Week ahead: City braces for biggest Bank rate hike since independence July 31, 2022 The City will this week be bracing for what could be the steepest interest rate rise since February 1995. London’s premier FTSE 100 index posted a strong performance last week, climbing just over two per cent to 7,423.43 points. The mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK [...]
23m Brits on £2.4bn spending spree today as the nation tunes in for the Women’s Euro final July 31, 2022 Nearly 23m Brits are expected to spend money today as they will be celebrating England Women’s first appearance in a major football final since 2009. The EURO final today is expected to generate an average spend per person of over £46.08 before, during and after the match with the top purchases being food delivery (62%), [...]
Air traffic boss gets £1.2m bonus as industry battles with travel chaos July 31, 2022 Martin Rolfe, boss of government-backed air traffic control operator NATS, has received a £1.2m bonus as aviation continues to battle travel delays and disruption. The payment is part of a five-year bonus dated back to 2015, which was due to be paid in June 2020, the Sunday Telegraph reported first. But following the pandemic’s impact [...]
BP to unveil bumper profits as Brits face record energy bills this winter July 31, 2022 BP will follow in the footsteps of their rivals and unveil record quarterly profits next Tuesday, as Brits face record energy bills this winter.
Women’s Euro final 2022: The best places to watch England vs Germany TODAY July 31, 2022 Sing it with us… It’s coming home, it’s coming home, it’s… could it be, finally? TODAY is the day, and we couldn’t be more excited. Kick off is at 5.00pm this afternoon and the game will be screened on BBC One, but of course our great city has plenty of options if you’d rather get [...]
Octopus Energy calls for £1bn hedging support to finalise Bulb Energy deal July 31, 2022 Bulb's future could finally be settled in the coming weeks, provided the Government coughs up £1bn in taxpayer funds.
Ringfencing risks driving up energy bills, warns Cornwall Insight July 30, 2022 The cost of ringfencing consumer credit balances will risk adding more costs to bills "at a time when consumers can ill afford them" says Cornwall Insight.
Network Rail chairman: Reconciliation is on the horizon between unions and rail bosses July 30, 2022 Reconciliation is on the horizon for British railways, Network Rail’s chairman has said, after disputes over pay between unions and bosses have trains at a halt. The RMT union last week rejected an eight per cent pay rise over the next two years, alongside 75 per cent off rail travel for family members, in what [...]
Severing business ties with China risks weighing on UK economy, says CBI boss July 30, 2022 Severing ties with Chinese business risks weighing on the UK’s cost of living crisis, the boss of the Confederation of British Industry (CBI) has cautioned today. Worsening relations between Beijing and the West has piled scrutiny onto Chinese businesses and investments, including the move in 2020 to remove Shenzhen-based Huawei from UK 5G infrastructure, and [...]
US and Japan to split semiconductor research amid national security concerns July 30, 2022 The US and Japan have inked an agreement to set up a shared research centre for next-generation semiconductors, as supply of the in-demand tech becomes increasingly tied to national security. At a meeting in Washington on Friday, Japanese trade and foreign ministers Koichi Hagiuda and Yoshimasa Hayashi, with US secretary of state Antony Blinken and [...]