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 [...]
BAE: British weapons maker launches in Ukraine and pens deals with Kyiv to help fight Kremlin September 1, 2023 British arms manufacturer BAE Systems has launched a legal entity in Ukraine and signed deals to help provide Kyiv with defence weapons and equipment. The firm said it will work directly with Ukraine on securing partnerships to produce 105mm light guns – artillery weapons. BAE is the biggest defence contractor in the UK and has [...]
Foreign aid isn’t free money, it should come with strings attached September 1, 2023 It’s right we stopped giving money to Uganda in response to draconian anti-homosexuality laws.
Direct Line agrees to major review after overcharging customers £30m September 1, 2023 Direct Line has agreed to a major review of pay redress to customers today after admitting an error in the calculation of new insurance rules meant it overcharged customers by some £30m.
Which rail workers are striking this weekend and how will it affect you? September 1, 2023 Workers across more than a dozen train companies are set to walk out this weekend, with major London hubs likes Euston and Waterloo set to be left empty. Swathes of the UK will have no train services running on Friday, amid the latest round of major coordinated transport strikes. Members of train drivers’ union Aslef [...]
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.
Banks raised savings rates to avoid ‘robust action’ from watchdog September 1, 2023 High street banks have been raising the rates on savings accounts after the City watchdog threatened to take action against firms.
Ofgem clamps down on generators gaming the system after £3bn hit to households September 1, 2023 Electricity generators will no longer be able to artificially inflate energy prices and drive up households bills.
Airlines are a victim of their own success in creating unstoppable demand September 1, 2023 Delays - yes, including those as a result of an erroneous flight plan - are a small price to pay for modern airlines.
