British Gas to offer struggling customers £750 payments to help with energy bills January 27, 2022 British Gas customers could receive up to £750 to help with their energy bills, with the price cap expect to rise by 50 per cent later this year.
Treasury Committee chair joins chorus of MPs urging government to ditch national insurance hike January 27, 2022 The chair of an influential group of cross-party MPs that scrutinise the government’s spending plans has joined the chorus of policy makers calling for the national insurance hike to be scrapped. Tory MP Mel Stride, who chairs the Treasury Committee, urged the government to cancel the looming 1.25 percentage point national insurance rise to ease [...]
London markets mixed as banks soar on looming rate hikes January 27, 2022 London markets were a mixed bag today despite banks surging on the prospect of the global economy lurching into a period of higher interest rates. The capital’s premier FTSE 100 index closed 1.13 per cent higher at 7,554.31 points, while the domestically-focused FTSE 250, which is more aligned to the health of the UK economy, [...]
Corbin & King ‘under siege’ from investor Minor International January 27, 2022 The founder of the restaurant chain behind the Wolseley has reassured customers the business is in “rude financial health” after it was plunged into administration this week. Administrators from FRP were appointed for Corbin & King earlier this week, although the chain’s restaurants have continued to trade. Founder Jeremy King has now hit back once [...]
Exclusive: Fireblocks valuation climbs to $8bn in $550m funding round January 27, 2022 Digital asset custodian Fireblocks has scored a bumper $8bn valuation following a $550m series E funding round.
Coinme hires former FBI agent to keep up with ‘rapidly evolving’ regulation January 27, 2022 Cryptocurrency exchange Coinme has hired a former FBI special agent as its first in-house lawyer, in a bid to keep on top of the “rapidly evolving global regulatory landscape” facing the crypto industry. The Seattle-based crypto exchange said it had brought in veteran counter-fraud expert Tom Davis to serve as its first general counsel. Coinme [...]
What are ghost flights and what is the debacle around them? January 27, 2022 EasyJet’s chief executive Johan Lundgren this morning told investors the airline was in favour of airport slot rules going back to “a normalised delineation,” saying the carrier will not be forced to operate ghost flights to retain its slots. “We should remember that the reason why [governments] made these exceptions was because restrictions were in [...]
Nadhim Zahawi was ‘instrumental’ in helping Greensill become Covid lender January 27, 2022 Education secretary Nadhim Zahawi was allegedly “instrumental” in helping failed financial firm Greensill Capital lend £400m of Covid loans that are now subject to a fraud investigation, it has been revealed Greensill Capital, who collapsed in March last year and counted David Cameron among its employees, lent £400m of government-backed loans to Sanjeev Gupta’s GFG [...]
Analysts predict record quarter for Apple as iPhone loyalty drives confidence January 27, 2022 Wall Street estimates that Apple will continue its stellar performance in this evening’s quarterly results, predicting revenue to hit $118bn in the build-up to Christmas. If analysts are correct, this would mean a higher revenue for Apple than in any previous quarter. A significant amount of revenue is expected to come from the iPhone, which is [...]
Mastercard revenue inches past forecasts as travel spending makes a comeback January 27, 2022 Mastercard had its revenue inch past analyst forecasts over the past three months, as travel spending on its cards returns to pre-pandemic levels. Beyond a spike in international travel spending, which had been weighed down by the Omicron wave which began late last year, domestic spending also rose in its fourth quarter. Cross border volumes [...]
