British Steel pension members set for £49m redress, FCA announces November 28, 2022 More than 1000 former members of the British Steel pension scheme are set to be paid £49m after the UK’s financial watchdog ruled they received wrong advice from financial advisors looking to pocket huge fees.
Historical moment: Rolls-Royce and Easyjet announce world’s first hydrogen engine run November 28, 2022 Rolls-Royce and Easyjet have made aviation history as they announced today the first successful run of a hydrogen-powered plane engine. The test was conducted using a hydrogen demonstrator powered by wind and tidal energy generated in the Orkney Islands. Rolls-Royce’s chief technology officer Grazia Vittadini said it was a “landmark achievement.” “We are pushing the [...]
Rio Tinto to set up Juukan Gorge Foundation in attempt to heal reputation November 28, 2022 Rio Tinto is to create a foundation to support cultural projects in Western Australia, as it seeks to heal its reputation following the fallout of the Juukan Gorge controversy. The mining giant has agreed with traditional landowners within the Puutu Kunti Kurrama and Pinikura (PKKP) Aboriginal Corporation that it will fund “major cultural and social projects”, [...]
Shapps intervention urged to stop energy suppliers ‘finding routes to inflate’ bills for SMEs November 28, 2022 The business minister has been asked to intervene to stop energy suppliers from hiking prices for small businesses. Some small firms have complained that their energy costs continue to climb, despite the government’s energy bill relief scheme. The Federation of Small Businesses (FSB) has written to Grant Shapps to urge him to prevent suppliers from [...]
Retail sales fall off cliff in November in sign of Christmas spending slump November 28, 2022 Retail sales have fallen off a cliff, pushed by consumers reining in spending as scorching inflation eats away at their finances, a new survey out today reveals. A net 19 per cent of retailers said spending fell over the year to November, down from a net rise of 18 per cent in October, according to [...]
Bob Dylan apologises for using machine to ‘hand-sign’ new £495 book November 28, 2022 Bob Dylan has issued a public apology after using a machine to “hand-sign” limited-edition copies of his new book, Philosophy Of Modern Song. In a rare statement, the 81-year-old music legend said it was an “error in judgement” to use a machine, blaming pandemic complications and vertigo for his decision making. “So, during the pandemic, [...]
Bitcoin down on the day but up over the last week as markets adopt a scarlet tone November 28, 2022 Bitcoin is trading at $16,220 this morning, down 1.8% in the last day, but the flagship cryptocurrency has gained 1.07% over the last week.
Finance boss at Inchcape quits after ‘personal behaviour falls short’ November 28, 2022 Inchcape’s chief financial officer has stepped down with immediate effect after displaying “personal behaviour falling short” of the company’s standards at a recent event. Gijsbert de Zoeten quit over the revelations this morning, in a statement put out by the company, forfeiting his long-term incentive plans (LTIPs) as well as any bonuses. By contract he [...]
Explainer-in-briefs: Finding the energy for a fight over energy November 28, 2022 After housing, the next cause of rebellion for Conservative MPs seems to be energy. Last week ex-prime ministers Boris Johnson and Liz Truss joined the rebellion on onshore wind, siding with those who want to see the ban on new planning permissions removed. It is interesting, given that Johnson wasn’t a fan of onshore wind [...]
Brits told to cut energy usage as Government unveils £1bn insulation support November 28, 2022 Households will be advised by the Government to lower boiler flow temperatures and turn down radiators in empty rooms.
