British businesses most optimistic in over a year but London firms sweat over inflation June 30, 2023 British business optimism has climbed to its highest level in over a year despite consumers retreating in response to rising prices and the Bank of England’s aggressive interest rate rises, a survey out today reveals. UK business confidence climbed nine points to 37 per cent in June, taking it up to its highest level since [...]
As the Financial Services and Markets Act becomes law – here are the 5 things you need to know June 30, 2023 The Financial Services and Markets Bill received royal assent yesterday, securing the passage into law of the government’s landmark overhaul of financial services regulation. The government claims the reforms enable the UK to capitalise on ‘Brexit freedoms’, unlocking billions of pounds which could be directed to investment in the UK. In short, the act empowers [...]
Airlines getting off scot-free with no fines issued for decades, says Which June 30, 2023 Airlines are getting off scot-free from penalties with no fines having been issued due to regulatory action in two decades, according to the consumer group Which. Which said Britain’s aviation watchdog – the Civil Aviation Authority (CAA) – should be doing more to “name and shame” airlines, withdraw licences and pursue action “in the courts” [...]
Vodafone CEO: A merger with Three isn’t a threat to national security or competition June 30, 2023 Vodafone chief executive Ahmed Essam has defended plans to merge with Three.
Yes, we should be building more tall buildings in London June 30, 2023 There’s no point opposing tall buildings for a place like London if we want people to move here and grow the city, writes Akhila Jayaram
Is the era of ESG investing over? June 30, 2023 Battered by inflation and economic turmoil, ESG funds have to prove their worth again.
Yorkshire Water raises £500m from shareholders amid Thames Water troubles June 29, 2023 Yorkshire Water has raised £500m from shareholders, as part of its long-term equity plan to invest nearly a £1bn over the next five years.
Salesforce £3.2bn investment a ‘ringing endorsement’ in UK economy, says Sunak June 29, 2023 Salesforce has announced a major investment of $4bn (£3.2bn) in its UK business over the next five years. The software company will use the cash injection to improve AI innovation and customer growth in the UK as companies become increasingly eager to transform digitally and capitalise on AI within their business operations. Prime Minister, Rishi [...]
Nigel Farage claims he may have to leave UK after bank accounts closed June 29, 2023 Nigel Farage has claimed he may have to leave the UK after his bank accounts were closed. The former UKIP leader and Brexiteer today posted a six-minute long video on Twitter, stating his accounts had been closed and he was unable to secure banking services elsewhere. He wrote: “The establishment is trying to force me [...]
Virgin Galactic completes first successful commercial flight in win for Branson June 29, 2023 Sir Richard Branson’s Virgin Galactic has successfully completed its first commercial flight, taking paying customers to space after nearly two decades of preparation. The British-billionaire’s spacecraft, VSS Unity, took off from Spaceport America in New Mexico at 4.04pm GMT this afternoon, carried under the wing of mothership VSS Eve. After jetting nearly 50,000 ft, the [...]
