FirstGroup to Re-enter London Bus Market with £90 Million Acquisition
FirstGroup will acquire RATP Dev Transit London for £90 million, gaining a 12% share of the London bus market with 1000 buses and 3700 employees, expanding its portfolio amidst UK rail nationalization plans and expected revenue growth to £350 million annually within five years.
FirstGroup to Re-enter London Bus Market with £90 Million Acquisition
FirstGroup will acquire RATP Dev Transit London for £90 million, gaining a 12% share of the London bus market with 1000 buses and 3700 employees, expanding its portfolio amidst UK rail nationalization plans and expected revenue growth to £350 million annually within five years.
Progress
8% Bias Score
UK Job Vacancies Plunge to Pandemic Lows Amidst Business Confidence Slump
UK job vacancies fell at the fastest rate since the start of the pandemic in November 2023, driven by decreased business confidence following the October budget's tax increases, signaling a potential economic contraction.
UK Job Vacancies Plunge to Pandemic Lows Amidst Business Confidence Slump
UK job vacancies fell at the fastest rate since the start of the pandemic in November 2023, driven by decreased business confidence following the October budget's tax increases, signaling a potential economic contraction.
Progress
48% Bias Score
U.K. Job Vacancies Plummet Amidst Tax Hikes and Reduced Business Confidence
U.K. job vacancies fell at their fastest pace in over four years in November, driven by increased employer costs from recent tax hikes and reduced consumer demand, leading to decreased business confidence and a contraction in economic output.
U.K. Job Vacancies Plummet Amidst Tax Hikes and Reduced Business Confidence
U.K. job vacancies fell at their fastest pace in over four years in November, driven by increased employer costs from recent tax hikes and reduced consumer demand, leading to decreased business confidence and a contraction in economic output.
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52% Bias Score
ISS Rejects Mike Ashley's Boohoo Board Bid
Institutional Shareholder Services (ISS) recommended against Mike Ashley joining Boohoo's board, rejecting his bid to control the struggling retailer despite his 28% stake and accusations of mismanagement. This follows Boohoo's recent CEO replacement and Ashley's own company, Frasers Group, issuing ...
ISS Rejects Mike Ashley's Boohoo Board Bid
Institutional Shareholder Services (ISS) recommended against Mike Ashley joining Boohoo's board, rejecting his bid to control the struggling retailer despite his 28% stake and accusations of mismanagement. This follows Boohoo's recent CEO replacement and Ashley's own company, Frasers Group, issuing ...
Progress
36% Bias Score
Facebook UK Cuts 700 Jobs, Reduces Tax Bill Amidst Global Restructuring
Facebook's UK branch cut 700 jobs in 2023, costing £79m, reducing its tax bill to 12% of pre-tax profits, after a global revenue decline forced cost-cutting measures by parent company Meta.
Facebook UK Cuts 700 Jobs, Reduces Tax Bill Amidst Global Restructuring
Facebook's UK branch cut 700 jobs in 2023, costing £79m, reducing its tax bill to 12% of pre-tax profits, after a global revenue decline forced cost-cutting measures by parent company Meta.
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52% Bias Score
Navantia to Acquire Harland & Wolff Shipyards, Saving 1,000+ Jobs
Navantia, a Spanish shipbuilding company, is on the verge of acquiring Harland & Wolff's four UK shipyards, saving more than 1,000 jobs and securing a renegotiated contract for building Royal Navy ships, with the deal expected to be finalized next week.
Navantia to Acquire Harland & Wolff Shipyards, Saving 1,000+ Jobs
Navantia, a Spanish shipbuilding company, is on the verge of acquiring Harland & Wolff's four UK shipyards, saving more than 1,000 jobs and securing a renegotiated contract for building Royal Navy ships, with the deal expected to be finalized next week.
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40% Bias Score
UK Business Confidence Collapses After Reeves' Tax Hikes
Rachel Reeves' October Budget tax increases caused UK business optimism to plummet to a two-year low in November, triggering decreased hiring and economic output shrinkage, as reported by BDO and the REC.
UK Business Confidence Collapses After Reeves' Tax Hikes
Rachel Reeves' October Budget tax increases caused UK business optimism to plummet to a two-year low in November, triggering decreased hiring and economic output shrinkage, as reported by BDO and the REC.
Progress
72% Bias Score
UK Housing Crisis: Only Richest 10% Can Afford Average English Home
Official figures reveal that in England, only the wealthiest 10% of households can afford the average house price of £298,000, requiring 8.6 years of average income, compared to a ratio almost half that size in 1999, exposing a severe housing affordability crisis across the UK.
UK Housing Crisis: Only Richest 10% Can Afford Average English Home
Official figures reveal that in England, only the wealthiest 10% of households can afford the average house price of £298,000, requiring 8.6 years of average income, compared to a ratio almost half that size in 1999, exposing a severe housing affordability crisis across the UK.
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56% Bias Score
Used EVs Outsell Petrol and Diesel Cars Amidst Price Drop
Used electric vehicles (EVs) sold in an average of 33 days in November, significantly faster than other fuel types due to lower prices under £18,000, offering exceptional value; this contrasts with the new EV market's relatively low demand.
Used EVs Outsell Petrol and Diesel Cars Amidst Price Drop
Used electric vehicles (EVs) sold in an average of 33 days in November, significantly faster than other fuel types due to lower prices under £18,000, offering exceptional value; this contrasts with the new EV market's relatively low demand.
Progress
52% Bias Score
UK Job Vacancies Plunge Amidst Autumn Budget Fallout
UK job vacancies plummeted in November 2023, falling to a 43.9 index reading (below 50 signals contraction) due to the Autumn Budget's increase in the National Minimum Wage and employer National Insurance contributions, impacting hiring decisions across various sectors.
UK Job Vacancies Plunge Amidst Autumn Budget Fallout
UK job vacancies plummeted in November 2023, falling to a 43.9 index reading (below 50 signals contraction) due to the Autumn Budget's increase in the National Minimum Wage and employer National Insurance contributions, impacting hiring decisions across various sectors.
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56% Bias Score
UK Wealth Doubled Since 1980, But Inequality Remained Stable, Unlike the US
A Resolution Foundation report reveals that while UK household wealth doubled since 1980, wealth inequality remained relatively stable, unlike the US; however, rising wealth inequality between age groups is a concern, particularly concerning homeownership and inheritance.
UK Wealth Doubled Since 1980, But Inequality Remained Stable, Unlike the US
A Resolution Foundation report reveals that while UK household wealth doubled since 1980, wealth inequality remained relatively stable, unlike the US; however, rising wealth inequality between age groups is a concern, particularly concerning homeownership and inheritance.
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36% Bias Score
HMRC Weighs Opposing Liberty Steel Restructuring
Britain's tax authority, HMRC, is considering opposing a court-led restructuring plan for Sanjeev Gupta's Liberty Steel, potentially resulting in significant tax losses and impacting the company's future. Negotiations are ongoing, with a creditor vote scheduled for next year.
HMRC Weighs Opposing Liberty Steel Restructuring
Britain's tax authority, HMRC, is considering opposing a court-led restructuring plan for Sanjeev Gupta's Liberty Steel, potentially resulting in significant tax losses and impacting the company's future. Negotiations are ongoing, with a creditor vote scheduled for next year.
Progress
44% Bias Score