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Evening Standard
L&G aims to bring more levelling up to London as profits and dividends rise
Legal & General has told the Standard that it is time to bring more levelling up to London as it continued its long run of dividend payouts and reported half-year operating profit of £1.2 billion, up 8%.“We see huge opportunities to invest, we’re trying to do levelling up in London… we’ve done so much more …
Business
Business Live
The firms in Wales that together are creating thousands of new jobs
Despite a challenging economic outlook companies in Wales have this year confirmed major expansions that promise to create thousands of new jobs. Company: The Magic Bean Co How many jobs are being created? 4,000-plus UK-wide Swansea coffee franchise The Magic Bean Co announced in June that it plans to increase its 25 Starbucks drive-thru sites …
Business
Evening Standard
More pain for consumers as credit card interest rates hit 24-year high
Hard-pressed consumers already reeling from soaring food and energy prices suffered another blow today as new figures showed credit card interest rates have hit a 23-year high.Average interest rates on credit cards stood at 21.66% in July, data from comparison site Freedom Finance shows, an increase of 0.23 percentage points since June and the highest …
Business
Evening Standard
London hotels ‘coming back fast’ despite fewer business travellers
London’s recovering hotel sector has still not caught up with pre-Covid levels of demand as hospitality in the capital faces a dearth of business travellers, says InterContinental’s owner IHG.Revenue per room in London was 10% behind 2019 levels in the first six months of the year, IHG reported, while revenue from the regions was 1% …
Business
Business Live
Still time to enter the Swansea Bay Business Awards 2022
There is still time to enter awards celebrating the best firms and entrepreneurs in the Swansea Bay City Region. The longstanding and influential Swansea Bay Business Awards will again showcase excellence in business success across the region, which covers the local authority areas of Pembrokeshire, Carmarthenshire, Neath Port Talbot and Swansea. The region is home …
Business
Sky News
Events start-up Pollen on brink of collapse months after $150m fundraising
A taxpayer-backed events start-up that has sold travel experiences featuring Duran Duran and Justin Bieber is on the brink of collapse just months after raising $150m in fresh funding.Sky News has learnt that Pollen, which has been scrambling to find a rescue deal for weeks, could crash into administration as soon as Wednesday. City sources …
Business
Business Live
Hinkley Point C places 5,000-tonne structure on Bristol Channel seabed
A 5,000-tonne structure has been placed on the seabed of the Bristol Channel as part of work being carried out by Hinkley Point C nuclear plant in Somerset. French energy giant EDF, which is behind the Bridgwater-based power station, said it was Hinkley’s “biggest-ever lift at sea”. New footage released by the plant shows the …
Business
Business Live
Next planning strategic stake in struggling Joules
Country casual brand Joules has been given a lifeline by Next with the offer of a £15m investment in the business and use of its online and distribution service Total Platform. Joules has had a tough year, with “significant” pressure on gross margins and plans to drop its EU and US wholesale operation, cut the …
Business
Business Live
Warning as energy prices forecast to rise past £4,200 in January
Energy prices are expected to rise to the equivalent of £4,266 for a typical household in January 2023, according to a consultancy. Cornwall Insight is predicting a rise of £650 for households in England, Scotland and Wales compared with an estimate it released last week. The firm cited regulator Ofgem’s decision to change the price …
Business
Sky News
Energy bills expected to hit £4,200 in January, according to dire new forecast
Energy bills are expected to rise even further this winter than previously forecast, according to the latest from energy consultancy Cornwall Insight.Bills are now expected to reach approximately £3,582 a year for the average household from October – up from the £3,359 predicted earlier this month. That compares to the price cap last October of …
Business
Evening Standard
Housebuilding boom continues as Bellway reports revenue leap
The boom in house building based on rampant homeowner demand shows no signs of abating as one of its largest players Bellway reported a 13% rise in revenues for the year to the end of July. Revenue increased to more than £3.5 billion jumping more than £1 billion since 2020, £400 million since last year.However, the company …
Business
Sky News
Holiday Inn owner IHG announces share buyback after travel rebound
InterContinental Hotels Group has announced a share buyback programme of $500m (£414m) and resumed its interim dividend after reporting healthy profits.The Holiday Inn and Crowne Plaza owner said that its second-quarter revenue per available room for the Americas – its largest segment – was 3.5% above pre-pandemic levels. Operating profit for the six months ending …

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