Camelot’s National Lottery damages claim could drain £600m out of good causes says Gambling Commission June 30, 2022 Gambling Commission Chair Andrew Rhodes has admitted that damages for the National Lottery competition process may come from good causes, potentially sucking £600m from sports and arts funding. It comes after the High Court found in favour of the gambling regulator after the Camelot chief executive Sir Nigel Railton launched legal action claiming the body had [...]
Bitcoin price drops for fourth day straight June 30, 2022 The price of Bitcoin has slipped below $20k again this morning, having fallen for a fourth straight day to around $19,100.
Ryanair and pilot union Balpa reach agreement on post-Covid pay restoration June 30, 2022 Ryanair and UK pilot union Balpa have today reached an agreement on post-Covid pay restoration, after staff agreed to a 20 per cent salary cut during the peak of the pandemic. The airline pledged to pay restoration for its UK staff, as it forecasts this year it will grow by 115 per cent on pre-pandemic [...]
Bitcoin price to start recovery after final ‘washout’ of crypto winter, says Fundstrat June 30, 2022 Bitcoin could face one more crash before its price recovers. A final ‘washout’ could send the price of the biggest cryptocurrency plummeting to $13,000 before it starts to go up, analysis by financial research firm Fundstrat found. Bitcoin is currently trading around $20,000. “Most short-term technicals point to an above-average chance of a final ‘washout’-style [...]
Gazprom and Uniper shares plunge as fallout from Ukraine crisis deepens June 30, 2022 Shares at two of Europe’s largest energy firms have plummeted this week, as the gas crisis and between Russia and the West escalates.
Brexit: City minister says UK changes to EU financial services rules is not ‘race to the bottom’ June 30, 2022 The UK’s changes to the EU’s catalogue of financial services rules will not become a “race to the bottom”, City minister John Glen has vowed. Glen today said the government had “an unshakeable abiding interest in a prosperous Europe” and that “it is time to put to bed” the notion that the EU will have [...]
Bus cuts will only save TfL £35m a year when £730m needed under govt plan June 30, 2022 Transport for London’s (TfL) decision to axe or amend 78 of the current 620 bus routes will only lead to a £35m cost savings per year – when £730m is required from a government plan. TfL’s operating officer Andy Lord said the savings weren’t “an insubstantial amount in the context of savings we’ve got to [...]
Jacobi Asset Management to launch Europe’s first Bitcoin ETF on Euronext Amsterdam June 30, 2022 Jacobi Asset Management will launch the Jacobi Bitcoin ETF - listed on Euronext Amsterdam - from next month.
EU draws record gas supplies from UK as National Grid reveals emergency plan to cut flows to Europe June 30, 2022 The UK has exported record amounts of gas to the continent since March as EU member states scramble to fill their gas reserves ahead of winter.
Ex-education secretary Gavin Williamson takes up second job as chair of private education firm June 30, 2022 Former UK education secretary Gavin Williamson has taken a second job as an advisor to a private education company that previously donated £165,000 to the Tory party. The MP, who stepped down from his position as education secretary last year, will chair the advisory board of education company RTC Education Ltd after taking up a [...]
