He could work on the delivery, but Bailey’s warnings were right August 16, 2023 So was he right? Bank of England governor Andrew Bailey’s comments that Brits shouldn’t ask for a pay rise looked tin-eared at the time, and it didn’t help when the Bank then upped its bonus pool. But his warnings of a wage price spiral appear to be coming to fruition. Now, what brought on the [...]
Why is Netflix jumping into the cloud gaming market? August 15, 2023 Netflix first announced its move into the cloud gaming industry back in November 2021, and it is now starting to test its games in the UK on televisions and computers as it looks to grow the service. Cloud gaming – sometimes known as gaming on demand or game streaming – allows users to play video [...]
Energy firms split as Ofgem boss calls for price cap rethink August 15, 2023 Energy bosses are split over the role of the price cap in the UK's retail market, with a seeming rift between challengers and the Big Six.
Liberty Global inks €1.5bn deal with IT giant Infosys to scale up Horizon entertainment platform August 15, 2023 International telecoms firm Liberty Global (LG) has struck a €1.5bn (£1.3bn) deal to outsource its Horizon entertainment platform to Indian IT consultancy Infosys. The two corporate giants are poised to collaborate over a five-year period, with Infosys helping Liberty Global expand its Horizon entertainment platform, a TV and video streaming service used by over 10m. [...]
Yet more rail strikes have been announced – here’s all you need to know August 15, 2023 Commuters are to face yet more misery from rail strikes this August after the Rail, Maritime and Transport Union (RMT) announced fresh industrial action last week. 20,000 RMT members from a host of train operators nationwide will walk out, disrupting the UK’s rail network on dates that coincide with the August Bank holiday weekend. The [...]
Harrods hails rise in profit as iconic London store recovers from pandemic lull August 15, 2023 Harrods, the world famous department store in Knightsbridge, recorded a profit for the year ending January 2023, as the iconic London shop fully rebounded from the pandemic lull. Luxury shoppers keen to blow their cash in the capital helped hike operating profits at Harrods to £202.7m up from a weak £71.4m the prior year. The [...]
Rise of the ‘finfluencers’: Instagram, Facebook and Reddit drive investment ideas in young people August 15, 2023 Young people are increasingly turning to social media for investment ideas even as the Financial Conduct Authority (FCA) starts to whip out regulation on the field of finance influencers – or ‘finfluencers’ as they are often known as. Over a fifth of investors ages between 18 and 34 are taking investment advice such as stock [...]
Wilko rumour mill: B&M shares up as takeover whispers gather volume August 15, 2023 Wilko has fallen into administration but rumours are flying that fellow discounters could be circling the stricken retailer
Vauxhall warns UK is ‘well behind’ on EV charger roll out August 15, 2023 The UK government is facing renewed pressure to resolve ongoing delays in the roll-out of critical electric vehicle (EV) charging infrastructure, after Vauxhall warned this morning that the vast majority of local authorities have yet to install any public chargers. The carmaker, via Freedom of Information (FOI) requests, found that out of 414 councils across [...]
Harvey Nichols boss Manju Malhotra exits after three years August 15, 2023 The boss of Harvey Nichols, Manju Malhotra, will step down from her role as head of the luxury retailer. Malhotra, who led the business for three years, will temporarily be replaced by Pearson Poon the son of Dickson Poon who has owned Harvey Nicholls since the 1990’s. Poon, who currently serves as executive director has [...]