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Evening Standard
Hiscox shares slide on half year profits dip as RSA back in black
Shares in insurer Hiscox dropped in early trading this morning after it posted a $107 million (£88 million) loss in pre-tax profit for the first half of the year.This was despite boss Aki Hussain stating he was “pleased” with the group’s performance .The shares dipped 8% on the revelation that profits had fallen from $133.4 million …
Business
Sky News
Hosepipe ban announced for South East Water customers in Kent and Sussex
South East Water has announced a ban on hosepipe and sprinkler use for its customers in Kent and Sussex.The ban will start on 12 August, with an end date that has yet to be decided. It comes just days after Southern Water announced the first hosepipe ban of the year for customers in Hampshire and …
Business
Sky News
‘Big four’ supermarkets failing to reduce petrol prices in line with falling wholesale costs, RAC warns
The “big four” supermarkets and several other retailers are failing to reduce petrol prices in line with falling wholesale costs, the RAC has warned.The roadside recovery firm said the wholesale cost of petrol has fallen by 20p since early June. However, UK retailers continued to increase their prices in June and only dropped their pump …
Business
Evening Standard
Marriott boss hails consumers’ love for travel as revenues surpass pre-pandemic levels
The boss of Marriott has hailed consumers’ love for travel after the company posted revenues which beat analyst earnings and surpassed pre-pandemic levels.The hotelier reported sales of $5.3 billion (£4.4 billion) in the second quarter of 2022, up 70% on the previous year and just ahead of 2019 levels, while pre-tax profits topped $870 million.Marriott …
Business
Sky News
How interest rate rise will impact your mortgage bill
The Bank of England has imposed the biggest interest rate hike since 1995 in a bid to tackle inflation, but is adding significant costs to borrowers in the process.Consumer finance experts told Sky News there were significant savings to be had by switching to a fixed rate mortgage deal and shopping around for higher savings …
Business
Sky News
How interest rate rise will impact your mortgage bill
The Bank of England has imposed the biggest interest rate hike since 1995 in a bid to tackle inflation, but is adding significant costs to borrowers in the process.Consumer finance experts told Sky News there were significant savings to be had by switching to a fixed rate mortgage deal and shopping around for higher savings …
Business
Sky News
How the Bank of England’s interest rate rise will impact your mortgage
The bank base rate has been raised again in a bid to tackle inflation, but it is adding significant costs to borrowers’ bills in the process. The Bank of England revealed a 0.75 percentage point hike to 3% for its core interest rate at midday as major central banks double down on the price pressures …
Business
Evening Standard
Corporate insolvencies hit highest level since 2009 amid mounting recession fears
The number of companies filing for insolvency in England and Wales has hit its highest level in over 12 years in the latest signal Britain could be headed towards a recession.Over five thousand companies filed for insolvency between April and June 2022, figures from The Insolvency Service show, an increase of over 80% on the …
Business
Evening Standard
Ferrari drives record revenue and profits as wealthy take to road
Luxury car maker Ferrari has driven record sales and profits for the second quarter of the year as the rich look for ways to parade their wealth.The car marque is just the latest premium supercar manufacturers to post record profits after Bentley and Lamborghini and has raised its full year forecast for the year on …
Business
Evening Standard
London restaurant recovery lagging behind other major cities says D&D
Central London restaurants are recovering from the pandemic downturn far more slowy than those based in major provincial cities, a leading dining group said today.D&D London, which owns a string of landmark venues in the capital such as Quaglino’s and Le Pont de la Tour, said its restaurants in Manchester and Leeds were trading well …
Business
Sky News
Energy price cap to remain above £3,500 through most of 2023, report warns
The energy price cap will remain above £3,500 a year throughout most of 2023, according to the latest dire forecast for household bills.The prediction, from energy consultancy Cornwall Insight, comes as families gear up for what is set to be the toughest winter for decades amid mounting costs on almost every front as inflation hits …
Business
Evening Standard
BP reports almost £7bn profit as energy prices soar
BP faced a backlash on Tuessday after the oil and gas giant reported near-£7 billion profits between April and June as it cashed in on soaring energy costs. During a year when consumer fuel prices reached record highs and households face “devastating” energy bill rises this winter, BP tripled its profits compared to 2021 — taking …

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