Royal Mail under fire for wrongly charging British customers £150 ‘Brexit tax’ May 30, 2022 Royal Mail is under fire from angry Brits for reportedly charging incorrect Brexit import fees on deliveries from the European Union. The mail giant wrongly slapped fees on items customers already own. One man was charged around £200 for a pair of glasses to be sent back from a hotel in Spain, according to a [...]
Hogan Lovells readies itself for demolition of Holborn Viaduct HQ after taking up office space at 10 Fleet Place May 30, 2022 British-American law firm Hogan Lovells has struck a 10-year deal with private equity firm Addington Capital to rent out the seventh and eighth floors of the firm’s 10 Fleet Place office building. The legal sector giant is set to transfer its business services teams to the 10 Fleet Place premises, as it seeks to exit [...]
City Lord Mayor says ‘the word London shouldn’t be an insult’ May 30, 2022 The words “metropolitan and London” should not be used as an insult and the capital needs to share in the government’s levelling up programme, according to London Lord Mayor Vincent Keaveny. Keaveny will tonight tell the annual London government dinner at Mansion House that “London is one of the UK’s strongest assets – anything which [...]
Barclays confirms slew of branch closures as banks slash high street presence May 30, 2022 Barclays has confirmed the closure of a slew of high streets banks this month as the move to shutter branches by UK lenders speeds up.
Exclusive: Half of City’s asset managers, pension funds and insurers still do not have any ESG policy in place May 30, 2022 It has emerged that many key players in the City still do not have developed an environmental, social and governmental investment policy. In fact, just under half (45 per cent) of asset managers, pension funds and insurers still do not have ESG investment policies in place, according to new research from Clearwater Analytics, shared exclusively [...]
Government adviser calls for taxation on EV tyres due to dangerous particles May 30, 2022 Electric vehicle (EV) tyres should be subjected to taxation as they release dangerous particulate matter, according to the chairman of the government’s independent science advisory group on clean air. A professor of atmospheric chemistry at the University of York, Alastair Lewis argued that particulate matter emitted from tyres is a much bigger risk to public [...]
Exclusive: London is the Silicon Valley of Europe, but ‘can not afford to sit on its tech laurels’ May 30, 2022 Forbes heralded London recently as the Silicon Valley of Europe as the capital proved to be “Brexit-proof” with around 18,500 new startups registering in 2021 alone. Although hybrid working has been adopted by many companies, London remains a place where giants such as Google, with its King’s Cross ‘landscraper’, nestle with newer companies such as fintech boomer Revolut, [...]
MPs set to scrutinise role of UK finance in net-zero transition as ESG debate rages on May 30, 2022 The role of the finance in driving the net-zero transition is set to be examined by MPs as a major debate rages on over the effectiveness of environmental, social and governance (ESG) investment.
Cineworld and Imax shares fly as Tom Cruise’s Top Gun smashes blockbuster opening weekend May 30, 2022 Top Gun had a top weekend, with the blockbuster hit raking in $248m (£196m) worldwide, making it the highest-opening non-superhero movie released since the start of the pandemic.
Budget pasta prices leap 50% in a year as affordable household staples come under pressure May 30, 2022 Pasta, crisps and bread are among the affordable staples seeing the largest price hikes, official data has revealed. The Office for National Statistics (ONS) has published fresh figures looking at price inflation for the cheapest items available across food categories. Official analysis has found the cheapest items have surged in price by around as much [...]