Hospitality body calls for compromise over energy bills as firms face winding-up orders December 5, 2022 Energy firms should offer compromise solutions if business customers are struggling, argued the hospitality trade body’s chief.
Profits boom for Thames Water despite leak jump December 5, 2022 Thames Water posted nearly £400m in profits for the six months to September, despite the firm grappling with a jump in leaks during the scorching summer. The UK’s biggest water company said pre-tax profits were £398m, swinging from a pre-tax loss of £581m for the same period in 2021. Thames Water said it experienced an [...]
Bob Diamond’s acquistion vehicle abandons merger with crypto firm Circle December 5, 2022 Bob Diamond’s acquisition vehicle has scrapped a deal to take cryptocurrency firm Circle public today as the sector is rocked by the collapse of crypto exchange FTX and a slump in prices.
OPEC+’s production cuts reveal unsteady markets, say oil experts December 5, 2022 OPEC+'s decision to maintain its hefty output cuts reflects a lack of stability in global oil markets, argued analysts.
Bitcoin could tumble to £4,100 next year, analysts warn December 5, 2022 Bitcoin could plunge by a further 70 per cent next year as investors scramble for safe havens like gold amid continued turmoil on the markets, analysts have warned.
UK’s new flexible working laws still give employers right to reject requests, employment lawyers say December 5, 2022 New rules aimed at boosting uptake of flexible working arrangements still give employers’ significant discretion to reject those requests, lawyers have told City A.M. New laws aimed at increasing flexibility in the workplace, by giving low paid workers the legal right to ask for a more flexible arrangement and letting all staff ask for flexible [...]
Germany unveils £2.5bn gas deal with Trafigura to ease energy crisis December 5, 2022 Germany has secured a long-term gas deal with commodities specialist Trafigura to shore up its energy supplies over the coming winters.
Seven Extinction Rebellion campaigners convicted of criminal damage at Barclays HQ December 5, 2022 Seven female Extinction Rebellion activists have been found guilty of causing criminal damage against Barclays Bank. The defendants aged between 28 and 64 were charged with £100,000 worth of criminal damage at Barclays HQ in Canary Wharf last year. They will be sentenced in late January next year and could be facing a maximum penalty [...]
Glencore to pay £147m over Democratic Republic of Congo corruption claims December 5, 2022 Glencore has agreed to pay $180m (£147m) to the Democratic Republic of Congo (DRC) to settle “all present and future” lawsuits arising from the large-scale international bribery scandal currently facing the firm. In a statement, Glencore said the $180m deal acts to settle any existing or future claims relating to the corruption allegations surrounding [...]
Investors lose interest in supply chain tech as pace of onshoring quickens December 5, 2022 Venture capital investment into supply chain focused technology has significantly slowed in the past few months, following a pandemic-era boom. Startups around the world injected $3.3bn (£2.6bn) to the industry in the third quarter, down more than 77 per cent in comparison with the same months a year ago, according to data research firm Pitchbook [...]