‘Mortgage chaos’ of last few months eases as available deals surpass 4,000 February 13, 2023 The number of mortgage deals available has surpassed 4,000 for the first time in six months according to a financial information website. Moneyfacts.co.uk, which counts the number of mortgage products at the start of each month, said 4,341 deals were available on 1 February compared with 3,643 products at the start of January. Many mortgage [...]
Water industry pledges to invest its way out of sewage crisis despite missing spending targets last year February 13, 2023 The government must hold firm with plans to clamp down on sewage spills in the water industry, warns a leading environmental group.
Battle of package holiday makers: Jet2holidays overtakes Tui as top tour operator for first time February 13, 2023 Jet2holidays has overtaken Tui to become the UK’s largest tour operator for the first time. Data published by the Civil Aviation Authority shows Jet2holidays is licensed to provide package holidays to 5.9 million people in the year to the end of September. That is compared with 5.3 million for Tui. Jet2holidays will operate its largest summer programme this [...]
Explainer: Sunak’s plan to grow the workforce February 13, 2023 With Parliament in recess this week, Rishi Sunak gained some time to go back to his desk and think about his priorities – much needed with a budget coming up in a month. Among those, one leading target in his mind is to get more people back into work to drive economic growth. The UK [...]
Berlusconi: Ex Italy PM and long-time Putin ally blames Russia’s war in Ukraine on president Zelensky February 13, 2023 Former Italian premier Silvio Berlusconi has blamed Ukraine’s president for Russia’s invasion, again putting him at odds with Prime Minister Giorgia Meloni’s support for Kyiv. Mr Berlusconi, whose Forza Italia party is part of Ms Meloni’s right-wing coalition government, is a long-time friend and ally of Russian President Vladimir Putin. He said the war in [...]
Financial Services and Markets Bill Committee: The half time summary February 13, 2023 Lord Holmes sets out his amendments and explores key themes from the Financial Services and Markets Bill Committee.
London bus strike resolved as Unite accepts Abellio’s ‘greatly improved’ pay increase February 13, 2023 A long running dispute involving more than 1,800 bus drivers in London has ended after the workers accepted a “greatly improved” pay offer. Members of Unite employed by Abellio have staged a series of strikes in recent months. They have accepted a pay increase that Unite said will see drivers with over two years’ service [...]
ESG: City firms feel pressure of rule changes as clampdown on greenwashing expanded by regulators February 13, 2023 City firms are feeling the pressure of impending environmental, social and governance (ESG) rules this year as regulators expand plans to clampdown on greenwashing, new research has found. Financial firms in the UK have pointed to rules on sustainability as the main pinch point facing them for a second year running, ahead of a major [...]
Citi eyes £6.6bn sale of Mexican bank Banamex as it retreats from international markets February 13, 2023 Citigroup is nearing the sale of its Mexican retail bank Banamex in a deal that would be worth $8bn (£6.6bn), the Financial Times reported, despite government interference scaring off potential bidders. According to three people familiar with the matter, the owner of Mexico’s largest mining company, Germán Larrea, is in exclusive talks to purchase Banamex. [...]
Crypto narratives: Industry comes to Turkey’s aid, and SEC moves against staking February 13, 2023 CryptoCompare data has shown that there was a 2.7% drop in the combined market cap dominance of BTC, ETH, and stablecoins.
