Government to ‘encourage’ supermarkets to cap food prices May 28, 2023 Government plans to encourage supermarkets to impose price caps on food staples to help with the cost of living will have no “element of compulsion”, a Cabinet minister has said. Downing Street is understood to be drawing up proposals that would seek to get retailers charging the lowest possible amount for some basic products like [...]
Cazoo debtholders bring in bankers to advise on key talks May 26, 2023 Lenders to Cazoo, the online car retailer, have enlisted bankers to lead talks with the group about a £510m debt restructuring. According to reports today from Sky News’ Mark Kleinmann, funds with more than £500m held in the London-based firm, have enlisted PJT Partners to advise them on negotiations with the company. Cazoo has faced [...]
Metrikus and PlanetWatch partner to provide clients with unparalleled environmental data and insights May 26, 2023 Metrikus has closed a strategic partnership with PlanetWatch to enhance its building efficiency software with valuable environmental data and insights. Metrikus is the market leader in providing data-based solutions, with the ultimate goal of making buildings more efficient, productive and sustainable. By partnering with PlanetWatch, Metrikus will be able to provide clients with real-time outdoor [...]
Tingo Mobile awarded A1 credit rating by DataPro May 26, 2023 Tingo Group Inc has been awarded a Short-Term Credit Rating of A1, an Investment Grade Long-Term Credit Rating of A, and a Positive Rating Outlook for 2023/2024.
Inflation here, inflation there – when will governments see Bitcoin fixes this? May 26, 2023 Jason Deane rounds up the narratives and looks at the questions facing the economic world as one answer endures... 'Bitcoin fixes this'.
Retail sales up in April but analysts warn on implications of further rate hikes May 26, 2023 Retail sales volumes recovered slightly by 0.5 per cent in April as the sector was lifted by the Easter holidays, however high inflation and strains on household finances continue to hinder spending. Non-food stores sales volumes rose by 1.0 per cent during the month, data from the ONS shows, following a fall of 1.8 per [...]
Nationwide to up mortgage rates as analysts predict further hikes May 26, 2023 Britain’s biggest building society is increasing some of its mortgage rates for new borrowing from Friday, saying this will ensure its rates “remain sustainable” in the current economic environment. The rate increases, of up to 0.45 percentage points, only affect customers taking out a new mortgage deal. For first-time buyers and those looking to move [...]
Hong Kong to San Francisco: How office workers are returning across the globe May 25, 2023 The rise of hybrid working and working from home during the pandemic has left cities across the world facing up to new challenges – but the rate at which staff are returning to their offices is different across the world. Asian cities, despite more strident restrictions on mobility during the pandemic itself, have seen their [...]
Young’s hopes for repeat of bumper year with Rugby World Cup on horizon May 25, 2023 Pub chain Young’s has continued to weather the economic storm posting a hike in revenues for the year thanks to Royal celebrations and an exceptionally hot summer last year. The 223 strong chain, which operates largely in London and the South-East, said that revenues were up 19.4 per to £368.9m compared to £309.m in the [...]
Campaigners warn of little relief as Ofgem expected to lower price cap to £2,053 May 25, 2023 Ofgem is expected to lower household energy bills to an average of £2,053 a year from July to reflect tumbling wholesale prices, according to analysts. The regulator will announce its latest energy price cap on Thursday as campaigners warned consumers are likely to feel little relief with bills remaining well above pre-pandemic levels. Consultancy firm [...]