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Sky News
UK energy producer of French energy giant profits £1.1bn
Charging customers higher electricity prices has helped the UK wing of the French state-owned energy giant turn a profit.While an overall loss was recorded at EDF (Électricité de France) earnings rose at its UK operations, it said in its 2022 annual results. Core profits in the UK electricity-producing entity hit £1.12bn, up from a loss …
Business
Business Live
Energy giant EDF’s profits up in the UK due to higher prices
Energy firm EDF has revealed that core profits in its UK business bounced higher as it charged more for the energy it produced. The French state-backed utilities giant, said profits before tax, interest and one-off items lifted to £1.12bn for 2022 in the UK, following a loss of £21m in the previous year. EDF, which …
Business
Evening Standard
New role for ex-Serco boss Rupert Soames
Former Serco boss Rupert Soames has been named as the new chair of medical technology manufacturer Smith & Nephew.He will join the Smith & Nephew as a non-executive director in April and take on the role of chair from 15 September.Soames replaces Roberto Quarta, who has reached the end of his tenure as chair and …
Business
Sky News
Steel tycoon Gupta embroiled in dispute over Aartee administration
The steel tycoon Sanjeev Gupta has sparked a row over the administration of one of his biggest British customers after launching an attempt to take control of it.Sky News has learnt that Mr Gupta’s GFG Alliance has acquired control of a Singapore-based company called Aartee Group Pte Limited which is an indirect shareholder in two …
Business
Business Live
Michelin-starred Lake District restaurant up for sale with £1.25m price tag
A Michelin-starred Lake District restaurant has been put up for sale with a £1.25m price tag. The Cottage in the Woods is located in Whinlatter Forest, near Braithwaite, and also includes nine bedrooms. Its Michelin star was first awarded in 2019 and is led by head chef Sam Miller. READ MORE: Click here to sign …
Business
Evening Standard
NatWest sees profits jump by a third and returns annual bonus for bosses
NatWest Group has said its profits surged by more than a third to reach £5.1 billion last year, as it revealed its chief executive received a pay packet totalling £5.25 million.The British banking giant took in more income in 2022 as it ramped up mortgage lending amid a higher interest rate environment.But boss Dame Alison …
Business
Evening Standard
PurpleBricks puts up ‘for sale’ sign after profit warning
Online estate agent PurpleBricks could be sold as the business launched a strategic review and announced a profit warning alongside yet another round of redundancies this morning.The PurpleBricks board said that while the brand had value because of its name recognition, it may be more likely to reach its potential “under an alternative ownership structure”.“We …
Business
Business Live
Northern Ireland house prices soften but supply tightness continues to underpin
The first signs of a retrenchment in the housing market has emerged from government data which showed property prices in Northern Ireland fell at the end of last year. Latest data from Land and Property Service showed the average prices of a house in the province stood at £175,234 in the fourth quarter of 2022, …
Business
Sky News
NatWest chief gets huge bonus as bank reveals profits surged
Profits at NatWest have risen to their highest since the global financial crash.The bank recorded profits of £5.1bn before tax in its 2022 full-year results, a high not seen since 2007 and an increase from the £3.8bn booked a year earlier. The payment of a bonus to its chief executive, Dame Alison Rose, was also …
Business
Sky News
Qataris to bid for Manchester United
Investors linked to the Qatari royal family will bid to buy Manchester United on Friday.Investors from the US and Saudi Arabia will also bid for the club, Sky Sports News understands, alongside Sir Jim Ratcliffe’s INEOS group, which has already made its desire to bid for United public knowledge. The Raine Group, which is organising …
Business
Sky News
Tens of thousands of nurses to stage 48-hour strike which will include A&E workers
Tens of thousands of nurses will stage a 48-hour strike at the start of next month, their union has announced, in a worsening dispute over pay and staffing.The Royal College of Nursing (RCN) said no services will be exempt, meaning the strike will involve for the first time nursing staff working in emergency departments, intensive …
Business
Sky News
Retail sales rise with online shopping most popular
Retail sales rose in January, surprising economists after a two month fall, according to official figures. Sales were expected to fall 0.3% according to a Reuters poll of economist forecasts, but data from the Office of National Statistics (ONS) showed the numbers were better than the loss in December. But there was an overall fall …

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