OPEC+ to avoid pledges to further boost oil output despite Western pressure June 30, 2022 Western hopes for more oil are dwindling, as the world's most influential cartel refuses to commit to September supply increases.
‘Practically treacherous’: Ex F1 boss Bernie Ecclestone lambasted for saying he’d ‘still take a bullet for Putin’ June 30, 2022 Formula 1’s Bernie Ecclestone has defended Russia’s president Vladimir Putin, saying despite the war in Ukraine: “I’d still take a bullet for him.” The controversial former motorsport boss, 91, made his remarks on Good Morning Britain, when asked, “do you still regard him as a friend, do you still stand by that feeling towards him?” [...]
UK doubles support for Ukraine with £1bn military aid June 30, 2022 The UK has pledged to give an extra £1bn in military support to Ukraine’s war efforts. The plan will almost double the sums Britain has given in military aid to Ukraine so far, in bringing the total to £2.3bn. The pledge, which is set be announced by prime minister Boris Johnson at the NATO summit [...]
WPP snaps up Aussie marketing tech firm Bower House Digital to expand global network June 30, 2022 WPP announced this morning that it has snapped up Bower House Digital, a marketing technology services agency located in Australia.
M&C Saatchi confirms profits in line with £31m expectations as it continues to snub away takeover bids June 30, 2022 M&C Saatchi have confirmed a strong trading momentum, with headline profit before tax in line with management’s expectations of £31m for the full year.
UK financial services roars back after pandemic slowdown June 30, 2022 The UK’s financial and professional services sector roared back to growth last year after a pandemic induced contraction in 2020, a new report has revealed.
City of London elections: Biggs wants to bring the City back to life June 30, 2022 As the City of London prepares for elections, one candidate wants to reinvigorate the Square Mile. Nigel Biggs is one of five hopefuls in the Walbrook Ward for the forthcoming 7 July vote in the City of London, a municipality which has been functioning since at least 1032. With people spending more time working from [...]
BNPL firm Zilch bags $50m as boss predicts looming crisis for ‘checkout button’ rivals June 30, 2022 The boss of buy-now pay-later firm Zilch criticised the business model of ‘checkout button’ rivals today and said they would be rocked by an economic slowdown this year, as the London fintech revealed a $50m funding injection to fuel its expansion.
Unilever sells Israeli Ben & Jerry’s business to soothe diplomatic row June 29, 2022 Unilever has sold off its Ben & Jerry's business in Israel in a bid to smooth over a diplomatic row that erupted over its move to halt sales in occupied Palestinian territories.
Impacts of Covid and Brexit hard to uncouple, MPC appointee Dr Swati Dhingra June 29, 2022 Dr. Swati Dhingra said that the impacts of Covid and the impacts of Brexit are still difficult to differentiate. In an oral evidence session following her appointment to the Monetary Policy Committee, Dr. Dhingra said “We’re still struggling with how to distinguish between the impacts of Covid and Brexit,” with the EU exit date coinciding [...]