Energy firms split as Ofgem boss calls for price cap rethink August 15, 2023 Energy bosses are split over the role of the price cap in the UK's retail market, with a seeming rift between challengers and the Big Six.
Liberty Global inks €1.5bn deal with IT giant Infosys to scale up Horizon entertainment platform August 15, 2023 International telecoms firm Liberty Global (LG) has struck a €1.5bn (£1.3bn) deal to outsource its Horizon entertainment platform to Indian IT consultancy Infosys. The two corporate giants are poised to collaborate over a five-year period, with Infosys helping Liberty Global expand its Horizon entertainment platform, a TV and video streaming service used by over 10m. [...]
Natwest gets slap on the wrist after flouting customer service rules August 15, 2023 Natwest and the Co-Operative Bank have been given a slap on the wrist by the competition watchdog today after potentially misleading customers over the quality of service they were receiving. In letters to the two banks today, the Competition and Markets Authority said Natwest and Co-Op Bank had both breached part three of the Retail [...]
FCA: One in 10 interest-only mortgage holders may be ‘overly optimistic’ on debt August 15, 2023 One in 10 interest-only mortgage holders might be “overly optimistic” about paying off their debt when the time comes, the City watchdog has suggested.
All eyes on former hydrogen darling ITM Power’s results amid turbulence for green tech players August 15, 2023 ITM Power will finally unveil its results on Thursday this week, with the troubled hydrogen specialist delaying the announcement this summer.
Over-50s skills gap persists as unemployment increases August 15, 2023 Skills bootcamps schemes are failing to get over-50s back onto payrolls, despite ministers prioritising older Brits returning to the workforce. Labour accused the government of not helping enough over-55s to retrain and claimed older workers were “abandoned to the scrapheap”, making up just one in 20 reskilling trainees. Adults aged 55 to 67 make up [...]
Yet more rail strikes have been announced – here’s all you need to know August 15, 2023 Commuters are to face yet more misery from rail strikes this August after the Rail, Maritime and Transport Union (RMT) announced fresh industrial action last week. 20,000 RMT members from a host of train operators nationwide will walk out, disrupting the UK’s rail network on dates that coincide with the August Bank holiday weekend. The [...]
Harrods hails rise in profit as iconic London store recovers from pandemic lull August 15, 2023 Harrods, the world famous department store in Knightsbridge, recorded a profit for the year ending January 2023, as the iconic London shop fully rebounded from the pandemic lull. Luxury shoppers keen to blow their cash in the capital helped hike operating profits at Harrods to £202.7m up from a weak £71.4m the prior year. The [...]
Rise of the ‘finfluencers’: Instagram, Facebook and Reddit drive investment ideas in young people August 15, 2023 Young people are increasingly turning to social media for investment ideas even as the Financial Conduct Authority (FCA) starts to whip out regulation on the field of finance influencers – or ‘finfluencers’ as they are often known as. Over a fifth of investors ages between 18 and 34 are taking investment advice such as stock [...]
Would CVC ever consider a London listing? August 15, 2023 Buyout giant CVC is reported to have revived its listing plans in recent weeks and is heading for a blockbuster float on Amsterdam’s Euronext bourse.
