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, [...]
IAG boss predicts all group airlines will return to profit this year September 21, 2022 All of IAG’s subsidiary airlines will post profit this year, according to the group’s chief executive Luis Gallego. “We foresee all the airlines of the group to make profits again this year,” the chief executive told journalists on Wednesday while refraining from elaborating on specific carriers. IAG owns British Airways (BA), Iberia and Aer Lingus, [...]
German government at loggerheads over gas levy as Uniper deal looms September 21, 2022 Germany's coalition government is divided over plans for a gas levy on consumers from October, following the nationalisation of Uniper.
EY posts record revenues of £40bn as consulting sales surge September 21, 2022 EY today posted record revenues of $45.4bn (£40bn), on the back of its strongest growth in decades, as partners in the Big Four accounting firm prepare to vote on plans for a global split in what could be the biggest shakeup to audit sector in years. The accountancy firm saw its combined global revenues [...]
Energy sector raises concerns over six-month window for business support September 21, 2022 The energy sector raised concerns over Government plans to provide support for businesses to combat soaring wholesale costs.
Willie Walsh: China’s Covid policy cost Hong Kong aviation hub status September 21, 2022 China’s zero-Covid policy has cost Hong Kong its status as an aviation hub, according to veteran Willie Walsh. A former chief executive of BA’s owner IAG, Walsh is now at the helm of airline trade body the International Air Transport Association (IATA). The director general blamed China’s Covid policies for “devastating” the Hong Kong aviation [...]
Businesses breathe sigh of relief after energy bill relief details but call for more tax support September 21, 2022 Businesses have said a freshly announced energy bill relief scheme will prevent thousands of firms going bust, but further support may be needed down the line. The scheme will offer firms a discount on wholesale gas and electricity prices and apply to energy usage from 1 October 2022 to 31 March 2023. Businesses including pubs [...]
Ten Entertainment scores yet another strike as it heads for expansion and keeps price freeze plans September 21, 2022 Bowling firm Ten Entertainment confirmed plans to open three new alleys in the next six months as it heads for a post-pandemic victory. The firm posted sales of £63.2m in the first half of 2022, up 53 per cent on pre-pandemic levels, while pre-tax profits rocketed 121 per cent to £15.7m. The Bedford-based company notably [...]
Over 2,000 London bus drivers to strike on 4 October September 21, 2022 More than 2,000 London bus drivers are set to strike on 4 October in a dispute over pay, the union Unite announced on Wednesday. Running continuously until workers receive a pay rise in line with the retail price index, Unite said, the strike will affect eight depots across North London – including Tottenham and Wood [...]
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 [...]
