Serica Energy’s shares slide after underwhelming North Eigg update December 5, 2022 Serica Energy's shares plummeted on the London Stock Exchange after it reported underwhelming findings in the North Sea.
Platform staff call off strike on 17 December after breakthrough in negotiations December 5, 2022 Platform staff have called off an upcoming railway strike on Network Rail following a breakthrough in negotiations. The union TSSA said it was putting Network Rail’s offer to members, suspending its planned industrial action on 17 December. “This offer is the best we can achieve through negotiation, and it was undoubtedly improved because of the [...]
London venues warn they will haemorrhage sales if rail strikes go ahead this Christmas December 5, 2022 London restaurants have warned they will haemorrhage sales should planned railway strikes go ahead this month, as union bosses rejected a new pay offer over the week. Searcys champagne bar and restaurant chain, which has venues at the Gherkin and St Pancras International station, said it was worried it would take a 30 per cent [...]
Solicitors Disciplinary Tribunal chief steps down following office lease fiasco December 5, 2022 The head of the Solicitors Disciplinary Tribunal (SDT) has stepped down from her position following news the tribunal is being forced to exit its offices. SDT chief executive Geraldine Newbold’s exit follows news solicitors will be forced to pay an extra £1.2m towards the tribunal’s new premises after its landlord decided to sell the building [...]
Hospitality body calls for compromise over energy bills as firms face winding-up orders December 5, 2022 Energy firms should offer compromise solutions if business customers are struggling, argued the hospitality trade body’s chief.
City Hall politician warns Bolt of licence issues if workers’ conditions not improved December 5, 2022 A leading City Hall politician has warned ride-sharing app Bolt it could be barred from operating in the capital unless it improved its drivers’ pay and conditions. Labour transport lead Elly Baker has tweeted that Bolt should give its workers “the rights they deserve,” otherwise it would face “serious questions over its licence to operate [...]
Profits boom for Thames Water despite leak jump December 5, 2022 Thames Water posted nearly £400m in profits for the six months to September, despite the firm grappling with a jump in leaks during the scorching summer. The UK’s biggest water company said pre-tax profits were £398m, swinging from a pre-tax loss of £581m for the same period in 2021. Thames Water said it experienced an [...]
FTSE 100 lifted by China Covid-19 easing rumours December 5, 2022 London’s FTSE 100 was bumped higher today as investors were buoyed by signs Beijing is reeling back its tough zero-Covid policy. The capital’s premier index jumped 0.15 per cent to 7,567.54 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dipped 0.17 per cent to [...]
Bob Diamond’s acquistion vehicle abandons merger with crypto firm Circle December 5, 2022 Bob Diamond’s acquisition vehicle has scrapped a deal to take cryptocurrency firm Circle public today as the sector is rocked by the collapse of crypto exchange FTX and a slump in prices.
OPEC+’s production cuts reveal unsteady markets, say oil experts December 5, 2022 OPEC+'s decision to maintain its hefty output cuts reflects a lack of stability in global oil markets, argued analysts.
