PETALING JAYA: The prospects of YTL Power Intelligence Bhd’s UK unit, Wessex Water Services Ltd, remain positive, contributing to the earnings growth of the Malaysian conglomerate. This projection is underpinned by the excellent operational performance of the water supply and sewerage utility company, as well as the higher legal and regulatory capital expenditure (capex) requirements...
Category: Bussiness
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New British government inherits worst economic plight since World War II
Britain’s new Labour Party government is betting that an economic plan modeled on “Bidenomics” will reverse more than a decade of economic drift and boost stagnant living standards without requiring budget-busting spending. Like President Biden, Prime Minister Keir Starmer promises a more active government than his Conservative Party predecessor, as well as investments in green...
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Universal Music UK to Merge Island and EMI Labels in Next Stage of Restructuring
LONDON — Universal Music Group is to merge its historic Island and EMI label divisions as part of a widespread restructuring of the company’s U.K. business that will also see the launch of new Audience and Media Division to support artists and labels. The announcement was made on Tuesday (July 9) by David Joseph, chairman...
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Global Recognition Awards Names UK’s Most Influential Business Leaders of the Year
By Rebecca Lawrence For Mailonline Published: 07:49 BST, 8 July 2024 | Updated: 07:49 BST, 8 July 2024 The Global Recognition Awards has announced the United Kingdom’s Most Influential Business Leaders of the Year, sparking interest across the business community. Despite being a newcomer to the £100 million UK business awards industry, the Global Recognition Awards...
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Business summary for Spain and the United Kingdom «Euro Weekly News» – El Decano de Guadalajara
“ Dividend potential IAG could reinstate a dividend as early as this year, although no details will be provided at its annual shareholder meeting in Madrid on June 26. The airline owns British Airways, Iberia, Aer Lingus and Vueling, and is currently hoping to persuade Brussels to approve its purchase of Air Europa. IAG paid...
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Shein London stock market float would trigger talks on tax, Reynolds suggests
Fast fashion retailer Shein would be expected to meet “ethical and moral targets” on “all aspects of business” if it lists on the London Stock Exchange, according to the Business Secretary. Jonathan Reynolds said he is “concerned” about a “loophole” which allows firms to avoid import duties by shipping small packages directly to customers. He...
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UK immigration: Will Starmer make it more difficult for you to move to Britain?
The United Kingdom has a new Prime Minister, and Labour Party‘s Keir Starmer may tighten immigration policies, putting more border checks and raising eligibilty for foreigners looking to move into the country. In a recent TV debate, Starmer vowed to maintain the United Kingdom’s membership in the European Convention on Human Rights, calling Sunak “the...
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United Kingdom Stocks, ETFs To Watch After Keir Starmer, Labour Party Win
Labour Party member Keir Starmer is set to become the new prime minister of the United Kingdom with a win over the Rishi Sunak-led Conservative Party. The win marks an end to 14 years of Conservative Party control in the United Kingdom. The Labour Party will also have one of the largest majority government leads...
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Labour Party’s electoral victory renews hope for India-UK trade deal
British Prime Minister Keir Starmer and his wife, Victoria Starmer, outside Downing Street 10, following the results of the election, in London on Friday (Photo: X/@Keir_Starmer) 4 min read Last Updated : Jul 05 2024 | 11:23 PM IST India is optimistic that its delayed trade deal with the United Kingdom (UK) could gain...
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The growth agenda for the United Kingdom
CAMBRIDGE, England — As in many other developed countries lately, the two major political parties in the United Kingdom have embraced economic growth as their top policy priority. Following the volatile 49-day experience of Liz Truss’ government and its “dash for growth” in 2022, however, both parties emphasize that there are no financial shortcuts. The...
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Mortgage News: Lending Rates Fall As Market Takes Stock Of Labour Election Triumph
Find out what’s happening with mortgage rates today and calculate monthly repayments across a range of different rates and deals. 5 July: More Cuts Expected Ahead of Bank Rate Decision HSBC has unveiled its new residential fixed rate mortgage deals, including market-leading deals for homebuyers, and lower rates across its range for first-time buyers and...
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Eurasia Group’s Ian Bremmer says Labour’s election win will boost U.K. business
As a little kid in Scotland, I remember my dad told me the ruling Labour Party was bad for business. Barely 30, he was an entrepreneur trying to support three kids in a land of strikes, power cuts, inflation and high taxes. We moved to Canada before the Conservative Margaret Thatcher became Britain’s prime minister in...