Westminster gets hundreds more Green MPs as government on track to have quarter of cars low-emission January 20, 2023 The UK Government is on track with its green targets following an announcement that over 25 per cent of all its cars now ultra-low emission vehicles. Ultra-low emission vehicles (ULEV) are cars that use low-carbon technology, emitting less than 75g of CO2/km. These are usually either electric cars or plug-in hybrids. “As the UK moves [...]
Rolls-Royce shares skyrocket over 20 per cent after profit guidance doubled July 26, 2023 Rolls-Royce shares skyrocketed more than 20 per cent this morning after it raised its full year profit guidance on the back of a boom in long-haul flying and increased defence spending. The aerospace giant also said that half year profits are expected to be “materially above” expectations, with the company looking to make £680m, double [...]
Ukraine war leading to long-term consequences for aviation, says Emirates’ Sir Tim Clark April 18, 2022 The Ukraine war and the consequent exclusion of Russia from the global economy will have long-term consequences for global aviation, said Emirates’ boss Sir Tim Clark. “This [war] will have major manifestations of perhaps disadvantage for both sides. And this will have an impact on the industry,” he told the BBC today. Clark said Emirates was [...]
Atom Bank swings to first profit as juicy rates tempt in savers July 24, 2023 Atom Bank has notched its first full year of operating profit today after jacking up its savings rates and nearly doubling its customer base over the past year.
Peel Hunt expects second straight annual loss amid tough dealmaking market but sees green shoots April 3, 2024 Peel Hunt expects to report a second straight annual loss for its last financial year as the investment bank grapples with a reduced appetite for dealmaking and IPOs.
Plastic manufacturing firm Robinson is ‘seeking substantial price increases from all customers’ March 24, 2022 Plastic manufacturer Robinson is “seeking substantial price increases from all customers” due to soaring input costs. The Chesterfield-based company took in £46m in the last 12 months, up from £37m in 2020, but its operating profit fell 56 per cent to £1.2m, from £2.7m. The company, which made a loss before tax of just £100,000, [...]
Ryanair boss says Ukraine operations will continue as long as “there is no war or missiles flying there” February 16, 2022 Ryanair’s boss has declared the low-cost airline has a duty to operate in Ukraine and will continue to fly as long as “there is no war or missiles flying there”. “We see no reason not to continue those flights until we are told by European authorities that it is not safe to fly,” he said during [...]
FTSE 100 close: London ticks up on economic data, banking stocks pare losses October 24, 2023 London’s FTSE indices closed higher on Tuesday, paring losses from this morning as investors mulled key economic data and the state of the UK’s banking sector. The blue-chip FTSE 100 traded 0.2 per cent higher at 7,389.70, while the mid-cap FTSE 250 dropped 0.38 per cent to 16,994.10. Investors weighed S&P Global’s Purchasing Managers’ Index, [...]
Now is not the time for opportunistic personal tax cuts February 25, 2024 The government may think Slashing Income Tax or National Insurance will win votes, but boosting growth and restoring the UK's reputation as a stable place to invest should be the priority, says John Dickie
Shapps’ shale shutdown: Fracking group ‘frustrated and disappointed’ by U-turn on moratorium October 28, 2022 A fracking advocacy group has said it is “deeply frustrated and disappointed” by a government U-turn reintroducing the moratorium for the practice. Grant Shapps confirmed to Parliament this week the UK would “not support shale extraction” unless science can show “categorically that it can be done safely”. The U-turn on Liz Truss’ decision to lift [...]