Article content (Bloomberg) — Argentina’s state-run energy company Enarsa has cancelled another shipment of liquefied natural gas, according to a person familiar with the matter. This cancellation was because of low demand resulting from warmer-than-usual winter temperatures in the South American country, said the person who asked not to be named because the information is […]
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Article content Shares of Telesat Corp. soared 50 per cent Aug. 11 after the company announced it has swapped manufacturers to build 198 satellites for its Lightspeed Low Earth Orbit program to help service enterprise and government customers and rural and remote communities in Canada. Canadian space company MDA Ltd., whose shares also took off […]
Wilko, the well-known High Street homeware retailer, has recently collapsed into administration, unable to secure a rescue deal. With 400 shops and 12,500 workers at stake, the future of the company hangs in the balance, I look at the reasons behind its downfall, and the potential implications for its employees and the retail industry as […]
Article content (Bloomberg) — Bill Gross, the one-time bond king, said stock and bond bulls are wrong, as both markets are “overvalued.” The former chief investment officer of Pacific Investment Management Co., speaking in an interview on Bloomberg Television, said the fair value of the 10-year Treasury yield is about 4.5%, compared with the current […]
Canary Wharf, the iconic business district in east London, is undergoing a significant transformation as it adapts to the changing needs of its tenants and the local community. With a rise in flexible working and the departure of some major banks, Canary Wharf Group (CWG) is diversifying its focus and exploring new sectors to inject […]
With inflation and rising vehicle repair costs, motorists in the UK are feeling the pinch when it comes to insuring their vehicles. According to the Association of British Insurers (ABI), the average premium for car insurance in the three months leading up to June reached a record high of £511. This represents a 21% increase […]
The warm weather in June has had a significant positive impact on the UK economy, surpassing expectations and providing a much-needed lift. Official figures show that higher temperatures during this period boosted the performance of pubs, restaurants, and the construction industry, resulting in a growth rate of 0.5%. Although strikes by NHS workers affected output […]
A leading accountant has labelled HMRC as ‘dead in the water’ – after receiving a response to an enquiry submitted in 2020 more than three years later JF Hornby & Co requested a simple administrative change be made to one of their client’s accounts on January 13, 2020. Almost three-and-a-half years later – on June […]