Lower power prices hit investment trust Renewables Infrastructure Group August 9, 2024 Renewables Infrastructure Group’s net asset value (NAV) has declined four per cent since the start of the year as low power prices and weak energy generation have hit the investment trust. The £2.5bn trust was launched in 2013 to invest in renewable energy generation and supporting infrastructure. In its interim results today, it revealed that [...]
Mark Kleinman: If Britain is open for business, prove it August 8, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Toyota: Interest payment rises help sales accelerate towards £1bn at European arm August 7, 2024 Sales at the European arm of Toyota have accelerated by almost 50 per cent to almost £1bn during its latest financial year, it has been revealed. The car making giant, which also sells Lexus cars, has posted a total revenue of £941.7m for the 12 months to March 31, 2024, according to newly-filed documents with [...]
Late surge calms management’s fears at bathroom brand Samuel Heath August 7, 2024 British tap and bathroom accessory maker Samuel Heath said its sales had “turned out considerably better than the board had feared” thanks to a surge in orders in the final few months of its financial year. The London-listed company saw its sales for the year ending March 30, 2024, reach £15.24m, a 3.5 per cent [...]
IFS: Reeves tweaking debt rule won’t change fiscal fundamentals August 7, 2024 The Chancellor has inherited a very difficult fiscal position, with many public services in need of funding boosts while both the tax burden and national debt stand at their highest level for many decades.
‘Strike the right balance’: Rachel Reeves doesn’t rule out capital gains tax hike August 6, 2024 Rachel Reeves has refused to rule out a hike to capital gains tax, insisting it was vital to “strike the right balance” when it came to fiscal policy.
How our two-century-old fine cider brand is climbing its way to the top August 6, 2024 Ambition A.M. meets Nick Showering, brand manager at Somerset-based Showerings Cider, to look at how the 180-year-old fine cider brand is climbing its way to the top of an evolving market.
UK retail sales pick up as summer finally heats up August 6, 2024 Retail sales returned to growth in July after the long-awaited summer boost for retail finally arrived along with the warmer weather. Total retail sales increased by 0.5 per cent year on year in July, up from the three-month average growth rate of 0.3 per cent, according to the British Retail Consortium (BRC)-KPMG Retail Sales Monitor [...]
‘Uncomfortable reading’: UK tech growth drags as number of new companies falls by 11 per cent August 5, 2024 The capital registered 6,170 new tech companies in the second quarter of 2024, down from 7,253 in the first quarter and a slight one per cent decline from the same period last year.
Losses from in-store retail fraud rise 2,000 per cent in 2024 August 5, 2024 Reports of in-store retail fraud rose by 545 per cent in the first six months of 2024 compared to 2023, while losses rose an estimated 2,000 per cent, according to new data. Figures from the NFIB Fraud and Cyber Crime Dashboard showed that in-store losses widened from £258,000 in 2023 to £5.4m in 2024. The [...]