FTSE 100 Live: Stocks to tumble as interest rate decision looms; Oil falls as ‘economic catastrophe’ avoided
Shapps warns RMT the country ‘coped’ with three strikes due to ‘collapse of commuting’ June 27, 2022 Grant Shapps has warned most of the country “coped” during last week’s strikes due to the “collapse of commuting” and increasingly hybrid working culture. Commenting after the third day of industrial action by tens-of-thousands of RMT union members, he said they had struck to “ defend indefensible working practices” which needed an update. Writing in [...]
HMRC: Big UK firms owe £2.7bn in unpaid VAT June 27, 2022 HMRC is missing out on a total of £2.7bn in underpaid VAT, a new study has revealed. HMRC suspects 208 of the UK’s 2,000 largest businesses have underpaid VAT by an average of £13.4m each, according to fresh analysis by Thomson Reuters. The study said that the £13.4m figure relates to “tax under consideration”, which [...]
US Supreme Court overturns Roe vs Wade: Almost 40m women could lose right to abortion June 24, 2022 The US Supreme Court has overturned the 50-year-old Roe Vs Wade ruling which gives women the right to an abortion. America’s top body took away the right of millions of women to terminate a pregnancy in one fell swoop, after a document suggested it was going to do so a few weeks ago. The ruling [...]
Put it on expenses: Bite-size pub lunch and training will help City workers take proper screen break June 24, 2022 Leading pub chain Greene King is offering city workers a pub lunch and a pint along with ‘bite-size’ training sessions. In wake of the pandemic’s shake-up of the working week, the ‘Expensable Lunch’ will be launching at the start of next month, to improve people’s personal and professional development – while giving them a much-needed [...]
Flying high: 10,000 UK jobs supported as BAE Systems cashes in with £500m order for Spanish fighter jets June 24, 2022 Thousands of UK jobs will be supported thanks a mammoth order from Spain for a new fleet of 20 fighter jets, with BAE Systems cashing in £500m of a £1.5bn contract. The major purchase to expand Spain’s armed forces was announced in Berlin this week, and will increase the number of Typhoons in Europe to [...]
AA praises Asda for not surging petrol prices as diesel approaches dreaded £2 litre milestone June 24, 2022 Motoring group the AA has praised supermarket chain Asda for preventing further fuel surges, as the price of diesel moved within 0.2p of the dreaded £2-litre. The organisation’s fuel price report showed this morning that on average, big oil firms’ forecourt reached the milestone, but it could have been much worse. The AA said while [...]
World’s biggest hedge fund bets £8.6bn against European stock market will keep falling June 24, 2022 Bridgewater Associates, the world’s biggest hedge fund, has bet £$8.56bn ($10.5bn) that Europe’s stock market will continue to decline. The US investment management firm shorted shares of 28 European companies, including bets of more than £407m ($500m) against 28 firms. The Bloomberg data, reported by the Times, says among the European firms shorted are France’s [...]
‘Boring’ breakthrough: Tunnel-making machine completes 6.7km journey under south London June 23, 2022 The first of five drives by four tunnel boring machines in London was completed yesterday, travelling 6.7km underneath the capital. A team of ‘boring’ National Grid workers marked the completion of its journey across south London, with the breakthrough in Eltham. The London Power Tunnels project started in July last year reaching depths of 50m [...]
Nike confirms complete exit from Russia June 23, 2022 Sports brand giant Nike has formally exited Russia due to the ongoing war in Ukraine, three months after suspending operations. The US company, famous for its tick logo, said the delay in quitting completely was because it was “responsibly” scaling down its operations, in order to protect employees. This comes after Nike, which sponsors athletes [...]
Fuel traders urged to take responsibility as wholesale price falls but petrol hits new record at pump June 23, 2022 Despite falling wholesale costs of petrol and diesel, prices are still going up at the pump as motoring groups call on fuel traders to offer consumers relief.
