What’s to blame for Tory woes? Boris Johnson and Brexit July 9, 2024 If Boris Johnson hadn’t backed Brexit, the Tories could still be in power – and further pandering to the right will only push voters further into the pinstripe embrace of Nigel Farage, argues Alys Denby As an endorsement of Keir Starmer, this election result was equivocal. His thumping majority was won with a vote share [...]
Government steps in with six month emergency package for businesses September 21, 2022 British businesses will be provided with a six-month emergency package of support to help them pay their energy bills this winter.
Landscaping firm Marshalls back to pre-pandemic levels of profit March 17, 2022 Marshalls, which produces stone and concrete for landscaping, has returned to pre-pandemic levels of revenue and profit. The Yorkshire-based construction firm’s full year results for 2021 include revenue of almost £590m, a 25 per cent increase on 2020, and nearly £50m, more than for 2019, pre Covid. Its EBITDA (earnings before interest, taxes, depreciation, and [...]
Axa launches £840m share buyback scheme as higher earnings offset £250m hit from Ukraine August 3, 2022 French insurance giant Axa today said an uptick in earnings, driven by higher incomes from its investment portfolio, offset the €300m (£251m) hit to its business arising from the war in Ukraine. In reflecting its “robust performance,” Europe’s second biggest insurer vowed to buy back €1bn worth of its own shares from shareholders, after [...]
Germany to launch new enforcement agency to strengthen fight against white-collar crime August 25, 2022 Germany has set out plans to start a new country-wide financial crime authority with a view to strengthening the country’s responses to sanctions breaches and white-collar crime. The plans will see Germany’s finance ministry combine the country’s more than 300 financial crime agencies into a new federal authority, in line with plans to “curb financial [...]
Fuel price rise means cost of running a car jumps 17 per cent April 25, 2022 Huge jumps in fuel prices have contributed to a rise in the cost of maintaining a car by 17 per cent to £3,500. Motorists are spending on average £1,435 to fill up their car each year, which is a £960 rise, according Insurance Revolution. The fuel jump rise means some road-users have started to use [...]
‘Warning lights flashing’ as UK risks missing out on £450bn energy market March 26, 2024 OEUK said that any argument for windfall taxes on oil and gas firms has disappeared with energy prices having returned to pre-Russia-Ukraine war levels.
Eurozone inflation forecast to double this year as industry confidence plummets April 16, 2022 Inflation in the eurozone is anticipated to double to six per cent this year, piling more pressure on the European Central Bank to hike interest rates. Inflation expectations have shot up from an average of three per cent to six per cent in 2022, according to the ECB’s quarterly survey of economists. This is three [...]
Heal’s sales hit record levels as furniture firm’s online offer grows April 11, 2022 Furniture firm Heal’s sales hit record levels last year, surpassing £50m for the first time in its two-century history. The company said yesterday gross sales jumped 27 per cent against the previous year, as its online division gathered steam. Although its six bricks-and-mortar stores were shuttered for months on end due to Covid lockdowns, the [...]
We have the history to attract investment, now we need the reforms to the City too April 18, 2023 London has the benefits of proximity to Europe, the English language and the common law. But to keep business investment coming to our shores, we need to push ahead with new reforms, writes Andrew Griffith Is the UK the best place in the world for business? Absolutely. For over 400 years, the UK has pioneered [...]