‘Google of the property market’ Rightmove shrugs off housing fears to post £241m profit March 3, 2023 Rightmove, the UK’s largest property portal, saw its operating profits rise seven per cent to £241m as the group revealed it was “not materially affected” by the difficult property market. The London-listed company, which lists homes for rent and sale, also saw revenues increase 9 per cent to £332.6m up from £304.9m the prior year. [...]
Boohoo share price soars as profits halve: Brits ditch fast-fashion and head back to the high street May 16, 2023 Online fashion retailer Boohoo said its profits halved, as the cost of living crisis continues to hit consumers’ spending and Brits flock back to physical stores. Pre-tax profits for the group halved during the 12 month period ended 28 February 2023 to £63.3m, down 49 per cent, with revenues dropping 11 per cent to £1.77bn. [...]
Ex Asda boss: Cutting prices for cash-strapped Brits is ‘very important’ after Sunuk plea June 23, 2023 Supermarkets regard cutting prices as “very important”, according to a former boss of Asda, after the Prime Minister warned retailers about pricing “responsibly and fairly”. Andy Clarke, who served as Asda’s chief executive officer between 2010 and 2016, said the big chains were “heavily focused” on competitive pricing as the industry hit back over suggestions [...]
Johnson: Can’t ‘magic away’ cost of living problems but UK will draw on ‘fiscal firepower’ May 20, 2022 Boris Johnson has said the government will have to draw upon its “fiscal firepower” to get through the cost of living crisis, but there is no way he can “magic away” the problem. Speaking at a conference in Wales today, the prime minister said Britain will “get through” its current problems, marked by a 40-year [...]
Teachers need the help of parents to come out of this time of crisis for education July 5, 2023 Teachers are leaving the profession in droves, and those who aren't are currently on strike. The education sector needs the support of parents to exit from this time of crisis, writes Maria Taylor
Suella Braverman escapes ethics probe into speeding row May 24, 2023 Suella Braverman has escaped an ethics investigation over claims she asked civil servants whether they could arrange her a private speeding awareness course. Prime minister Rishi Sunak has confirmed no “further investigation” will take place into the row and said he was “reassured [Braverman] takes these matters seriously”. In a letter to the home secretary, [...]
Boxing Day trains: Cancellations leave football fans and shoppers facing chaos December 26, 2022 Shoppers hoping for a Boxing Day bargain could face traffic jams as rail strikes see train services brought to a halt. Thousands of people planning to travel by train have been forced to make alternative plans amid continued industrial action. Hundreds of departures usually run on December 26 after the Christmas Day shutdown. But Network [...]
Scrapping HS2 could jeopardise all of our efforts to level up cities across the UK September 26, 2023 Scrapping the wholeof HS2 now would be an example of another famous characteristic of British statecraft: short term Treasury-driven decision making.
Letters: Insurance is paying a price May 11, 2022 [Re: Hiscox sets aside £32m to weather impact of war in Ukraine, May 5] What’s happened with insurer Hiscox is just another example of how the insurance industry is now entering the most prolonged hard market in living memory. After the financial and reputational losses sustained during the pandemic, we are now deep into a [...]
Starmer: ‘I refuse to join picket lines – because I want to be a Labour PM’ August 31, 2022 Keir Starmer refused to join rail strike pickets “because I want to be a Labour Prime Minister”. The Labour leader made his comments on Channel 5’s popular Jeremy Vine show, responding to callers as thousands of workers continue to bring the country to a halt with industrial action. Starmer previously told close cabinet colleagues not [...]