. Greencore told investors it sunk to a loss this year after battling higher costs. The Dublin-based convenience food manufacturing firm said its revenue jumped [...]
Global travel and weak pound fuels London prime property recovery amid fears of Labour stamp duty plans May 30, 2023 The return to global travel and the weak pound helped the fuel recovery of London’s prime property market in the first third of 2023. Data by estate agents Knight Frank, shows that sales on luxury pads above the five million pound price point are up 40 per cent compared to the same period last year [...]
Private funds expect incoming ESG regulations to boost sector – but UK will trail US and EU May 30, 2023 Private investment firms in the UK think incoming ESG regulations will boost sector but funds worry divergence from global norms could harm progress. According to research from PwC, 59.1 per cent of Limited Partners (LPs) and 58.0 per cent of General Partners (GPs) surveyed believed incoming regulations in the UK targeting ESG would have a [...]
Inflation to top Bank of England target until at least 2026, Goldman Sachs warn May 30, 2023 Inflation in the UK is set to top the Bank of England’s target for at least the next three years, likely forcing governor Andrew Bailey and co to tip the country into recession via yet more interest rate rises, a top Wall Street bank has warned. Researchers at Goldman Sachs late last night hiked their [...]
Rooftop solar installations will rise to record 1.47m as Brits try to beat high energy costs May 30, 2023 More residential and small-scale commercial rooftop solar power installations are expected to be made this year than ever before.
