Ofgem to overhaul smart meters in push for surge pricing February 10, 2022 Millions of households will face surge pricing within the next three years, amid the push for net zero and greater energy efficiency.
Kuwaiti firm defends £468m takeover proposal following Menzies snub February 10, 2022 NAS, the Kuwait company that proposed to take over UK aviation services provider John Menzies, has defended the £468m bid, saying it had taken into consideration Menzies’s debt levels and ability to generate free cash flows. “We have made an attractive offer that we urge Menzies’ shareholders to consider carefully. Our offer represents a 76 per cent [...]
Redrow increases profit as order book hits £1.5bn February 10, 2022 Redrow, one of the UK’s largest house builders, has reported a 16.6 per cent increase in profit as the order book hit £1.5bn. In the 27 weeks to 2 January, the FTSE-250 group registered a record revenue of £1.052bn, with operating margins returning to normalised levels of around 19.5 per cent, one year ahead of [...]
Relx beats expectations for full year earnings as profits hit £1.69bn February 10, 2022 Telecoms, media and tech group Relx has beaten full year earning expectations with investors pocketing 87.6p per share amid soaring profits.
Time to celebrate: Watches of Switzerland enjoys revenue boost as pandemic conditions ease February 10, 2022 Watches of Switzerland has reported a hefty boost in revenues amid increased demand across UK and US markets.
Watchdog opens investigation into Sir Captain Tom’s charity accounts February 10, 2022 The UK charity watchdog is set to launch an investigation into the accounts of the charity set up to honour lockdown legend Sir Captain Tom Moore. Sir Tom became a household name in 2020 after he walked 100 laps in his garden, raising £33m for the NHS. However, accounts show that the Captain Tom Foundation [...]
French and Germany pressure may force IAG to spin off British Airways February 10, 2022 British Airways’ (BA) parent company IAG could be forced to spin off BA as Germany and France might push to reinstate EU ownership rules. According to HSBC analysts, IAG – who owns the likes of Aer Lingus, Iberia and Vueling – might be forced to make BA a truly independent company as regulations require airlines [...]
Scandal ridden Credit Suisse sees £1.6bn loss in latest quarter February 10, 2022 Credit Suisse's latest financial results were dragged by legal woes and a slowdown at the bank's investment and wealth management arms.
Cyber market boosts Beazley’s “robust profit” February 10, 2022 International insurance firm Beazley has reported a “robust profit” of $369.2m as a result of opportunities increasing in the cyber market. The firm said that, in the six months ended 31 December, its return on equity went up to 13 per cent on 2020 levels to 16 per cent, while its gross premiums written surged [...]
Astra Zeneca revenues jump over 40 per cent amid vaccine rollout February 10, 2022 Revenues at Astra Zeneca have risen 41 per cent, with Covid-19 vaccine sales boosting its performance across the year.
