Rolls-Royce Motor Cars boss rakes in £1.77m pay packet after record year August 14, 2023 The boss of Rolls-Royce Motor Cars was handed a bumper £1.77m pay packet, up 72 per cent from last year, after sales and profit at the carmaker hit record levels in 2022. Rolls-Royce’s latest company filings show the group delivered a record 6,021 cars in 2022 – with the US, Greater China and European markets [...]
FTSE 100 close: London subdued on quiet earnings day as YouGov mulls US listing August 14, 2023 London’s FTSE 100 started the week in subdued fashion, as a quiet earnings day was overshadowed by reports that YouGov is mulling a US listing. The capital’s premier blue chip index closed the day on 7,495.24 points, down 0.88 per cent, while the FTSE 250 index, which is more aligned with the domestic economy, was [...]
Cost of living pressures set to ease as inflation tipped to fall again August 14, 2023 Cost of living pressures facing households are set to ease, as experts predict inflation will fall below wage growth for the first time since last April. Official figures out on Tuesday are tipped to show that wage growth hit 7.4 per cent in the three months to June on an annual basis, up from 7.3 [...]
Open banking should expand ‘systematically’ as fintech criticises ‘data protectionism’ of big banks August 14, 2023 Regulators should expand open banking rules “systematically” in order to save customers thousands of pounds across a variety of different financial products, experts told City AM. With stakeholders consulting on the next stages of open banking, many in the sector have suggested regulators need to be bold in expanding data sharing rules into new financial [...]
Starmer parks nationwide ULEZ plans in attempt to woo motorists August 13, 2023 Keir Starmer has ditched Labour’s commitment to introduce Ulez-style clean air zones across the country, in a loss for Mayor Sadiq Khan. According to reports, a statement supporting the roll-out of clean air zones, which charge drivers whose vehicles fail to meet emissions standards, has been scrapped from the party’s policy programme. It follows Labour’s [...]
Mortgage and rent payments ‘difficult’ for almost 40 per cent of Brits August 11, 2023 Some 38 per cent of Brits have confessed to finding it difficult to afford their rent or mortgage payments over the past month, as the cost of living crisis continues to wreak havoc on the public’s personal finances. This figure was around 29 per cent in early August 2022, new figures from the ONS show, [...]
Wilko may look like Woolies 2.0, but a new buyer should save it from collapse August 11, 2023 Wilco’s collapse into administration put tens of thousands of jobs at risk, but the high street staple should have a future if a buyer sees beyond the hysteria, writes George MacDonald.
Deliveroo raises guidance for year despite orders slipping August 10, 2023 Deliveroo upped its guidance for the year to a range of £60-80m, ahead of previous range of £20-50m, as the group shows signs of weathering the economic storm. Total revenues rose five per cent to £1.02bn up from £972.9bn as the group increased the cost of payment fees it charges customers. The food delivery business, [...]
Rents likely to continue rising sharply despite cost of living crisis August 10, 2023 Rents are likely to continue rising sharply despite the cost of living crisis, surveyors are warning. Property professionals’ expectations that rents will rise in the next few months are at the strongest levels seen so far this century, the findings from the Royal Institution of Chartered Surveyors (RICS) indicate. A net balance of 63 per [...]
The one winner from the UK’s miserable summer?… Wind turbines August 8, 2023 Brits have been disappointed by persistent gloomy weather this summer. But there has been one winner from the overcast skies – wind turbines.