‘Clock is ticking’ warns energy bodies in call for eased renewable levies and slashed planning rules March 6, 2023 Two leading energy bodies have urged the government to introduce investment relief for remove planning obstacles for new projects.
Explainer: Hybrid cars are close to overtaking electric ones in sales March 6, 2023 Hybrid cars are selling, and they’re selling fast – to be precise, at their fastest rate in the UK. Data from last month shows new hybrid vehicles were selling almost as fast as electric ones – the first encompassing 13.9 per cent of all car purchases, the latter at 14.3 per cent. The journey to [...]
Stick or twist: Silver investors await speech from Fed chief before making moves March 6, 2023 Silver investors are seemingly waiting for Federal Reserve chairman Jerome Powell testimony to Congress later this week.
Aston Martin shares race to new highs on FTSE 250 following Grand Prix win March 6, 2023 Shares in Aston Martin have raced to new highs on the FTSE 250 this morning, building on from the luxury car maker’s 26 per cent revenue increase last week and third place win in the opening of the F1 Grand Prix on Sunday. Aston Martin took the lead on the FTSE 250 on Monday morning [...]
Starbucks puts UK sale rumours on ice with £30m 100-store expansion and refurb plans March 6, 2023 Starbucks has crushed rumours it was considering the sale of its UK business with plans for a 100 more stores across the UK. The US coffee chain said it was also planning to inject £30m into refurbishing its 1,066-strong current store offering and opening a range of new cafes. Last summer, the frappuccino maker was [...]
Shell boss: US ‘significantly’ more attractive for green energy investment than UK March 6, 2023 The US is more attractive than the UK for energy investment, warned the new boss of Shell, following the US Inflation Reduction Act.
Car sales: Better deals and more availability have pushed numbers up with Vauxhall models most popular March 6, 2023 The number of newly registered vehicles rolled out on the UK’s roads continued to soar with car sales rising for the seventh consecutive month. According to figures published by the Society of Motor Manufacturers and Traders(SMMT) car registrations rose by 26.2 per cent in February as an easing of supply chain shortages steered the market [...]
UBS chief’s pay rose 11 per cent to £10.9m but wider bonus pool dropped to £2.75bn March 6, 2023 UBS boss Ralph Hamers received a boost to his annual pay to the tune of a cool £10.9m, reflecting the bank’s strong performance in 2022, but its overall bonus pool fell. Hamers pocketed CHF12.2m (£10.9m) in 2022, eleven per cent more than last year, with the figure including his base salary and the cash performance [...]
Electric dreams: Is the government really prepared to save car industry after Britishvolt chaos? March 6, 2023 The collapse and revival of Britishvolt raises questions over how the government can revive the car industry - if it wants to.
Chancellor to face ‘tough choices’ in delivering Spring Budget despite having to borrow £30bn less March 6, 2023 Jeremy Hunt will be forced to make tough decisions in his upcoming Budget, experts have warned, despite the Chancellor having considerably more wiggle room than previously thought. Improvements in the state of the British economy mean Jeremy Hunt will have to borrow £30bn less than the Office for Budget Responsibility’s (OBR’s) November forecast showed, according [...]