Bitcoin hovering around $20k, while altcoins struggle June 29, 2022 The price of Bitcoin (BTC) has again slipped below $20k, having spent the beginning of the week hovering just above $21k.
Premier Inn-owner Whitbread selects Domino’s Pizza chief to head up hospitality giant June 29, 2022 Premier Inn owner Whitbread has selected Domino’s Pizza boss Dominic Paul as its new chief executive. Paul will leave his role at Domino’s Pizza in December 2022, the pizza chain confirmed on Wednesday. He will step into the shoes of Alison Brittain, who has overseen the historic 280-year-old company over the past six years. Paul headed [...]
Explainer-in-brief: About all those green jobs June 29, 2022 One of the key tenets of Boris Johnson’s “green revolution” strategy has always been the creation of jobs. In 2020, the prime minister claimed his green plan would bring 250,000 new jobs, mainly to the North and the Midlands. In the last two years, he’s made this promise many times, often to convince the most [...]
DeFi-ing the rules: five opportunities and five risks of decentralised finance June 29, 2022 In the Star Wars universe, the Force is a mystic energy field generated by living beings that binds the galaxy together. The ability to wield the Force gives Jedi Knights their superhuman abilities, making them peacekeepers of the galaxy. But how powerful would the Jedi be if every ‘transaction’ that used the Force had to [...]
Government to review short term holiday lets like Airbnb in tourist hotspots June 29, 2022 The UK government said on Wednesday it was launching a review into short term rentals in popular tourism areas in England, including Airbnbs. Ministers said they wanted to support rental platforms like Airbnb but acknowledged concerns that such businesses could drive communities out of their area – for example if landlords opt to run their [...]
London markets follow Wall Street lower as rate hike jitters ramp up June 29, 2022 London markets followed their Wall Street counterparts lower today as investors fretted over the pace of rate hikes by central banks to tame inflation. The capital’s premier FTSE 100 index dropped 0.44 per cent to 7,291.48 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]
Digital debt collector braced for ‘uncomfortable’ growth amid soaring cost of living June 29, 2022 The boss of fintech debt collector Ophelos said the cost of living crunch would lead to a surge in demand for its services this year as it revealed a fresh £5m funding round today to double down on growth.
Used car dealer Lookers sees profits drop 10.5 per cent after record 2021 June 29, 2022 Second-hand car seller Lookers said it has maintained “strong momentum” in the first half of 2022, after its pre-tax profits dropped 10.5 per cent compared to the record performance last year. The Greater Manchester car dealership posted pre-tax profits of £45m for the first half of 2022, compared to “record” pre-tax profits of £50.3m [...]
Fast growing UK firms shelve IPO plans amid market turbulence June 29, 2022 Fast growing UK firms are shelving plans for initial public offerings in droves as a looming recession and inflationary pressures batter public markets, a survey has revealed.
Ofgem pledges not to raise energy bills with £20bn-plus grid upgrade June 29, 2022 Ofgem has pledged to boost grid capacity with a new £20bn-plus package, while also imposing new demands on network operators.
