NatWest will provide £1.25bn in aid to farmers facing inflation July 18, 2022 NatWest will offer farmers a £1.25bn lending package amidst surging inflation in the UK. This package follows earlier support and takes the bank’s total lending for the agriculture sector to more than £6.7bn. The capital will be deployed through loans, asset finance, and higher overdraft limits, and will also help farmers transition to more sustainable practices [...]
UK government strips guarantees on £400m loans paid by Greensill Capital July 18, 2022 The UK government has pulled back guarantees on £400m worth of loans paid out by collapsed financier Greensill Capital to companies linked to steel magnate Sanjeev Gupta. The withdrawal comes after the British Business Bank (BBB) – the UK’s state-owned development bank – in 2020 guaranteed £400m worth loans, given by Greensill, to companies owned [...]
Nearly 900 Tube journeys delayed in three years due to late drivers July 18, 2022 Almost 900 Tube journeys were delayed between 2019 and 2022 as a result of drivers turning up late to work, new Transport for London (TfL) figures have revealed. A Freedom of Information (FOI) request, made by the free market TaxPayers’ Alliance (TPA) think tank, found 894 Tube rides were late by at least two minutes [...]
London’s FTSE 100 jumps amid receding recession jitters July 18, 2022 Recession fears among investors eased today ahead of a bumper week of economic data. London’s premier FTSE 100 index jumped 0.9 per cent to 7,223.24 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0.96 per cent to over 19,000 for the first time [...]
Heatwave: London Luton Airport suspends all flights as high temperatures damage runway July 18, 2022 London Luton Airport has halted all flights as record high temperatures damaged the runway. Temperatures in London are currently 38c as England faces an unprecedented heatwave that has caused disruptions to travel. “Following today’s high temperatures, a surface defect was identified on the runway. Engineers were called immediately to site and repair works are currently [...]
Shaftesbury boss assures that London’s slipping footfall will be over soon July 18, 2022 The boss of West End landlord Shaftesbury Capital has assured that despite falling footfall levels in London’s heat, it will not be for long. “People are going to avoid city centres because they’re the hottest places,” Brian Bickell told City A.M. today, adding that “By the weekend people will be back to doing the things [...]
AA urges retailers to pass on drop in wholesale costs so drivers can enjoy savings at the pumps July 18, 2022 Drivers could save £10 per tank within the next two weeks, if plummeting wholesale costs are finally reflected in forecourt prices, says the AA.
UK risks losing American investment unless post-Brexit trade disruption is fixed July 18, 2022 The UK risks forgoing a wave of US investment unless it irons out its post-Brexit trading relationship with the European Union (EU), a new report published today warned. The UK-US economic corridor remains strong, but would be strengthened by London cooling tensions with Brussels, according to a report by consultancy Bain and Company and BritishAmerican [...]
UK computer chip firm files lawsuit against rival firm amid £4bn takeover July 18, 2022 One of the UK’s largest computer chip manufacturers has filed a US lawsuit against an Israeli rival semiconductor company which is currently undergoing a billion-dollar takeover. London-listed IQE has accused Tower Semiconductor of “unlawfully” getting hold of IQE’s patents for its silicon technology, which is used in 5G tech. Patrick Wheeler, committee member of the [...]
Ukraine’s President Zelensky slams Canada’s decision to send wind turbine for Russian pipeline July 18, 2022 Ukraine's President Voldomyr Zelensky has criticised Canada's decision to deliver a wind turbine to Gazprom for the Nord Stream 1 pipeline.
