Joules tanks as insolvency talk spooks market September 29, 2022 Share tanked over 32 per cent this evening for Joules after reports that the beleaguered retailer was weighing up insolvency options. As first reported by Mark Kleinman for Sky News, the British lifestyle brand is working with Interpath Advisory on a company voluntary arrangement (CVA), which would allow the firm to renegotiate liabilities, but could [...]
Truss refuses to commit to more tax cuts in apparent row-back on Kwarteng comments September 29, 2022 Liz Truss has refused to commit to more tax cuts in an apparent row back of earlier comments from Kwasi Kwarteng. Truss today told BBC London that it was important to be “fiscally responsible” and to “bring debt down over time”, after being asked if she would bring in more tax cuts. Truss and Kwarteng’s [...]
Tobacco chief says we need to move away from ‘quit or die’ mindset and towards vapes September 29, 2022 A top exec at British American Tobacco (BAT) has said we need to move away from the “quit or die” approach to smoking and invest more in sustainable alternatives like vaping. Speaking at an industry conference in Washington D.C., BAT’s chief growth officer Kingsley Wheaton called for greater collaboration between the industry and governments to [...]
North Sea body holds talks over security after Nord Stream sabotage September 29, 2022 OEUK has been discussing North Sea security plans with government bodies amid increasing political tensions in Europe.
French Oil Giant TotalEnergies vows to have ‘no future with Russia’ September 29, 2022 TotalEnergies is ramping up investments in a bid to distance itself from Russia. The French oil giant has “no future with Russia”, said Patrick Pouyanné, chairman and chief executive, in a strategy update presented in New York on Wednesday. Instead, it will look more to Qatar and the US while escalating their production of liquified [...]
The Financial Services and Markets Bill – second reading September 29, 2022 Lord Chris Holmes of Richmond explains the government's 335-page Financial Services Bill and what it means for crypto assets.
BlackRock ramps up blockchain push with new exchange traded fund September 29, 2022 The world’s biggest asset manager BlackRock accelerated its push into digital assets today as it launched a blockchain themed exchange traded fund (ETF) for its European clients.
Germany rolls out £177bn support package to ease soaring energy bills September 29, 2022 Chancellor Olaf Scholz has stepped in with a historic support package to support households and businesses from soaring energy prices.
Tumbling pound puts London firms at risk of foreign takeover frenzy September 29, 2022 A sharp fall in the value of the pound could put London-listed firms at further risk of foreign takeovers after a spate of acquisitions this year, experts have warned today.
NATO condemns ‘reckless sabotage’ to Nord Stream pipeline September 29, 2022 NATO has slammed the potential sabotage of the Nord Stream pipelines, but stopped short of blaming Russia.
