Lord Gilbert considered to lead BBC funding review June 11, 2022 Lord Gilbert is reportedly in the race to lead the BBC’s funding review. Gilbert, who was recently snubbed in favour of Lord Grade as chair of Ofcom, is among the people being considered by culture secretary Nadine Dorries, Sky News first reported. Whitehall sources told the outlet Gilbert would be an “uncontroversial” choice but that [...]
Fuel pump theft on the rise as petrol reaches £100 for first time June 11, 2022 Thefts at fuel pumps have soared as Britons are increasingly struggling to pay for the petrol and diesel to fill up their cars. According to data from Forecourt Eye, non-payment methods such as driving away or pretending not to have a a wallet have gone up 39 per cent since January. “This is not a [...]
Trafigura’s profits rise to $2.7bn following surge in commodities price June 11, 2022 Trafigura’s profits have soared after the price of commodities surged following the Russian invasion of Ukraine. In the six months ended 31 March, the group’s net earnings went up to £2.7bn – 22 per cent above 2021 levels – while revenue rose 73 per cent to around $171bn. “The Ukraine crisis placed supply chains under [...]
Government lambasted for ‘half-baked’ food strategy June 11, 2022 The UK Government was lambasted for delivering a “half-baked” food strategy for England, with critics especially concerned about the apparent lack of a tax on sugar and salt. The plan was initially announced by cabinet minister Michael Gove in 2019 to make sure food was “safe, healthy and affordable,” for all. Gove appointed the co-founder [...]
EasyJet pilots say travel chaos could get worse this summer June 11, 2022 Travel chaos could worsen during the summer, easyJet’s pilots have told the airline. Members of the French SNPL pilots’ union working for the low-cost carrier sent a letter to chief executive Johan Lundgren arguing the situation will continue to worsen, as easyJet reported “unprecedented chaos” and “operational meltdowns” over the last few weeks, the i [...]
Senior bondholders call for talks over Matalan’s future June 11, 2022 Matalan’s senior bondholders have reportedly called for talks over the retailer’s future as the cost-of-living crisis continues to bite into the company. Lenders have sought the advice of financial services firm Perella Wellbeing to understand what their options are as they are set to receive a £350m payment next year, Sky News first reported. Junior [...]
Octopus Energy joins bid for collapsed Bulb June 11, 2022 Octopus Energy has joined the bid to takeover collapsed energy provider Bulb. City A.M. understands from industry sources Octopus Energy is one of multiple suppliers interested in Bulb Energy. The supplier has maintained an interest in acquiring Bulb’s 1.6m customers since its collapse in November. People close to the matter have said British Gas’s owner [...]
‘Appalling’: Prince Charles slams government’s Rwanda deportations June 11, 2022 “Appalling”: this is how Prince Charles has described the government’s plan to deport illegal UK migrants to Rwanda. The Prince of Wales, the Times first reported, lambasted the Home Office’s policy in private and said he feared it would overshadow this month’s Commonwealth Heads of Government meeting, which he is to attend. “He said he [...]
Mayor pleads with DfT to hold urgent talks over TfL long-term funding June 10, 2022 London mayor Sadiq Khan has pleaded with the Department for Transport (DfT) to hold talks over reaching a long-term funding for the battered Transport for London (TfL). The latest funding round amounted to £200m and is set to expire on 24 June. “While we are grateful for the support you have provided to date, its [...]
Wizz Air’s boss under fire following comments on staff reporting fatigue June 9, 2022 Wizz Air’s boss Jozsef Varadi has come under fire after he made comments against pilots reporting symptoms of fatigue. In an internal video leaked yesterday, the chief executive was heard telling staff to “go the extra mile.” “We cannot run this business when every fifth person of a base reports sickness because that person is [...]
