BUSINESS LIVE: Revolution rejects nightcap offer; Bunzl buys Nisbets; Victorian plumbing revenues are falling
By This is money
Updated:
Companies with reports and trading updates today include Revolution Bars Group, Victorian Plumbing, Bunzl, AstraZeneca, Intermediate Capital and Edinburgh Investment Trust.
Regulator plans to ‘reject’ requests from most water companies to increase bills
Requests from most water companies to increase consumer bills in England and Wales by up to £900 a year by 2030 are expected to be rejected by the regulator Ofwat.
Suppliers want to charge customers up to 91 percent more over the next five years, but some companies are getting only half of the requested increases, reports say The guard.
What is the AOW triple lock plus scheme?
The Conservatives have promised that the state pension will never be taxed under plans it calls ‘triple lock plus’.
The personal allowance, the amount you can earn without paying income tax, is increased at a special higher rate for pensioners.
Revolution Bars rejects takeover deal with Nightcap
Revolution Bars has rejected a proposed takeover by fellow hospitality chain Nightcap, claiming it ‘cannot be delivered’.
The London-listed company confirmed earlier this month that it had discussed a potential takeover deal with Nightcap, whose founder is former Dragons Den star Sarah Willingham.
Great Portland Estates shares the biggest decliners in the FTSE 350
Ocado Group shares the top FTSE 350 gainers
Is 50-30-20 budgeting a good idea? I want to save and manage my money
As a financial coach, I am often asked the question: “How much should I save?” This is a question that requires further research to provide a tailored answer, as there is no one-size-fits-all approach to personal finance.
However, there are some general budgeting tips that can help individuals create good savings habits, live debt-free, and enjoy their best, affordable lifestyle.
The ECB’s interest rate cuts are putting extra pressure on the Bank of England
Interest rates in Europe are set to be cut next week, increasing pressure on the Bank of England to follow suit.
Policymakers at the European Central Bank (ECB) are preparing to cut borrowing costs from an all-time high during their meeting on Thursday.
The most important factors when buying an EV are revealed
The key factors drivers consider when choosing a new electric vehicle (EV) have been revealed in a new study.
Price and range are the two purchasing factors that new EV buyers prioritize most, at 52 percent and 45 percent respectively in the Direct Line EV Insurance poll.
Rachel Reeves promises to lead the ‘most pro-growth Treasury’ in history
Shadow Chancellor Rachel Reeves will tomorrow promise to lead the ‘most pro-growth ministry’ in history in a bid to lure businesses back to Britain.
In a speech to business leaders, she will promise that a Labor government will give businesses a ‘foundation of stability’ in which to operate.
Will Labor reintroduce the lifetime allowance?
High pension savers are keen to know whether Labor plans to limit how much you can save for your pension without incurring a tax penalty.
The Tory government abolished the old £1.073 million lifetime allowance last year, but Labor said at the time the party would bring it back if elected.
ALEX BRUMMER: Copper displaces diamonds at Anglo American
Diamonds have been at the heart of Anglo American since the modern company was founded by Ernest Oppenheimer nearly a century ago.
In an industry where brands stand for little, De Beers is the big exception.
Flora and Branston maker Princes Group sold to Italians in £700 million deal
The British maker of Flora and Branston has been bought by an Italian food giant for £700 million.
Liverpool-based Princes Group has been sold by Mitsubishi Corporation to Newlat Food.
Czech Sphinx will cut up to 1,000 jobs at Royal Mail, union bosses have warned
Union bosses have warned that the ‘Czech Sphinx’ could push ahead with plans to cut up to 1,000 posts if he succeeds in his bid to buy Royal Mail.
The Communication Workers Union (CWU) will hold talks with billionaire businessman Daniel Kretinsky in early June if a deal is struck.
The FTSE 100 index opened at 8317.59
The pound at 8am was $1.2772, up from $1.2771 at the previous close.
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