Ministers mull bailout of chipmaker Newport Wafer Fab May 29, 2022 The government is considering a taxpayer bailout of British chipmaker Newport Wafer Fab if its sale to a Chinese-owned firm is overturned on national security grounds. Business secretary Kwasi Kwarteng announced this week that he was using new powers in the National Security Act to review the sale of the Wales-based firm by Wingtech subsidiary [...]
Ukraine puts pressure on Germany to limit Russian gas through Nord Stream 1 pipeline May 29, 2022 Germany is under pressure to reduce its consumption from the Nord Stream 1 pipeline, as Ukraine looks to fund its war efforts through transit fees.
Nationwide boss takes aim at rivals over bank branch closures May 29, 2022 The outgoing chief executive of Nationwide Building Society has taken aim at rivals for shuttering swathes of branches around the country, as he doubled down on the firm's commitment to maintaining its high street presence.
Stick or twist: Ministers prepare to water down upcoming gambling review May 29, 2022 As the review for gambling legislation beckons, it is understood that ministers are rethinking what the industry has called "draconian" measures.
Cabinet minister ‘confident’ there was no Number 10 interference in Gray report May 29, 2022 Northern Ireland secretary Brandon Lewis has said he is “confident” there was no Number 10 interference in the Sue Gray report into partygate amid reports to the contrary. The Sunday Times reported today that three senior government officials, including top civil servant Simon Case, lobbied Gray to water down her report on the eve of [...]
Electric blankets saved customers £300 on their energy bills, says Octopus Energy May 29, 2022 Customers using electric blankets have cut their energy bills by nearly a fifth this year, revealed Octopus Energy.
RMT union boss says rail strikes now ‘very likely’ May 29, 2022 Widespread rail strikes are now “very likely” to happen soon, according to the boss of the UK’s largest transport union. The National Union of Rail, Maritime and Transport Workers (RMT) boss Mick Lynch said he “can’t see a way out from the strikes at the moment”, after the union voted this week to hit the [...]
EasyJet and Tui cancel flights ahead of school holidays and Jubilee Weekend May 28, 2022 Airlines EasyJet and Tui have said they plan to cancel hundreds of flights in the coming weeks, in disruption that threatens to cause chaos over Britain’s Jubilee Weekend. Budget airline EasyJet today said is set to cancel more than 200 flights over the next 10 days, just days after IT issues forced the firm to [...]
Venture capitalist Julie Meyer fails to overturn six-month suspended sentence May 28, 2022 Venture capitalist Julie Meyer has failed in her bid to overturn the six-month suspended sentence handed down to her in February, following her long-standing refusal to pay almost £200,000 in legal fees to London law firm Farrer & Co. At a hearing on Thursday, a Court of Appeals judge rejected the businesswoman’s appeal, as he [...]
US financial watchdog raises questions around Musk’s Twitter stake acquisition May 28, 2022 The US Securities and Exchanges Commission (SEC) has cast doubts over the legality of Elon Musk’s failure to properly disclose his acquisition of a 9.2 per cent stake in Twitter for $2.6bn, before launching his bid to takeover the social media firm. In an April 4 letter to the richest person in the world – [...]
