Aukus: Government signs £4bn deals to develop ‘hunter-killer’ submarines DEFENCE The Defence Secretary has announced £4bn of contracts with British firms for the “hunter-killer” submarine programme.
Will thousands of price cuts be enough to help Tesco win big amid cost of living crisis? tesco Investors will turn their focus to ‘Big Four’ grocer Tesco’s half year results on Wednesday to see if the company’s consistent slew of price cuts has continued to help it win big with customers amid the cost of living crisis. The supermarket behemoth has weathered the economic storm well, with its market share ticking up [...]
Retailers demand urgent action from government as crime soars Retail Dozens of UK retailers have written to Suella Braverman demanding urgent action over the soaring number of crimes made in stores. Some 86 retail leaders, including the bosses of Marks & Spencer and Sainsbury’s, have signed a letter to the home secretary demanding the government clamp down on rising levels of theft and abuse towards [...]
Revolut in talks with FCA over suspected red-flag accounts October 1, 2023 Revolut is reportedly in discussions with the Financial Conduct Authority (FCA) over claims it allegedly allowed money to leave accounts flagged by the National Crime Agency as suspicious.
Axel Springer hasn’t formally started bid for UK’s Telegraph, sources say October 1, 2023 Axel Springer has not formally bidded for the Telegraph, sources told Reuters, after a media report said it was interested in the title.
US Congress averts government shutdown, passing stopgap bill October 1, 2023 The US Congress has managed to avert a government shutdown after it passed a stopgap funding bill late on Saturday, which received overwhelming Democratic support.
Cash-strapped Brits pushed towards payday loans and buy-now pay-later, FCA warns September 29, 2023 The Financial Conduct Authority has warned the cost of living crunch is pushing Brits toward payday loans and buy-now pay-later products today as it launched a fresh financial inclusion drive.
Putin orders former Wagner figure to command volunteer units in Ukraine September 29, 2023 Russian President Vladimir Putin has ordered one of the top commanders of the Wagner military contractor to take charge of “volunteer units” fighting in Ukraine. The move signals the Kremlin’s intention to keep using the mercenaries after the death of their chief, Yevgeny Prigozhin. In remarks released by the Kremlin, Mr Putin told Andrei Troshev [...]
City of London elects new Lord Mayor: US scientist and economist Alderman Michael Mainelli September 29, 2023 The City of London Corporation has elected the 695th Lord Mayor as Alderman Michael Mainelli. Mainelli will take over the year-long role as the figurehead for the Square Mile, currently held by Nicholas Lyons, on Friday 10 November. The Lord Mayor-elect, 64, is a scientist, economist, and accountant, known for being chairman of Z/Yen. Born [...]
Science at the heart of the square mile September 29, 2023 | Sponsored The modelling started with Hurricane Andrew,” Oriol Gaspa Rebull tells me about the forecasting work Aon does to measure the risk of so-called ‘catastrophic’ events. That 1992 hurricane, which did extraordinary damage to South Florida, woke the industry up to the increasing severity of weather events. Every ‘event,’ of course, leaves insurers on the hook, [...]