Government and major businesses work together to help households with cost of living July 21, 2022 The government will collaborate with leading businesses to help UK households facing the cost of living crisis, it said today. The Cost of Living Business Tsar and ex-chief of Just Eat David Buttress agreed retail deals and discounts with major businesses in the UK like Asda, Sainsbury’s, Amazon, and Vodafone as part of the Help [...]
Government repeals ‘1970s-style’ restrictions on strikebreakers July 21, 2022 Replacing striking staff with skilled agency workers will now be possible under the legal changes made by the UK Government. Approved by both Commons and Lords, the cross-sector changes will help ensure “crucial public services and people’s lives remain uninterrupted” by the strikes. The measure comes on the heels of a wave of industrial action [...]
Trading platform IG notches record revenues as US arm booms July 21, 2022 Online trading platform IG reported record profits and revenues today after booming growth in its US division Tastytrade.
‘Left in limbo’: Pubs and brewers disappointed as alcohol duty legislation pushed back July 21, 2022 Brewers and pubs have been “left in limbo” after the government has announced delays to the next phase of changes to the alcohol duty system. Draft legislation was set to be published this summer, to be consulted on before being introduced through the 2022/2023 finance bill. Ministers have been looking at how to introduce changes [...]
Cryptocurrency payments hold up despite harsh and merciless crypto winter July 21, 2022 Crypto payments have remained stable in the first half of this year, according to new research shared with City A.M. today. Compliance platform Deel said that cryptocurrency payment remained stable at 5 per cent of all global payments withdrawn monthly from the platform. In comparison, in the second half of last year 2 per cent [...]
London Stock Exchange ready to ‘fight’ for Arm listing, says boss July 21, 2022 The boss of the London Stock Exchange said the bourse was willing to “fight” to win the listing of British chipmaker Arm today after reports its Japanese owner Softbank has downed tools on a London listing.
Amazon snaps up One Medical in £2.9bn push into healthcare July 21, 2022 Amazon said it would be snapping up One Medical in a $3.49bn (£2.93bn) all-cash deal as the e-commerce giant pushes into health care.
Chaos after TfL backtracks on early closure of Central Line due to staff shortages July 21, 2022 Confusion reigned for Londoners this afternoon following TFL’s announcement the Central Line would close early due to staff closures – before uturning on the decision shortly after. Thousands of commuters were concerned as to how they might get home from the City, after an announcement by Transport for London (TFL) the line would shut by [...]
S4 Capital shares tank 40 per cent as Sorrell’s brainchild issues profit warning July 21, 2022 Shares in S4 Capital tanked over 40 per cent this afternoon after the advertising giant issued a profit warning.
Travellers to the UK will answer ‘suitability questions’ and undergo ‘automated border screening’ in new immigration plans July 21, 2022 Travellers to the UK will need to answer a set of “suitability questions” and have “automated border screening” without speaking to border force agents as part of the Home Office’s new immigration plans. Home Secretary Priti Patel set out the plans today as part of the country’s new “contactless” digital border. The Permission to Travel [...]