Consortium inks £3.7bn takeover deal for Mediclinic August 4, 2022 Hospital chain operator Mediclinic is to be bought by a consortium for an equity value of around £3.7bn. The South African investment holding firm has snapped up the UK operation alongside MSC Mediterranean Shipping. “The recommended offer represents a near-term value realisation for Mediclinic shareholders at an attractive premium,” Dame Inga Beale, chair of Mediclinic, [...]
Glencore shareholders set for payday as profits jump to $18.9bn August 4, 2022 Mining and commodities giant Glencore announced it would put $4.5bn back in shareholders pockets today after it reported record half-yearly profits of $18.9bn on the back of soaring metal prices and market volatility.
Rolls-Royce shares dive as soaring costs squeeze profits August 4, 2022 Rolls-Royce reported a slowdown in profits in the first six months of the year as a cocktail of snarled supply chains, soaring inflation and war in Ukraine caused costs to spiral.
‘Junk science’: London Conservatives dispute validity of research on TfL food ad restrictions August 3, 2022 GLA Conservatives have disputed the validity of an independent research on junk food ad restrictions implemented since 2019 on the Transport for London (TfL) network. Published yesterday by the University of Sheffield and the London School of Hygiene & Tropical Medicine, the study argued that the ban has prevented almost 100,000 cases of obesity. It [...]
Cost of living: Morrisons follows Tesco and Asda in announcing fuel price cut of 6p per litre August 3, 2022 Morrisons is the latest supermarket to announce it is slashing the price of fuel, as households struggle to stay afloat amid a cost of living crisis. The retailer said on Wednesday that it had cut the cost of unleaded and diesel by an average of six pence a litre over the last week at all [...]
London City Airport to reach 3 million passenger mark as numbers soar August 3, 2022 London City is on track to reach the 3 million passenger mark at the end of the year as numbers continue to soar. The Newham airport announced today that 640,000 passengers travelled through its gates in June and July while August forecasts expect another 300,000. “We have made a conscious effort with our airlines to [...]
TfL tells union financial recovery at risk if Tube strikes go ahead August 3, 2022 Transport for London (TfL) has called on the union RMT to cancel the Tube strike on 19 August as walking out will only increase the public body’s financial risks. “I need to be really clear with you, that taking further industrial action at this time will do nothing but undermine our negotiations with government and [...]
London Southend appoints former No1 Lounges boss John Upton to top position August 3, 2022 London Southend airport has appointed John Upton, former boss of international lounge company No1 Lounges, as chief executive. Upton – whose tenure will begin in September – will replace Glyn Jones, who has been at the airport’s helm for the last seven years. Jones – who has stepped down following the airport’s reopening to passengers [...]
TfL long-term funding discussions drag on August 3, 2022 Discussions over the long-term funding of Transport for London (TfL) have dragged on, as the latest round of government funding was set to expire today. TfL’s commissioner Andy Byford said the public body was still “in active discussion” with government officials to ensure that the funding proposal made was “fair and deliverable.” “We hope these [...]
Hosepipe ban introduced in Kent and Sussex as UK faces drought fears August 3, 2022 Residents in Kent and Sussex have been hit with a hosepipe and sprinklers ban, with South East Water introducing the measure to tackle dry weather. The water company is the second firm to launch such a ban, with the measure taking effect from Friday 12 August. England saw its driest July since 1935 last month, [...]