Ryanair and Wizz Air caught up in fresh greenwashing allegations June 22, 2023 Ryanair and Wizz Air are facing fresh allegations of greenwashing after the consumer organisation BEUC filed a complaint to the European Commission, naming them among the 17 European airlines accused of making misleading climate-related claims. The BEUC – which represents 46 consumer organisations in the European bloc – are calling for a continent-wide investigation in [...]
Morrisons loyalty scheme helps hike sales to £3.7bn June 22, 2023 Morrisons has recorded a 0.9 per cent decline in group revenues, blaming a slowdown in sales across its petrol stations. During the quarter, its total sales excluding its fuel offering rose by 3.1 per cent to £3.7bn, and sales across its wholesale channel were also up 20 per cent. The former ‘Big Four’ grocery, which [...]
Not ‘sufficient thought’ into stopping Covid-19, Chris Whitty tells inquiry June 22, 2023 Government “did not give sufficient thought” into stopping the pandemic in its tracks, Sir Chris Whitty has told the official Covid-19 inquiry. The chief medical officer for England has said options to stop a disease outbreak on the scale of coronavirus were not considered fully enough by ministers ahead of the crisis. Giving evidence today, [...]
Explainer: Not the best time to be a university student in the UK June 22, 2023 It hasn’t been a very cheerful week in the world of economic news. Today the Bank of England raised interest rates for the thirteenth time in a row. Mortgage payments keep on going up, as rates continue to rise. Everyone is affected – families, individuals young and old, and students too. It’s not surprising then [...]
Church of England to pull investment from fossil fuel companies June 22, 2023 The Church of England is pulling its investment from fossil fuel companies because they are failing to align with the Paris Agreement, the Archbishop of Canterbury has said. By the end of the year, the Church said it will have removed its £10.3 billion endowment fund from all oil and gas companies unless they are [...]
Available LME copper stocks fall to the lowest since 2021 June 22, 2023 Copper available to the market in London Metal Exchange fell to the lowest level since October 2021, data from the exchange showed.
Good Energy snaps up solar panel specialist amid record installations June 22, 2023 Good Energy has snapped up solar and storage business Wessex Eco Energy as it looks to harness record solar panel installations.
Bank of England hikes interest rates by 50 points to five per cent after inflation shock June 22, 2023 The Bank of England today reverted to steeper interest rate rises in a sign that embattled Governor Andrew Bailey and co have been spooked by much tougher than feared inflation. Bailey and the rest of the monetary policy committee (MPC) – the nine-strong group who set official interest rates in Britain – backed a 50 [...]
Housing market reeling after BoE hike interest rates in fresh blow for mortgage holders June 22, 2023 Prospective buyers and homeowners looking to reinstate fixed rate or tracker deals on their homes were met with a fresh blow this afternoon following the central bank’s decision to hike interest rates for the 13th time in a row in efforts to cool soaring inflation. It is expected that the decision will lead high street [...]
Price of Bitcoin holds steady above $30k as crypto markets enjoy upside momentum June 22, 2023 Bitcoin and the rest of crypto continue to push upwards as news of institutional interest continues doing the rounds.
