British Airways to cancel further flights up to the end of October August 22, 2022 British Airways has announced a further raft of flight cancellations between now and the end of October as the UK’s travel chaos continues. The airline has struggled with staff shortages and with airport Heathrow’s decision to cap passenger numbers until the end of October. A spokesperson for the airline said “the vast majority” of customers [...]
Sony faces £5bn lawsuit over claims it ‘ripped off’ millions through PlayStation store August 22, 2022 Sony is set to face a £5bn class-action lawsuit, brought forward on behalf of 8.9m people, over claims it breached competition law by overcharging for digital PlayStation games and in-game purchases. The Japanese video game console maker is being sued by consumer rights campaigner Alex Neill, on behalf of millions of gamers, over its practice [...]
Ackman’s Pershing Square Holdings falls to loss in ‘challenging’ year August 22, 2022 Shares in Bill Ackman’s London-listed Pershing Square Holdings fell today after the firm revealed its investments slid in value by 26 per cent in a “challenging” first half of the year.
Arm CEO: UK’s semiconductor strategy must make it easier to hire overseas talent August 22, 2022 The UK’s upcoming semiconductor strategy must make it easier for overseas talent to work in the country, the boss of British computer chip designer Arm has said today. Speaking to The Times, chief executive Rene Haas said that policy which makes it “easier for engineers to move across borders to be hired” would be “hugely [...]
Marsh launches world’s first dedicated hydrogen insurance fund August 22, 2022 Insurance broker Marsh today set out plans to launch the world’s first ever dedicated hydrogen insurance offering, to provide coverage for new and existing H2 energy projects. Marsh’s new fund will provide cover worth up to $300m per project in a bid to capitalise on a fast-growing sector that is set to see $150bn invested [...]
Sewage scandal: Water companies under fire for faulty monitors August 22, 2022 WATER bosses are again in the firing line after new figures suggested one in eight ‘sewage monitors’ installed for designated swimming areas in the south of England are either faulty or not installed. The analysis, compiled by the Liberal Democrats from Environment Agency data, comes just days after images of untreated sewage being pumped into [...]
Credit Suisse hires new finance chief in boardroom shake-up August 22, 2022 Embattled Swiss lender Credit Suisse has hired Deutsche Bank’s Dixit Joshi as finance chief and promoted Francesca McDonagh to chief operating officer as it looks to reset after a string of crises.
Deloitte to hire 6,000 new UK staff over next five years August 22, 2022 Deloitte today set out plans to hire more than 6,000 new UK employees over the next five years in a bid to boost the quality of its audit work. The plans will see the accounting firm recruit at least 1,200 audit and assurance professionals each year from 2022- 2027, including around 5,000 new auditors. The [...]
Invesco launches metaverse fund to tap into ‘£1.4tn opportunity’ August 22, 2022 Investment management firm Invesco has launched a new fund dedicated to metaverse-related equities today as it looks to tap into a “£1.4tn boost to the economy”, the firm said.
Britishvolt founder and CEO steps down, passing reins to former Ford chairman August 22, 2022 The founder and CEO of battery technology giant Britishvolt has stepped down from the role, handing over the reins to deputy CEO and former Ford chairman Dr Grahan Hoare OBE. Orral Nadjari, who had held the position since the company’s inception in 2019, said in a statement today: “Although it was a difficult decision for [...]