Wizz Air’s boss under fire following comments on staff reporting fatigue June 9, 2022 Wizz Air’s boss Jozsef Varadi has come under fire after he made comments against pilots reporting symptoms of fatigue. In an internal video leaked yesterday, the chief executive was heard telling staff to “go the extra mile.” “We cannot run this business when every fifth person of a base reports sickness because that person is [...]
Truck makers ‘cartel’ to face landmark £2bn opt-in lawsuit over decade long price fixing scheme June 9, 2022 A UK competition tribunal has given a trucking industry trade body the green light to bring forward a more than £2bn opt-in claim against a “cartel” of European truck makers, over allegations they fixed the prices of lorries for more than a decade. The UK’s Road Haulage Association (RHA) trade body’s claim is set to [...]
Johnson unveils series of housing reforms to increase home ownership June 9, 2022 Boris Johnson has launched a “mortgage review”, which will look at ways at extending low deposit home loans, as a part of a series of newly unveiled housing reforms. Number 10 said the review would “look at what other countries are doing and see if we can further extend opportunities in the mortgage market” and [...]
European Central Bank confirms first rate rise in over a decade next month June 9, 2022 The European Central Bank (ECB) today confirmed it will hike rates for the first time in over a decade in a sign that the era of loose policy and low inflation is coming to an end. President Christine Lagarde and co said the central bank will lift rates 25 basis points next month, which will [...]
Train driver union announces additional rail strike over pay June 9, 2022 Train driver union Aslef has announced its members working for Hull Trains, Greater Anglia and Croydon Tramlink will strike at the end of June over salaries. Hull Trains train drivers will strike for the whole of 26 June, while Greater Anglia’s workers will walk out on 23 June, which coincides with the second of a [...]
Apple goes solo for buy-now pay-later snubbing Goldman June 9, 2022 Apple has snubbed banking partners Goldman Sachs for its new buy-now pay-later offering, instead opting for its own in-house team to manage the service.
Private healthcare giant Mediclinic rejects £3.4bn offer from consortium June 9, 2022 Private hospital operator Mediclinic has rejected a £3.4bn takeover approach from a consortium including billionaire luxury goods tycoon Johann Rupert. In an update on the London Stock Exchange, the Mediclinic board confirmed that it received an unsolicited and conditional proposal from a consortium on 26 May 2022. The consortium consisted of South African investment firm [...]
Deloitte denies claims it is set to follow EY by splitting its business in two June 9, 2022 Deloitte has said claims it is considering splitting itself up, and spinning off its consulting business, are “categorically untrue”. The Big Four accountancy firm denied claims it is mulling over a split, after the Wall Street Journal yesterday reported that Deloitte is exploring the options of separating out its global audit and consulting practices. Instead, [...]
Gas prices spike after explosion at US LNG plant leaves Europe scrambling for supplies June 9, 2022 Freeport LNG, which operates the largest US export plants producing LNG, will cease trading for three weeks, raising fears of supply shortages.
Michael Owen gets a red card from UK advertising watchdog over crypto tweets June 9, 2022 Michael Owen broke the law after promoting an unlicensed cryptocurrency casino to the public on Twitter earlier this year.
