EU leaders agree Croatia will become 20th country to start using Euro in January New member European Union leaders have agreed that Croatia will join the group of countries using the euro in January, bringing the number of nations sharing the currency to 20. “The euro is the monetary expression of our shared destiny and has been part of our European dream,” said EU Council President Charles Michel, who chaired a [...]
Put it on expenses: Bite-size pub lunch and training will help City workers take proper screen break liquid lunch Leading pub chain Greene King is offering city workers a pub lunch and a pint along with ‘bite-size’ training sessions. In wake of the pandemic’s shake-up of the working week, the ‘Expensable Lunch’ will be launching at the start of next month, to improve people’s personal and professional development – while giving them a much-needed [...]
Exclusive Q&A: Germany should not boost coal to fend off supply shortages argues Wärtsilä EXCLUSIVE A Finnish power giant has called for Germany to ramp-up LNG supplies to avoid increasing its dependence on coal supplies.
Energy giant Centrica turns to hundreds of former soldiers in push to greener energy June 24, 2022 Centrica is planning to hire about 500 former soldiers, sailors, and air force personnel by the end of next year as it looks to transition to Net Zero. The energy giant will recruit them into engineering roles across British Gas and the wider group as the company aims to reach Net Zero by 2045. Greg [...]
Flying high: 10,000 UK jobs supported as BAE Systems cashes in with £500m order for Spanish fighter jets June 24, 2022 Thousands of UK jobs will be supported thanks a mammoth order from Spain for a new fleet of 20 fighter jets, with BAE Systems cashing in £500m of a £1.5bn contract. The major purchase to expand Spain’s armed forces was announced in Berlin this week, and will increase the number of Typhoons in Europe to [...]
World’s biggest hedge fund bets £8.6bn against European stock market will keep falling June 24, 2022 Bridgewater Associates, the world’s biggest hedge fund, has bet £$8.56bn ($10.5bn) that Europe’s stock market will continue to decline. The US investment management firm shorted shares of 28 European companies, including bets of more than £407m ($500m) against 28 firms. The Bloomberg data, reported by the Times, says among the European firms shorted are France’s [...]
Barclays makes major lending push with £2.3bn deal for Kensington Mortgage Company June 24, 2022 In a major push to broaden its lending offering, banking giant Barclays said this morning it has agreed a deal worth around £2.3bn to buy specialist lender Kensington Mortgage Company. Barclays said the acquisition will allow it to offer more mortgage options to the self-employed and people who have multiple or variable incomes. The bank [...]
Construction giants colluded to rig £150m of contracts including Selfridges and Oxford University, CMA rules June 24, 2022 A consortium of about 10 construction firms illegally colluded to rig bids for £150m of major contracts, according to provisional findings by the UK competition watchdog. The Competition and Markets Authority (CMA) said eight of the firms involved in the cartels have admitted to taking part. The rigged contracts for demolition services included work for [...]
Retail sales volumes fell last month as the cost of living crunch eats into April’s gains June 24, 2022 Retail sales volumes fell by 0.5 per cent last month, according to the latest figures, as the cost of living crisis eats away at gains made in April. While the figures suggest current inflation levels and concerns over a recession have Brits’ pinching their purse strings, sales volumes were 2.6 per cent above pre-pandemic levels, [...]
Editorial: Is anybody willing to take responsibility for Strike Island? June 23, 2022 Welcome to Strike Island, then. British Airways’ ground handlers – or at least, a chunk of them – are now joining an ever-growing list of unionised workers who have picked walkouts over work amid a heightening cost of everything crisis. Whether it’s wise for union leaders to take their staff out on strike at the [...]