A commuter train firm has announced a massive increase in revenue from penalty fines handed to fare dodgers after targeting persistent offenders.c2c, which operates between Fenchurch Street station in London and Grays, Southend Central and Shoeburyness in Essex, has issued more than 8,000 fines – each with a face value of £100 - and recovered more than £470,000 this year.
A Waitrose spokesman said: “We apologise that it has been necessary to recall this product and for the inconvenience caused.”
More than half of British businesses expect to put up prices and cut jobs to cope with the costs of Rachel Reeves’s National Insurance raid.
Petrol car sales in Britain have plunged to an all-time low as manufacturers ration supplies to hit tough electric vehicle (EV) targets.
Car makers are discounting electric vehicle (EV) prices by an average of £11,000 per car to boost sales, amid warnings that demand from private buyers remains weaker than expected.
Legal & General shares rose 4% on Wednesday after the British life insurer said it was planning to return capital to shareholders and was on track to meet its financial targets. Legal & General anticipates returning a proportion of capital from its institutional retirement business to shareholders, it said in a trading statement ahead of an investor presentation for the unit. This capital return would form part of the board's wider consideration of its capacity for buybacks, which would be set out at its full-year results in March 2025, the insurer said.
Tesco is recalling one of its chicken products due to a “risk to health”, offering customers a full refund
However the company, which has agreed to a $7.20 billion all-share takeover by U.S. rival International Paper, forecast continued modest growth in packaging volumes and said it would raise prices to offset higher input costs. Paper and packaging firms are consolidating as the sector slowly recovers from a drop in demand as customers reduced stocks following a boom in packaging sales during the pandemic. London-listed DS Smith, which provides packaging, paper and recycling services to companies including Amazon and Unilever, noted weak packaging prices and higher input costs, notably for fibre and paper, during the first half of its financial year to the end of October.
The fee would have been 17 times the size of the largest fee in Delaware history.
More than 1,500 warehouse staff have walked off the job seeking better pay and conditions, including at least $38 an hour
Three trading houses have become dominant sellers of Russian oil to India as many smaller players dropped out of the business due to high funding costs in Russia and lack of access to Western funds, according to data and six trading sources. The change reverses a trend of dozens of little-known trading firms flooding the market for oil trade between Russia and key buyers China, India and Turkey, lured by prospects of higher fees to help Russian producers skirt Western sanctions. India has become the biggest buyer of Russia's seaborne crude after Moscow's invasion of Ukraine in 2022, with purchases near record highs at 1.8 million to 2.0 million barrels per day, or more than a third of its crude imports.
Shell said no jobs will be lost but that the deal was in recognition that the North Sea is ‘no longer the prolific basin that it once was’.
WELLINGTON Rugby Club seek approval to build a new renewable Battery Box in the car park of their Rugby Club. Planning application 43/24/0114 seeks the approval to build and operate a micro-energy storage facility at Wellington RFC, Corams Lane, Wellington.
Hong Kong must grow and nurture its pool of talent in the insurance industry to compete with other financial centres like Singapore and Dubai as businesses become increasingly digitalised, executives said. Edward Moncreiffe, the CEO of global insurance at HSBC, said the city should focus on improving its physical and digital infrastructure, regulation and language skills if it wants to remain a global financial centre. This will ensure people with good services can come in and do business in Hon
The German government approved on Wednesday a defence industry strategy that aims to make it easier for companies to ramp up capacity and to accelerate weapons production, with an eye to the current security situation and the war raging in Ukraine. "The current threat situation requires that we promote key technologies in Germany," said German Defence Minister Boris Pistorius in a joint statement with Economy Minister Robert Habeck. Both ministers are set to meet with top representatives from the German defence industry on Thursday in Berlin to discuss the strategy, though no decisions are expected from those talks, according to several sources familiar with the plans.
Despite the fluctuating oil price and BP's volatile shares, City analysts predict strong ongoing annual dividend payments ahead. The post Is BP’s 6.7% dividend yield good value after the recent share price fall? appeared first on The Motley Fool UK.
To listen to UK car manufacturers in recent weeks has been to hear a counsel of despair over the electric vehicle market. Struggling to hit targets imposed amid mixed messages from the last government, they have lobbied the new one to relax the rules. With the target rising to 28% next year, and fines of £15,000 for every vehicle by which they fall short, they say consumers need help, in the form of grants or tax breaks, to swallow their reservations about plugging in.
Record-breaking North Sea crude trades spark speculation about Brent Crude price movements, but OPEC+ production cuts and global economic factors remain key determinants.
(Bloomberg) -- Banks are gearing up for US oil prices to fall below $60 a barrel by the middle of President-elect Donald Trump’s new term in office, according to a survey from law firm Haynes Boone LLP.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsWest Texas Intermediate, the US benchmark, is expected to drop to $58.62 a barrel by 2027, the mean estimate of 26 banks participating in the survey t
(Bloomberg) -- Vodafone Group Plc won approval for a deal to create the UK’s biggest mobile phone company in a major milestone for European telecommunications operators, opening the door for a potential wave of consolidation that would allow the industry to rebuild.Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitAs Wars Rage, Cities Face a Dark New Era of Urban DestructionNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampRiyadh Metro Partial
Northvolt has held talks with a big industrial company on selling the business that makes electric battery packs for heavy industry, as a lack of funds forces it to try to divest one of its few profitable operations by the year-end, an internal memo shows. The rush to sell is the Swedish company's latest effort to strengthen its finances and shrink the business to focus on battery cell production, rather than being an all-in-one-shop for making and recycling electric vehicle (EV) batteries. Last month, Europe's biggest hope for an EV battery champion filed for U.S. Chapter 11 protection after talks to raise additional cash from stakeholders failed.
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