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UK car industry to get GBP75m in government funding to design energy efficient cars of the future

A GBP75m fund has been launched by the UK government that will enable automotive businesses to create new low carbon technologies in order to make cars more energy efficient and also help safeguard … Continue reading “UK car industry to get GBP75m in government funding to design energy efficient cars of the future”


Budget retailer Primark achieves 22% growth in sales in 2013

A rise in sales for budget clothing retailer Primark has boosted the profits of its owner Associated British Foods, the BBC reported today. Primark’s revenue increased by 22%, to GBP4.27bn, for the year … Continue reading “Budget retailer Primark achieves 22% growth in sales in 2013”


HM Treasury announces publication of RBS Bad Bank Review

Banking and financial services company RBS Group is determined to become an asset, rather than a burden, to the UK economy, according to a statement released from HM Treasury, in which it announced … Continue reading “HM Treasury announces publication of RBS Bad Bank Review”


UK Government to reform pension charges

┬áRadical reforms to pension charges are to be brought forward by the UK Government, which will reduce the charges on pension schemes used for auto-enrollment, HM Treasury and Department for Work & Pensions … Continue reading “UK Government to reform pension charges”


HMRC introduces new regulations to curb tax avoidance on high value residential properties

HM Revenue and Customs (HMRC) announced today that new regulations have been established to ensure the disclosure of schemes designed and marketed to avoid paying the Annual Tax on Enveloped Dwellings, which was … Continue reading “HMRC introduces new regulations to curb tax avoidance on high value residential properties”


SSE blames rise in wholesale gas prices and low energy consumption for expected loss in first half of 2013

Perth-based electricity and gas company SSE, which operates mainly in the UK and Ireland, stated today that its retail arm is expected to report a loss on its adjusted profit before tax in … Continue reading “SSE blames rise in wholesale gas prices and low energy consumption for expected loss in first half of 2013”


Board of UK motor dealer HR Owen recommends offer from BPI to shareholders

UK franchised motor dealer HR Owen Plc (LON:HRO) said today that its board had recommended that shareholders should tender their shares in the increased GBP1.70 (USD2.69/EUR2.02) per share offer from investment holding company … Continue reading “Board of UK motor dealer HR Owen recommends offer from BPI to shareholders”


The London Taxi Company resumes construction of the traditional black cab

The London Taxi Company has restarted production of the TX4 black cab at its manufacturing facilities in Coventry, the Society of Motor Manufacturers and Traders (SMMT) announced today. LTC was rescued from the … Continue reading “The London Taxi Company resumes construction of the traditional black cab”


Tesco agrees to sell US arm to investment group Yucaipa

UK retailer Tesco Plc (LON:TSCO) said it had agreed to sell US grocery arm Fresh & Easy Neighborhood Market Inc to YFE Holdings Inc, part of investment firm Yucaipa Companies LLC, in a … Continue reading “Tesco agrees to sell US arm to investment group Yucaipa”


GlaxoSmithKline to sell iconic UK brands Lucozade and Ribena

UK based GlaxoSmithKline plc (GSK), a research-based pharmaceutical and healthcare company, announced today that Suntory Beverage & Food Ltd (SBF), a Japanese consumer goods company has agreed to acquire Lucozade and Ribena, as … Continue reading “GlaxoSmithKline to sell iconic UK brands Lucozade and Ribena”


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