Transport upgrades are vital to keep London at the top of the financial table May 11, 2023 Ask most of those who are yet to come back to work three or four or five days a week what the biggest barrier is and the answer is usually either the commute being a pain in the neck or being too expensive. So it won’t necessarily shock you to learn that in the aftermath [...]
Padel comes to the City of London May 11, 2023 The world’s fastest growing sport has arrived in the Square Mile. A padel court, erected in Tower Hill, will be available to book by schools, corporates and members of the public for the summer. Padel has taken the world by storm in recent years, with its mix of tennis and squash in tight spaces proving [...]
Binance seeks green light from UK as City minister lays out future for crypto rules May 10, 2023 Binance said it would do “everything we possibly can” to be regulated in the UK as the world’s largest crypto exchange hit out at the US’s regulatory environment. Speaking at the Financial Times’s Crypto and Digital Assets Conference, Binance’s chief strategy officer Patrick Hillmann argued the US “has been very confusing over the past six [...]
Households could be offered competitive deals again as price cap eases May 10, 2023 Households could benefit from the prospect of fixed tariffs below the price cap, predicts energy specialist Cornwall Insight.
Non-compete clauses slashed as ministers begin post-Brexit regulatory changes May 10, 2023 Non-compete clauses will be slashed to three months in a bid to boost competition between employers, ministers announced today, as a key EU ‘sunset’ clause is ditched. It comes as part of a move by the government to scrap its own plans for thousands of EU laws to automatically expire at the end of the [...]
Uber launches new flight-booking feature as it doubles down on growth May 10, 2023 Uber has launched a new feature that allows customers to book flights using the app, as the company looks to expand modes of travel for users. The ride-hailing giant today rolled out the new booking tool for domestic and international flights in partnership with the online travel agent Hopper. Andrew Brem, General Manager at Uber [...]
Virgin Atlantic hits out at Heathrow ‘failings’ as high costs delay post-pandemic recovery May 10, 2023 Virgin Atlantic said today that challenges surrounding last years passenger cap at Heathrow and ongoing economic uncertainty affected its final year results, with the airline not expecting to return to profit in 2023. In its 2022 full year results, the airline highlighted “industry wide challenges,” such as July’s 100,000 passenger limit introduced at Heathrow and [...]
Despite bank collapses, US lenders report record $80bn in quarterly profits May 10, 2023 Profits at US banks in the first quarter reached record levels, rising by a third to a total of $80bn, even as the sector dealt with the fallout of the Silicon Valley Bank’s (SVB) collapse. The banking turmoil was in fact a significant contributor to the profit boost. Half of the increase came from First [...]
Sunak backs North Sea oil and gas sector in grilling over Rosebank field May 10, 2023 Prime Minister Rishi Sunak has backed continuing North Sea oil and gas production, arguing that the UK still needs fossil fuels.
Used car market accelerates as consumers opt for cheap vehicles amid rising bills May 10, 2023 The UK’s used car market saw its biggest quarter of growth since 2020 today, as consumers opt for cheap motors amid higher bills and the sector benefits from the knock-on effects of the semi-conductor shortage ease. The figures, published by the Society of Motor Manufacturers and Traders (SMMT), showed that the UK market for second-hand [...]
