Heatwave: Severe delays on almost all tube lines as journeys down by 18 per cent from last week July 18, 2022 Londoners have stayed at home to avoid the extreme heat and travel disruption, with a marked decline in the number of journeys made today. London Mayor Sadiq Khan warned the train network would be operating with speed restrictions, which may cause delays, and commuters should consider working at home. On Monday morning, a number of [...]
Dark clouds gather over the City as staggering 136 London-listed companies issue profit warnings July 18, 2022 As cost inflation bites and more and more Brits start thinking about their spending, a growing number of London-listed companies have issued a series of profit warnings this year. In fact, the number of firms which issued the warnings – always a headache for shareholders – jumped by 66 per cent in the first six [...]
Gas prices could be separated from renewables in market shake up to lower energy bills July 18, 2022 Gas prices could be separated from the costs of electricity produced by renewables, radically reducing the UK's exposure to volatile gas markets.
Streaming subscriptions continue to dwindle as Brits feel the pinch July 18, 2022 The downward spiral for streaming continues this quarter as more and more Brits cancel their subscriptions.
Heatwave: Brits shun high street as businesses close to protect staff from scorching temperatures July 18, 2022 Brits have shunned the high street today as temperatures are expected to hit 40 degrees on Monday, while some businesses in London have closed. Office workers have shunned their workplace air-con and opted to avoid sweltering public transport, Springboard’s footfall figures reveal. Springboard’s ‘back to the office’ benchmark for central London office hubs shows that [...]
More than 40,000 BT workers will strike at the end of the month July 18, 2022 BT workers will go on strike on the 29 July and 1 August, the Communication Worker Union (CWU) have confirmed. Announcing the news this afternoon, the union said action may cause “significant issues” for remote workers and would have a “serious effect” on the roll-out of ultra-fast broadband. CWU general secretary Dave Ward said in [...]
UK accounting watchdog calls on top auditors to put in place measures to stop cheating on exams July 18, 2022 The UK’s accounting watchdog has called on the country’s major audit firms to put measures in place to prevent employees from cheating on exams. Following a series of high-profile cheating scandals in Canada, Australia and the US, the UK’s Financial Reporting Council (FRC) has told British auditors to set out their plans to prevent similar [...]
Ageing society will lead to decades of weak growth, BoE official warns July 18, 2022 An ageing society will leave the UK economy permanently weaker over the coming decades, an official at the Bank of England said today. Speaking at the Resolution Foundation, Michael Saunders, an outgoing external member of the Bank’s monetary policy committee (MPC), warned Britain will “face increasing challenges from demographic change, because population ageing appears likely [...]
H&M to wind down business in Russia after reopening stores to get rid of clothes July 18, 2022 The world’s second-largest fashion retailer H&M has said it will start winding down business in Russia, citing “the unpredictability of the future.” The Swedish clothing chain also blamed “current operational problems,” after it suspended sales in the country on 2 March. It is the latest firm to confirm a more permanent withdrawal of business in [...]
Johnson Matthey unveils plans to build £80m hydrogen gigafactory to boost energy ambitions July 18, 2022 Johnson Matthey has revealed plans to build an £80m gigafactory at its site in Royston, as it looks to to scale up hydrogen fuel cell manufacturing.