Ministers branded ‘snowflakes’ for trying to curtail protests because they ‘cry into their port in the evening’ March 1, 2022 Ministers are “snowflakes” and are trying to curtail protests because they “cry into their port in the evening when people say things that they don’t like”, MPs heard. Labour MP Lloyd Russell-Moyle (Brighton Kemptown) told the Commons: “The Government didn’t like the Black Lives Matter protests when tens of thousands of young people went onto [...]
Steepest rise since 2013: Train fare hike of almost 4 per cent to hit commuters from TODAY March 1, 2022 Train passengers in England and Wales face an increase in fares of up to 3.8 per cent from this morning. It is the steepest increase since January 2013, according to figures from industry body the Rail Delivery Group (RDG). Therefore, the Government has been accused of adding to the cost of living crisis following the [...]
Warner Bros, Walt Disney and Sony pull out as Hollywood studios cancel movie releases in Russia March 1, 2022 Warner Bros, Sony Pictures and The Walt Disney Company all said they are pausing, cancelling or delaying the release of films in Russia in response to the ongoing conflict in Ukraine. The entertainment giants all announced the decisions on Monday evening as Russian military forces continued their attacks on Ukrainian cities. Violence continues to rage [...]
Ukrainians made up half of all UK temporary worker visa applications in 2021 March 1, 2022 Around 45 per cent of applications for UK temporary work visas last year were made by Ukrainian nationals, who accounted for 19,858 of the total 44,114 applications made last year, according to new data shared with City A.M. this morning. There was also an unusually high number of applications from Russian nationals, who accounted for [...]
Petrol prices hit £1.51 per litre as cost of living crisis deepens February 28, 2022 UK petrol prices have broken records yet again following Russia’s invasion of Ukraine, which has further driven fears of supply shortages and seen oil prices spike to over $100 per barrel for the first time since 2014. The latest fuel watch figures from motoring group RAC reveal that unleaded petrol hit a peak on Sunday, [...]
FCA fines Barclays for oversight failings as bank agrees to compensate customers of collapsed Premier FX February 28, 2022 City watchdog the Financial Conduct Authority (FCA) said this morning it has fined Barclays Bank £783,800 for oversight failings in its relationship with collapsed payments firm Premier FX. Barclays was Premier FX’s sole banker in the UK. “The financial penalty takes into account that Barclays has agreed voluntarily to cover the losses of Premier FX [...]
Shares in BP slump sharply following decision to sell stake in Russian oil giant Rosneft February 28, 2022 Shares in BP slumped sharply after the markets opened lower again in London. The oil giant initially dropped by as much as seven per cent, before moving back to roughly 5.58 per cent lower at 363p per share following its decision to sell its nearly 20% stake in Russian oil business Rosneft. The FTSE 100 [...]
Ukraine war day four: Russian Army enters country’s second-largest city as fighting continues February 27, 2022 Russian troops have entered Ukraine’s second-largest city of Kharkiv and fighting is under way in the streets, Ukrainian authorities have said. Oleh Sinehubov, head of the Kharkiv regional administration, said Ukrainian forces are fighting Russian troops in the city and asked civilians not to leave their homes. Russian troops approached Kharkiv, which is located about [...]
Weekend Exclusive: Lloyds banker turned charity guru Bernie Hollywood OBE on mental health in the City February 27, 2022 Londoner Bernie Hollywood OBE spent nearly a decade as a corporate banker at Lloyds Banking Group’s HQ at 25 Gresham Street in the City. These days, he is determined to make a difference: next year, the 63-year-old is rowing the Atlantic to raise funds for youth mental health. City A.M. caught up with him to [...]
‘It was either streaming, scrabble or lingerie’: Sales at Samantha Cameron’s favourite lingerie firm get 200 per cent pandemic boost February 27, 2022 A UK-based lingerie and swimwear company once favoured by Samantha Cameron said this weekend it has seen a 200 per cent spike in lingerie sales during the pandemic as customers looked to spice up their bedroom attire. The founder of Pour Moi said he saw customer numbers soar to help sales reach £31m in the [...]
