Pressure builds to scrap bankers’ bonus cap as BoE says it never backed policy September 15, 2022 Pressure is building on Kwasi Kwarteng tonight to scrap the cap on bankers’ bonuses, as the Bank of England said it never wanted the EU pay restriction. One minister also told City A.M. that scrapping the cap “makes it more attractive to be in London”, with the measure likely to get support among large sections [...]
Scrap the cap: It’s the right thing to do September 15, 2022 The bankers' bonus cap is reportedly on the chopping block, and it'd be a fine way to signal a change in tone from government
London airports cancel flights to avoid noise on Queen’s funeral September 15, 2022 London airports such as Heathrow and London City are cancelling flights to avoid noise on Monday, the day of the Queen’s funeral. Heathrow has announced it will cut 15 per cent of its daily schedule, i.e. more than 100 flights, while London City will not fly over Westminster. The west London hub – jointly with [...]
London’s FTSE 100 bumped higher by investors pouring into UK banks September 15, 2022 London’s FTSE 100 bounced higher today driven by inventors pouring into banks on expectations of more interest rate rises from the Bank of England. The capital’s premier index rose 0.07 per cent to 7,282.07 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0.2 [...]
Queen’s funeral: Drivers warned as Sainsbury’s, Tesco, Asda and Morrisons to shut forecourt petrol stations September 15, 2022 Drivers have been warned not to get caught out after supermarkets including Sainsbury’s, Tesco, Asda and Morrisons said they are closing their forecourt petrol stations on Monday for the Queen’s funeral. The retailers made the announcement today as many companies, including even Heathrow, curtail usual operations out of respect for the late monarch. “All Sainsbury’s [...]
Mobile games to dominate a £400bn gaming industry by 2030 September 15, 2022 Mobile games will make up half of gaming industry revenues in 2030, as tech firms continue to pump money into the sector. According to a fresh report from GlobalData, games played on smartphones and tablets will make up over 50 per cent by 2030. It also predicts that the market will swell to $470bn (£409bn) [...]
Developing nations should look to stablecoins, not Bitcoin September 15, 2022 Jai Bifulco of Kineses sets out the case for stablecoin adoption instead of turning to Bitcoin in emerging economies.
Microsoft’s Activision Blizzard deal faces deeper competition probe September 15, 2022 The competition regulator has referred Microsoft’s $68.7bn snap up of Call of Duty maker Activision Blizzard for an in-depth investigation, spelling danger for the gaming sector's monster deal.
London hotel occupancy soars to 85 per cent during week of Queen lying in state September 15, 2022 Hotel occupancy rates in the centre of London have soared to almost 85 per cent ahead of the Queen’s funeral. Mourners and well-wishers have come to the capital from across the country and around the world to mark the death of Queen Elizabeth, and they all need somewhere to stay. This week, hotel occupancy peaked [...]
Lufthansa in talks with investors over sale of aircraft maintenance business September 15, 2022 Lufthansa is reportedly in talks to sell a stake in its aircraft maintenance business, Lufthansa Technik. According to Reuters sources, the airline is to offload between 20 and 30 per cent of its stake and was attracting more interest from financial investors than rival firms. The airline is also expected to commence talks with private [...]
