Royal Mail faces biggest strike of the summer as 115,000 posties gear up for action July 19, 2022 Royal Mail workers have voted in favour of strike action, the Communication Workers Union (CWU) confirmed this afternoon. Over 80,000 Royal Mail workers took to the ballot, with 97.6 per cent voting in favour of action on a 77 per cent turnout. The announcement means that Royal Mail now faces the biggest strike of the summer, with [...]
Heatwave: All trains suspended to and from Euston after electric cable comes down and causes fire July 19, 2022 Trains to and from Euston have been suspended after an overhead cable came down and caused a fire by the side of the track. Network Rail has urged passengers not to travel unless absolutely necessary after the London-Milton Keynes route was suspended on Tuesday. This comes after the UK recorded its first ever 40c temperature [...]
Mining giant BHP warns of continuing market volatility into 2023 July 19, 2022 Mining giant BHP has said it expects market volatility caused by inflationary pressures, labour shortages, and supply chain disruption to continue into 2023. In a trading update, the Australian firm said the war in Ukraine and the energy crisis in Europe will offset any positive economic impacts of China’s stimulus policies on global growth, as [...]
Government suffers setback as judge rules net zero plans are ‘unlawful’ July 19, 2022 Ministers will have to rewrite their plan for net zero carbon emissions, after the High Court determined the current strategy was 'unlawful'
Heatwave: London fire chief calls for urgent barbecue ban as blazes rage in record heat July 19, 2022 An urgent and immediate ban on disposable barbecues has been called for by the London Fire Brigade as multiple blazes rage across the country. The emergency service said it had attended more than 1,000 grass and open land fires since the start of June, as the UK recorded its hottest ever temperature today. The Brigade’s [...]
Amazon files lawsuit against 10,000 Facebook groups as battle with fake reviews continues July 19, 2022 Amazon has filed a lawsuit against more than 10,000 Facebook groups this morning in an attempt to crack down on fake reviews.
Celsius plans to mine more crypto to help fill £1bn balance sheet deficit July 19, 2022 Crypto lender Celsius has a $1.2bn (£1bn) hole in its balance sheet which it aims to fill by mining more crypto. The collapsed firm, which filed for Chapter 11 bankruptcy last week, owes $5.5b (£4.6bn) in liabilities and has $4.3bn (£3.6bn) in assets. Crypto assets, which have experienced a sharp crash in prices as part [...]
LV= faces pressure to say whether outgoing chief Mark Hartigan will take payout on exiting firm July 19, 2022 Critics have hit out at mutual insurer LV= over its refusal to say whether it will give outgoing chief executive Mark Hartigan a payout, following his exit from the firm. LV= has so far refused to say whether Hartigan will receive a payout or how much he might take, after the insurer on Monday announced [...]
Ocado Retail boss to step down as online grocer begins hunt for new CEO July 19, 2022 Ocado Retail has said its CEO Melanie Smith will step down next month, after three years at the helm of the business. Former deputy CEO of the company, Lawrence Hene, will take over on an interim basis while a hunt for a permanent replacement takes place. The supermarket has struggled with waning average basket spending [...]
EU braces for supply shortages amid growing doubts over Nord Stream gas flows July 19, 2022 The executive arm of the European Union has raised the prospect of supply shortages this winter, revealing it does not expect NS1 to come back online.