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Rolls-Royce signs £9bn submarines deal to create 1,000 jobs

  • January 23, 2025
Rolls-Royce has signed a £9bn submarines deal which will create 1,000 jobs and is the biggest UK Ministry of Defence (MoD) contract in its history. The eight-year Unity contract covers research and technology, design, manufacture and in-service support of the nuclear reactors that power the Royal Navy’s fleet of submarines. The Derby-headquartered FTSE 100 giant [...]
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The Works: Arts and crafts retailer slashes losses as new strategy unveiled

  • January 23, 2025
High street arts and crafts retailer The Works reported a significant improvement in profitability for the first half of its financial year, as it unveiled a new strategy. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) showed a market improvement, with losses narrowing from £8.5m to £2.8m since the same period last year. Adjusted [...]
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Severn Trent hikes dividend despite balance sheet concerns

  • January 23, 2025
Severn Trent, one of the UK’s biggest water companies, has announced plans to hike its full-year dividend despite coming under fire for artificially inflating its balance sheet using an accounting trick. The utility was accused by BBC Panorama last month of claiming a £1.68bn investment in its accounts which in reality had no value to [...]
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The UK’s housing crisis is creating a generation of broke retirees

  • January 23, 2025
The affordability crisis in the UK housing market is creating a generation who will still face monthly mortgage or rent payments well into retirement, according to a new study. With deposits increasingly hard to save up for and mortgages increasingly burdensome, few people will be free of housing costs by 2050, unless something changes. A [...]
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Revealed: Who paid the most tax in 2024?

  • January 23, 2025
One of the UK’s richest hedge fund managers paid the most tax in the UK this year, contributing over £339m in just 12 months, according to the Sunday Times Tax list. Sir Chris Hohn, who founded British hedge fund the Children’s Investment Fund Management in 2003, topped the list of Britain’s top taxpayers, trumping gambling [...]
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City broker slashes price target for Primark-owner Associated British Foods

  • January 23, 2025
Analysts at Panmure Liberum downgraded their rating for Primark-owner Associated British Foods from ‘Buy’ to ‘Hold’ after Primark underperformed over the festive quarter. Panmure downgraded its target price for ABF to 1900p from 2800p. Its share price currently sits at 1,892.50p after falling five per cent in the last five days. Associated British Foods reduced [...]
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Google cracks down on fake reviews with new CMA agreement

  • January 23, 2025
Google has agreed to take stronger actions against fake reviews in the UK, committing to improve fraudulent activity detection and sanction those involved in manipulating ratings. This comes after an investigation by the Competition and Markets Authority (CMA) raised concerns that Google wasn’t doing enough to tackle the issue. CMA’s chief executive Sarah Cardell said: [...]
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Morrisons joins Sainsbury’s and Asda in major job cuts after Budget

  • January 23, 2025
Morrisons has become the latest UK supermarket giant to announce a major round of job cuts in the wake of the government’s Budget in October. The Bradford-headquartered chain has confirmed plans to axe more than 200 roles from its retail people team. The move forms part of a wider drive to significantly cut costs and [...]
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The Top 5 Charities UK Employees want to Support

  • January 23, 2025
In 2025, employees want more than a paycheque – they want purpose. With effective social impact being top of mind this year, aligning your CSR programmes with employee values is critical to boosting engagement, satisfaction, and loyalty within your team. Yet, a recent NVCO study revealed that one of the biggest barriers to participation is [...]
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Green belt site near M25 to host Europe’s largest AI data centre

  • January 23, 2025
Plans for Europe’s largest cloud and artificial intelligence (AI) centre near the M25 in Hertfordshire have been approved, in wake of the UK launching its so-called ‘action plan’. The state of art facility will be built near the Elstree substation, 30 minutes from central London, and will span up to two million square feet, carrying [...]
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