Exclusive: Yü Group’s boss warns against over-regulating energy market at expense of innovators July 26, 2022 Reforms to the energy sector risk reverting the market back to only a few big suppliers, warned Yü Group boss Bobby Kalar.
Virgin Money announces plans to take UK’s fast-growing ‘buy now, pay later market’ by storm July 26, 2022 Virgin Money said this afternoon the bank plans to enter the buy now, pay later (BNPL) market later this year. With an offering called Virgin Money Slyce, Virgin Money is set to launch a new BNPL credit card product. Any spend over £30 can be spread across three, six, nine or 12-month repayment plans. Paying [...]
Shares in UPS dip despite posting an unexpected profit July 26, 2022 Delivery giant United Parcel Service (UPS) defied expectations today, posting a more upbeat quarterly profit. The company warned back in April that it expected volumes to shrink in the first of the year as the pandemic momentum slows and more and more people return to the high-street. However, thanks to prioritisation of more expensive shippings [...]
Cheeky Brits skip Heathrow queues by pretending to need wheelchairs after TikTok video goes viral July 26, 2022 Heathrow’s boss said this afternoon that a range of airline passengers are skipping queues at his airport by pretending to need a wheelchair after watching a video on TikTok. The west London airport’s chief executive, John Holland-Kaye, described this as “the wrong thing to be doing”. He told LBC: “For passengers requiring wheelchair support we [...]
District, Bakerloo, Elizabeth lines and Overground to be disrupted by tomorrow’s rail strike July 26, 2022 London tube services are set to be impacted by tomorrow’s rail strike – the first of a three-day walk out called by the union RMT over job cuts and salaries. Transport for London (TfL) warned commuters to check before they travel as services on the District, Bakerloo, Elizabeth lines as well as the London Overground [...]
Staff cuts in crime agencies would ‘completely undermine’ UK’s fight against oligarchs, campaigners warn July 26, 2022 Campaigners have called on the UK government to rule out plans to slash headcounts in the enforcement agencies tasked with fighting economic crime, after warning any cuts would “completely undermine” Britain’s bid to crack down on the kleptocrats, criminals, and oligarchs that seek to launder dirty money in the UK. UK government plans to cut [...]
Alibaba eyes Hong Kong primary listing as US audit row continues July 26, 2022 Alibaba is seeking a primary listing in Hong Kong as the e-commerce giant attempts to lure in more mainland Chinese investors.
Tesla’s Bitcoin holdings lead to £141.5m impairment charge and £53.3m profit July 26, 2022 Tesla had an impairment charge of $170m (£141.5m) on the carrying value of its Bitcoin holdings, while making a $64m (£53.3m) profit from selling the cryptocurrency in the first half of 2022, the company reported. In a filing with the Securities and Exchange Commission on Monday, the electric automaker said that it must recognise impairment [...]
Exclusive: Second Home dodges bankruptcy and eyes US expansion with fresh funding July 26, 2022 Shared office space firm Second Home has scooped a £7.5m funding package to dodge bankruptcy and is now eyeing up expansion in the US, City A.M. can reveal.
Environment agency says ‘no plans for water restrictions’ but people urged to be frugal July 26, 2022 There will be “no plans for restrictions on essential water use” in the immediate future despite hot weather drying up river beds and leaving parks parched. With the prospect of hosepipe bans and other measures to save H20, the National Drought Group (NDG) was convened by the Environment Agency today, in a meeting attended by [...]