Explainer-in-brief: a social tariff to keep the heating on April 20, 2022 Energy bosses yesterday called for a social tariff to try and ease pressures on those hit hardest by the spike in energy prices. Such a plan would require the government to implement legislation for a tariff below the Ofgem price cap – which is subject to variability in energy prices. It would require each provider [...]
Film and TV’s pandemic recovery: Keep the show on the road April 20, 2022 A government scheme kept production firms going during Covid-19. As the scheme closes, Leah Montebello asks whether the City is ready to step in.
33 reasons not to invest in the stock market April 20, 2022 Wars, natural disasters, economic strife, and pandemics – the last four decades have challenged and affected people’s attitude towards investing. In many cases they make an already tough decision to commit your money to investments even harder, leading some to not invest at all. Behavioral scientists have a name for this: loss aversion. They estimate [...]
Johnson: BBC and Archbishop Welby ‘less vociferous’ in criticism of Putin than Rwanda refugee policy April 20, 2022 Prime minister Boris Johnson has hit out at the BBC and Archbishop of Canterbury over criticism of his controversial Rwanda refugee policy. The embattled PM accused the national broadcaster and Anglican leader of being “less vociferous” in their criticism of Vladimir Putin’ war in Russia, than the policy, according to the Telegraph. This comes after [...]
Fake reviews and ‘subscription traps’ could be illegal under new proposals April 20, 2022 Fake reviews and "subscription traps" are set to be made illegal under new laws.
Brewing concern: Heineken warns inflationary pressures could mean beer sales fall later this year April 20, 2022 Brewing giant Heineken said it sold more beer than expected when European bars reopened, meaning it will maintain its guidance despite volatility from war in Ukraine. Beer sales rose to a greater extent than anticipated in the first quarter, the Dutch business said. Volumes rose 5.2 per cent on a like-for-like basis compared to the [...]
Cyber hack leaks personal details of UK government employees, which appear on Russian sites April 20, 2022 A suspected cyber attack leaked personal information of UK government employees, which appeared on Russian online sites. The foreign office launched an urgent investigation into the alleged hack, as it seeks to explore the origin of the leak amid fears a hostile foreign state was involved, according to the Telegraph. It told City AM we [...]
Exclusive: Kent on the UK’s energy transition plans April 20, 2022 City A.M. spoke with energy services group Kent, after the government finally unveiled its energy security strategy this month.
Russia’s Gazprombank requests $288m repayment from gold producer Petropavlovsk April 20, 2022 Russian gold producer Petropavlovsk has received a request from Gazprombank for an immediate repayment of $288.1m. Gazprombank, which has been heavily sanctioned by the UK government amid the war in Ukraine, has demanded repayment of some $201m for a term loan. The company has also requested repayment of approximately $87.1m, due under the group’s Russian [...]
Toasting to success: Naked Wines sees lifted sales as loyal customers return to purchase drinks April 20, 2022 Online wine seller Naked Wines has raised a glass to results in-line with expectations after crediting high levels of returning customers. In an update for the fiscal year ended 28 March, the Norwich-based retailer said performance was in-line with expectations. Trading was driven by repeat customer sales, strong retention and demand from existing members, the [...]
