Britain has enough gas, network says amid warnings stores are low January 11, 2025 Britain has enough gas, the network operator has said after warnings that stores are at “concerningly low” levels. National Gas said on Friday that supplies remain “healthy” and that Britain is “well-placed” to respond to demands this winter. It added that gas stocks kept at the UK’s storage sites are well-above half full. It comes [...]
British Gas owner Centrica: UK has less than a week’s worth of demand for gas in store January 10, 2025 UK gas stores have fallen to “concerningly low” levels amid freezing cold temperatures, the owner of British Gas has said. Centrica said the UK now has less than a week’s worth of demand for gas in store. On Thursday, stocks at UK gas storage sites were 26 per cent lower than the same period last [...]
Los Angeles wildfires could result in $15bn US insurance losses January 10, 2025 Early estimates of the wildfires engulfing Los Angeles county may rapidly deplete the catastrophe budgets of US primary insurers
M&S: City broker slashes share price target on lower profit prospects January 10, 2025 Berenberg has downgraded its share price target for Marks and Spencer following lower estimates of long-term growth for the high street darling. The broker downgraded its price target from 410p to 384p, a cut of six per cent, due to a decrease in its profit estimate. “The potential for upside surprise now looks more limited [...]
Share price down after Sainsbury’s reported bumper Christmas January 10, 2025 Sainsbury's claims to have won the grocery market share for the fifth consecutive Christmas, with sales up nearly four per cent
M&S, Greggs and Sainsbury’s shares slide on shaky outlook for UK economy January 9, 2025 Marks & Spencer (M&S), Greggs, Sainsbury’s and B&M shares have all slumped today after investors took fright at warnings of a slowdown in consumer spending over the next year. Aside from Sainbury’s, whose results will be announced on Friday morning, all the firms released solid earnings updates this morning, with M&S reporting an 8.7 per [...]
Start-up boom or doom? How this year could spark the UK’s business appetite January 9, 2025 For many, the new year is a time to celebrate leaving the stress of our past behind – kickstarting a number of resolutions designed to spark a sense of optimism in the months ahead. But that sense of hopefulness can only last for so long when the dreaded sense of reality soon finds its way [...]
Price hikes are coming as firms battle Reeves tax raid, Bank of England survey suggests January 9, 2025 The Bank's latest decision maker panel, which surveys finance chiefs around the country, showed that firms' inflation expectations picked up in December.
Tesco shares drop despite bumper Christmas trading January 9, 2025 Tesco shares dropped two per cent in early deals this morning despite the retailer reporting abumper festive trading period. Food sales rose by 4.7 per cent in the six weeks to January 4, with a “particularly strong contribution” from fresh food, the grocer said. That’s more than double the market average of 2.1 per cent. [...]
B&M: Festive season of bargain shopping helps ‘undistracted’ value retailer January 9, 2025 Value retailer B&M Bargains reported strong revenue growth throughout the golden quarter as consumers sought out low-discount options to meet their festive shopping needs. However, the caution imposed by a challenging environment ahead for the retail sector due to tax hikes and employment costs caused B&M shares to fall by 8.5 per cent today. In [...]