Southeastern and South Western passengers cleared to make £93m compensation claim October 19, 2021 Rail passengers are free to seek compensation for overcharging by Southeastern and South Western rail franchises. London’s specialist competition court has ordered that the claims, issued on behalf of millions of rail passengers, can now proceed to trial. The Competition Appeal said that both rail franchises failed to make ‘boundary fares’ sufficiently available to consumers. [...]
Advisers call on FCA to strengthen investor protections following Woodford collapse October 19, 2021 Financial advisers have called on the City’s watchdog to impose stronger investor protections where illiquid assets are held in funds, drawing on lessons learned from the collapse of Neil Woodford’s flagship fund. Since the fund was shuttered by former star stockpicker Woodford in late 2019, the biggest lesson learned among financial advisers was to give [...]
London Science Museum agrees coal producer sponsorship October 19, 2021 London’s Science Museum has pushed ahead with plans to pursue sponsorships from oil and gas companies. The institution has struck a deal with a subsidiary of Adani Group, which has coal mining operations in India, Indonesia and Australia. The group’s wind and solar energy arm Adani Green Energy will be the title sponsor of the [...]
Hong Kong Racing Tips: Parterre can keep up Millard’s rich vein of form in finale October 19, 2021 IT HAS been good to see former South African champion trainer Tony Millard regularly visiting the winners’ circle in the past month, with the likes of Sunday’s Group Two Sha Tin Trophy winner Panfield, Silver Fig, Resolute and CP Brave all contributing to the stables upturn in fortune. Yoo Yoo King would have been another [...]
Hong Kong Racing Tips: In-form Purton can Storm to more success October 19, 2021 WITH sunny intervals forecast in Hong Kong today, it’s back to normal for racegoers visiting Happy Valley, following last week’s cancellation due to Typhoon Kompasu flooding the territory. Leading jockey Zac Purton is guaranteed to arrive at the city track with a smile on his face following last Sunday’s four-timer at Sha Tin, which further extended [...]
Energy efficiency requirements may slow housing market October 19, 2021 The housing market may be stalled by government plans to require buyers to improve their new homes’ emergency efficiency under their mortgage terms. Property Mark, the trade body that represents letting agents, said the requirements – which have yet to be set out in detail – could initially deter people from moving homes. Mortgage lenders [...]
J&J pulls in $2.5bn from Covid-19 jabs alone, but slips below Wall Street forecasts October 19, 2021 Johnson & Johnson quarterly revenue slipped below Wall Street forecasts in its latest trading update, though the business giant turned Covid-19 vaccine maker pulled in $2.5bn from its jab sales. The vaccine sales figure comes despite a string of production setbacks, including quality issues at one of its single-dose vaccine manufacturing facilities – which saw [...]
Morrisons shareholders give seal of approval to $10bn CD&R takeover deal October 19, 2021 Shareholders in Morrisons have voted to approve a £7bn ($9.7bn) takeover bid from US private equity firm Clayton, Dubilier & Rice, in the official end to a long and heated takeover battle. British supermarket Morrisons said the required majority of three quarters of its shareholders backed the deal at a hybrid in-person and virtual investor [...]
Hospitality facing ‘terrifying’ rates of inflation October 19, 2021 The price of a meal out could rocket this autumn as hospitality chiefs have warned of a cocktail of cost pressures on businesses. Speaking to the Business, Energy and Industrial Strategy committee on Tuesday, Food and Drink Federation boss Ian Wright urged MPs to “think seriously about inflation in hospitality.” Price inflation for hospitality’s operational [...]
Scottish Power: energy price cap not working October 19, 2021 The UK’s energy price cap is not working and the country is now paying the price, argues the boss of Spanish energy giant Iberdrola. Ignacio Galan, chief executive of Iberdrola, which owns Scottish Power, believed that the price cap is a short-term solution to protect consumers that has caused long-term damage to the market. He [...]
