Moneyhub eyes London IPO after £35m cash injection October 24, 2022 Fintech firm Moneyhub said it was eyeing up a London listing today as it bagged £35m in fresh funding from investors including Legal & General and Lloyds Banking Group.
Addison Lee boss: Taxi firms making a fortune during strikes is an ‘urban myth’ October 24, 2022 Private taxi and hire companies making a fortune during strike days is an “urban myth”, according to Addison Lee’s chief executive Liam Griffin. “We don’t surge in the way Uber does,” Griffin told City A.M. “We continue to charge the same rates we would on any given day.” The comments come as thousands of rail [...]
BT strikes likely to continue until next April says insider October 24, 2022 BT and Openreach strikes over pay are likely to continue well into next year, says union insider. This could mean that the Communication Workers Union (CWU), which represents around 40,000 BT workers, could cause disruption across 999 call centres and Openreach engineer services until next April — spelling danger for a winter of potential blackouts and [...]
Airbus in £10bn talks to lock in Saudi Arabia for mega order of 40 A350 planes October 24, 2022 Saudi Arabia is reportedly in talks with EU plane manufacturer Airbus for the purchase of around 40 A350. Industry sources told Reuters the order would stand at $12bn (£10.6bn) and could be announced as early as this week. The Saudi government is in fact hosting the Future Investment Initiative, an international investment forum run by [...]
Property lawyers should prepare for 2008-style crash, regulator says October 24, 2022 Property law firms should ready themselves for a “significant fall” in work as a result of a downturn in the UK’s real estate sector, the industry regulator has said. The Council for Licensed Conveyancers (CLC), which regulates conveyancers and property solicitors, said firms should prepare for a reversal of the past decade’s boom as economic [...]
Gas prices slide to five-month lows as supply fears ease October 24, 2022 Gas prices have dropped below €100 per megawatt-hour for the first time since June, weighed down by cold weather and LNG imports.
Brexit Brits were sold ‘a mirage’ as UK’s destiny ‘clearly’ lies in Europe, says EU bigwig October 24, 2022 Brits voting for Brexit primarily did so because they were sold “a sort of mirage” and it is “clear” the UK’s future lies firmly in Europe, a prominent member of the European Commission said over the weekend. French politician Thierry Breton, who is in charge of the internal market within the European Commission, told RTL [...]
Four Just Stop Oil activists arrested after smearing cake on Madame Tussauds model of King Charles III October 24, 2022 Four Just Stop Oil activists have been arrested for criminal damage after throwing cake at a Madame Tussauds’ model of King Charles. The campaigners were held by police after launching the stunt on Monday morning. The Metropolitan Police tweeted: We responded quickly to an incident at Madame Tussauds after two people threw food at a [...]
UK headed for ‘deep recession’ on political turmoil and soaring interest rates October 24, 2022 The UK could be hurtling toward a “deep recession” caused by a mixture of political turmoil and soaring prices forcing the Bank of England to hike interest rates steeply, a closely watched survey out today reveals. Britain’s private sector economy shrank sharply this month, with contraction rates returning to levels last seen in January 2021 [...]
Exclusive: How London’s prime property financing space weathered Brexit, Covid and market mayhem October 24, 2022 Prime property finance is experiencing a boom in demand but battling falling prices. Yet, as the most resilient part of the market shows it can insulate itself from Brexit, the pandemic and current financial woes. While not immune from external shocks, its ability to recover faster than the rest of the industry makes it a [...]