Mike Ashley’s Frasers Group snares stake in Australian fashion marketplace as retail swoop continues June 30, 2022 Mike Ashley’s retail empire has nabbed a 29 per cent stake in Australia’s fashion platform MySale. Frasers Group has snared a 28.7 per cent holding in MySale, in its latest retail swoop, it announced on Thursday morning. My Sale puts global buyers in touch with sellers to Australian and New Zealand e-commerce sites. London-listed Frasers [...]
Chrysalis shares plunge amid tech sell-off frenzy June 30, 2022 Asset manager Chrysalis saw its share price plunge in the first half of the year after its tech heavy portfolio was battered by soaring inflation and a sharp fall in valuations.
EU consumer groups come after Google for account sign-up settings in GDPR row June 30, 2022 A European coalition has come after Google for harvesting user data via account sign-ins and undermining General Data Protection Regulation (GDPR).
UK more likely than US and Europe to tip into recession, Goldman Sachs warns June 30, 2022 The UK is more likely to tip into recession than the US and Europe due to the country suffering from a more “acute” cost of living crisis, a top Wall Street investment bank has warned. Rampant inflation in Britain, running at a four decade high of 9.1 per cent and the highest in the G7, [...]
UK set to cut food tariffs to ease cost of living pressures June 30, 2022 The UK is set to cut tariffs on imported food in a bid to ease the cost of living crisis, Boris Johnson has said. The Prime Minister said products the UK does not produce – like oranges, rice, olives and bananas – could see price cuts in the coming months by slashing tariffs on foreign [...]
‘Total mayhem’ at Heathrow as dozens of flights are dropped without notice leaving furious passengers stranded at check-in June 30, 2022 It is currently “total chaos” at Heathrow Airport, according to dozens of passengers, as Britain’s largest airport ordered dozens of flights to be cancelled because it could not handle them. Thousands of travellers were disrupted by a rare “schedule intervention” which led to the scrapping of 30 flights during the morning peak. Some passengers did [...]
AXA UK Chairman Scott Wheway steps down with Mark Pain appointed June 30, 2022 AXA UK plc announced that Chairman of the Board Scott Wheway is stepping down today. Non-Executive Director Mark Pain will serve as Chairman from tomorrow. Wheway was appointed as Chairman in December 2017 while Pain was appointed to the Board in December 2018. He is Chairman of the Risk Committee and Senior Independent Director Wheway said [...]
Camelot’s National Lottery damages claim could drain £600m out of good causes says Gambling Commission June 30, 2022 Gambling Commission Chair Andrew Rhodes has admitted that damages for the National Lottery competition process may come from good causes, potentially sucking £600m from sports and arts funding. It comes after the High Court found in favour of the gambling regulator after the Camelot chief executive Sir Nigel Railton launched legal action claiming the body had [...]
Ryanair and pilot union Balpa reach agreement on post-Covid pay restoration June 30, 2022 Ryanair and UK pilot union Balpa have today reached an agreement on post-Covid pay restoration, after staff agreed to a 20 per cent salary cut during the peak of the pandemic. The airline pledged to pay restoration for its UK staff, as it forecasts this year it will grow by 115 per cent on pre-pandemic [...]
Bitcoin price to start recovery after final ‘washout’ of crypto winter, says Fundstrat June 30, 2022 Bitcoin could face one more crash before its price recovers. A final ‘washout’ could send the price of the biggest cryptocurrency plummeting to $13,000 before it starts to go up, analysis by financial research firm Fundstrat found. Bitcoin is currently trading around $20,000. “Most short-term technicals point to an above-average chance of a final ‘washout’-style [...]