Tube and rail strikes THIS WEEK: How will industrial action affect London commuters and hospitality? March 11, 2023 Parts of Britain’s rail network – including London’s underground system – will be closed during next week’s Budget day strikes, bringing the country to a standstill and hitting hospitality hard. Hospitality bosses have warned the impact of the strikes will hit pubs, bars and restaurants hard, with an estimated £2.5bn having already been lost in [...]
Sunak and Macron strike deal: Britain to pay France £500m in bid stop small boat Channel crossings March 10, 2023 Britain will pay France nearly half a billion pounds over the next three years to step up efforts to prevent small boats from crossing the Channel, Rishi Sunak has announced. The Prime Minister committed to sending Paris £478 million (541 million euro) to fund a new detention centre in France and hundreds of extra French [...]
BP boss Looney’s pay doubles to £10m – 170 times more than his average employee March 10, 2023 The boss of BP earned more than 170 times more than his average employee last year as his pay doubled to around £10 million after the company benefited from the Russian full-scale invasion of Ukraine. New figures from the oil giant showed that Bernard Looney’s total pay packet increased from around £4.5 million in 2021. [...]
FirstGroup: Train and bus giant’s profits surpass targets as share price edges higher March 10, 2023 Transport operator FirstGroup said profits for the year are set to surpass previous targets after a pick up in bus and train demand. The firm, which runs TransPennine Express, saw shares edge higher after it said adjusted operating profits for the 2023 financial year will be above previous guidance. It said this comes after increased [...]
EU nations agree deal to reduce energy consumption by almost 12 per cent March 10, 2023 European Union member countries and negotiators from the EU Parliament have agreed on a provisional deal aimed at reducing energy consumption across the 27-nation bloc. Under the agreement, EU countries must achieve the goal collectively to ensure a reduction of consumption of at least 11.7 per cent compared with the forecasts for 2030 made three [...]
‘Single largest heist in history of the world’: Ex Goldman banker jailed for 10 years over 1MDB Malaysia looting plot role March 10, 2023 A former Goldman Sachs banker has been sentenced to 10 years in prison for his role in looting a Malaysian development fund of billions of dollars used to finance lavish parties, a superyacht, premium real estate and even the 2013 film The Wolf Of Wall Street. Roger Ng was convicted last April by a US [...]
Boris Johnson should ‘absolutely not’ hand honour to his dad, immigration minister Jenrick says March 10, 2023 Immigration Minister Robert Jenrick has said prime ministers should “absolutely not” hand honours to family members in response to reports Boris Johnson plans to include his father on his resignation honours list. Appearing on BBC Question Time on Thursday night, the Conservative MP was prompted to address the topic when a member of the audience [...]
Wall Street stocks tumble: Why Bank of America and Citigroup have been hardest hit after Fed chair Powell’s testimony March 10, 2023 Stocks stumbled on Wall Street on Thursday and added to the week’s losses as markets remain anxious about the prospect of more aggressive action by the Federal Reserve to fight inflation. Major indexes started the day higher and gradually lost ground until they fell sharply in late trading. The S&P 500 fell 73.69 points, or [...]
SFO under fire for ‘huge mistakes’ and wasting millions of taxpayers’ cash in 10-year probe of G4S March 10, 2023 The Serious Fraud Office (SFO) has come under fire for wasting millions of pounds of taxpayers’ money and making “huge mistakes” in its 10-year investigation into G4S’s electronic tagging arm as charges against three former executives were dropped. In September 2020, former managing director Richard Morris, former commercial director Mark Preston and former finance manager [...]
HS2 at risk of being ‘dismembered’ and never resurrected, peers warn government March 10, 2023 HS2 is at risk of being “dismembered” and never resurrected after further delays were announced by the Government, peers have heard. Cost-saving measures mean the construction of the Birmingham to Crewe leg of HS2 will be delayed by two years and services of the high speed rail line may not enter central London until the [...]
