Oxford Biomedica extends deal with AstraZeneca to make Covid vaccines beyond 2022 July 1, 2022 Oxford Biomedica have inked a new three-year agreement to make AstraZeneca's COVID-19 vaccine beyond 2022.
Kremlin orders seizure of gas facility which Shell has 27 per cent stake in worth £3.4bn July 1, 2022 Russia’s President Vladimir Putin has ordered the seizure of a gas facility in the county which UK firm Shell has a 27 per cent stake in. The Kremlin signed a decree to take control of rights of the Sakhalin-2 plant, which will be transferred into Russian hands. This comes as Moscow continues to come under [...]
Taxpayers to foot extra £27.3m bill for Royal Family even as cost of living soars July 1, 2022 UK taxpayers will pay an extra £27.3m over the next two years for the Royal Family even as a cost of living crisis grips the country. The additional amount is to help the Royal Family meet expenses after a drop in profits at the Crown Estate, Bloomberg reported on Thursday. The Royals spent £102.4m in [...]
Lewis Hamilton calls for Bernie Ecclestone and Sir Jackie Stewart to be censored after Nelson Piquet’s racial slur July 1, 2022 Formula One legend Lewis Hamilton believes Bernie Ecclestone and Sir Jackie Stewart should be censored, as he declared “enough is enough” after Nelson Piquet’s racial slur. The seven-time world champion was speaking ahead of this weekend’s British Grand Prix – days after 69-year-old Piquet’s offensive reference to Hamilton emerged from a podcast recorded last November. [...]
Shares plunge for Aston Martin after car maker said it was considering all options amid Saudi funding rumours July 1, 2022 Shares in luxury carmaker Aston Martin plunged 14 per cent yesterday after it said it was considering options after rumours that Saudi Arabia’s sovereign wealth fund was eyeing an investment. As first reported by trade publication Autocar, Aston Martin is considering sale of equity in return for an infusion of as much as £200m. It [...]
Pressure grows on Boris Johnson to expel ex-Tory deputy chief whip Chris Pincher after bizarre drunken assault July 1, 2022 Pressure is growing on Prime Minister Boris Johnson this morning to expel the former Tory deputy chief whip from the party after he dramatically quit following a drunken incident. Chris Pincher, who was responsible for maintaining discipline among Conservative MPs, said he had “embarrassed myself and other people” after having had “far too much” to [...]
Longer and more frequent ads: Ofcom weighs up advert rules as the UK eyes American model to stay competitive July 1, 2022 Ofcom said it may extend the time and frequency allowed for advertising breaks on UK TV as the watchdog eyes up an American-style model. As part of a review of broadcasting rules, the change could mean Brits have to see more ads, with less time in between them. Current rules set by Ofcom mean that [...]
UK Infrastructure Bank kicks off with £5bn war chest as first loan investments are handed out July 1, 2022 The National Audit Office (NAO) revealed this morning that the new UK Infrastructure Bank has a pipeline of future deals worth £5bn. A report by the NAO said the state-owned bank, which was set up last June to support economic growth in regional sectors across the UK, has already started handing out investment despite some [...]
Boost for Global Britain as UK exports to EU defy Brexit challenges and hit highest level ever July 1, 2022 New ONS data shows that British exports to the EU reached their highest ever level due to rising exports of fuels as the bloc continues to import substantial quantities of LNG. Goods exports to the EU reached £16.4bn in April 2022, their highest level in current prices since the series began in 1997. Meanwhile, the [...]
Mortgage costs expected to grow by another £2,500 as inflation spirals July 1, 2022 The cost of a mortgage is expected to grow by another £2,500 by the end of this year, in comparison with December 2021, according to property site Zoopla today. Economists anticipate “sharp” hikes to mortgage rates in the coming months, as the Bank of England seeks to tame spiralling inflation, which is already at 9.1 [...]