Letters: Steer clear of risky debt April 11, 2022 [Re: Shoppers turn to buy now, pay later amid cost of living crunch, March 21] Buy now pay later is quickly changing the face of consumer finance. If used in the right way, the benefits it can bring to consumers are enormous. But – and it is a big “but” – this is no ordinary [...]
Easter chaos continues as UK airlines axe dozens of flights April 11, 2022 Easter’s travel chaos doesn’t show any signs of easing as UK airlines continue to axe dozens of flights. British Airways (BA) announced today it has slashed a further 64 flights to and from Heathrow – affecting both domestic routes such as Aberdeen and Edinburgh as a well as services to European getaways like Berlin and [...]
Going green: Eden Project plots new base in Canary Wharf April 11, 2022 City workers in Canary Wharf could soon be treated to lush green public spaces on the doorstep of their offices.
Commuters face delays as Metropolitan line undergoes safety checks April 11, 2022 Commuters on the Metropolitan line are facing severe disruption today due to safety checks being carried out aboard trains. Londoners are expected to experience massive delays between Baker Street and Aldgate, while minor hold-ups are reported on the rest of the line. Transport for London (TfL) introduced a new timeline after it has identified issues [...]
Explainer-in-brief: Energy strategy won’t push prices down for years to come April 11, 2022 When asked about the effect the newly unveiled energy strategy would have on prices, business secretary Kwasi Kwarteng replied“the impact could be very soon”. By very soon, he specified, he meant three or four years. Now, we know a transition to sustainable energy produced here takes time. No government could simply do some magic and [...]
Pret A Manger plots dozens of new sandwich shops in Republic of Ireland and Northern Ireland debut April 11, 2022 Sandwich chain Pret A Manger has announced plans to open up stores in the Republic of Ireland and Northern Ireland for the first time. The new openings follow an agreement of terms being reached with franchise partner Carebrook Partnership Ltd. Some 20 Pret shops will be opened across the island, creating some 500 jobs, the [...]
Japan demands companies top up LNG to stave off supply shortages April 11, 2022 Japan has demanded domestic power companies top up liquefied natural gas (LNG) reserves and share energy resources.
Goldman Sachs launches European assets to over £460bn with latest £1.4bn deal April 11, 2022 Goldman Sachs has launched its assets under management north of $3 trillion, after taking over a Dutch investment firm. The Wall Street giant has snapped up NN Investment Partners from the NN Group for €1.7bn (£1.4bn). As part of the transaction, Goldman Sachs Asset Management will manage an around $180bn (£138bn) portfolio of assets for [...]
UK warns Russia may use phosphorous bombs during assault on besieged city of Mariupol April 11, 2022 The UK has warned Russia may use phosphorous during its continued assault on the besieged city of Mariupol, based on its “prior use” while attacking the Donetsk. In an intelligence statement by the Ministry of Defence, it said previous usage of the chemical weapon “raises the possibility of their future employment”, as fighting over the [...]
Walgreens faces losing billions on Boots sale as former suitors CVC and Bain suggest lower price tag April 11, 2022 The US pharmacy giant behind Boots could lose out on billions after the chemist was valued much lower than initially hoped. Walgreens has been eyeing a £7bn sale of the UK company, however a consortium involving private equity firms CVC and Bain withdrew from takeover talks in March. According to The Telegraph, the two former [...]
