Which? calls for EV infrastructure improvement as drivers dissatisfied September 23, 2022 Consumer champion Which? has called on the government to urgently improve the UK’s electric vehicle (EV) charging infrastructure. This includes ensuring that the network is reliable on an average of 99 per cent of the time. According to a research published today, 74 per cent of EV owners are disappointed with public infrastructure, citing availability [...]
Kwarteng vows ‘new era’ as he prepares to unveil tax-cutting mini-Budget September 22, 2022 Kwasi Kwarteng will tomorrow outline the biggest package of UK tax cuts in more than 30 years as a part of the government’s bid to launch a Thatcherite economic revolution. The chancellor today confirmed he would axe this year’s 1.25 percentage point increase in National Insurance in tomorrow’s mini-Budget and he is expected to cancel [...]
Jupiter to sell £100m stake in Starling Bank at steep discount on April valuation September 22, 2022 FTSE 250 asset manager Jupiter is in advanced talks to sell a £100m stake in Starling Bank at a heavy discount on its most recent valuation of £2.5bn. Jupiter Fund Management is in talks with several of the challenger bank’s existing investors, with a view to offloading a seven per cent share in the firm, [...]
Let the battle for business’ hearts and minds begin September 22, 2022 Ladies and gentlemen, girls and boys, roll up, roll up to the greatest political show on earth. That may be slightly overselling it, but it is heartening to see the economy and business once again at the heart of our political debate. Today will see the first of what we imagine will be pretty dramatic [...]
Outgoing TfL chief: No Khan split and Elizabeth Line a career highlight September 22, 2022 LONDON’S transport chief has moved to silence talk of a split with Mayor Sadiq Khan after he announced his departure from the top job. Conservative London Assembly transport spokesman Nick Rogers said the departure was a sign that Khan’s Mayoralty was “in chaos.” But Byford told City A.M. that Khan had been “extremely supportive” throughout [...]
Plane crash victims seek £750m damages from insurers via High Court lawsuit September 22, 2022 Survivors of a plane crash that killed 71 people have filed a High Court lawsuit against insurers Aon and Tokio Marine Kiln seeking $844m in compensation over the 2016 disaster that caused the deaths of 19 members of Brazil’s Chapecoense football team. Victims of the 2016 LaMia crash that killed almost all of the [...]
Labour conference: Reynolds prepares to unveil his big pitch to businesses September 22, 2022 The Labour party is an unfamiliar position heading into next week’s party conference. Labour has had consistently strong poll leads this year, is presenting a unified front on policy and for once has not been the party subject to a summer of internecine factional recriminations. Sir Keir Starmer now has a chance to drive home [...]
Report flags Meta content moderation concerns in Israel and Palestine September 22, 2022 A NEW report commissioned by Meta has found that content inciting hatred and violence against parties to the May 2021 conflict between Israel and the Hamas regime was not adequately removed by Facebook and Instagram.
Polymetal shares plummet as troubled miner scraps dividend September 22, 2022 Polymetal shares fell 11.5 percent today after the Anglo-Russian precious metals mining company announced it was scrapping the full-year 2021 dividend due to dwindling cash flows and a lack of new sales channels. It also suggested cancelling the interim 2022 dividends “to allow the Group to strengthen its cash position and enhance its resilience in [...]
Revenues soar for Ten Lifestyle as banks splash the cash September 22, 2022 Interest rate hikes have boosted concierge group Ten Lifestyle’s revenues as banks with cash to splurge spend shell out on its services. Ten, whose clients include Coutts and Natwest Black, said net revenue for the year rose 35 per cent to around £46.8m yesterday, beating forecasts of £45m. The UK firm offers preferential access to [...]
