Exclusive: Laybuy eyes profit as customer spend surges to £64m November 9, 2022 Buy-now pay-later firm Laybuy said it was on track to hit profitability this year as it reported a 32 per cent surge in the amount of cash it brings in per customer.
Government must investigate energy pricing for businesses, urges hospitality body November 7, 2022 The boss of one of the country's leading hospitality bodies has urged the Government to look into energy pricing for commercial businesses.
Qatar World Cup: BrewDog slammed for ‘disingenuous’ gesture giving profits to charity November 7, 2022 BrewDog has been slammed for launching a “disingenuous” ‘anti-sponsorship’ campaign for the Qatar World Cup, donating profits to charities but continuing to show the tournament. The brand said it would show the World Cup at its outlets but “all the profits from our Lost Lager sold during the tournament going to fight human rights abuse.” [...]
Pricey embarrassment: UK employees miss out on £1.3bn in expenses to not look ‘petty’ November 4, 2022 British workers forgo claiming £1.3bn in expenses at work for fear of looking “petty” according to new research. 80 per cent miss out on unclaimed expenses amounting to around £245 a year per employee, according to Pleo. Despite the cost of living crisis biting hard for many Brits, business spending solution group Pleo found workers [...]
BP’s profit bonanza reignites calls for tougher windfall tax November 1, 2022 BP has unveiled another bumper round of monster profits powered by soaring gas prices, reigniting calls for a windfall tax.
London’s FTSE 100 gains tamed by traders dumping house builders on property price jitters October 31, 2022 London’s FTSE 100 was tamed today by traders ditching the UK’s largest house builders on fears the property is headed for a sharp slowdown. The capital’s premier index’s gains were held to 0.66 per cent, finishing at 7,094.53 points. The domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]
‘Wind power, not windfall taxes,’ says energy sector to incoming PM Rishi Sunak October 25, 2022 Industry bodies across the energy sector urged incoming Prime Minister Rishi Sunak to boost domestic energy and not bring in new taxes.
Not-so-free-market Rishi isn’t perfect, but he’s the right choice right now October 24, 2022 Rightly or wrongly, Britain’s credibility is at stake – and right now, Rishi Sunak is more likely to restore confidence in the country’s government than either Penny Mordaunt or Boris Johnson The choice facing Conservative MPs today is a difficult one. They are behind in the polls, and fear for their political future. They are [...]
Renewable revenue cap risks supply security and higher energy bills October 24, 2022 A cap on low carbon generator revenues jeopardises supply security and condemns customers to high energy bills, warns Energy UK.
Bank of England to launch record rate rise to step up fight against 40-year high inflation October 19, 2022 The Bank of England will have to hike interest rates by a record whole percentage point at its meeting on 3 November, City economists are betting today after inflation returned to a 40 year high of 10.1 per cent last month. Prices are still rising sharply despite the Bank already lifting borrowing costs seven times [...]