Labour squeeze shows no signs of easing ahead of Christmas shopping rush December 3, 2021 ]Shortages of workers stopping UK businesses from functioning normally show no signs of letting up over the busy Christmas period, according to fresh figures published today. In the last week alone, over 200,000 new job adverts were posted as retailers, pubs and restaurants push to ramp up staff levels in preparation for the festive shopping [...]
Liberal Democrats call for £5.5bn-a-year tax cuts for small businesses December 2, 2021 The Liberal Democrats are calling for Rishi Sunak to bring in a package of tax cuts for small businesses that would be worth up to £5.5bn-a-year. Party leader Ed Davey said “Boris Johnson must be living on another planet” if he thinks his government’s planned tax rises, which will increase the country’s tax burden to [...]
CD&R £7bn Morrisons takeover put on ice amid market volatility December 2, 2021 Clayton, Dubilier & Rice’s takeover of British supermarket Morrisons has been postponed to next year, as lenders push back on the massive debt package that the US private equity firm is using to finance the buyout to wait out market volatility. In what represents the UK’s biggest buyout in more than a decade at a [...]
Open the floodgates: Britain’s planning reform needs to defend our homes December 2, 2021 Brits have been told to brace for flooding with an exceptionally wet January and February forecast by the Environment Agency. In England, there are 5 million properties – one in six – at risk of flooding. Overflows are a complex issue encompassing planning and resilience, climate change and housing. But it is not one taken [...]
OECD hikes UK economy forecast propelling Britain to top of G7 table, but inflation set to bite December 1, 2021 The organisation overseeing the world’s richest economies hiked its forecasts for the UK economy this year and next year, propelling Britain to the top of the G7 rankings for growth. The UK economy will expand 6.9 per cent this year, 0.2 percentage points higher than previously expected, according to the Organisation for Economic Development’s (OECD) [...]
UK factories stung by ‘relentless’ cost hikes as supply chain crisis rumbles on December 1, 2021 UK factories are being stung by record cost increases as the supply chain crisis continues to drag on, according to a closely watched survey released today. Prices for raw materials and crucial inputs used by British manufacturers accelerated at the fastest pace since IHS Markit and the Chartered Institute of Procurement and Supply (CIPS) started [...]
UK headed for fastest growth this year despite inflationary pressures December 1, 2021 The OECD says the UK is set to enjoy the fastest growth in the G7 this year despite increasing inflationary pressures and supply shortages.
Marlowe profits rocket as firm raises full year guidance December 1, 2021 Business critical services firm Marlowe announced this morning that its profits have rocketed in the six months ended 30 September. The group’s operating profit has registered a 122 per cent growth compared with the same time last year, going from £7.4m to £16.4m, while its adjusted EBITDA margin has hiked by 300 bps, from 14.8 [...]
There is a wealth of talent in disabled entrepreneurs – if only we can harness it November 30, 2021 If you want to invest in someone with resilience, ingenuity and the ability to adapt to change, find an entrepreneur with disabilities. We are just as passionate about a great business idea as the next start-up founder. But having a physical or hidden disability , like I do, adds a daily need to innovate and [...]
Wise interim revenue gains by a third as money transfer customers surge November 30, 2021 Shares in Wise surged as much as 14 per cent today, after the money transfer fintech said this morning that its first half revenue jumped by a third to £256.3m, driven by increasing customer numbers as it invested in faster transaction processes. The company, which specialises in cross-border money transfers and is one of the [...]