UK set to cut food tariffs to ease cost of living pressures June 30, 2022 The UK is set to cut tariffs on imported food in a bid to ease the cost of living crisis, Boris Johnson has said. The Prime Minister said products the UK does not produce – like oranges, rice, olives and bananas – could see price cuts in the coming months by slashing tariffs on foreign [...]
AXA UK Chairman Scott Wheway steps down with Mark Pain appointed June 30, 2022 AXA UK plc announced that Chairman of the Board Scott Wheway is stepping down today. Non-Executive Director Mark Pain will serve as Chairman from tomorrow. Wheway was appointed as Chairman in December 2017 while Pain was appointed to the Board in December 2018. He is Chairman of the Risk Committee and Senior Independent Director Wheway said [...]
Bitcoin price drops for fourth day straight June 30, 2022 The price of Bitcoin has slipped below $20k again this morning, having fallen for a fourth straight day to around $19,100.
Bitcoin price to start recovery after final ‘washout’ of crypto winter, says Fundstrat June 30, 2022 Bitcoin could face one more crash before its price recovers. A final ‘washout’ could send the price of the biggest cryptocurrency plummeting to $13,000 before it starts to go up, analysis by financial research firm Fundstrat found. Bitcoin is currently trading around $20,000. “Most short-term technicals point to an above-average chance of a final ‘washout’-style [...]
‘Practically treacherous’: Ex F1 boss Bernie Ecclestone lambasted for saying he’d ‘still take a bullet for Putin’ June 30, 2022 Formula 1’s Bernie Ecclestone has defended Russia’s president Vladimir Putin, saying despite the war in Ukraine: “I’d still take a bullet for him.” The controversial former motorsport boss, 91, made his remarks on Good Morning Britain, when asked, “do you still regard him as a friend, do you still stand by that feeling towards him?” [...]
Letters: Time for special measures June 30, 2022 [Re: Watchdog puts Met Police under special measures, June 29] This is a regrettable but necessary measure. HM Inspectorate of Constabulary is to be commended. This is about weak leadership over a sustained timescale , a failure to manage out poor or criminal behaviour by a small minority of police. Most Met officers do an [...]
Impacts of Covid and Brexit hard to uncouple, MPC appointee Dr Swati Dhingra June 29, 2022 Dr. Swati Dhingra said that the impacts of Covid and the impacts of Brexit are still difficult to differentiate. In an oral evidence session following her appointment to the Monetary Policy Committee, Dr. Dhingra said “We’re still struggling with how to distinguish between the impacts of Covid and Brexit,” with the EU exit date coinciding [...]
Pride in London: How to avoid crowds or party with the masses June 29, 2022 Making a noise about Gender Recognition Act reforms or just, well, making a noise, here’s where to spend Pride in London this weekend After a few dreary weather days it’s looking up for Pride in London on Saturday, where over 1.5 million queer people and allies will fill the streets of the West End with [...]
AIM IPOs fall to lowest level since 2009 with just one in Q2 2022 June 29, 2022 The UK’s Alternative Investment Market had the lowest number of IPOs since 2009 in 2022’s second quarter. Only one company floated in Q2 and raised £6m, research by accountancy group UHY Hacker Young found. The last quarter to experience IPO activity this low was the first quarter of 2009, following the start of the financial crisis, [...]
Sales at Morrisons drop as supermarket boss cites ‘very fragile’ trading environment June 29, 2022 Supermarket Morrisons has seen sales drop by 6.4 per cent in the second quarter of the year, blaming a “very fragile and difficult consumer environment.” In a trading update for the 13 weeks ending 1 May, the grocer said it had experienced a “very challenging” trading environment with cash-strapped Brits tightening their belts as inflation [...]