Heatwave: 40c recorded for first time ever in UK at Heathrow July 19, 2022 History has been made with the 40 degree barrier mark being broken for the first time ever, recorded at London’s Heathrow airport. The news comes after the Met Office issued an extreme level four red weather warning for Monday and Tuesday, with it expected to exceed 40 degrees. Earlier in the day, Heathrow said there [...]
Heatwave continues: Britain prepares for scorching temperatures as rail, retail and airports face disruption July 19, 2022 Brits are set to face temperatures of up to 41c today which is likely to be the hottest day on record. The country is struggling to cope with the extreme temperatures, with Luton Airport temporarily grounding all flights yesterday due to the heat, which melted a part of the tarmac. London’s transport network continues to [...]
Millennials lag behind: Young entrepreneurs made just £500m out of £28bn while selling their firms July 18, 2022 More than £28bn was made by individuals selling their businesses in the past year, but just £550m was from those under 34. Those under 25 cashed in with only £27m in gains, representing under one per cent of the total, according private wealth law firm Boodle Hatfield. The next bracket up, those aged 25-34 were [...]
Bank lending to firms up £12bn after dip due to covid schemes ending July 18, 2022 The so-called loan ‘drought’ induced by the pandemic appears to be coming to an, with lending up by £12bn. Banks are increasing their lending in wake of a sharp decline in wake of both the Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS) ending. According to research from ACP Altenburg Advisory, [...]
Heatwave: Severe delays on almost all tube lines as journeys down by 18 per cent from last week July 18, 2022 Londoners have stayed at home to avoid the extreme heat and travel disruption, with a marked decline in the number of journeys made today. London Mayor Sadiq Khan warned the train network would be operating with speed restrictions, which may cause delays, and commuters should consider working at home. On Monday morning, a number of [...]
Tortilla Mexican Grill’s revenues shoot up by 60 per cent after snapping up rival but inflation and industry pressures bite July 18, 2022 A Mexican food giant experienced a big spike in revenue following a key acquisition and expansion across the UK. Tortilla Mexican Grill’s group revenue was up 60 per cent in the first half of 2022 compared to 2019. This comes after the firm bought out Chilango for £2.75m, taking on its eight sites across the [...]
Disinfectant product maker rides post-pandemic crest as it looks to break America July 18, 2022 Infection prevention product manufacturer Tristel rode the crest of the post-pandemic wave and weathered Brexit disruption, as it sets its sight on the American market. The company benefited from society recovering from coronavirus, with a spike in the use of disinfectant products, particularly in hospitals, as procedures return after lockdowns. It said there were almost [...]
Heatwave: Extreme Red warning announced as temperatures to fetch record-breaking 40c next week July 15, 2022 The UK Met Office has issued a red extreme heat warning as temperatures of 40c are forecast for the first time. The move comes ahead of forecasts that next week on Monday and Tuesday it is expected to reach between 38 and 40 degrees. The record temperature for the UK is 38.7C reached in 2019. [...]
Tory leadership race: Knives are out as Johnson backs ‘anyone but Rishi’ while Mordaunt and Truss scrap for support July 15, 2022 Knives are out in the final stages of the Conservative leadership contest, with Prime Minister Boris Johnson backing “anyone but Rishi” and eliminated candidates nailing their colours to the mast. While the Prime Minister has refused to back any one candidate, a source told the Times “the whole No 10 team hates Rishi” because he [...]
London’s Royal Albert Docks: PwC liquidators brought in after Chinese firm severed from development deal July 14, 2022 Administrators have been called in to liquidate firms involved in a major regeneration project at the Royal Albert Docks. PwC appointed three joint liquidators for 23 firms within the east London site, after the China-based ABP Group failed to pay creditors over the last two years. Mayor Sadiq Khan tore up an agreement with ABP, [...]