Offshore wind auctions no longer offer ‘financially sustainable prices’ August 7, 2023 The government's flagship offshore wind scheme is no longer fit for purpose, and the UK needs to establish a long-term funding plan.
Last orders! Rate of pub closures reaches decade high as rate hikes and inflation bites August 7, 2023 The number of pub closures in the UK reached its highest quarterly figure in over a decade, new data reveals, as soaring costs force more of the country’s local watering holes to close their doors for good. Some 223 pub businesses entered insolvency in the second quarter of this year, up from 200 in the [...]
Persimmon under increasing pressure as rate rises crimp housing demand August 6, 2023 UK housebuilder Persimmon is expected to report a fall in revenue in its half-year update on Thursday as the sector comes under increasing pressure from higher mortgage costs. The FTSE 100 firm is expected to see revenue decline to £1.11bn, down from £1.69bn for the same period last year, according to CMC Markets. In its [...]
Can the Saudi Pro League buy a reputation for good, watchable football? August 4, 2023 It is difficult not to look to the Saudi Pro League with a sense of admiration. Many will disagree with the methods of the Saudi Arabian clubs – throwing money at players until they nod and accept a transfer to the Middle East – but others will argue that other leagues, especially in Europe, had [...]
Unlocking what makes AI tick – part one August 4, 2023 Dr Chris Kacher with part one of his epic overview on how artificial intelligence works, and its future within blockchain technology.
A battery a minute: New car registrations surge as EVs eat into market share August 4, 2023 One new battery electric vehicle was registered every 60 seconds in July, as the UK’s new car market recorded a full year of growth. Registrations of new cars were up more than a quarter (28.3%) in July compared with the same month last year, according to figures from the Society of Motor Manufacturers and Traders [...]
A nation driving innovation – why the UK is still a great place for global fintech companies August 4, 2023 Martin Heraghty, Regional Director Europe, Paymentology As an international financial powerhouse, the UK – and in particular London – is a great place for a fintech company to be based – even when times are tough. Despite the economic fallout of Brexit, soaring inflation and the cost of living crisis, the UK is still ranked [...]
Explainer: Does it matter if Rishi Sunak goes to the UN? August 4, 2023 It won’t lose him any votes, but it is a symbol of the future of Sunak’s politics.
Amazon forecasts bright third quarter on resilient cloud sales and shopping trends August 4, 2023 Amazon reported sales growth and profit that beat expectations as the company delivered goods faster and more cheaply to shoppers while recent cloud-computing headwinds began to subside. Amazon’s Wall Street shares surged nine per cent on the news, extending its stock market value more than $120 billion in after-hours trading. On the FTSE 100 index, [...]
FTSE 100 close: London markets flat as WPP shares slide on tumbling profits August 4, 2023 FTSE 100 was flat on Friday ending the week in subdued fashion, as advertising giant WPP’s tumbling profits led to its share price sliding. London’s flagship index was hovering between being up and dipping into the red throughout the day, and finished up at the close by almost half of one per cent. Meanwhile the [...]