‘I won’t soak the City’: Starmer promises not to hike bank taxes if elected December 8, 2022 Sir Keir Starmer has promised not to carry out a tax raid on the banks if he is made Prime Minister as he continues his electoral pitch to the City. The Labour leader said he would not slap a windfall tax on City financial services firms or hike the banking surcharge during Labour’s business conference [...]
Border Force strike: Suella Braverman warns Britons to ‘think carefully’ about Christmas plans December 8, 2022 Home secretary Suella Braverman has warned Britons going away for the festive period to “think carefully” about their Christmas plans. Braverman’s remarks come after Border Force staff at several UK airports – including Heathrow and Gatwick – announced their plans to strike for eight days, between 23 and 26 as well as 28 and 31 [...]
Wise shares tumble after analysts predict ‘disruptor will get disrupted’ December 8, 2022 Shares in fintech firm Wise have plummeted today after a note from investment bank Liberum told investors to dump the stock over mounting competition fears.
Successful low orbit satellite trial helps World Mobile accelerate Africa mission December 8, 2022 Blockchain-based communication network World Mobile is ramping up its operations across Africa following successful tests of low earth orbit satellites.
Asda slashes petrol prices after CMA review December 8, 2022 Asda has slashed petrol prices at the pumps over the past two days, opening up the possibility of a price war with its supermarket rivals.
Hargreaves Lansdown appoints Dan Olley as new chief December 8, 2022 Hargreaves Lansdown announced that Dan Olley would take over the reins of the trading platform from next year as Chris Hill prepares to step down after six years in charge.
CMA slaps BMW with fine for not complying with probe request December 8, 2022 The Competition and Markets Authority has slapped BMW with a £30,000 fine for not complying with an information request. The watchdog – which has also added a daily penalty of £15,000 – believes the German marque is withholding information regarding a probe from earlier this year. Launched in March, the investigation focused on suspected anti-competitive [...]
Ryanair: O’Leary’s contract extended until 2028 as £86m bonus still on cards December 8, 2022 Ryanair’s boss Michael O’Leary has seen his contract extended until July 2028, in a deal that could make him earn up an extra €100m (£86.3m). Chairman Stan McCarthy said the contract extension was reached following “extensive engagement with large shareholders and proxy advisors,” but will still be subjected to shareholder approval. As part of his [...]
Flat market shows crypto investors are waiting for a sign December 8, 2022 Bitcoin continues to trade below the key $17,000 level at $16,832, while Ethereum is hovering around $1,233 this morning.
Labour MP Conor McGinn suspended after internal complaint December 8, 2022 Labour has suspended MP Conor McGinn from the party pending investigation. It is understood the St Helens North MP was suspended after a complaint was lodged through the party’s independent process. According to the Guardian, McGinn said the claims were “entirely unfounded”. It has been confirmed he’s been administratively suspended as a member of the [...]
