EE teams up with Nokia to boost network coverage on 200 UK streets March 7, 2022 EE has deployed 200 mobile radio cells across its UK network to boost capacity in high demand areas, allowing customers to benefit from download speeds up to 300Mbps. Small cells help provide better coverage for customers at street level, where it’s often impractical to build larger sites, and 300Mbps can be quantified as downloading a movie [...]
Watchdog gives Amigo Loans green light to resume lending following customer compensation backlash March 7, 2022 Shares in the sub-prime lender Amigo Loans soared as much as 81 per cent this Monday after a financial regulator said the firm could resume lending subject to conditions and if its new business rescue plan was approved by the High Court. Amigo’s stock took a beating last year after the High Court stated that it [...]
A growing list: TMF Group closes services to all Russian clients March 7, 2022 The TMF Group is to stop services to all Russian clients, it confirmed in a statement. The professional services group joins a growing list of businesses who have halted their operations in the country following its invasion of neighbouring Ukraine. The Amsterdam-headquartered firm said that as people and banks are added to sanction lists, from [...]
International aid: UK pumps an extra $100m into Ukrainian economy March 7, 2022 The UK has injected another $100m (£75.7m) in Ukraine’s economy, to help keep the country’s finances stable as it fends off Russia’s unprovoked invasion. It takes the figure of UK backing to a little over £295m, and is likely to be used to support public sector salaries, critical state functions, as well as to protect [...]
Soaring oil prices create panic among most UK drivers March 7, 2022 Soaring oil prices continue to create panic among UK drivers, as growing numbers continue to be concerned about filling up their tanks. As a result of the ongoing Ukrainian conflict and consequences on oil prices as well as because of soaring inflation, UK petrol prices have risen last week to £1.55 per litre for diesel [...]
Russia to open more civilian exit routes following two failed attempts March 7, 2022 Russia is to open ‘humanitarian corridors’ this morning in several Ukrainian cities, according to state media reports. It follows two similar moves over the weekend, as Russia outlined routes for civilians to escape the attack safely, which failed when Russian troops continued to shell the path, according the International Committee of the Red Cross and [...]
South Kensington’s The Exhibitionist Hotel sold for £10.6m March 7, 2022 BNP Paribas Real Estate has sold the iconic The Exhibitionist hotel in South Kensington for £10.6m to an undisclosed buyer. Following a competitive bidding process on behalf of its unnamed client, the 37-bed freehold boutique hotel on Queensberry Place was snapped up for 15 per cent over its quoting price; it is the first time [...]
Cadent Gas workers to strike following pay increase rejection March 7, 2022 Workers at British energy provider Cadent Gas are expected to vote in favour of industrial action after they rejected a 4 per cent pay rise. The union GMB said its members had turned down the pay increase because it’s below the current inflation rates of 7.8 per cent. “Like everyone up and down the country, [...]
FCA looks to make fair loans more accessible amid cost of living squeeze March 7, 2022 The Financial Conduct Authority is looking to incentivise firms to offer vulnerable borrowers fairer loans following the slow demise of payday loans. The UK’s high-interest loan market has shrunk considerably in the past few years, with the market exit from Provident Financial and troubled Amigo which has been batting off insolvency. The watchdog, which [...]
Clarkson delivers 19th consecutive year of growth as profit up 55 per cent March 7, 2022 Integrated shipping services giant Clarkson has delivered its 19th consecutive year of growth, registering a 55.3 per cent surge in profit. In the year ended 31 December, the group reported an underlying profit before taxation of £69.4m, with earnings per share going up 56.2 per cent to 165.6p. “Our record 2021 results are testament to [...]
