City watchdog tables fresh employment terms and pay rise to staff in bid to settle dispute March 1, 2022 The City watchdog has offered its workers a fresh employment package in a bid to resolve a long-running dispute over pay, it announced today. Some of the lowest paid employees at the Financial Conduct Authority (FCA) will receive an at least £4,300 wage bump, while workers that meet performance targets will get a £5,500 pay [...]
Park Plaza hotel operator warns of ‘quite severe’ staff shortages in London March 1, 2022 Park Plaza hotel operator PPHE has reported revenue recovering to 39.5 per cent of 2019 levels as it warns of “quite severe” staff shortages in the coming months. Shares in the company dipped slightly on Tuesday morning after PPHE announced a 38.9 per cent total revenue increase to £141.4m for the financial year ended 31 [...]
Government releases £150m bus funding package March 1, 2022 The government has released the £150m final tranche of pandemic-related support for buses and light railway services. Part of a £2bn package set up by the government during the pandemic, the funding is expected to run until October 2022, helping more than 160 operators with services. “The funding I’ve announced today will ensure millions of [...]
UK’s biggest energy port confirms restrictions on Russian ships March 1, 2022 The UK's biggest energy port will not allow entry to any ships owned, registered or controlled by Russia - or flying the country's flag.
Grant Shapps expresses frustration at London tube strikes March 1, 2022 Transport secretary Grant Shapps expressed today its frustration at the today’s Tube strike, which has created havoc across the whole of London. Shapps urged London mayor Sadiq Khan and Transport for London (TfL) to resolve the dispute with the National Union of Rail, Maritime and Transport Workers (RMT) as soon as possible, while calling on [...]
Telecom Italia set to propose alternative to £9bn KKR takeover swoop March 1, 2022 Telecom Italia is gearing up to offer an alternative to US fund KKR's hefty €10.8bn (£9bn) takeover bid.
‘Humanitarian catastrophe’ looming in Ukraine as Russia attacks men, women and children, UK envoy warns March 1, 2022 Ukraine is on the brink of a “humanitarian catastrophe”, Britain’s UN Ambassador Dame Barbara Woodward has warned an emergency meeting of the Security Council. As Russia continues its assault on the eastern European country, Dame Barbara was among those at the UN to accuse the Kremlin of launching “indiscriminate attacks against men, women and children” [...]
Johnson accuses Putin of ‘indiscriminately killing children’ as Russia accused of war crimes March 1, 2022 Boris Johnson has accused Vladimir Putin of indiscriminately “sending missiles into tower blocks to kill children” as evidence of widespread Russian war crimes against Ukrainians begins to mount. The Prime Minister today said after a meeting with Polish PM Mateusz Morawiecki that “I’m more convinced than ever as this hideous conflict progresses that Putin will [...]
Russian miners Evraz and Polymetal set to fall out of FTSE 100 in quarterly shake up March 1, 2022 London listed Russian mining firms Evraz and Polymetal are set to be shuffled out of the FTSE 100 tomorrow in the index’s quarterly review.
Slater & Gordon cuts divorce fees in half ahead of new laws allowing for ‘no-fault divorce’ March 1, 2022 Slater & Gordon has halved the price of getting a divorce, in preparation for the introduction of new laws allowing for “no fault divorce” next month. The law firm said it would cut fixed fees charged to those seeking a divorce from £1,020 to £540, plus court fees. The decision comes as the government [...]