London Underground workers in Aslef and RMT vote to strike next month October 16, 2024 London Underground drivers will walk out next month, bringing chaos to the capital in a protest over pay and working conditions. Members of the Aslef union voted overwhelmingly to walk out on a number of dates in November, before RMT members backed strikes shortly after. Train operators and management grades will not work on 7 [...]
Bank of England more likely to back faster rate cuts after inflation surprise October 16, 2024 New figures showed that inflation came in below the two per cent target for the first time since April 2021.
Legal & General-backed London data centre finally gets planning approval October 16, 2024 Local government ministers have unanimously approved planning proposals for what is set to be one of London’s largest data centres. The £750m development in the Newham borough of London is joint-funded by asset management firm Legal and General (L&G) and digital infrastructure investor Goldacre. It will be able to deliver from 77 up to 90 megawatts of [...]
Admiral and Direct Line shares sink as Labour takes aim at ‘spiralling’ car insurance costs October 16, 2024 Shares in insurers Admiral and Direct Line slumped on Wednesday after the government unveiled a new taskforce that it said would tackle the "spiralling" cost of motor insurance.
GP landlord PHP brings in £2.7m of new rent October 16, 2024 Primary Health Properties (PHP) added £2.4m in rent over the last nine month, increasing its rental revenue by three per cent on an annualised basis. The GP landlord, which published its trading update ahead of a capital markets day today, had stronger growth in indexed leases in the UK and Ireland (4.5 per cent growth), [...]
Vertu Motors: Profit at car dealership giant falls as UK sales stall October 16, 2024 Profit at car dealership Vertu Motors reversed during the first half of its financial year as UK sales of new cars stalled. In interim results filed with the London Stock Exchange, Gateshead-headquartered Vertu Motors reported a pre-tax profit of £22m for the six months to 31 August, 2024, down from the £30.1m it achieved in the [...]
FCA to review UK premium finance market amid price hike concerns October 16, 2024 The UK's financial regulator is to review Britain's premium finance market amid worries that consumers who borrow to pay for insurance may not be getting fair or competitive deals.
Procook: Kitchenware brand serves up ‘pleasing’ results October 16, 2024 Kitchenware brand Procook offered a “pleasing” set of quarterly results, analysts said, as the group delivered a fifth consecutive quarter of retail growth. Procook’s revenue jumped to £17m in the quarter, an 8.8 per cent increase from the previous year, thanks largely to a 12 per cent increase in Ecommerce sales. However, the larger retail [...]
Marshalls: Revenue ticks down but recovery on the horizon October 16, 2024 Housing industry supplier Marshalls has reported another dip in revenue but has predicted a cyclical recovery in its key markets. The group, which is headquartered in West Yorkshire, said that revenue fell by three per cent year on year in the third quarter, a “material improvement”, from earlier in the year. Year-to-date revenue stood at £476m, down [...]
Revenue falls at Moneysupermarket’s parent due to weak broadband demand October 16, 2024 Moneysupermarket’s parent company has reported a two per cent drop in revenue to £112.9m in its third quarter, as travel and home services dragged down growth. The price comparison company said low demand for broadband and fewer smartphone launches meant revenue from home services fell eight per cent. Revenue from travel was 15 per cent [...]
