UK competitiveness as base for big airlines key to unlocking £111bn by 2050, report says August 8, 2023 The UK could benefit to the tune of £111bn and create over 629,000 local jobs by 2050 if it stays competitive as a hub for airlines to be based. Transport consultancy Steer’s report, commissioned by industry body Airlines UK, said propping up British-based carriers boosts local employment and supply chains, whilst financing public services through [...]
Abrdn share price tumbles 10 per cent as £4.4bn pulled by clients so far this year August 8, 2023 The share price of FTSE 100 firm abrdn slumped after the fund manager reported a major fall in assets under management and administration (AuMA) in the first half of the year. AuMA dropped to £495.7bn, down from £500bn at the beginning of this year as it reported net outflows of £4.4bn in the first six [...]
Shapps warns fuel retailers he will ‘call out any foot-dragging’ on price transparency August 8, 2023 Energy Secretary Grant Shapps has warned fuel retailers he will “call out any foot-dragging” over the sharing of pump price data. He made the comment as drivers were hit by the largest weekly rise in petrol prices for more than a year. The Competition and Markets Authority (CMA) is planning to launch an interim voluntary [...]
Beyond Meat: Pricey vegan alternative’s revenue falls 30 per cent as forecast slashed August 8, 2023 Beyond Meat slashed its annual forecast for the year as its revenues plummeted 30 per cent in the second quarter due to customers becoming more reluctant to buy into pricey fake meat alternatives amid the cost of living crisis. The US company, which supplies its vegan plant based burger patties to the likes of McDonald’s, [...]
Energy system ‘broken’: Suppliers to rake in £1.7bn profits as millions of Brits grapple with sky-high bills August 8, 2023 Household energy suppliers are on course for profits bonanza over the next 12 months from customer bills, a new report suggests.
Hybrid working ‘big bang’ drives Regus-owner IWG’s record revenue August 8, 2023 Booming demand for hybrid working saw workspace provider IWG, which owns Regus, net a record £1.7bn in system-wide revenue in the first half, up 16 per cent year-on-year.
Glencore appeases shareholders with more buybacks after steep drop in profits August 8, 2023 Glencore suffered a sharp drop in pre-tax profits in the first six months of trading this year as the boom in oil and gas prices finally eased.
Siemens Energy books £3.9bn losses over wind turbine unit woes August 8, 2023 Siemens Energy on Monday said problems recently unveiled at its wind turbine unit would cost it £1.9bn, well short of worst-case estimates.
In the real world, Ken really needs a job to feel fulfilled – just like the rest of us August 8, 2023 Ken doesn't need to question his masculinity, he just needs to contribute to the economy and get a job, writes Phoebe Arslanagic-Wakefield.
Taylor Swift helps Brits shake it off with entertainment spree but it’s a cruel summer for retailers August 8, 2023 Taylor Swift tickets, which went on sale in July, have powered a double-digit increase in entertainment spending so far this summer