Legoland owner Merlin surges back to profit thanks to tourism and staycations June 30, 2023 The return of tourists and families enjoying staycations has propelled sales and earnings for the owner of Legoland and Thorpe Park. Merlin Entertainments, which is one of the world’s biggest operators with more than 140 attractions, theme parks and resorts, said it had millions more visitors last year. The multinational group saw its revenues surge [...]
FCA moves fast to let firms provide mortgage breathing space June 30, 2023 The City regulator says it has moved quickly to make rulebook changes, to help give households some relief from rising mortgage rates. The Financial Conduct Authority (FCA) said lenders should make the options available to borrowers clear and accessible. Sheldon Mills, executive director for consumers and competition at the FCA, urged homeowners who are struggling [...]
Explainer: The Netherlands join the microchips war against China June 30, 2023 Today the Netherlands dealt a significant blow to China, restricting sales of machines used to make chips. From September, Dutch companies making machines that produce advanced processor chips will need an export licence to sell their products overseas. The Dutch government has been at pains to specify this policy is “country neutral”, but it’s clear [...]
Tuffnells saved from administration by logistics firm Shift with new depots and jobs saved June 30, 2023 Logistics tech company Shift has brought Tuffnells back from the brink of closure by announcing a re-launch of the delivery giant in July. Shift said it is securing the future of the delivery giant by opening 25 depots, nine of which were previously operated by Tuffnells. It comes as Tuffnells collapsed into administration earlier this [...]
Kevin Spacey abused fame to become ‘sexual bully’, London court told June 30, 2023 Oscar-winning actor Kevin Spacey abused his reputation and fame to become a “sexual bully”, a court has heard. The Hollywood star, standing trial under his full name Kevin Spacey Fowler, is accused of sex offences against four men who “had the misfortune to attract the attention of the predatory” actor, a jury was told. Southwark [...]
EDF chief executive tells managers nuclear business to be reorganised June 30, 2023 EDF's chief executive Luc Remont told managers yesterday that the state-owned power group's nuclear activities would be reorganised.
Watchdog raises ‘greenwashing’ concerns over sustainable loans – but experts question need for ‘hard laws’ June 30, 2023 The Financial Conduct Authority (FCA) has highlighted a number of issues in sustainable lending which are stymying the growth of the market. In a letter sent yesterday to sustainability heads at banks, the watchdog noted that the market for sustainability-linked loans (SLLs) – which link borrowing costs to sustainability targets – had “grown rapidly” over [...]
OKX expands Man City deal to become Premier League champions’ sleeve sponsor June 30, 2023 Manchester City and OKX have expanded their sponsorship deal with the crypto exchange becoming the Premier League champions' sleeve partner.
Oil markets suffer four quarters of losses as concerns grow over China slowdown June 30, 2023 Oil markets are on the verge of a year-long slide in prices with a fourth consecutive quarter of losses.
Bitcoin fan Robert F Kennedy Jr’s presidential run gets support from crypto industry June 30, 2023 Many in the cryptoverse are backing JFK’s nephew to be the next US President in wake of his Bitcoin comments, says Nigel Green.
