Labour’s first female general secretary Margaret McDonagh dies aged 61 June 24, 2023 Margaret McDonagh, Labour’s first female general secretary, has died at the age of 61. The politician, who sat in the House of Lords as Baroness McDonagh, was described as an “unstoppable force of nature” and a “tireless champion for women” as tributes were paid on Saturday. Labour leader Sir Keir Starmer hailed her “absolutely essential” [...]
Chechen leader says his forces are ready to help put down Wagner mutiny June 24, 2023 Chechen leader Ramzan Kadyrov said on Saturday his forces were ready to help put down a mutiny by Wagner mercenary chief Yevgeny Prigozhin and to use harsh methods if necessary. Kadyrov in a statement posted on Telegram called Prigozhin’s behaviour “a knife in the back” and called on Russian soldiers not to give in to [...]
Bank of England tells insurers to brace for persistent ‘claims inflation’ June 23, 2023 Insurers must rigorously assess the impact on their solvency of the rising cost of settling car, property and other claims and ensure they have sufficient reserves, the Bank of England told the sector on Friday.
Ex Asda boss: Cutting prices for cash-strapped Brits is ‘very important’ after Sunuk plea June 23, 2023 Supermarkets regard cutting prices as “very important”, according to a former boss of Asda, after the Prime Minister warned retailers about pricing “responsibly and fairly”. Andy Clarke, who served as Asda’s chief executive officer between 2010 and 2016, said the big chains were “heavily focused” on competitive pricing as the industry hit back over suggestions [...]
GSK settles lawsuit over heartburn drug Zantac with alleged cancer links but ‘admits no liability’ June 23, 2023 Pharmaceutical giant GSK has revealed it has settled a lawsuit relating to discontinued heartburn drug Zantac, which was alleged to be linked to cancer. Shares in GSK jumped after it said an upcoming trial was cancelled but that it does not admit liability. The company hit back at allegations last year that the use of [...]
Lidl gets injunction over Tesco trademark infringement – and it could cost UK’s biggest grocer £8m June 23, 2023 German-owned discount supermarket Lidl can have an injunction to stop rival Tesco copying its logo, London’s High Court has ruled, despite hearing it will cost Tesco nearly £8m pounds to remove them all. Britain’s biggest retailer Tesco in April lost a trademark lawsuit brought by Lidl after Tesco adopted a yellow circle against a blue [...]
Wall Street drifts after Bank of England hikes interest rates again June 23, 2023 Stocks drifted to a mixed finish on Wall Street on Thursday as central banks around the world keep cranking interest rates higher in their fight against inflation. The S&P 500 rose 16.20 points, or 0.4per cent , to 4,381.89, even though the majority of stocks fell. A rebound for technology stocks helped to overshadow losses [...]
CMA blocks tie-up of hearing aid giants citing bid to protect consumers and the NHS June 22, 2023 The competition watchdog said it was protecting customers and the NHS on Thursday as it blocked part of the planned tie-up between two hearing aid companies. The Competition and Markets Authority (CMA) said that it would not allow the merger of Cochlear Limited and Oticon Medical to go ahead. Cochlear agreed to buy Oticon from [...]
Andrew Bailey under fire from Government and City analysts ahead of rate hike June 22, 2023 Andrew Bailey and the Bank of England have been criticised for moving too slowly to clamp down on inflation
Happening today: All you need to know as the Bank of England set to raise rates again June 22, 2023 The Bank of England is poised to raise interest rates for the 13th time in a row after disappointing inflation figures showed price rises have not eased. The UK’s Consumer Prices Index (CPI) was unchanged in May at a rate of 8.7 per cent , according to the Office for National Statistics. It came in [...]
