Aviation industry left in disarray after US judge overthrows Biden’s mask mandate on planes and trains April 19, 2022 The US aviation industry was left in disarray after a US federal judge overthrew President Biden’s mask mandate on public transportation, creating confusion among passengers and operators. The ruling, which was made yesterday by Florida judge Kathryn Kimball Mizelle, gives public transport operators the power to keep masks on or scrap them entirely forcing travellers [...]
Standard Chartered London HQ and global offices targeted by fossil fuel protests April 19, 2022 Standard Chartered has become the latest London-headquartered bank subject to climate change protests, as activists seek to stop investments in oil and gas. The nearly 170-year-old bank is the only bank in the UK facing a shareholder-proposed resolution on climate change at its annual this year. Despite protests erupting outside the British bank’s office in [...]
Government considers scrapping green levies as households face spiralling energy bills April 19, 2022 The government could scrap a green levy which adds £153 to the average energy bill to ease the cost of living crisis facing households.
Egg farmers threaten to stop production in price row with supermarkets April 19, 2022 Egg farmers have warned they could be forced to stop production after claiming the country’s biggest supermarkets are “suffocating businesses.” Farmers have previously called on supermarkets to raise the price of eggs as producers struggle with significant feed and energy cost increases. Now, the British Free Range Egg Producers Association (BFREPA) has said farmers may [...]
Pinsent Masons enters City bidding war after boosting pay for new lawyers to £92k April 19, 2022 Pinsent Masons has given newly qualified (NQ) lawyers working in its London offices a 22.6 per cent pay rise, in upping their salaries to £92,000 a year. The commercial law firm entered the fray by hiking pay for its freshly trained lawyers from £75,000 to £92,000 a year. NQs working in its regional UK [...]
London anti-fraud firm bags £72m as online scams boom April 19, 2022 London anti-fraud firm SEON has bagged a $94m (£69m) cash injection today as firms look to fight off a wave of online fraud brought on by a shift to digital platforms through the pandemic.
Prada: Strong US sales offset impact of Covid lockdown in China April 19, 2022 Designer handbag maker Prada performed above expectations in the first quarter of the year, as US sales offset trade suspensions in Russia. CEO Patrizio Berteilli also said strong results in the US in the first four months of the year helped to offset the impact of Covid lockdowns in China. Speaking to Italian newspaper Corriere [...]
Former Ferrari executive Michael Leiters in pole position to head McLaren Automotive April 19, 2022 Former Ferrari executive Michael Leiters is reportedly in the pole position to head McLaren’s car making business, McLaren Automotive. Leiters, who stepped down from his chief technology officer post in December, is among the candidates currently vetted to replace McLaren Automotive’s chief executive Mike Flewitt. It is unclear whether Leiters has agreed to take over [...]
Spectris sells off Omega Engineering for £400m, paving the way for a larger investor April 19, 2022 British electrical engineering firm Spectris has confirmed it will sell off Omega Engineering for $525m (£403m), to make way for a larger investor. The London-listed group has sold the engineering business to Arcline Investment Management, for around 20 times Omega’s adjusted earnings before interest, depreciation and amortisation, Spectris said in a regulatory filing this morning. [...]
Hungry for success: Cake Box rebounds from pandemic with record sales after online orders leap April 19, 2022 Cake Box has reported record sales for the past year after recovering from the side effects of the Covid pandemic. The north-London based firm said its sales leapt some 50 per cent for the year to March, with particularly strong sales in the previous six months. Momentum had been driven by online delivery and click [...]