Klarna says BNPL can offer ‘better value’ for essentials amidst cost of living crunch August 23, 2022 Klarna has doubled down on the use of buy-now pay-later for essentials like groceries after debt charities and the regulator warned over the promotion of the products amidst a cost of living crunch this year.
Germany chases Canadian LNG to stave off supply shortages this winter August 23, 2022 Germany is targeting Canadian liquefied natural gas to help ease its shift away from Russian gas imports this winter.
Musk launches legal request to summon Twitter founder Dorsey to court August 23, 2022 Elon Musk has launched a legal request to summon Twitter co-founder Jack Dorsey to court in his battle to walk away from a $44bn deal to buy the social media company, according to a court filing.
Business secretary clears deal for BT shares by French billionaire Patrick Drahi August 23, 2022 The acquisition of BT shares by French billionaire Patrick Drahi’s Altice has been cleared by the business secretary after a review under the National Security and Investments Act (NSIA). Drahi’s company is now set to increase its BT stake from 12 per cent to 18 per cent, after announcing the decision in December. In a [...]
Saga bolsters board in push to pandemic recovery August 23, 2022 Over 50s specialist Saga has called in three new directors to bolster its leadership team today as it looks push ahead with its recovery from a pandemic slowdown.
City Moves: Who’s switching jobs in the Square Mile? August 23, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Knight Frank Property consultancy Knight Frank has appointed a new head of lettings in its King’s Cross office. Joining from the firm’s Canary Wharf office where he was a most recently an associate in the lettings team, [...]
Utilita Energy boss calls on the UK government to freeze the energy price cap August 22, 2022 The boss of Utilita Energy has called on the UK government to freeze the energy price cap to help support millions of households and firms this winter. Boss Bill Bullen has written to Kwasi Kwarteng calling for the urgent intervention to protect businesses and consumers faced with skyrocketing energy bills, and to stop energy prices [...]
Microsoft in trademark row with UK children’s reading firm Word Windows August 22, 2022 US tech titan Microsoft is locked in a trademark dispute with a woman in Northampton after she named her business Word Windows. Kate McKenzie’s company sells handheld tools designed to help children with reading. But on 1 July, nine days before the product was due to be launched, she received a letter from lawyers representing [...]
WH Smith chair Henry Staunton lined up as new Post Office head August 22, 2022 The UK government is lining up outgoing WH Smith chairman Henry Staunton to head the Post Office, as it seeks to navigate the fallout of the miscarriage of justice that saw hundreds of the state-owned company’s workers wrongfully convicted of serious crimes. Former ITV finance director Staunton has been chosen as the preferred candidate to [...]
Bulb bailout set to balloon to £4bn by April August 22, 2022 The cost of bailing out energy supplier Bulb Energy could balloon to £4bn by April unless it can be sold sooner. Bulb became the first energy firm to fall into special administration last November, as it struggled with spiralling wholesale costs and the constraints of the energy price cap. But Bulb is currently gobbling up [...]