Just keep moving November 16, 2021 [Re: Uber’s model was rife with flaws but the gig economy deserves saving, yesterday] The piece in support of Uber is fair enough, but it ignores the fact that a lot of Uber traffic came from tempting people off of public transport. In doing so, it added to the problem of climate change and congestion, [...]
Nearly $500bn ‘lost to tax abuse’ by companies and elites in 2021 November 16, 2021 Countries have lost $483bn to tax abuse by multinationals and ultra-wealthy individuals, with the UK singled out as the world’s greatest enabler of global corporate tax abuse, according to a new report. The State of Tax Justice 2021 report found that the UK was responsible for nearly 40 per cent of the total losses this [...]
JP Morgan sues Tesla for $162m warrant dispute over Elon Musk tweet November 16, 2021 JP Morgan has sued Tesla for $162m and accused the EV carmaker of “flagrantly” breaching a contract related to stock warrants, after CEO Elon Musk threatened to take the company private in a 2018 tweet. According to the filing in New York on Monday, Tesla sold warrants to the US investment bank that would pay [...]
Christmas chaos as Heathrow inaccessible via Tube or rail November 16, 2021 Passengers will have to take the car if they want to go to Heathrow on Christmas and Boxing Day. Network Rail and Transport for London (TfL) will be in fact carrying out works on the railway network and Tube services to the airport, MyLondon reported. Network Rail will be carrying out signalling and HS2 work [...]
Mounting Bank of England rate hike speculation weighs on London markets November 16, 2021 Mounting speculation that strong jobs figures will coax the Bank of England into hiking interest rates next month weighed on London markets this morning. The capital’s FTSE 100 index pulled back 0.16 per cent to 7,340.28 points, while the mid-cap FTSE 250 lost 0.10 per cent to dip to 23,598.73 points. Experts are stepping up [...]
The spectrum of terror attacks November 16, 2021 Yesterday, the UK terror threat was raised to “severe” in the wake of the attack in Liverpool. Over the last decade, the bulk of attacks have been so-called “lone wolf” attacks. In contrast, the explosion outside Liverpool Women’s Hospital harks back to a more traditional view of terror. Anthony Richards, a terror expert at CoJit, [...]
Virgin Mobile ranked the most complained-about operator according to Ofcom November 16, 2021 Virgin Mobile was the most complained-about mobile operator, along with Three and Vodafone; while Tesco Mobile, BT Mobile, Sky Mobile, EE and O2 were all tied as least complained-about operators according to new Ofcom data.
Wagamama owner hikes full-year estimates after sales surge November 16, 2021 Wagamama’s owner has upgraded its estimates for the financial year, forecasting adjusted EBITDA of up to £79m. In a trading update published on Tuesday morning, The Restaurant Group said its venues had traded well with like-for-like sales outperforming the market. There had been strong sales across the Wagamama brand, as well as its pubs and [...]
City bets on Bank of England rate hike ramp up again after strong jobs figures November 16, 2021 City bets on the Bank of England hiking interest rates soon are ramping up once again after fresh jobless data showed the worst effects of the end of the furlough scheme have been largely avoided. The Old Lady will turn the dial at its next meeting in December due to the labour market looking less [...]
Imperial Brands announces strong results for ‘building foundations for future growth’ November 16, 2021 Tobacco giant Imperial Brands announces "important progress and significant change" with full year results.
