Queen mourning period gave tourism and retail big boost, says payment firm SumUp September 22, 2022 The Queen’s death and funeral may have led to 10 days of national mourning, but it also gave Britain a welcome tourism boost, according to payments firm SumUp. SumUp, which provides 4m small and medium-sized firms and other organisations with payment devices, said the industry experienced a spike in the last fortnight. It released data [...]
Lidl now highest-paying supermarket in UK with £39.5m investment in staff salaries September 22, 2022 Discount giant Lidl has committed £39.5 in salary increases to its store and warehouse staff, becoming the highest-paying supermarket in Britain. The retailer is increasing hourly rates from £10.10 to £10.90 outside the capital, and within London, hourly wages will go up to £11.30 and £11.95 inside the M25. , Some workers are set to [...]
Credit Suisse board considering splitting investment bank into three parts September 22, 2022 The board of Credit Suisse is considering splitting up its investment bank into three. Among proposals put forward by its leadership are the resurrection of a “bad bank” for risky assets. Reported first by the Financial Times, under proposals the bank would look to sell profitable units in a bid to offset damaging capital raise. [...]
Two BP workers dead after refinery blaze September 22, 2022 Two BP workers have died following a fire at an oil refinery. The unnamed workers were stationed at bp-Husky Toledo Refinery in Ohio, the US. In a statement, BP said: “It is with deep sadness we report that two bp staff injured in a fire at the bp-Husky Toledo Refinery have passed away.” “Our thoughts [...]
Oxford Street candy stores to face tougher rules amid claims of ‘dirty money’ and tax evasion September 21, 2022 Westminster Council will come down hard on its so-called ‘dirty money’ problem, zeroing in on US-style candy stores in Oxford Street. A motion will be passed this evening as 30 confectionary shops are under investigation for business rates evasion totalling £3m. The council leader said the war in Ukraine highlighted Russian oligarch investment in Westminster, [...]
Marks and Spencer announces bumper £15m pay package for its 40,000 frontline staff September 21, 2022 Marks and Spencer has announced a bumper £15m pay package to support its 40,000 frontline staff during the cost of living crisis. The British high-street giant is also introducing an autumn pay review for the first time, while extending its benefits scheme for workers. More than 40,000 workers will get a boost to their hourly [...]
Government unveils energy support package to ‘stop businesses collapsing’ September 21, 2022 Firms have been given a boost in dealing with the energy crisis through a government discount, with the chancellor saying it “stepped in to stop businesses collapsing”. Plans were unveiled this morning, cutting prices for non-domestic energy customers, while suppliers will reduce wholesale costs to help families. The measures, announced by the department for Department [...]
Liz Truss planning to cut stamp duty as ‘rabbit’ in mini-budget September 21, 2022 Liz Truss and Kwasi Kwarteng are planning to cut stamp duty as the ‘rabbit’ in forthcoming mini-budget. Britain’s new prime minister will announce plans in a bid to spur growth in the UK economy. Reported in the Times, Truss and her new chancellor have been working on plans for over a month, before she was [...]
Peak of 22.4m watched BBC One coverage of Queen’s funeral in biggest viewing day since London 2012 September 20, 2022 A peak of 22.4m Brits watched BBC coverage of Her Majesty the Queen’s funeral on Monday with a majority of the UK tuning in at some point. 32.5m people tuned into the national broadcaster’s all-encompassing coverage of the late monarch’s laying to rest, representing BBC One’s biggest viewing day since the 2012 Olympics closing ceremony. [...]
Queen’s funeral: Sky News has biggest single day on YouTube with 42m views September 20, 2022 Sky News had its biggest single day on YouTube during the Queen’s funeral, with more than 42m views. The broadcaster’s digital offering included 5.2m million users on Sky News’ app and website, as the nation watched Her Majesty the Queen laid to rest. Sky News said it had more than 23m views of its coverage [...]
