Windfarms on to a windfall through delaying start of contracts June 20, 2022 Offshore windfarms operators that delayed the start of their 'contracts for difference' would have made significantly greater profits this year;
Airlines blame ‘shambolic’ government Covid response for travel disruption June 20, 2022 The airline industry has blamed world governments’ “shambolic” response for the ongoing travel disruption. “The cost of government mismanagement was substantial. It devastated economies, disrupted supply chains and destroyed jobs,” Willie Walsh, director general of the International Air Transport Association (IATA), said today during an industry summit. According to Willie Walsh – former chief executive [...]
UK to take ‘back seat’ as EU leads the way for Big Tech regulation June 20, 2022 Departing chief of the UK competition watchdog has warned that the UK risks falling behind its European cousins after the government backtracked on giving the regulator enhanced powers to hold Big Tech to account. Speaking to the Financial Times, Andrea Coscelli said that the UK will become a “rule taker” rather than leader in this [...]
Tesco Mobile set to introduce EU roaming charges despite initial claims it wouldn’t June 20, 2022 Tesco Mobile have announced they will introduce EU roaming charges from 2023 onwards as telecom giants grapple with a post-Brexit landscape.
Retail chiefs to meet with Treasury amid fears of fading interest in online sales tax June 20, 2022 Top retail bosses will meet with a Treasury minister later this week with the hopes of reigniting government interest in launching an online sales tax and reforming the current rates system. According to a report by Sky News, executives from retail powerhouses including Amazon, Asda, ASOS, Currys and JustEat Takeaway, are to meet with the [...]
Petrol prices climb to new records despite dip in oil prices June 20, 2022 Petrol prices hit a new record yesterday, despite a fortnight of falling wholesale costs, triggering intense criticism from UK motoring groups.
Rank Group warns over profits for second time in three months as people stay away from casinos June 20, 2022 Gambling giant Rank Group has warned investors profits will be hit following a "considerably weaker-than-expected" recovery from the pandemic.
Swissport threatens to sue as hubs axe hundreds of flights June 20, 2022 Airport service provider Swissport has threatened to take airports to court following the ongoing reduction in the number of daily flights at European hubs. “I think that there’s going to be some challenges, I suspect legally, to putting caps on airlines,” said chief executive Warwick Brady. “We recruited enough people for the summer schedule and they [...]
Housebuilders tank on stock market with investors ‘nervous’ about mortgage rates June 20, 2022 Housebuilders lead the London Stock Exchange’s top fallers today, after the latest house price data cautioned the tightening of purse strings amid a cost of living crisis. Barratt Developments and Berkeley Group led the descent, falling a little over four per cent each. While Persimmon dove 3.7 per cent, Ashtead slipped 2.8 per cent and [...]
Rates will need to rise faster to prevent sticky inflation, BoE official warns June 20, 2022 Interest rates will need to rise faster to stop inflation from being “embedded” in the UK economy over the long-run, a top Bank of England official warned today. Catherine Mann, a member of the Bank’s nine-strong rate setting committee, said “a robust policy move… reduces the risk that domestic inflation already embedded is further boosted [...]