PensionBee losses soar amid booming customer numbers and assets

PensionBee losses widen in debut stock market year but boss hails booming customer numbers as assets reach £2bn PensionBee pre-tax losses grow by 145% on the same time last year to £12.8m The firm did see revenues, customer numbers and assets grow significantly Boss Romi Savova expects PensionBee to reach breakeven by  the end of … Read more

Next to return £29m in business rates relief as sales soar

Next to return £29m in business rates relief as sales soar after lockdown beyond pre-pandemic levels By Matt Oliver For The Daily Mail Published: 17:01 EDT, 21 July 2021 | Updated: 17:01 EDT, 21 July 2021 Next is handing back £29million in business rates relief after the easing of lockdown restrictions led to blowout sales. … Read more

Energy bills would have to soar by £56 a month before households would make their home greener

Energy bills would have to soar by £56 a month before households would invest in making their home greener to tackle them Many British households admit being confused about making homes greener  They say their energy bills would have to rise by £56 before investing in it  This is despite the Government pushing for more … Read more

House prices soar 10%, says ONS, but agents tip they may ‘plateau’  

House prices soared 10 per cent annually in May as buyers raced to take advantage of the stamp duty holiday – but experts warn they could now plateau. According to official figures from the ONS / Land Registry, the typical British home was worth £254,624 in May – an increase of £23,000 in just one … Read more

Sainsbury’s prepares to repel private equity raiders as profits soar

Sainsbury’s prepares to repel private equity raiders after predicting bumper profits of £660m By City & Finance Reporter for the Daily Mail Published: 22:24 BST, 6 July 2021 | Updated: 22:24 BST, 6 July 2021 Sainsbury’s bolstered its defences against potential takeover bids as the supermarket giant predicted bumper annual profits of £660million. The figure … Read more

Catalytic converter thefts soar due to rocketing value of precious metals they contain 

Catalytic converter thefts soar due to rocketing value of precious metals they contain Some police forces saw thefts rise by more than 400 per cent due to gangs  Thefts across England, Wales and Northern Ireland risen by 104 per cent  Rare metals that are found in catalytic converters are more valuable than gold   By Rebecca … Read more

West End landlord Shaftesbury sees losses soar

West End landlord Shaftesbury sees losses soar after hospitality and retail closures during lockdown hammered its rental income The company recorded a £338.6m loss in the six months to the end of March  Lower rent collections, high vacancies and rent waivers hurt property income  Shaftesbury’s confidence has grown since hospitality and retail sites reopened  By … Read more

Co-op pays bonuses after profits soar but keeps £66m of Covid cash  

Co-op pays bonuses to bosses after profits soar 500% but keeps £66m of taxpayer’s Covid-relief cash By Tom Witherow For The Daily Mail Published: 22:00 BST, 8 April 2021 | Updated: 22:58 BST, 8 April 2021 Co-op chief exec Steve Murrells and other company bosses will enjoy bonuses this year  The Co-op will pay bonuses … Read more