Category: <span>Investment</span>

Cut of £40m in help for tenants will ‘drive up homelessness’
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Cut of £40m in help for tenants will ‘drive up homelessness’

The government is cutting the funding it gives to councils in England and Wales to help struggling tenants by more than a fifth, with critics warning the move will drive up homelessness following the recent end of the Covid evictions ban and the end of the furlough scheme in September. Discretionary housing payments (DHPs) provide...

‘Time to buy’ bitcoin adverts banned in UK for being irresponsible
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‘Time to buy’ bitcoin adverts banned in UK for being irresponsible

An ad campaign telling the public that “it’s time to buy” bitcoin has been banned after the advertising watchdog ruled that it was irresponsible and misleading. The high-profile campaign, which has featured heavily across the London underground and the capital’s bus network since December, ran with the strapline “If you’re seeing bitcoin on the underground,...

Great British Railways plan aims to simplify privatised system
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Great British Railways plan aims to simplify privatised system

The rail industry will be simplified but still substantially privatised as a rebranded Great British Railways, the government has pledged after publishing its long-awaited overhaul on Thursday. A white paper places control of rail infrastructure and services under the new arm’s-length public body, with franchises replaced by contracts that will incentivise private firms on punctuality and efficiency...

HSBC has stakes in firms that plan more than 70 new coal plants
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HSBC has stakes in firms that plan more than 70 new coal plants

A loophole in HSBC’s pledge to phase out financing for coal by 2040 will allow the bank to support companies with plans to build more than 70 new coal plants, which could cause an estimated 18,700 deaths from air pollution a year, according to a report. The bank’s asset management arm, which is not included...

Boohoo profits soar as Covid turns customer focus to loungewear
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Boohoo profits soar as Covid turns customer focus to loungewear

Sales and profits soared at the online fashion retailer Boohoo during the coronavirus pandemic as it benefited from the boom in online shopping and being able to trade throughout successive lockdowns, unlike its high street rivals. Demand from younger consumers for its inexpensive activewear, loungewear and tops while working from home helped Boohoo’s sales climb by 41%...

Housebuilder Persimmon reports 23% sales rise
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Housebuilder Persimmon reports 23% sales rise

Pent-up demand, the government’s measures to support the housing market and a “chronic undersupply” of homes have driven a 23% leap in sales for the UK housebuilder Persimmon this year. The country’s second biggest builder said it had completed £3bn worth of sales since the start of the year, almost a quarter ahead of the same period...

Covid to cost airlines £7bn more than predicted
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Covid to cost airlines £7bn more than predicted

A slower than anticipated global vaccine rollout and wider failure to get Covid under control will cost airlines $10bn (£7.2bn) more than previously predicted, according to the organisation that represents global airlines. The warning from the International Air Transport Association came as Ryanair chief executive Michael O’Leary warned on Wednesday there would be “seismic” cut in capacity...

Gambling firms donating ‘insulting’ amounts to addiction charity
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Gambling firms donating ‘insulting’ amounts to addiction charity

Gambling firms behind more than £30m in football shirt sponsorship deals have been accused of making “insulting” contributions to the industry-funded addiction charity, with one giving just £250. An annual list of donors to GambleAware, which is funded by online casinos and bookmakers, details how much individual firms have given. The data reveals an increase in contributions...

TalkTalk customers hit out at ‘outrageous’ broadband price rise
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TalkTalk customers hit out at ‘outrageous’ broadband price rise

TalkTalk has been accused of taking its customers for April fools after it said it would be raising bills for those who signed up to a fixed-price broadband contract. Customers are furious at what they say is the company’s “unscrupulous” behaviour after it quietly ripped up its price promise and announced a £24-a-year increase. For its...