Sunak’s reshuffle: Shapps, Badenoch, Hands and Donelan in new cabinet roles after Zahawi’s sacking February 7, 2023 Prime Minister Rishi Sunak has appointed Greg Hands, a former trade minister, as the chair of the Conservative party after Nadhim Zahawi was sacked last month. The Department for Business, Energy, Industry and Strategy has also been broken up into two separate bodies. Grant Shapps, the former Business Secretary has been appointed Secretary of State [...]
Shell wins High Court injunction against Greenpeace protestors occupying oil platform in North Sea February 7, 2023 Shell has won a bid for a new High Court injunction against Greenpeace protesters occupying an oil platform as it is transported to the North Sea. On January 31, four protesters from the environmental campaign group boarded the White Marlin, a heavy-load ship carrying a floating oil and gas platform, as it travelled near the [...]
Lidl boasts £10m sales growth after winning shoppers from M&S, Waitrose and Sainsbury’s February 7, 2023 The value retailer praised its fruit and veg range for the year on year increase – with its market share for vegetable shopping reaching a high of 10.2 per cent.
Analysis: HS2, the eternal political hot potato February 7, 2023 The biggest transport project in Britain is facing threats over its future after even more delays and higher costs for the high speed rail. It was only weeks ago when Jeremy Hunt insisted the high speed rail line, HS2, would end at Euston and not in West London, where the rumour mill had suggested it [...]
Me? A Bank CEO?: First Direct’s boss on his unusual route to the top February 7, 2023 CEO of First Direct Chris Pitt speaks with City A.M.’s Editor Andy Silvester about his unusual route to the top of the bank and setting his sights on even loftier ambitions for Britain’s young people First Direct boss Chris Pitt and I are walking down towards City A.M.’s offices near Monument. It’s a walk down [...]
‘Guilt-free flying within our reach’ but still ‘decades away’ as government commits £113m to net-zero travel tech February 7, 2023 Guilt-free net-zero flying is within our reach according to the government, as ministers invest £113m in new net-zero technology. The DfT and BEIS have announced funding for aerospace companies such as Rolls-Royce and Bristol-based Vertical Aerospace to develop cutting-edge technologies, such as flying taxis and hydrogen-fuelled planes. Rolls-Royce will receive almost £83m to develop liquid [...]
OPINION: The public must be correctly informed over Hunt’s roadmap for a CBDC or face the prospect of ‘SpyCoin’ February 7, 2023 Susie Violet Ward takes a dim view of the Bank of England's plans for a 'digital pound' - a CBDC she brands as 'programmable money'.
Tesco versus Lidl: Two of UK’s largest supermarkets go to court over use of yellow logo February 7, 2023 Supermarkets Tesco and Lidl have begun a High Court fight over the use of a yellow circle logo. German discount chain Lidl says a trademark, and copyright, has been infringed, while Tesco has made a counterclaim. Lidl uses a yellow circle in its main logo, and Tesco uses one to highlight offers available to members [...]
BP scales back climate ambitions as outcry over £23bn earnings ignites call for tougher windfall tax February 7, 2023 BP has scaled back its climate ambitions, easing plans to slash the amount of oil and gas it produces to meet global demand.
Rail travel: Government halving the cost of single LNER fares in a move that will ‘unleash more competition, innovation and growth’ February 7, 2023 The government is set to halve the cost of single rail fares across the wider LNER rail network, as part of its plan to reform the UK’s railways. Transport secretary Mark Harper will announce an extension of single-leg pricing beyond the few LNER services that have trialled the ticketing system since 2020. The move will [...]
