London Underground drivers announce new July strike dates July 10, 2023 London Underground drivers are to strike this month in a long-running dispute over pensions and conditions. Aslef said its members will walk out on July 26 and 28, coinciding with industrial action by members of the Rail, Maritime and Transport union. Finn Brennan, Aslef’s full-time organiser on London Underground, said: “We take action only when [...]
BT successor has their work cut out, say analysts July 10, 2023 The successor of outgoing BT boss Philip Jansen faces a tough job ahead as the company battles poor earnings amid the pressure to rollout 5G, analysts have warned. It comes as BT confirmed today Jansen will step down “at an appropriate moment” within the next year. “Whoever takes the hot seat at BT will be [...]
Planned six-day strike by British Museum workers called off July 10, 2023 A planned strike by workers at the British Museum has been suspended after progress in a pay dispute. Members of the Public and Commercial Services (PCS) union in the museum’s visitor services and security teams had been set for a six-day walkout from Tuesday in a row over the Government’s promised £1,500 cost-of-living payment to [...]
Biden hails US-UK relationship as he meets Sunak at No10 July 10, 2023 US President Joe Biden hailed the “rock-solid” relationship between the US and the UK as he met Prime Minister Rishi Sunak in Downing Street. The US President praised the closeness of ties between the two countries as he and the Prime Minister held talks in the garden of No10. Biden, whose short layover in London [...]
SVB Financial sues US regulator to recover $1.93bn seized in rescue July 10, 2023 SVB Financial Group has sued the U.S. Federal Deposit Insurance Corp (FDIC) to recover the $1.93 billion the regulator seized during its takeover of the failed Silicon Valley Bank in March, according to a filing in a bankruptcy court on Sunday. The lack of access to the funds was impeding SVB Financial’s reorganisation, it said, [...]
Easyjet cancels 1,700 summer flights amid French air traffic controller strikes July 10, 2023 180,000 holidaymakers have been hit by Easyjet summer flight cancellations this morning, as the airline battles with the ongoing impacts of French Air Traffic Controller (ATC) walk-outs and the war in Ukraine. Around 1,700 departures in July, August and September are set to be grounded, with the majority of flights affected at Gatwick Airport, where [...]
DWF shares surge 40 per cent amid takeover talks with private equity firm July 10, 2023 Shares in legal services outfit DWF rocketed today after the firm revealed it was in talks with London-based Inflexion Private Equity Partners regarding a possible buyout. In a statement to the London Stock Exchange, DWF said it was in talks for a deal worth about £342m. Shares in DWF soared as much as 40 per [...]
Rolls-Royce says its SMR plans will help slash bills as it looks to secure funding July 10, 2023 Rolls-Royce has argued that its plans for developing small modular reactors (SMRs) in the UK could drastically reduce wholesale energy prices in the UK, as it looks to steal a march on its rivals and secure government funding for its nuclear ambitions.
Explainer: A ‘rock solid’ US-UK relationship July 10, 2023 Few things hold such enduring fascination in British politics as the so-called “special relationship” with the US. It was blamed for Iraq, held up as a bastion of what could be achieved post-Brexit, and then dragged through the doldrums during a distancing between Boris Johnson and Joe Biden. Today, Joe Biden and Rishi Sunak insisted [...]
Bitcoin ETF race heats up as crypto spot trading volumes rise July 10, 2023 Data from CryptoCompare shows the price of Bitcoin (BTC) dropped slightly from around $30,500 to roughly $30,200 over the past week.
