Matt Hancock to deliver keynote speech at Crypto AM Summit and Awards 2022 September 29, 2022 Crypto champion MP Matt Hancock MP will be delivering a keynote address at the Crypto AM Summit and Awards in November.
H&M to trim costs by £160m after profit dented by Russia exit September 29, 2022 H&M has said it is looking to slash costs to the tune of £160m after posting weaker than expected quarterly profit. The second largest apparel retailer saw its share price sink by almost four per cent on Thursday afternoon, after revealing a cost-cutting blitz in its third quarter results. For the June-August period, pre-tax profit [...]
Truss urged to clarify ‘false’ claim “nobody is paying fuel bills of more than £2,500” September 29, 2022 Prime Minister Liz Truss has been urged to clarify a reportedly false claim that “nobody is paying fuel bills of more than £2,500”. Fact-checking charity Full Fact and consumer champion Martin Lewis both warned Truss’ claim was incorrect, and that there was a risk “vulnerable elderly people” think they can keep heating on without paying [...]
Amazon ups Stateside pay for frontline workers as union pressure mounts in UK September 29, 2022 Amazon has agreed to boost the average pay of frontline workers in the US, adding increasing pressure on the firm this side of the Atlantic to bolster pay. The e-commerce giant said it would boost salaries from $18 to $19 (£16.60 to £17.60) per hour, while transportation teams would earn between $16 and $26 an [...]
Port of Dover chief warns post-Brexit checks will be detrimental to UK trade and travel September 29, 2022 The Port of Dover’s chief executive has warned that post-Brexit biometric controls will be detrimental to the UK’s trade and travel, as they will significantly increase border delays. “If we are forced to commit to an inadequate process it will have a rapid and significant detriment on trade,” chief executive Doug Bannister said. Dover is [...]
Co-op profits hammered as challenges not expected to abate in second half September 29, 2022 Co-op profits have taken a dent in the first half of this year, with bosses describing a “highly challenging economic backdrop.” The retailer posted underlying EBITDA of £218m, with earnings subdued compared to the year prior when Co-op posted £248m for the first half of 2021. With arms spanning grocery, funeral, insurance and legal businesses, Co-op’s [...]
Curing a village of needless blindness September 29, 2022 In a rural fishing and farming village in Morang District of Nepal, a team from the Tej Kohli & Ruit Foundation set up a screening camp on 15th August 2022. From the village, over 150 people were screened and 23 of those were found to be living with cataracts. This is an extremely common form [...]
Don’t penalise cash-strapped Brits, FCA warns insurers September 29, 2022 The City watchdog has fired a warning shot at insurance firms today and told them to ensure they are supporting consumers as a cost of living crunch hits.
Broadband giants told to do more as eight million homes struggle to pay bills September 29, 2022 The media regulator has called on broadband firms to do more to help struggling households, as more than eight million homes struggle to pay their bills. According to a new Ofcom study, nearly a third (29 per cent) of customers are having problems paying for their phone, broadband, pay-TV and streaming bills, doubling since 2021 to the highest figure [...]
Nuclear industry group encourages EDF to extend life of power plants September 29, 2022 The Nuclear Industry Association has welcomed EDF's intention to extend the lifespan of two of its domestic nuclear power projects.
