Starmer pledges new publicly owned energy firm as he says ‘this is a Labour moment’ September 27, 2022 Sir Keir Starmer has pledged to create a new publicly owned energy generation company if Labour wins the next election as he declares this is a “Labour moment” like 1997 and 1964. Starmer said the new company would be called Great British Energy and that it would take “advantage of the opportunities in clean British [...]
Business secretary: Windfall tax not the answer May 1, 2022 Business Secretary Kwasi Kwarteng has voiced firm opposition to a windfall tax on oil and gas companies despite Chancellor Rishi Sunak raising the possibility. The Cabinet minister was adamant that it would be a “disincentive” to investment by energy giants despite his colleague in the Treasury using the threat to encourage spending, as their profits [...]
FTSE 100 close: London index retraces losses on softer pound June 6, 2023 London’s FTSE 100 retraced losses today, shaking off investor fears over the risk of the effects of a US recession rippling throughout the global economy. The capital’s premier index climbed 0.37 per cent to 7,628.11 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, jumped [...]
Ocado: Signs of progress at last as firm looks to continue share price turnaround September 19, 2023 Upmarket grocer Ocado has reported a 7.2 per cent surge in revenues to £569.6m in the third quarter as turnaround plans under the guidance of its year old chief executive appear to show signs of paying off. The digital supermarket, which operates as a joint venture with M&S, said the average orders per week at [...]
John Lewis nabs Tesco veteran as it looks to leave Sharon White era behind April 8, 2024 Ailing high street favourite John Lewis has appointed Tesco veteran Jason Tarry as its new chair, taking over from Dame Sharon White – who will bring her tenure at the top of the partnership to a premature end. Tarry will be only the seventh chair of the shopping giant which has undergone a tumultuous time [...]
The Power of FinTech: Delivering on the ESG Agenda December 9, 2022 Many point to the 2008 financial crisis as the birth of the current fintech movement. At a time of economic turmoil, innovators and new entrants stepped in to rebuild trust and resilience in the financial sector and provide better, easier, and cheaper services to the end consumer. Nearly 15 years later, the world is facing [...]
The one winner from the UK’s miserable summer?… Wind turbines August 8, 2023 Brits have been disappointed by persistent gloomy weather this summer. But there has been one winner from the overcast skies – wind turbines.
Hotel Chocolat in the red amid ‘challenging’ current trading landscape December 1, 2022 Chocolate maker Hotel Chocolat has posted a £9.4m loss but said “people are still treating themselves with affordable luxury” despite a cost of living crisis. Its full-year results came in contrast to the previous year’s, where the London-listed firm posted a £3.7m profit after tax. “It goes without saying that the current environment is challenging [...]
London is no capital of culture without Vault Festival March 14, 2024 Vault Festival has announced its venue has fallen through and the event is no more, says Adam Bloodworth Vault Festival launched the careers of thousands of actors and writers via its unique business model, which meant new performers could put on shows and not break the bank, because part of the show was paid for [...]
More Brits feel disengaged, demotivated or anxious as rising cost of living feeds stress levels May 25, 2022 Our headlines in recent weeks have been dominated by the latest inflation figures, reaching a 40 year high of 9 per cent, as well as the cost of living crisis, which is raging on. As the nation and the media come to terms with the prospect of a recession, one crucial impact of the UK’s [...]