Regulators have cleared Pennon’s £350 million buyout of Sutton and East Surrey (SES) Water, meaning water services for 845,000 customers will come under the FTSE 250 firm’s control. The Competition and Markets Authority (CMA) said in May that the deal could undermine Ofwat’s authority as water regulator by wiping SESContinue Reading
The boss of Tesco has said the supermarket firm is witnessing a “gentle improvement” in consumer sentiment amid easing food and drink inflation. It came as the retail giant said shoppers have bought larger volumes of groceries for the latest quarter due to the improving backdrop. Shares in the companyContinue Reading
Wells Fargo has recently terminated several employees following accusations that they used devices to fake keyboard activity, misleading the bank into believing they were working. The disclosure was made in broker filings with the Financial Industry Regulatory Authority (Finra). The bank, America’s third-largest, did not provide details on how theContinue Reading
Jaguar Land Rover (JLR) has announced a £1 million investment to assist UK police in combating vehicle theft. This funding will bolster police operations in theft hotspots and support intelligence gathering efforts. The initiative comes after JLR’s CEO, Adrian Mardell, firmly denied claims that Range Rovers are particularly vulnerable toContinue Reading
Supermarkets say they are ready for one of their busiest periods of the year as football fans stock the fridge to watch the Euros from home. Tesco said it expected to sell 33 million packs of beer and cider over the coming month but is also predicting it will sellContinue Reading
WorkL, the organisation behind the World’s Happiest Workplace List and The Sunday Times Best Places to Work, has successfully raised £2 million in a Series A funding round, in partnership with Calculus Capital. This funding aims to expedite WorkL’s international growth following five successful years of expansion. Founded by LordContinue Reading
UK house prices are anticipated to stagnate in 2024, according to a revised forecast from Capital Economics, which now projects a modest 0.5% rise, down from an earlier prediction of 2%. This adjustment follows the latest survey from the Royal Institution of Chartered Surveyors (RICS), revealing a decline in buyerContinue Reading
Hit TV romance series Bridgerton has boosted the UK economy by £275 million over the course of five years, Netflix has claimed. The streaming website says the Regency-style drama, which premiered the final half of its third series on Thursday and was produced by the company Shondaland, has supported 5,000Continue Reading
London’s main financial markets dropped further on Thursday amid weak trading for housebuilders and oil and gas firms. Housing developers were among the main fallers after sentiment in the sector was knocked by Crest Nicholson’s profit warning. Meanwhile, oil and gas firms with operations in the North Sea saw theirContinue Reading
Labour has put economic growth at the heart of its manifesto, but experts and small firms have raised fears over the absence of pledges on some key taxes. The manifesto confirmed Labour would cap corporation tax at 25% until the next parliament as it looks to cement its pro-business stance.Continue Reading
