London set for private equity takeover frenzy as market settles August 17, 2022 London is set for a flurry of takeover deals as flush-with-cash private equity firms put money to use as market turbulence begins to settle, analysts have said.
Bank of England’s recession warning hits UK consumer confidence August 17, 2022 Fears of a protracted recession as long as the one caused by the financial crisis is weighing on Brits’ optimism, a new survey released today showed. Consumer confidence dipped four points at the beginning of August, according to Bank of America. “Confidence remains weak, consistent with recession, and all components worsened,” the Wall Street giant [...]
Asda chair slams Boris Johnson for not being ‘in charge’ as UK flounders amid cost of living crisis August 17, 2022 Boris Johnson has been lambasted by Asda boss Stuart Rose for being on “shore leave” as the UK faces economic turmoil. The supermarket chairman has criticised the Prime Minister for treating his last few weeks in the job as “one big party,” while the country is in the throes of a cost of living crisis. [...]
Just 20 per cent of rail network to operate on Thursday and Saturday as UK braces for next wave of strikes August 17, 2022 A fifth of rail services running on half of the network will be running on Thursday and Saturday, as industrial action is set to bring the country to a grinding halt. Network Rail has advised commuters to not use trains unless absolutely necessary, with limited services available for much of the country. This comes after [...]
Funding Circle founder bags £22.5m for new payments startup August 17, 2022 The payments app founded by Funding Circle entrepreneur Samir Desai has bagged a £22.5m funding injection today as it looks to strip hidden fees out of online payments.
High commodity prices boost bin collector Biffa’s recycling revenues August 17, 2022 Waste collection company Biffa today posted “strong” financial results as high commodity prices bolstered the firm’s recycling business whilst offsetting far-reaching inflationary pressures. The High Wycombe headquartered firm said it had cut its statutory losses by 57 per cent from £40.5m in 2021 to 17.6m in 2022. The stronger financial performance came as Biffa’s [...]
Persimmon hands £750m to shareholders so far this year August 17, 2022 Persimmon, one of the UK’s largest housebuilders, has handed £750m to shareholders since the beginning of this year as the country’s housing market booms. The average selling price of a home has grown by a little under £10,000 over the past 12-months. “House prices have proved remarkably robust since the pandemic began, buoyed by pent-up [...]
Pubs feel pinch of energy and supply chain inflation August 17, 2022 HOSPITALITY businesses renewed calls yesterday for an emergency VAT cut as the sector deals with rampant energy hikes. New research released yesterday suggested that most bars and restaurants are dealing with “significant” energy cost hikes whilst a majority are also seeing dramatic hikes in their food and drink costs. The new data, compiled by consultancy [...]
Sunak vows to take on SNP leader Nicola Sturgeon and win August 16, 2022 Former Chancellor and Tory leadership contender Rishi Sunak has pledged to fight the SNP and challenge its record governing Scotland.
Number of company administrations set to rise this year, analysts predict August 16, 2022 More UK companies are set to enter administration this year than last year, analysts have warned. Risk consultancy Kroll said yesterday that it predicted that the UK could face up to 895 company administrations in 2022, compared to just 659 in 2021. So far there have been 522 administrations this year, with an average of [...]