Consumer Duty set to deliver ‘biggest regulatory overhaul in a decade’ for financial services July 26, 2022 City firms are braced for one of the biggest shake ups of UK financial services regulation in a decade this week as the UK’s top watchdog unveils its new Consumer Duty to ramp up protection of savers and retail investors.
Amazon says inflation and operating costs force e-com giant to hike price of Prime subscription for UK customers July 26, 2022 Amazon has confirmed it plans to hike the price of its Prime delivery and streaming service due to “increased inflation and operating costs”. The technology giant offers free unlimited delivery, entertainment streaming and live sport through the Prime service. It said it will increase the price of Prime from £7.99 each month to £8.99 from [...]
Union accuses Grant Shapps of blocking strike talks July 25, 2022 Transport secretary Grant Shapps was accused of blocking the negotiations between rail operators and unions that could end the ongoing strikes. The Trades Union Congress (TUC) called on Shapps to “stop prolonging the rail dispute” which has threatened to bring the country to a standstill. “Transport secretary Grant Shapps is giving secret instructions to rail [...]
No pressure? Gazprom cuts gas flows into Europe as cold winter months loom July 25, 2022 Gazprom plans to further cut gas flows into Europe, raising the chilling prospect of rationing and blackouts this winter.
Naftogaz suffers setback with bondholders rejecting debt freeze proposal July 25, 2022 Naftogaz has revealed its bondholders are set to refuse its two-year debt payment freeze request, alongside a setback from the government.
Good Friday Agreement architect Lord Trimble dies aged 77 July 25, 2022 Former Northern Ireland first minister David Trimble died at the age of 77, following a short illness.
Dexters snaps up sixth rival agency in 12-months in London property boom July 25, 2022 London estate agents Dexters yesterday snapped up its sixth competitor in the past year, as it looks to make significant headway in the capital’s booming property market. Dexters declined to comment on the price of the agreement, but industry sources believe the deal for Conran was a seven-figure sum. “London has bounced back from [...]
Fashion factories: Government must do more to tackle workers’ fears towards reporting illegal wages July 25, 2022 The government should do more to tackle Leicester garment workers’ fears around reporting illegal wages, a report has urged. Findings from the Low Pay Commission (LPC) echo earlier studies in concluding there is still a long way to go in improving the treatment of textile factory workers in the city. Some factories have operated at [...]
4,500 TSB staff to be given £1,000 payment to weather cost-of-living crisis July 25, 2022 Around 4,500 staff at TSB are to be given a £1,000 payment after the high street lender became the latest firm to announce payouts to help employees weather the cost-of-living crisis. The payment will be made to all staff at the bank earning £35,000 or less and will be made in two stages – one [...]
Rail staff announce ANOTHER two days of strike July 25, 2022 Members of the union TSSA working as station and operational staff at seven rail companies have called for another two days of strike. The industrial action will take place on 18 and 20 August and will impact services on Avanti West Coast, c2c, East Midlands Railway, CrossCountry, Great Western Railway, LNER, and Southeastern. Meanwhile, workers [...]