How we saved Britain’s small businesses millions in energy costs – and counting October 22, 2024 Small businesses across the UK have had to face the wrath of rising energy costs for years - and entrepreneur Joe McDonald is fed up with it.
Costa Coffee in the red despite sales success October 18, 2024 Costa Coffee fell into the red despite its revenue rising by more than £100m in 2023, it has been revealed. The Buckinghamshire-headquartered business, which is owned by Coca-Cola, has reported a pre-tax loss of £9.6m for its latest financial year. The loss comes after the firm posted a pre-tax profit of £245.9m in 2022. Newly-filed [...]
Now is the time for the City to look again at investing in Africa October 18, 2024 For at least the last decade, Africa has been widely proclaimed as a sleeping giant; a continent of huge economic potential. We heard numerous voices at the United Nations General Assembly in New York a few weeks back echo the sentiment. Yet the message does not appear to be attractive to those global investors who [...]
Tory leadership: I’ll return us to ‘party of sound money’, Robert Jenrick pledges October 16, 2024 Tory leadership contender Robert Jenrick has pledged to return the Conservatives to “being the party of sound money”, if elected. The former migration minister outlined his economic plans in a speech this morning in which he admitted the Conservatives “abandoned fiscal responsibility in the mini-Budget.” Jenrick told an audience of journalists and MPs at a [...]
Admiral and Direct Line shares sink as Labour takes aim at ‘spiralling’ car insurance costs October 16, 2024 Shares in insurers Admiral and Direct Line slumped on Wednesday after the government unveiled a new taskforce that it said would tackle the "spiralling" cost of motor insurance.
Marshalls: Revenue ticks down but recovery on the horizon October 16, 2024 Housing industry supplier Marshalls has reported another dip in revenue but has predicted a cyclical recovery in its key markets. The group, which is headquartered in West Yorkshire, said that revenue fell by three per cent year on year in the third quarter, a “material improvement”, from earlier in the year. Year-to-date revenue stood at £476m, down [...]
Donald Trump’s golf course in Scotland makes 11th consecutive loss October 15, 2024 Donald Trump’s golf course in Aberdeenshire has maintained its positive outlook despite making a loss for an 11th consecutive year. Trump International Scotland has reported a pre-tax loss of £1.4m for 2023, having also lost £738,344 in the prior 12 months. The widening loss comes despite its turnover rising from £3.59m to £37.4m over the [...]
Starmer did well with the CEOs, but he can’t ignore the start-up founders October 15, 2024 It rained pretty much all day in the City of London yesterday, but this didn’t stop Keir Starmer basking in the warm glow of success. Despite complaints about a chaotic organising process in recent weeks, and a bit of real-time grumbling on the day itself, the Prime Minister’s investment summit was a triumph. A tightly [...]
Stamp duty: TSB and Shawbrook join mortgage lender call for reform before Budget October 15, 2024 A group of mortgage lenders and brokers have called on the government to refund stamp duty for homeowners in a bid to accelerate energy efficiency improvements in UK housing and reduce national emissions. TSB, along with Shawbrook, the Mortgage Advice Bureau (MAB) and Leeds Building Society, have called on the government to provide more support [...]
UK inflation expected to fall below two per cent target October 13, 2024 UK inflation is tipped to fall below the Bank of England's two per cent target for the first time in more than three years.