S&U: Motor finance lender urges Labour to change ‘restrictive’ regulation after profit warning August 12, 2024 Specialist lender S&U has urged the new Labour government to change the UK's "restrictive and constantly changing" regulatory regime after warning that actions by the City watchdog would have a "significant impact" on its motor finance business' profits.
Man United drop clear hint over £2bn, 100,000-seater new stadium September 4, 2024 Manchester United have opened talks with the Rugby Football League over a long-term deal to host the Super League Grand Final at Old Trafford – the clearest hint yet that they are pressing ahead with plans to build a new 100,000 stadium next door. The RFL’s current staging agreement with United expires following next month’s [...]
UK housebuilding tumbles into ‘stagnation’ amid reversing economy June 8, 2022 Higher raw material costs and ongoing supply chain disruption clamped down on the UK construction sector last month, according to a closely watched survey released today. Construction businesses cut back on activity amid rapid cost inflation persisting in May making projects unviable. Just over seven in 10 firms said input prices climbed in May, driven [...]
Genuit: Construction supplier’s profit nearly halves as ‘subdued’ market conditions persist August 13, 2024 Sustainable construction supplier Genuit has posted a near halving of its profit for the first half of 2024 and said it expected "subdued" market conditions to persist for the rest of the year.
Bellway: Revenue drops but housing market on the up August 9, 2024 Housebuilder Bellway’s revenue has dipped by more than £1bn as “challenging operating conditions” have continued to hit the group. The London-listed company, headquartered in Newcastle upon Tyne, brought in revenue of £2.3bn in the year ending July 30, 2024, down from just under £3.4bn in the 12 months before. Revenue fell as the number of [...]
Insolvencies hit highest level since 2009 as firms feel pressure from rates and inflation July 28, 2023 The number of company insolvencies in the second quarter hit its highest level since 2009, new figures showed, as firms struggled with a cocktail of rising costs and a tightening lending environment. In the three months to June 2023, there were 5,240 seasonally adjusted registered company insolvencies, nine per cent higher than last quarter and [...]
Travis Perkins lowers profit forecast on housing market slowdown August 6, 2024 Travis Perkins said its restructuring measures and tightened controls have helped cut overheads by £19m compared to the previous year, with cost inflation absorbed.
FCA to extend motor finance probe amid consumer tensions July 30, 2024 The FCA said it intended to set out next steps in its review into the past use of so-called DCAs in May 2025.
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.
National Grid told to hurry up as solar projects face 15 year waiting times April 26, 2023 National Grid needs to speed up waiting times for new energy projects, or the UK risks failing to meet its solar power targets.