Thames Water, the UK’s largest water firm, is facing financial challenges due to its massive £18 billion debt burden as the water regulator, Ofwat, has told the firm it must secure additional funding independently, rather than relying on a taxpayer bailout. The company hopes to reach an agreement with Ofwat and the government to avoid […]
Aston Martin Lagonda fell short of its revised production targets for 2023, facing delays in the launch of the £185,000 DB12 sports car, resulting in 6,620 deliveries to dealers, below the revised goal of 6,700. Despite this setback, the company reported an 18% increase in revenues to £1.6 billion, buoyed by the sale of limited […]
The Institute for Fiscal Studies (IFS) has cautioned against implementing tax cuts in the upcoming Budget unless the government can provide clear details on how they will be funded. The warning comes amidst hints from Chancellor Jeremy Hunt about potential tax reductions, with the possibility of this being the last Budget before a general election. […]
Starting from June 2024, travellers will have the opportunity to experience the first electric coach service between London, Bristol, and Newport in South Wales. Ticket prices will begin at just £2.99. The 46-seat coach will offer modern amenities such as USB charging points, free wifi, and a toilet onboard. This zero-emission vehicle is a significant […]
Next has shown interest in purchasing assets of The Body Shop, the cosmetics chain currently facing insolvency. According to sources, Next executives have reached out to administrators at FRP Advisory to explore a potential deal for parts of The Body Shop. While Next has been monitoring The Body Shop for some time, recent discussions between […]
Labour leader Sir Keir Starmer has unveiled plans for what he terms a “patriotic economy,” with a primary focus on bolstering home ownership and revitalising communities through the creation of new towns. The announcement, made during a visit to a housing development in the West Midlands, signals Labour’s commitment to reshaping economic priorities if elected. […]
In a strategic move to redistribute funds and prioritise local transport infrastructure, Prime Minister Rishi Sunak has unveiled plans to allocate £4.7 billion to the North and Midlands regions of England. This significant investment follows the decision to abandon the northern extension of the high-speed rail project, HS2, last year. The reallocated funds will be […]
Breadcrumb Trail Links News Investor A tribute to Charlie Munger and warning about the current state of the stock market Warren Buffett released his annual letter to shareholders Saturday. Photo by AP Photo/Nati Harnik, File Article content When legendary investor Warren Buffett releases his annual letter to his 3 million shareholders, the financial world pays […]
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Article content Suspected digital fraud attempts in Canada shot up almost 40 per cent in 2023, the third-highest increase among 19 countries, a TransUnion study says. New data analysis from the credit reporting agency found that “five per cent of all digital transactions originating from Canada were suspected to be fraudulent.” Article content Sixty per […]