Tory leadership: MPs call for an end to ’embarrassing’ attacks July 25, 2022 Tory MPs called for an end to bruising personal attacks in the party’s leadership race today as the battle between Liz Truss and Rishi Sunak became even nastier. Culture secretary and Truss supporter Nadine Dorries launched an attack on Sunak’s immense wealth earlier today, tweeting that the ex-chancellor visited “Teesside in Prada shoes worth £450 [...]
Business rates: Thousands of businesses go bust whilst waiting for rebates July 25, 2022 Thousands of business sites have foundered in while waiting for rebates over property taxes, according to new data. Research by real estate advisory firm Altus Group has showed that 3,165 business premises, including offices, factories, shops, pubs and restaurants, entered insolvency whilst they were awaiting the result of a business rates challenge. Business rates are [...]
UK competition watchdog launches inquiry into £5.4bn Inmarsat takeover July 25, 2022 The UK’s competition watchdog has launched an inquiry into the £5.4bn takeover of UK satellite giant Inmarsat by a US rival Viasat. The merger would fuse British and US expertise in the satellite space, a sector traditionally dominated by the States. However, it has the potential to raise substantially reduce the amount of competition in [...]
National Grid blames fires and tight markets for desperate supply scramble amid heatwave July 25, 2022 Tight markets and fires in East London forced the National Grid to pay record prices for energy from Belgium to prevent power outages.
New York law firm struggles to find firm to process fee payments from sanctioned VTB Bank July 25, 2022 The law firm acting on behalf of VTB Bank has asked for more time to file its case, after warning that at least three financial institutions have refused to process legal fee payments from the sanctioned Russian bank, even after being assured that processing the payments would be legal. The New York law firm Brafman [...]
Avert economic damage rail strikes will cause, say London businesses July 25, 2022 London businesses have called on unions, operators and the government to find a solution to the ongoing railway strikes “and avert the economic damage” they will cause. “The week-long rail disruption in June caused footfall in the capital to drop by up to a quarter compared to the previous week,” Ruth Duston – chief executive [...]
Lastminute.com: CEO and COO arrested over covid fund misuse claims July 25, 2022 Lastminute.com has appointed an interim CEO following the dramatic arrest of its two directors in Switzerland. The online travel company was rocked on Monday when Fabio Cannavale (CEO) and Andrea Bertoli (COO) were held by Swiss authorities, under investigation for allegedly misusing Covid support funds. In a statement issued on Monday, the company said it [...]
TalkTV reaches only three per cent of Brits despite hefty investment July 25, 2022 TalkTV reaches only three per cent of the UK viewing population per month for an average visit length of eight seconds, according to data from Broadcasters’ Audience Research Board (BARB). As first reported by the Press Gazette, the Rupert Murdoch-backed channel has struggled to get off the ground, despite heavy investment in studio space and big [...]
All eyes on Silicon Valley as Big Tech braces itself for a tense earnings week July 25, 2022 2022 has undoubtedly been a year of turbulence for tech stocks, battling major sell-offs and supply chain woes.
‘Crumbling’ court buildings are worsening case backlog as repair works see more than 100 sitting days lost July 25, 2022 The Law Society has called for “widespread investment” in the criminal justice system after it was revealed that more than 100 court sitting days were lost in the first six months of 2022 due to repair works in England and Wales’ “crumbling” Crown Court estate. As of the end of June, 111 court sitting days [...]