Broadcaster STV records highest revenue, lowest debt and best viewing share since 2008 March 10, 2022 Scotland’s free-to-air broadcaster STV capped off an “exceptional” 2021 by recording its highest revenue, best viewing share and lowest level of debt since 2008. The network registered a 35 per cent increase in revenue from two years ago, with a near 40 per cent operating profit. Its chief executive also said the company dramatically slashed [...]
Energy giants pump £75m into offshore wind schemes following UK ban on Russian oil imports March 9, 2022 Two energy giants will pump £75m into offshore wind projects, which could light 8.5m homes, as Britain looks to wean itself on dependence for Russian oil. ScottishPower and Shell have set aside the cash stimulus for initiatives to improve clean energy, after the duo were awarded rights to develop floating wind projects off the country’s [...]
As the Queen moves out of Buckingham Palace, any new occupant would pay £250m deposit with monthly mortgage of £1m March 9, 2022 With the Queen moving out of Buckingham Palace to ‘work from home’ at one of her castles, research has found it would cost almost £250m just for a deposit to purchase the London landmark – with up to £3m a month in loan payments. In her Majesty’s Platinum Jubilee year, the nonagenarian has left the [...]
Nearly half of all Brits fear inflation may rise more than Bank of England prediction March 9, 2022 About two-fifths of people polled recently have a more pessimistic view about rising inflation than the Bank of England, it has been revealed. Despite the Bank’s prediction of a seven per cent spike in Spring, 39 per cent of respondents to a survey by HR software provider CIPHR thought it would be eight percent or [...]
Lettings head at Foxtons joins rapidly-growing Lomond Group to lead entry into London market March 9, 2022 Ed Phillips will leave his position to become the new group CEO at the Lomond Group, as the latter builds on a busy 12 months that included 25 key acquisitions.
Exclusive: Top UK, German and Belgian retail bosses planning to launch more embedded finance schemes March 9, 2022 More than 50 per cent of top European business leaders are looking to launch more embedded finance schemes, a survey has revealed. An independent poll of 753 bosses in retail and eCommerce companies spanning the UK, Germany and Belgium, indicated most would back such initiatives – which integrate financial services in non-financial companies. The survey, [...]
Calls to boycott Coca-Cola, PepsiCo, Pizza Hut and McDonald’s over refusal to quit Russia March 8, 2022 Major international food and drink brands including Coca-Cola, McDonalds, PepsiCo and Pizza Hut have refused to close outlets in Russia – leading to calls for boycotts from campaigners. Companies have faced mounting calls to quit selling their products in Russia following its invasion of Ukraine, as other major international brands such as Apple and Netflix [...]
HMRC owes construction workers close to £1.5bn following pandemic property boom March 8, 2022 Almost £1.5bn is owed to Britain’s construction workers by the taxman following the pandemic property boom, according to new data shared with City A.M. today. It is estimated that more than 1m people working in the sector could be owed a tax refund, after the industry “weathered a particularly fierce storm” to keep Britain building [...]
Gold diggers: Mining firms team up to address market ‘challenges’ March 7, 2022 London-based gold and nickel exploration firm Katoro Gold has entered into a joint venture with an Australian company Lake Victoria Gold. The companies plan to work on Katoro’s so-called Imweru Gold Project, after it had previously announced the sale of the scheme. Katoro chief executive Louis Coetzee said the agreement “was a strategic decision by the [...]
