Johnson Matthey share price up 13 per cent after investment firm doubles stake in British chemicals maker September 1, 2023 Shares in Johnson Matthey jumped almost 13 per cent on Friday after the investment arm of New York-based industrial firm Standard Industries nearly doubled its stake in the British chemicals maker to 10 per cent, making it the largest shareholder. Standard Latitude Master Fund had taken a 5.2 per cent stake in Johnson Matthey in April last year and spurred speculation that it [...]
Compensation cap for severe weather power loss upped from £700 to £2,000 as ‘lessons learned’ by Ofgem September 1, 2023 The compensation cap for households and businesses that lose power in severe weather has increased from £700 to £2,000 after “lessons learnt” in the aftermath of Storm Arwen. Under Ofgem’s new rules, the initial payment will also increase, from £70 to £80, if a customer’s supply is not restored after 24 hours in a category [...]
UK house prices drop by 0.8 per cent as ‘softening’ of growth at weakest since 2009 September 1, 2023 Nationwide said house prices are now 5.3 per cent below their August 2022 peak, while the average property value is now £259,153.
Easyjet boss calls for independent review into air traffic control failure August 31, 2023 The boss of Easyjet has demanded that a “full independent review” is launched into the air traffic control failure.
Stop the boats? Russia warships tracked by RAF and Royal Navy after sailing through English channel August 31, 2023 Royal Navy warships and RAF patrol aircraft have tracked a series of Russian warships as they travelled close to the UK including through the English Channel. HMS Tyne, HMS Portland and P8 Poseidon aircraft from RAF Lossiemouth carried out the monitoring operation of the Russian navy movements in waters close to the UK including in [...]
Elon Musk’s Tesla under investigation over ‘rosy’ vehicle distance claims August 31, 2023 Federal prosecutors are looking into Tesla performance claims after suggestions the electric carmaker exaggerated the potential driving distance of its vehicles, the Wall Street Journal reported on Wednesday. Reuters reported in July that Tesla cars often fail to achieve their advertised range estimates and projections reported by the cars’ own equipment, citing experts who tested or studied [...]
Business leaders call on ministers to cut tax on clean fuels to replace diesel August 31, 2023 Business leaders and environmental campaigners have called on the government to cut duties on clean replacements for diesel. In a letter to transport minister Jesse Norman, a group of more than 30 signatories warned of the “urgent imperative” to reduce harmful pollutants in the atmosphere. Industry leaders argued that the government should support cleaner fuels [...]
Ebike rental firm looks to capitalise on ULEZ with discount deal August 31, 2023 Drivers of polluting cars may have a new, two-wheeled option to get around the new £12.50 ULEZ charge after one of the city’s growing army of rental bike firms began offering a discount rate on its ebikes. Swapfiets – Dutch for swap bikes – has dropped the cost of monthly rental of its high-end ebikes [...]
Pret A Manger fined £800,000 after employee became stuck in freezer August 31, 2023 Pret A Manger has been fined £800,000 after one of its workers was left fearing for her life while stuck in one of its freezers. Westminster City Council said the employee became trapped in the walk-in commercial freezer, which typically has its temperature set at -18C, for two and a half hours while working at the [...]
Superdry shares suspended after audit delays August 30, 2023 Fashion business Superdry has had its shares suspended after delays to publishing its latest financial results.
