Rachel Reeves reveals plans to cut spending by £5.5bn and address ‘unforgivable’ inheritance July 29, 2024 Rachel Reeves announced spending cuts worth £5.5bn as the new government seeks to address a £22bn black hole in the public finances.
Junior doctors ‘offered 22 per cent pay rise’ to end strikes July 29, 2024 Junior doctors in England are understood to have been offered a 22 per cent pay rise over two years in a bid to resolve their long-running pay dispute with the Government. The Times is reporting that the British Medical Association’s (BMA) junior doctors committee has recommended an offer to members. It is understood to include [...]
Ofgem takes steps to improve flexibility of UK’s energy market in clean power push July 29, 2024 Ofgem has pushed ahead with plans to increase the flexibility of the UK's energy market as it becomes more reliant on intermittent sources of energy, like wind and solar.
Mitchells & Butlers: Drink sales help Toby Carvery and All Bar One owner achieve another record period July 25, 2024 All Bar One owner Mitchells & Butlers said its continuing to rebuild its margins as it reports yet another period of sales growth.
Marston’s: Euros boost for pub chain after Carlsberg deal July 24, 2024 England's success at the Euros helped boost sales at one of the UK's largest pub chains, weeks after the company sold its brewing business to Carlsberg.
Six graphs the Bank of England will study before August interest rate decision July 24, 2024 For the first time since last September, there is genuine uncertainty about the Bank of England’s next move on interest rates. The Monetary Policy Committee (MPC) will meet next Thursday, with markets putting the odds of a cut at about 40 per cent. There’s enough evidence of disinflation to warrant a cut. Similarly, more hawkish [...]
Don’t let green dogma get in the way of climate science July 22, 2024 Activists including Greta Thunberg have shut down a key research project into geoengineering — a potentially game-changing technology — arguing that it could provide an excuse not to cut fossil fuels. We can’t afford to let climate science become politicised, says Bjorn Lomborg Climate studies are increasingly becoming politicised. Harvard University recently shut down a key geoengineering [...]
Roadchef returns to profit as sales surge motorway service station operator July 19, 2024 Motorway service station operator Roadchef has returned to the black after its revenue surged during its latest financial year, it has been revealed.
FTSE 100 today: Blue-chip poised to end two-week winning streak amid global uncertainty July 19, 2024 Asian markets drop with Wall Street; oil prices fall; Japan inflation rises; Netflix exceeds subscriber targets; UK retail sales data next.
Orsted: Wind farms tank as market bets on Trump win after assassination attempt July 16, 2024 Wind farm manufacturers like Orsted have seen their share prices tank following the assassination attempt on former president Donald Trump, as markets bet that the more likely it is he's re-elected, the worse it will be for renewable energy.