Premier League summer spending tops £2bn for first time – and more records set to fall August 28, 2023 Premier League spending has passed the £2bn mark for the first time in a single transfer window as England’s leading clubs have flexed their financial muscle. With several days left before the transfer deadline on Friday at 11pm, top-flight teams have already exceeded the record £1.92bn lavished last summer. And they could yet surpass £3bn [...]
Octopus Energy closes in on Shell deal as Big Six dominates the market August 28, 2023 Octopus Energy is closing in on a deal to snap up Shell's household energy business - which could be finalised as soon as this autumn.
Shell and BP among firms accused of greenwashing over renewable energy August 23, 2023 Shell and BP are among 12 oil firms who have been accused of greenwashing over the amount of renewable and low-carbon energy they produce. Research commissioned by Greenpeace analysed the annual reports of the British fossil fuel giants for 2022, alongside 10 other European companies. The report compared the amount of renewable electricity generated by [...]
FTSE 100 close: London markets finish in the green despite PMI dip August 23, 2023 London markets rose today despite new PMI data showing a significant slump in UK business activity. The FTSE 100 closed up 0.72per cent after a day in the green, while the FTSE 250, which is more aligned with the health of the UK economy, climbed 1.1 per cent. S&P Global’s Purchasing Managers’ Index (PMI) for [...]
Policy must catch up with investment demand, says Wood Group boss August 22, 2023 Wood Group has raised its trading expectations in its half-year update to investors, predicting higher pre-tax profits.
FTSE 100 close: Mixed messages from China and housing rout sends London markets into the red August 21, 2023 London’s FTSE indexes fell amid a housing sell-off and a limited policy intervention from the Chinese central bank to boost its creaking economy. The FTSE 100 index slipped into the red to trade at 7,258.03 while the midcap FTSE 250 index fell 0.87 per cent to 17,938.91. Indexes in Paris and Frankfurt saw gains however. [...]
Banks to snub Treasury meeting as UK oil and gas sector struggles for financing August 20, 2023 The UK’s oil and gas sector faces the growing prospect of a cash crunch, with the Treasury’s latest attempts to lure lenders unlikely to succeed.
UK spent over £46m on Australia and New Zealand trade deals August 20, 2023 The UK government spent more than £46m on negotiating just two trade deals last year, it has been revealed. Ministers shelled out £46.2m during 2022-23 securing and implementing new trade deals with Australia and New Zealand, according to a recent parliamentary written question. Concerns have been raised over the expected benefit from the Australian and [...]
Row over why London built just one affordable home a month August 15, 2023 A row has broken out over why London has built just one affordable home a month, amid warnings the capital’s housing crisis is fast catapulting into an emergency situation. Figures published today reveal just three affordable homes were started by City Hall during April, May and June 2023 – while stats for previous years extend [...]
Taxpayers shell out record amount on government spending August 15, 2023 British taxpayers spent a record amount this year funding government spending, a top think tank has calculated. Workers have spent more than 60 per cent of 2023 with their incomes going towards paying off the government’s spending and borrowing, according to the Adam Smith Institute (ASI). Today, August 15, marks, what it has dubbed as [...]