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Evening Standard
Wetherspoons pays £1 in every £1000 of government tax
WARREN Buffett is one of the few business people who likes to brag about how much tax his enterprises pay, and to say he expects the bill to go upwards. (Others tend to see the tax code as an exercise in what you can get away with.)Tim Martin at JD Wetherspoon may not regard paying …
Business
Sky News
Wetherspoons toasts return to profit – despite ‘ferocious’ impact of inflation
Wetherspoons has reported a post-pandemic return to profit – but warned “ferocious” inflation has hit its business.The pub chain reported a half-year pre-tax profit of £4.6m, up from a loss of £26.1m in 2022. It also said sales in the seven weeks to 19 March had soared 14.9% on a year earlier and were up …
Business
Evening Standard
Bank governor warns of inflation danger as he pleads with firms on prices
The Governor of the Bank of England has pleaded with companies to remember that inflation will drop sharply later this year when they are setting prices or risk hurting those on the lowest incomes.Andrew Bailey said that if companies set prices that help embed inflation in the economy it will not benefit anybody and warned …
Business
Sky News
Popularity of discount stores and food shops helps retail sales rebound
Official figures have shown a much larger than expected pick up in retail sales last month as a closely-watched measure of consumer confidence reaches its highest level in a year.The Office for National Statistics (ONS) reported a 1.2% rise in sales volumes in February compared to the previous month, adding that the performance took sales …
Business
Sky News
Millions of mobile phone and internet users set to have to pay much higher bills this time next week
Millions of mobile phone and internet users are facing a price increase of 17.3% on their bills in just a week’s time.Every April, many broadband and mobile firms raise their prices in line with the Consumer Price Index (CPI) plus an additional 3-3.9%. As these price rises are often applied mid-contract, people either have to …
Business
Business Live
Have you got what it takes to join an East Midlands ‘Girls in Tech’ internship?
A company that helps online businesses collect and monitor customer reviews has launched a ‘Girls in Tech’ internship programme to encourage more women into the sector. REVIEWS.io is launching the first two-week placement in June, based out of its Leicester headquarters. Successful candidates will get to experience all aspects of the business and its products …
Business
Sky News
Bank of England raises interest rate but no longer expects UK recession this year
The Bank of England has revealed it no longer believes the UK will face a technical recession this year, as it raised the interest rate by a further quarter percentage point.The unexpected change to its forecast was contained in the minutes alongside its decision to raise borrowing costs for an eleventh successive time to 4.25%. …
Business
Evening Standard
What is Sizewell C and how will it be paid for? Campaigners challenge new plant
Campaigners have told the High Court that the Government‘s decision to support the Sizewell C nuclear power plant plan was “unlawful” and should be overturned.Business Secretary Grant Shapps announced a £700 million Government investment in the Suffolk coast project last year.Protest group Together Against Sizewell C said the Government neglected to consider potential environmental effects. But …
Business
Business Live
Sewell makes a splash as key service launches on World Water Day
Sewell Group’s facilities management business has launched a standalone water hygiene service. The Hull-headquartered company has brought forward the division after finding many building owners were unsure of legal responsibilities over the provision. And it was unveiled on World Water Day, with initial assessments in the coming weeks to trigger donations to charity Water Aid. …
Business
Business Live
Openreach hits 10m full-fibre broadband milestone
Openreach said it hopes to provide 25 million premises with full-fibre broadband by 2026 after announcing it was now available to 10 million homes, businesses and public services. The communications giant said its 10 millionth location had been reached in the village of Ketton in Rutland, where more than 900 homes and businesses in this …
Business
Evening Standard
Crest Nicholson sees recovery in house sales, but warns some buyers need support
Housebuilder Crest Nicholson has warned that recent turmoil in mortgage markets is creating further differences between people with and without a lot of equity who are trying to buy a house.The business said that because fewer people were buying homes, mortgage lenders were competing for customers with higher levels of equity and offering “competitive rates”.“However, …
Business
Evening Standard
Wickes reveals profits fall amid fading DIY demand
Retailer Wickes has become the latest DIY firm to reveal slumping profits and trading under pressure as the pandemic boom in home improvement fades.The group, which also trades as a builders’ merchant, posted a 38.4% slump in pre-tax profits to £40.3 million for 2022 and cautioned that sales have also started 2023 on the backfoot.On …

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