Joules calls in administrators as rescue talks collapse November 14, 2022 Fashion and lifestyle firm Joules announced it had called in administrators and suspended trading on the London Stock Exchange this morning after emergency rescue attempts failed last week.
Cake Box says sales slowed as summer sun slices profits November 14, 2022 The hot weather and cost living sliced into Cake Box’s trading success in the last six months, as the premium cake maker struggles to keep up with strong comparators. Although group revenues were up a humble 2.1 per cent to £16.8m, EBITDA and pre-tax profit plunged over 32 per cent as cost pressures start to [...]
Mayor of London reiterates calls for two year rent freeze amid ‘crisis’ facing capital’s renters November 14, 2022 The Mayor of London has reiterated calls for an immediate rent freeze in the capital as London average rental prices are more than double that in other UK areas. Sadiq Khan said he would host an emergency summit over the challenges facing renters in the city, echoing previous calls for a two-year rent freeze. Tenants [...]
Financial resilience will be the backbone to withstand a tough winter recession November 14, 2022 The financial services industry must find ways to help people bridge this crisis by providing insurance premium wavers, affordable credit, and debt repayment deferrals.
Businesses call on Chancellor to boost regional growth by investing in tourism November 14, 2022 Businesses have called on Chancellor Jeremy Hunt to boost regional growth by investing in travel and tourism. Advocacy group BusinessLDN has called for the reintroduction of VAT-free shopping for international arrivals, as well as ramping up Border Force personnel to speed up queues at airports and ease visa processes for low-risk visitors such as children. [...]
Exclusive: North Sea firms urge Government to protect investment relief as windfall tax hike looms November 12, 2022 North Sea oil and gas producers are urging Government to ensure investment relief is continued in line with any windfall tax expansion.
RAC urges Government not to raise fuel duty on squeezed motorists November 12, 2022 Motoring group RAC has called on the Government not to hike fuel duty in the Autumn Statement next week, and put more pressure on motorists.
Time to bite the ‘invisible hand’ that purports to feed you November 11, 2022 Monty's stopped looking at the crypto charts. This badger don't care what colour they are. And he's definitely not going to gut a centaur.
Financial Markets Wrap-Up November 11, 2022 Well, were at the end of another interesting week of trading. We started the week with some poor Chinese trade data, coupled with a back track on rumours from the previous week that covid restrictions would be loosened which kicked us off with a slightly negative start but the action for the week was never [...]
Egg-istential crisis: Shops ration staple as inflation, supply woes drive up price November 11, 2022 Supermarkets are rationing sales of eggs as problems with supply chains are leaving soaring prices and empty shelves. The staple food is experiencing a rise in price due to inflation and a shortage, owing in part to recent orders to house all poultry in doors due to a huge surge in avian flue. Steven Dresser, [...]