Sunak warns energy companies ‘no option is off the table’ amid calls for a windfall tax May 17, 2022 Domestic energy companies could still face a windfall tax this year, if they fail to invest in the UK's energy sector, warned Chancellor Rishi Sunak.
Exclusive: Online card fraud incidents across TfL spike in 2021 despite a fall in travel numbers May 17, 2022 Despite a Covid-induced slump in travel numbers, the number of online card fraud incidents on Transport for London’s (TfL) railway network spiked in 2021. According to TfL data obtained through a Freedom of Information (FOI) request, the number of online fraud incidents increased 31.8 per cent to 655 in 2021, going up from 497 a [...]
Trevor Steven: Why Europa League success would be priceless for Rangers May 17, 2022 The fact that 100,000 Rangers supporters are expected to migrate to Seville this week for the Europa League final tells you just how big a game it is for my old club. Eintracht Frankfurt may be the favourites to lift the trophy on Wednesday night in southern Spain but I believe Rangers have a real [...]
Wages trail inflation as Brits brace for cost of living crunch to enter most damaging spell May 17, 2022 Brits’ spending power is being crimped at a historic rate, but is set to plunge even quicker as the cost of living crunch enters its most damaging period, reveals official figures published today. Regular pay adjusted for inflation dropped at the fastest pace in nearly a decade over the last quarter to March, falling 1.2 [...]
Tennent’s Lager maker sells minority stake in Admiral Taverns pubco May 17, 2022 Bulmers maker C&C group intends to sell its entire minority interest in pub operator Admiral Taverns to Proprium Capital Partners for £55m. The drinks firm invested in the community pub chain in a joint venture with Proporium in September 2017. In C&C’s full year results published on Tuesday, it revealed the sale of the shares [...]
Russia brands G7 plan to use frozen assets in Ukraine’s rebuild ‘outright theft’ May 17, 2022 Using Russia’s frozen reserves to rebuild Ukraine would be “outright theft” according to the Kremlin. A new proposal from G7 leaders to seize assets from Moscow to finance the reconstruction of decimated Ukraine has been condemned by Russia. The proposal was made by German finance minister Christian Lindner, who according to Reuters, said proposals were [...]
Market stabilisation charges yet to be triggered confirms Ofgem May 17, 2022 Market stabilisation charges have not yet been applied to the domestic energy market, revealed regulator Ofgem.
AerCap posts $2bn net loss as jets remain stranded in Russia May 17, 2022 AerCap has posted a $2bn net loss in the first three months of 2022 as more than 100 of its jets remain stranded in Russia following the invasion of Ukraine. The world’s largest aircraft lessor said today that after sanctions were imposed on Moscow by the West, 113 of its jets and 11 engines remained [...]
TfL forecasts costs of fixing bridges and tunnels will exceed £35m May 17, 2022 Fixing London’s tunnels and bridges will cost Transport for London (TfL) a total of more than £35m by financial year 2024/2025. According to documents released ahead of tomorrow’s committee meeting, TfL has set aside £6.8m for interim and reactive safety measures during the coming financial year, spending £6.2m last year on interim and reactive safety [...]
Big institutions still investing heavily in cryptocurrency May 17, 2022 Massive financial institutions remain unmoved in their plans to plough billions into investing in cryptocurrency.
