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Evening Standard
Minister suggests the King can decide to attend Cop27 if he wishes
A minister has suggested the King can make his own decision on whether to attend an international climate conference in Egypt, amid reports that the Prime Minister advised the monarch not to attend.Liz Truss reportedly objected to King Charles III attending Cop27, due to take place in Sharm el-Sheikh next month.Speaking during a series of …
Business
Evening Standard
Superdry back in profit as shoppers return to the high street
London needs more tourists – but Superdry is back in the black.So says CEO Julian Dunkerton, who hails today’s success as one of the best post-Covid turnaround stories going.“All territories are really positive. We are feeling good about life,” he said. Crossrail will soon open a station near his flagship Bond Street store, something promised …
Business
Sky News
Company insolvencies at highest level since 2009 as energy bills bite
The number of company insolvencies in England and Wales hit its highest level for 13 years in the second quarter of the year, according to official figures.The Office for National Statistics (ONS) recorded a total of 5,629 business failures between April and June. It was the highest quarterly number since the third quarter of 2009.Construction, …
Business
Evening Standard
Government not advising people to reduce energy use, says minister
The Government is not telling people to reduce overall energy consumption, a minister has said, but he refused to rule out rationing.Climate minister Graham Stuart said rather than looking at reducing overall use, the Government is supporting the energy regulator to devise solutions to provide incentives for businesses and consumers to potentially cut peak-time energy …
Business
Evening Standard
How did gilts take us so close to catastrophe?
“Here is something you don’t really understand. It will increase your returns while reducing the risk”. This, in a nutshell, is the cause of last week’s near-catastrophe in the gilts market. As a piece of financial prestigidation, Liability Driven Investing (LDI) is right up there with the raft of other initials which somehow offer this …
Business
Evening Standard
Avanti West Coast given short-term contract renewal by Government
Troubled rail firm Avanti has been given a six months’ stay of execution and ordered to “drastically” improve services on the West Coast Main Line.The Department for Transport had come under pressure to strip Avanti of the UK’s flagship franchise – which links London with Birmingham, Manchester, Liverpool and Glasgow – after it cut services …
Business
Evening Standard
Wetherspoon boss invokes Macbeth as pub empire falls to £30m loss
TIM Martin today invoked Macbeth to describe the travails facing the pub trade as his Wetherspoon empire fell to an annual loss of £30 million.That’s better than the £154 million loss last year, but compares to pre-pandemic profits of £100 million plus.The chairman and founder remains furious at Covid lockdowns which he insists were an …
Business
Sky News
‘We plan for all eventualities’: Minister fails to rule out energy rationing this winter
A government minister has failed to rule out energy rationing across the UK this winter after warnings three-hour power blackouts could be imposed. Asked on Sky News whether the measure – not seen in the UK since the 1970s – would be brought in, climate minister Graham Stuart said the government did not “expect that …
Business
Sky News
House prices fall as mortgage costs rise with warning of more ‘significant downward pressure’ to come
The latest snapshot on the UK housing market sees “significant downward pressure” on prices as mortgage costs rise. The monthly report by Halifax showed just a 0.1% dip in prices last month from August but that the annual rate of growth had slowed from 11.4% to 9.9%. Its commentary focused on tougher affordability amid the …
Business
Sky News
New oil and gas licensing will boost economy and energy security, minister insists
Jacob Rees-Mogg has insisted a new licensing round for oil and gas exploration will boost the UK’s economy and energy security.Speaking as the regulator began a new round of offshore licences, the business and energy secretary said Vladimir Putin‘s latest invasion of Ukraine makes it “more important than ever that we make the most of …
Press Release
Pressat
Unique designs make GWCT Christmas cards a ‘must-have’
GWCT Christmas cards 2022 now available http://www.gwctshop.org.uk A new range of Christmas card designs celebrating the British countryside with humour and affection is now available from the Game & Wildlife Conservation Trust (GWCT) Shop. The collection features new designs from the ever-popular cartoonist Loon. In ‘No Rudolf’, Santa’s favourite reindeer is seen abandoning the sleigh …
Business
Sky News
Bank of England confirms intervention to stabilise pensions market after mini-budget
The Bank of England has confirmed it intervened to stabilise the pensions market following the chancellor’s mini-budget as multiple firms which schemes were reliant on faced the prospect of being wound up within hours.Responding to a letter from Treasury Select Committee chairman Mel Stride asking for greater clarity on why the Bank intervened at the …

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