Imperial Brands: Rizla-maker kicks off bumper buyback with £550m purchase October 6, 2023 Imperial Brands, the tobacco giant behind Lambert & Butler, Rizla and Gauloises, said it would kick off a fresh £550m share buyback this morning after launching a new drive to reclaim shares yesterday.
Sunak’s switch from tech bro to cynical political player wins Tory support but leaves business worried October 6, 2023 Sunak's choice to abandon a "think big" Sillicon Valley mentality may have curried favour with the electorate, but it concerns business leaders, writes Leon Emirali
HS2 will not reach Euston without private investment October 5, 2023 HS2 will not be extended to Euston unless enough private investment is secured.
HS2’s northern leg scrapped: What’s being planned instead – and has London been snubbed? October 5, 2023 It seemed unthinkable not long ago, but Rishi Sunak scrapped the Manchester leg of HS2 – and said it will be replaced by hundreds of new projects. The scrapping means everything past the London to Birmingham leg, which is already under construction, will be torched, with the PM citing ballooning costs for pulling the plug. [...]
National Grid reassures shareholders over US earnings with bullish update October 5, 2023 National Grid has told shareholders to expect further contributions to its earnings per share in the second half of the year.
New car market revs up in September but experts warn EV demand to slip on petrol ban U-turn October 5, 2023 New car registrations soared last month, as pent-up demand for new vehicles helped the auto sector motor towards its 14th consecutive month of growth.
Ministers accused of risking green investment for ‘short-term political gain’ October 5, 2023 The government’s rowing back on green pledges is putting the future of the UK’s economy at risk for the benefit of “short-term political gain."
Mark Harper: Transport secretary ‘proud’ of decision to axe Manchester leg of HS2 October 5, 2023 Transport Secretary Mark Harper said he was “proud” of the decision to cut HS2 north of Birmingham as he shrugged off criticism from Tory former premier David Cameron and ex-chancellor George Osborne. Prime Minister Rishi Sunak used his speech at the Conservative Party conference on Wednesday to confirm he has axed Phases 2a and 2b [...]
FTSE 100 close: London markets close higher after sliding for three days straight October 5, 2023 London’s FTSE 100 jumped into the green on Thursday, following three days where the capital’s blue-chip index slid. The FTSE 100 climbed 0.53 per cent to close at 7,451.54 while the FTSE 250 ended 0.61 per cent higher at 17,599.98 The FTSE’s gains came despite data showing a stronger than expected labour market in the [...]
Imperial Brands to deliver full-year guidance as it launches £1.1bn buy-back October 5, 2023 Imperial Brands, the tobacco giant behind Lambert & Butler, Winston and Gauloises, has said it is on track to deliver its full-year guidance thanks to high prices of cigarettes and demand for tobacco alternatives. The cigarette company, which also makes Golden Virginia tobacco, said that strong pricing led by the rising costs helped offset historic [...]