Lucky strike: Hollywood Bowl hails record revenue as pent-up demand pays off April 8, 2022 The UK’s largest ten-pin bowling operator has hailed record first half revenues this year, as pent-up demand pays off. Hollywood Bowl raked in £91.3m in the six months to 31 March, up nearly 660 per cent in comparison with the £12m it pulled in the same period last year. Four of the top five months [...]
Johnson Matthey unveils plans to build £80m hydrogen gigafactory to boost energy ambitions July 18, 2022 Johnson Matthey has revealed plans to build an £80m gigafactory at its site in Royston, as it looks to to scale up hydrogen fuel cell manufacturing.
Sunak: BoE will ‘act forcefully’ on inflation and govt will ‘be responsible with borrowing and debt’ June 22, 2022 Rishi Sunak sought to reassure people following a 40-year high in UK inflation to 9.1 per cent, insisting the Bank of England will “act forcefully” to counter the rise. The BoE, which is independent of government, has been criticised for not being quick and decisive enough about rising costs of living, with members of the [...]
Government provides Sizewell C nuclear plant with £100m investment boost January 27, 2022 The government has allocated a further £100m for the Sizewell C nuclear project as it hopes to lure in private investors.
Lack of government strategy putting UK decarbonisation goals at risk, NAO warns March 1, 2023 The government lacks a plan for all electricity to be generated through clean energy sources by 2035, warned the National Audit Office.
Whiskas and Pedigree owner halts supplies of pet foods to Tesco in latest price dispute July 5, 2022 Tesco shoppers looking for pet food brands Whiskas and Pedigree have been left disappointed after supplies were paused in another price row involving the UK’s largest grocer. The supermarket explained empty shelves by arguing it had refused to “pass on unjustifiable price increases” to its shoppers, The Guardian reported. In images posted by Steve Dresser, [...]
City watchdog urges finance industry to shape up in fresh consumer drive December 7, 2021 The City watchdog today threw down the gauntlet to the financial services industry by launching a fresh regime that puts consumers at the heart of firms’ work. The Financial Conduct Authority (FCA) set out plans to introduce a new guiding duty that is intended to bolster consumer protections. The move has been sparked by the [...]
Car chain Lookers profits dip as soaring costs throttle jump in sales August 24, 2022 Car dealership chain Lookers has reported a dip in profits for the first half of the year as soaring costs and supply strains offset a jump in revenue to £2.23bn. In a trading update today, bosses said that pre-tax profits fell from £50.4m in the first six months of last year to £49.9m in 2022, [...]
Huel: No rush for IPO as meal replacement drinks biz passes £100m revenue March 30, 2022 The CEO of start-up Huel has said its £1.50 meal replacement drinks offer struggling households affordable nutrition as inflation skyrockets. “We feel we can support [people in the cost of living crunch,] given our products start at £1.50 a meal,” CEO James McMaster told CityA.M. Households are facing sharp grocery bill increases this spring, as [...]
EasyJet remains optimistic about 2022, as UK spearheads booking growth January 27, 2022 EasyJet’s chief executive Johan Lundgren has said the airline remains optimistic about 2022, following a recovery in customer confidence. “Customers are more confident in their ability to travel due to our flexible policies,” Lundgren told investors this morning following the company’s first quarter results. In the UK, bookings initially jumped off on 5 January, when [...]