RMT accuses government of torpedoing rail negotiations December 7, 2022 The union RMT has accused the UK Government of torpedoing negotiations, pushing a resolution of the rail dispute “further away.” Union bosses claimed today the Rail Delivery Group – which is negotiating on behalf of train operators – was instructed by the government to take on the strikes. “It is now absolutely clear that the [...]
BBC calls for more funds to battle Netflix December 7, 2022 The BBC have called for “serious public service investment” if it is to stand a chance against the likes of Netflix and Disney Plus. BBC Director-General Tim Davie said that the broadcaster needs more dosh to “avoid further cuts” and to survive what he called a “period of real jeopardy” for the media landscape. Speaking [...]
European IPO tech slump: London comes out on top December 7, 2022 The European tech industry has lost more than $400bn (£327bn) in value as dealmaking ground to a halt this year amid ongoing economic uncertainty. According to a report by London-based Atomico, tech startups across Europe are on track to raise $85bn (£70bn) in funding this year, down $15bn (£12bn) on 2021 levels. The report said [...]
Government approves first new coal mine in over 30 years December 7, 2022 The Government has granted permission for a new coal mine in Cumbria, the first deep domestic mine to be built in over 30 years.
EP: 173 Cheltenham & Hong Kong December 7, 2022 The December Gold Cup and the International Hurdle at Cheltenham headline the weekend jumps racing in the UK, weather permitting. There are four Grade 1 races with an international feel at Sha Tin racecourse this weekend and City AM Racing editor Bill Esdaile joins Wally Pyrah to preview the best of Sunday’s stellar card in Hong [...]
FTSE 100 knocked by BP and Shell tumbling as oil prices slump December 7, 2022 London’s FTSE 100 was dragged down today by BP and Shell sinking on oil prices taking a tumble. The capital’s premier index fell 0.43 per cent to 7,489.19 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 0.89 per cent to 18,930.57 points. Oil [...]
Lack of enforcement sees fraudsters resort to ‘brute force’ tactics, new report warns December 7, 2022 Fraudsters are increasingly resorting to “brute force” tactics, having been emboldened by a lack of consequences for those who are caught, a new report says. A lack of enforcement has seen fraudsters adopt increasingly unsophisticated methods, the report by Interpol and identity verification company Onfido says. The situation has seen criminals turn to using blanket [...]
Crypto firms will need ‘sterile corridors’ on our watch, FCA warns December 7, 2022 The UK’s financial watchdog said today it will ensure crypto firms have “sterile corridors” between the different products and services they offer, as it assesses the wreckage of collapsed exchange FTX and prepares to bring the sector into its remit.
UK risks green ambitions with levies and planning hurdles, warns Siemens Energy December 7, 2022 The UK's planning restrictions and levies on renewable producers threaten what should be an attractive market for green projects.
All Bar One owner Mitchells & Butlers complains of ‘significant uncertainty’ over energy bills next year December 7, 2022 Mitchells & Butlers has said “significant uncertainty” remains over the heftiness of its energy bill next year, as pub bosses have called for more financial aid. The All Bar One and Toby Carvery owner said its trading environment “remains very challenging,” as cost inflation headwinds were expected to be as much as 12 per cent [...]
