Independent monitor now takes control over the largest water company in the UK, Thames Water, given the financial debacle. This will ensure that the latter strengthens both its operational and financial status and does not get subjected to a government takeover. The independent monitor will track actions taken by Thames Water and report back to …
The first ever transatlantic flight powered with 100% sustainable aviation fuel, as continued to be talked about by Virgin Atlantic, was recently banned by the Advertising Standards Authority. In the report, it had been mentioned that despite being powered by SAF, the fuel still "produces significant emissions and has other environmental trade-offs." The ASA said …
The UK Chancellor, Rachel Reeves, eyes the pension model of Canada as a means to revamp the country's local government pension scheme. This move will consolidate the smaller pension funds into one large and more efficient fund, hence driving more significant investments into infrastructure and businesses. Rachel Reeves' Plan to Overhaul UK Pensions: Turns to …
July saw UK house prices jump to 0.8%, reaching an average property price of £291,268. With mortgage rates projected to stay lower for longer, the housing market is expected to rise stronger throughout the year. This is coming on the back of slow growth, and experts foresee moderate rises in a future ahead. UK home …
A lawsuit was filed by Elon Musk's company X, formerly Twitter, against some of the platform's biggest advertising clients, including Unilever and Mars, over an alleged boycott of the platform. The lawsuit claims it cost X billions of dollars in lost ad revenue. Legal experts have said this could be a tough case to prove. …
Interim dividend up 5% at Legal & General Group PLC, despite flat profits in the first half of 2024. New CEO António Simões has growth targets and mixed divisional results. It intends to grow dividends and share buybacks through 2027. Legal & General Group PLC announced a 5% increase in the interim dividend when the …
Disney is headed back to profit in the third quarter, largely lifted by the streaming services business segment. Inside Out 2 also clocked good numbers at the box office, adding to the income of the entertainment segment as well. More and more subscribers are being lured to Disney+. While the theme parks took a little …
FTSE 100 rose 1.75%, its largest one-day rise in four months, following efforts of a deputy governor at the Bank of Japan to dampen expectations of imminent interest rate rises; such reassurance steadied global markets, with Tokyo, Europe, and Wall Street notching up strong gains. FTSE 100 Rises 1.75% as Japan Dampens Rate Hike Concerns …
National Savings and Investments has rolled out two new types of British Savings Bonds, with an available interest rate per annum reaching 4.6%. These are bonds at terms fixed for two years or five years and available with different interest payment options. With competitive rates, they aren't tax-free, like Premium Bonds are. Consider these details …
Growth in the UK's construction industry reached its highest point for more than two years last month. Part of the surge has been blamed on new planning laws introduced by the Labour government, pitted to ignite activity. All sectors of the construction industry, from commercial property to housing and infrastructure, are growing dramatically. The construction sector …
The recent cut in interest rates by the Bank of England is some much-needed good news for homeowners and prospective house buyers. However, it raises many questions around the type of mortgage to opt for, whether to act now or hold off for possibly better deals. Here are some insights and advice that can help …
The Japanese stock market continues to fall; the Nikkei index lost 12.4 percent. Many reasons, ranging from economic problems in the US to a change in Japan's currency, were cited as the cause for this steep fall. This paper elaborates the reasons behind this great fall and the aftereffects on the Japanese economy and the …
Domino’s Pizza Group is planning to offer more local deals to customers as food costs decline. Despite an uptick in sales during the Euro 2024 football tournament, the company has lowered its profit outlook due to slow orders in the first half of the year. The new deals aim to pass on the savings from …
It has warned that the problems in the stock market are not yet over. According to experts at JP Morgan, the unwinding of "carry trades" is only half done—foreshadowing more trouble for financial markets. The stock market's in a world of trouble, and Wall Street big bank JP Morgan thinks it's far from over. They …
