Letters: Sharing the fraud blame July 21, 2022 [Re: Zahawi to outline plan to change EU’s City rules, July 18] The Financial Services and Markets Bill is a welcome step to help Authorised Push Payment (APP) fraud victims. But the onus on reimbursing fraud victims cannot be placed solely on banks. This fraud doesn’t happen in siloes. Other actors need to be incentivised [...]
Exclusive: UK financial dealmaking slumps in value as recessionary fears take hold July 21, 2022 The volume of deals in the UK’s financial services sector rose to a seven-year high in the first half of the year but a looming recession and economic uncertainty caused the value of transactions to plunge, new figures have revealed.
Hiring spree: Gatwick recruits 400 security staff to battle delays July 21, 2022 Gatwick has hired 400 additional security staff over the last few weeks as the airport battles the ongoing travel chaos. Crowned the UK’s worst hub last week, Gatwick said it was still recruiting workers ahead of the peak summer period. “With passenger numbers rapidly returning to 2019 levels, we expect to be busy, particularly at [...]
JD Sports talks Footasylum sale with Aurelius Group amid watchdog order July 20, 2022 FTSE 100 retailer JD Sports Fashion is looking to sell up its Footasylum chain to the Aurelius Group following months of talks with the UK competition watchdog.
Final two need to lay out genuine plans for Britain’s economic future July 20, 2022 Congratulations to Rishi Sunak and Liz Truss, the two survivors in the Tory leadership race. When they look at the in-tray should they become Prime Minister, they may wonder if it was worth it. For on day one – whoever takes the gig – they will have to face up to the fact that Britain’s [...]
Royal Mail losing £1m a day as pandemic postal boom subsides July 20, 2022 Royal Mail Group chiefs said its flagship postal service was haemorrhaging £1m a day today as revenues across the group slumped 5.1 per cent in the first quarter of the year as the pandemic postal boom subsides.
Holiday for part time staff should not be pro-rated, Supreme Court rules July 20, 2022 The UK’s Supreme Court today ruled that a visiting music teacher on a zero hours contract should be entitled to the same holiday benefits as her full-time colleagues. The landmark ruling is set to open the door to claims from hundreds of thousands of part-time and casual workers for the same holiday pay as their [...]
Coinbase says it had no financial exposure to bankrupt crypto firms July 20, 2022 Coinbase says it had no exposure to collapsed crypto firms like Celsius, Three Arrows Capital, and Voyager. In a blog post today, the crypto exchange said it had no “financing exposure” to these crypto firms, all of which filed for bankruptcy following the recent “crypto winter” that saw cryptocurrency prices plunge and pummelled the industry. [...]
Stablecoins will be regulated in the UK with wider crypto regulation to be discussed this year July 20, 2022 Stablecoins will be regulated in the UK in a major move towards crypto asset oversight, with plans to consult on wider crypto regulation later in 2022. The UK’s Financial Services and Markets Bill was presented to Parliament today and widens the UK’s approach to crypto regulation, allowing for stablecoins to be considered as a form [...]
Refuellers suspend strike at Heathrow following improved offer July 20, 2022 Members of the union Unite working as refuellers for Aviation Fuel Services (AFS) have suspended their planned strike action at Heathrow following last-minute negotiations. Unite, which had planned a three-day walkout starting tomorrow, said AFS made a “sustainably improved offer.” The proposal will now be voted on by Unite members. “Unite has consistently said that [...]
