Motorists have ‘right to know’ why fuel costs surge, says the RAC June 29, 2022 Motorists have “a right to know” why fuel prices at UK forecourts continue to rise despite a slump in wholesale costs. Leading motoring group the RAC has accused fuel retailers of “inexplicably” rising costs after petrol yesterday reached a new record high of 191.2p while diesel stationed at 199p per litre – 0.1p less compared [...]
Scammers make off with £1.3bn amid surge in sophisticated fraud June 29, 2022 Scammers made off with over £1.3bn last year after a surge in sophisticated fraud schemes targeting UK bank customers, new data has revealed. Around £730.4m was taken via unauthorised fraud schemes, in which the holder does not provide authorisation, but authorised push payment (APP) fraud rose significantly to £583.2m losses, a new report by industry [...]
Sales at Morrisons drop as supermarket boss cites ‘very fragile’ trading environment June 29, 2022 Supermarket Morrisons has seen sales drop by 6.4 per cent in the second quarter of the year, blaming a “very fragile and difficult consumer environment.” In a trading update for the 13 weeks ending 1 May, the grocer said it had experienced a “very challenging” trading environment with cash-strapped Brits tightening their belts as inflation [...]
Crypto hedge fund Three Arrows Capital falls into liquidation June 29, 2022 Cryptocurrency hedge fund Three Arrows Capital has succumbed to liquidation, becoming one of the early victims of the current downturn in the crypto markets.
PwC hires 50 ESG focused interns as Big Four seek to capitalise on sustainability push June 29, 2022 PwC is set to bring in 50 new interns entirely focused on climate and ESG amid a race amongst the world’s biggest companies to capitalise on the rise of sustainability reporting. The Big Four firm said 50 of its 500 new interns will be focused on matters concerning ESG. PwC’s ESG chief Zubin Randeria said [...]
Bad luck for Camelot as High Court lifts stay on handing over National Lottery licence to Allwyn June 29, 2022 Camelot has lost its legal battle to block the National Lottery licence handover to Allwyn. Allwyn UK said in a statement this morning: “Today’s ruling is good news for The National Lottery; it enables the Gambling Commission to move forward to award Allwyn the Fourth National Lottery Licence”. “Mrs. Justice O’Farrell was clear that the [...]
Twitter storm after Halifax Bank announces staff can wear badges with pronouns on June 29, 2022 Halifax Bank has caused a social media storm after announcing its employees will have the option to include pronouns on name badges. Twitter users reacted furiously after the bank shared an image on social media showing a staff member’s badge, including ‘she/her/hers” and “Pronouns matter. #ItsAPeopleThing”. The post has had more than 5.5k replies so [...]
Guess who’s back: TfL restarts Night Tube services on Northern line from Saturday June 29, 2022 Transport for London (TfL) has announced it will restart Night Tube services on the Northern line from Saturday, two and a half years after they were initially suspended. The Northern line is the latest to see the return of the Night Tube, after services were reinstated on the Victoria and Central lines in November 2021 [...]
Are we heading for a global recession? June 29, 2022 Keith Wade, Chief Economist, discusses what central bankers’ next move might be, what markets are pricing in and what the probability of a recession is. People are worrying about a global recession and with good reason. But what if the factors driving rising prices are beyond the limits of policymakers’ control? The squeeze on living [...]
Aslef chief calls Grant Shapps ‘either inept or a liar’ after speech earlier today June 29, 2022 The Aslef union has slammed Grant Shapps for lying in a speech he made earlier today, where he accused railway unions of standing in the way of modernisation by carrying out strike action. “We’ve got to get out of these 20th century work practices in order that the whole thing works together and provides a [...]
