Matt Hancock calls for ‘attractive’ tax regime to boost UK crypto sector June 23, 2022 Matt Hancock has called for the introduction of an “attractive” tax system and “liberal” regulatory regime to help the UK become "the jurisdiction of choice for crypto".
Warehouse robots firm BotsAndUs ready for global push after $13m seed funding June 23, 2022 London robotics firm BotsAndUs said it was readying an international expansion today after closing a $13m funding led by European venture outfit Lakestar.
Shares plunge for Naked Wines after bleak sales guidance warning June 23, 2022 Naked Wines’ shares tumbled by around 40 per cent on Thursday after the online wine retailer warned its sales would take a hit this year. The London-listed retailer cautioned its shareholders that sales could plunge by as much as four per cent in the year to the end of March. Naked Wines would “not pursue [...]
‘Boring’ breakthrough: Tunnel-making machine completes 6.7km journey under south London June 23, 2022 The first of five drives by four tunnel boring machines in London was completed yesterday, travelling 6.7km underneath the capital. A team of ‘boring’ National Grid workers marked the completion of its journey across south London, with the breakthrough in Eltham. The London Power Tunnels project started in July last year reaching depths of 50m [...]
Netflix eyes advertising deals as video streamers clamber for subscribers June 23, 2022 Netflix is on the road to advertising partnerships, said co-CEO Ted Sarandos, as the streaming giant works out how to salvage subscriber numbers.
Chinese firm that owns Lloyd’s building brings in architects to draw up plans if insurer leaves June 23, 2022 The Chinese insurance giant that owns Lloyd’s of London’s City headquarters has brought architects into the Grade I listed building to come up with ideas for what to do with it if Lloyds decides to leave. China’s biggest insurer Ping An – which bought the Lloyd’s building for £260m in 2013 – has brought in [...]
Rampant inflation swells UK debt interest bill and pushes up government borrowing June 23, 2022 Inflation is swelling the UK’s interest bill and forcing the government to borrow more money to pay investors, official figures released today revealed. The amount of money the government paid to holders of UK debt jumped just over 70 per cent over the last year, reaching £7.6bn in May, up from £4.5bn last year, according [...]
Johnson says it’s ‘crazy’ to think he’ll quit if he loses today’s by-elections June 23, 2022 Boris Johnson has said it is “crazy” to suggest he should quit if the Tories lose two key by-elections today. Voters will go to the polls in Wakefield and Tiverton and Honiton, with the Conservatives increasingly expected to lose both seats. The Tories hold only a small majority in Wakefield, with Labour expected to turn [...]
Fuel hikes could push taxi drivers into insolvency June 23, 2022 The surge in fuel prices could push taxi drivers into bankruptcy, according to data from London insolvency firm Company Debt. Despite falling wholesale costs, fuel at the pump went up to 189.84p on Wednesday, while diesel reached 198p a litre, one step closer to approaching the £2 a litre mark. Company Debt reported that that [...]
Nike confirms complete exit from Russia June 23, 2022 Sports brand giant Nike has formally exited Russia due to the ongoing war in Ukraine, three months after suspending operations. The US company, famous for its tick logo, said the delay in quitting completely was because it was “responsibly” scaling down its operations, in order to protect employees. This comes after Nike, which sponsors athletes [...]