Jupiter to sell 10 per cent stake in Starling Bank August 27, 2022 Asset manager Jupiter is reportedly in talks to sell its 10 per cent stake in digital challenger bank Starling Bank. This comes a few months after the bank hit a £2.5bn valuation. City sources told Sky News’ Mark Kleinman that Jupiter had instructed Citi to find buyers for its portfolio, which is made up of [...]
Cineworld landlord files winding up petition against cinema chain August 27, 2022 One of Cineworld’s landlords has sent a winding up petition to the cinema chain following several High Court claims. According to filings, the claim was presented on Monday and it is understood that it was filed by the landlord of the Picturehouse cinema in Piccadilly. The cinema’s landlord won a £2.9m lawsuit against Cineworld last [...]
Zahawi: Middle-earners will also need help with energy bills August 27, 2022 Chancellor Nadhim Zahawi has said that middle-earners will also need help with their energy bills. The comments come as Ofgem announced yesterday the energy price cap will rise over 80 per cent to £3,549 per year from October. Zahawi told the Telegraph that support should not be given only to people on benefits but also [...]
HBOS: Authorities close six year probe into former execs August 27, 2022 HBOS’s former executives are now off the hook after the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) closed a six year investigation into the bank’s collapse. The watchdogs announced yesterday they would not take any further action. “In line with standard practice, the authorities’ independent decision-makers reviewed the matters under investigation and [...]
Cost of dropping off increased in most UK airports August 27, 2022 The cost of dropping off someone for a flight has increased in most UK airports, according to data published today. Figures from the RAC showed that, out of 21 of the busiest UK hubs, 16 have amped their costs in the last three years. “Anyone dropping a loved one off at the terminal this summer [...]
Bank Holiday: Around 900 flights cut since July August 26, 2022 Around 900 flights for the upcoming Bank Holiday weekend have been cut from flight schedules since July. UK flights planned for 26 to 30 August were 14,030 with an estimated 2.4 million seats on 1 July but data recently released by aviation analytics firm Cirium shows that numbers went down by 6.4 per cent. Compared [...]
Bank Holiday weekend: Motorists urged to plan ahead as 12.5m trips expected August 26, 2022 Bank Holiday weekend traffic warnings have been issued with motorists urged to plan ahead as 12.5 million trips are set to take place. According to figures published today by the RAC, Friday will be the be the busiest day, with 4.3 million trips planned, followed by Saturday’s 2.3 million and then Sunday and Monday’s 1.3m [...]
Tesla accused of silencing safety campaigners demonstrating against driverless technology August 25, 2022 Tesla was accused of silencing safety campaigners after it sent a cease and desist letter to US organisation the Dawn Project. In the letter, the electric car titan required the Dawn Project to take down its TV commercials, which show a driverless Tesla running down child-sized mannequins as part of a safety test. According to [...]
UK pledges to share expertise and help Ukraine rebuild transport network August 25, 2022 The UK Government has pledged to help Ukraine rebuild its war-damaged transport network, sharing private sector expertise. The news comes a day after Prime Minister Boris Johnson made an impromptu visit to Kyiv. The agreement was signed by transport secretary Grant Shapps and its Ukrainian counterpart Oleksandr Kubrakov today, a day after the country’s Independence [...]
Qantas says pandemic ‘existential crisis’ over despite losses August 25, 2022 Qantas, Australia’s flagship airline, has said the “existential crisis” posed by the pandemic is over despite posting losses for the third consecutive year. Compared to 2021, the Australian airline widened its underlying loss before tax to 1.86bn Australian dollars (£1.1bn) due to the closure of Australia’s borders and uncertainty over the Delta and Omicron variants. [...]
