UK and Australia sign its first ‘from scratch’ trade deal December 16, 2021 The UK has signed an historic trade agreement with Australia this evening, as the first ‘from scratch’ since leaving the EU,setting new global standards in digital and services and creating new work and travel opportunities for Brits and Aussies.
UK M&A deals dip 31 per cent over last quarter September 7, 2021 The number of mergers and acquisitions involving UK companies dipped over the last quarter, according to official figures released today. Data from the Office for National Statistics shows the volume of M&A deals involving UK firms fell 31 per cent over the last quarter, dipping to 381 in the second quarter from 556 in the [...]
Sainsbury’s profits takes inflation and cost of living hit as supermarket faces stark choice April 27, 2023 In its full year results for the year ending 4 March 2023, Sainsbury’s pre tax profits fell from £854m to £327m as the retailer battled to keep its pole position as one of the UK’s largest supermarkets. The supermarket giant said it was impacted by non-cash asset impairments, driven by a higher discount rate, and [...]
UK rallies Australia to up its net zero targets ahead of G7 summit June 3, 2021 The UK is rallying Australia to up its emission reduction target for the 2030s, the British high commissioner has said today, suggesting 2050 will be too late. Ahead of the UK hosted G7 meeting next week, British high commissioner Vicki Treadell said the UK was asking all attending nations to raise their interim net zero [...]
US stocks surge after worst week in nearly four months June 21, 2021 Wall Street rallied today, with the Dow Jones Industrial Average completing its strongest session in over three months as investors piled back in to energy and other sectors expected to outperform as the economy rebounds from the pandemic. The S&P 500 value index, which includes banks, energy and other economically sensitive sectors and has led gains in [...]
Insolvencies at ‘jaw dropping’ level as debt industry warns UK economy ‘is not out of the woods yet’ April 18, 2023 More companies in England and Wales entered insolvency during March than at any point since monthly records started three years ago, according to official data that showed a 16 per cent increase on a year ago. The Insolvency Service reported 2,457 corporate insolvencies last month, up from 1,784 in February. The rate of companies falling into insolvency [...]
City of London Corporation unveils plans for startup hub at City Place House July 1, 2021 The City of London Corporation this morning announced it has resolved to grant planning permission for Great Portland Estates’ redevelopment of City Place House into a 13-storey office structure that will include affordable space for small businesses and startups. The redevelopment, which will be overseen by Great Portland Estates, will be redeveloped into a 44,500 [...]
M&S remains UK’s fastest growing supermarket catching up with Big Four grocers February 8, 2022 Marks & Spencer has maintained its position as UK’s fastest growing food retailer, market researcher NielsenIQ said today, indicating its turnaround plan is gaining momentum. It said M&S’s sales rose 12.3 per cent in the 12 weeks to January 29 year-on-year, giving it a market share of 3.6 per cent, up 0.4 percentage points on [...]
Supermarkets stocking shelves with Lynx instead of Christmas products after delivery issues October 19, 2021 Supermarkets are filling shelves with deodorants in order to make shops look stocked. Speaking to the Business, Energy and Industrial Strategy (BEIS) committee, Food and Drink Federation boss Ian Wright said shortages of HGV drivers had resulted in some “extraordinary” scenes. The food boss was keen to stress that the country was “not going to [...]
Angry EU suspends trade talks with Australia after £48bn submarine row October 1, 2021 The European Union said this morning it is suspending trade talks between the bloc and Australia following a dispute over Canberra’s decision to cancel a multibillion-euro submarine deal with France. Miriam Garcia Ferrer, the EU commission spokesperson in charge of trade, confirmed the decision but did not give any specific reason for the postponement. The [...]