Debt campaigners sound alarm over Deliveroo’s Klarna tie-up October 12, 2022 Debt campaigners have sounded the alarm over a “worrying” partnership between Deliveroo and buy-now pay later firm Klarna today which they claim could land cash-strapped Brits in mounting piles of debt.
New laws pushing for paperless trade introduced to parliament October 12, 2022 A new bill aimed at driving paperless trade was introduced to parliament today, cutting “red tape” for international shipping. The Electronic Trade Documents Bill hopes to boost the UK’s international trade, and reduce the estimated 28.5 billion paper trade documents printed and flown around the world daily. Under the new law, digital trade documents will [...]
Truss voices support for Heathrow’s third runway October 12, 2022 Prime Minister Liz Truss has voiced her support for Heathrow’s third runway, saying she agreed with the comment made by transport secretary Anne-Marie Trevelyan. “I absolutely agree with what the transport secretary said in her comments,” Truss said today during PMQs. Trevelyan reportedly told a fringe event during the Conservative Party conference last week she [...]
Oil, gas and fracking key to UK’s green goals, says climate minister October 12, 2022 Oil, gas and fracking projects developed in the UK are good for the environment and energy security, argued the new Climate Minister.
Energy bill fears: Tesco sales of air fryers triple and electric blankets up 500 per cent October 12, 2022 Brits have flocked to buy air fryers and electric blankets in a bid to cut their energy use ahead of the winter. Supermarket giant Tesco reported the countertop frying appliance which deep-fries food without oil experienced a tripling in sales over the past year. Sales rocketed 200 per cent year on year as customers look [...]
Tiktok parent firm ByteDance boosts stock option buyback October 12, 2022 In a quest to keep staff happy, TikTok’s parent firm ByteDance is reportedly initiating a second stock option buyback for staff at a higher price than the previous one. The Chinese company told staff via email that those eligible can apply to cash out their Restricted Stock Units (RSUs), ByteDance’s stock option programme. It offered [...]
MySale board urges shareholders to back Frasers’ offer despite acknowledging bid undervalues firm October 12, 2022 The board of MySale has urged shareholders to accept Frasers’ bid even though the company acknowledges the offer “undervalues” the business. The Sports Direct owner Frasers would expect to own 504,113,926 MySale Shares or more than 48 per cent of the voting rights, if the deal went through. Last month, MySale shareholders rejected a 2p-per-share [...]
City regulators ready clampdown on LDI pension funds October 12, 2022 City regulators said today they are readying to clampdown on the so-called liability driven investment (LDI) strategies at the heart of a near-meltdown in some UK pension funds two weeks ago.
M&S to speed up plans to close 1 in 4 larger clothing stores October 12, 2022 Marks & Spencer will accelerate its plans to slash the number of its larger stores that sell clothing and homeware products. In an update to investors on Wednesday, the supermarket revealed it would shutter more than one in four of its so-called full-line stores within three years rather than five. Plans also include the opening [...]
UK top of the charts for offshore floating wind as global projects boom October 12, 2022 The UK remains the global leader in floating offshore wind amid a rise in global developments, according to Renewable UK.