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Evening Standard
‘We are here to steal your workers’: Londoners to be offered new life Down Under
The Australians are coming to London – and they want to take Britons back with them to solve a shortage of key workers Down Under.Teachers, police officers, nurses and doctors are among the targets of government officials from Western Australia who have over 30,000 job vacancies left open by a booming economy. And they are …
Business
Business Live
Moneysupermarket.com posts strong revenue results despite collapse of energy switching market
Price comparison giant Moneysupermarket.com Group has reported strong revenue and profit growth last year, despite the closure of the energy switching market. The Flintshire-headquartered firm reported a group revenue of £387.6m for the year to 31 December 2022, up from £316.7m 12 months earlier. The company saw strong performances in its money and travel channels, …
Business
Evening Standard
$1bn buyback from Standard Chartered, but profits disappoint City
Standard Chartered, the Asian focussed City bank, that has often flattered to deceive disappointed City analysts today with lacklustre returns.But it boosted guidance for the near future and unveiled a $1 billion share buyback that should calm any investor nerves.The shares up are 35% this year, partly driven by chatter that a foreign suitor would …
Business
Evening Standard
Aldi to hire 400 new London staff as rapid expansion continues
Budget supermarket Aldi has said it is on the hunt for another 400 workers in London as its rapid expansion across the capital continues.The German-owned firm said it is looking for people of all levels of experience to fill roles across the region, with salaries of up to £63,000.The move is part of the firm’s …
Business
Business Live
Boohoo share price collapse forces £175m bonus plan rethink
Boohoo has been forced to rethink its bonus plan after a “unique and unprecedented set of macro-economic and market headwinds experienced over the last three years”. The Manchester-headquartered group said there is now “little or no value” in the existing Growth Share Plan or the current Management Incentive Plan after its market capitalisation “significantly decreased”. …
Business
Business Live
Yorkshire housebuilder MJ Gleeson sees profits fall amid market slowdown
Housebuilder MJ Gleeson has reported substantial falls in operating profit across its homes and land divisions, following similar reports from larger rivals. The Sheffield-based plc said a lower forward order book and weaker sales after last year’s mini budget had contributed to a 19.1% fall in operating profit to £18.2m within its homes division. In …
Business
Sky News
Profits triple to record levels at British Gas owners
Centrica, the company that owns British Gas, has reported record profits for the 2022 financial year.Operating profits of £3.3bn were recorded at the company, up from £948m in 2021, and surpassing the firm’s previous highest ever yearly profit of £2.7bn, posted in 2012. The oil and gas producer has been helped by high energy prices. …
Business
Sky News
FTSE 100 hits 8,000 points mark for first time
The UK’s top flight share index, the FTSE 100, has crossed the 8,000 points barrier for the first time.It was less than a fortnight ago that the collective market value of its 100 constituents exceeded the previous record high – seen all the way back in May 2018. The intraday record of 8,003 was achieved …
Business
Sky News
End to forced installation of energy prepayment meters is temporary, Ofgem reveals
Ofgem has revealed that the end of forced installation of controversial energy prepayment meters only extends until the end of March.The watchdog said the date, that household energy suppliers had agreed to, also included a temporary halt to remote transfers for customers currently on smart meters. The government had suggested last week that the practice …
Business
Sky News
Flybe faces permanent grounding after rescue talks with bidders stall
Flybe, the regional airline which collapsed into administration last month, is to be wound down after attempts to find a rescuer for the business were abandoned.Sky News has learnt that Interpath Advisory, the insolvency practitioner, has terminated talks with potential buyers, which were reported to have included Air France-KLM and the German carrier Lufthansa. Flybe’s …
Business
Sky News
Some cause for optimism despite fastest price rises since 1970s
The scourge of inflation has not yet been defeated but there are reasons to be hopeful.After peaking at 11.1% in October, the headline rate has dropped to 10.1%. It means that inflation has fallen for three consecutive months now. Falling wholesale energy prices and cheaper air fares have helped to bring the consumer prices index …
Business
Business Live
Profits down at Dunelm as inflation continues to bite
Profits at homewares giant Dunelm dropped by a sixth in the second half of last year, partly due to inflationary pressures. The business reported pre-tax profits of £117.4 million for the half year – down from £140.8 million a year before. That came despite its sales rising 5 per cent to £835 for the same …

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