London venture firm Pact launches £30m seed fund November 24, 2022 Female-led venture capital investor Pact has revealed its first £30m seed fund today as it looks to pump cash into early-stage startups across Europe.
Pound reverses all damage done during Liz Truss premiership November 24, 2022 The pound has strengthened to its highest level against the US dollar in three months, reversing all the damage done to the currency since Liz Truss’s ill-fated premiership. Sterling today climbed 0.7 per cent against the greenback, hitting $1.21. A combination of the US Federal Reserve signalling it will slow its aggressive interest rate hike [...]
Banks may sabotage plans to reimburse scam victims, MPs warn November 24, 2022 Lawmakers are set to scrutinise plans to force banks and building societies to pay back victims of scams amid concerns banks may sabotage the plans with misleading delays, a committee announced today.
London investment will come roaring back after drop-off, says British Business Bank November 24, 2022 London’s firms will be forced to weather a sharp drop-off in deals in the coming months before they rebound in full force, a top official at the British Business Bank has warned.
Mick Lynch: Strikes are STILL going ahead despite ‘positive meeting’ with Transport sec November 24, 2022 Rail union boss Mick Lynch has said the upcoming strikes will go ahead despite a “positive meeting” with transport secretary Mark Harper. “We won’t be any closer [to calling off the strikes] until we have a reasonable offer on the table that we can put to our members,” Lynch told journalists on Thursday following his [...]
China Covid-19 cases hit record high as Beijing postpones ‘reopening’ November 24, 2022 Daily Covid-19 cases in China have hit a record high, cementing a fresh wave of concern that the country will not ‘open up’ after all. Wednesday saw 31,527 cases recorded compared with an April peak of 28,000. The figures are relatively small for the country of 1.4bn people. Beijing’s controversial ‘zero-Covid’ policies were hoped to [...]
‘Rapidly escalating threat’: Environmental groups call for single-use vape ban November 24, 2022 Environmental groups have called for the sale of single-use e-cigarettes to be banned due their “rapidly escalating threat”. In an open letter to environment secretary Thérèse Coffey and health secretary Steve Barclay, 18 environment and health groups, including Green Alliance and RSPCA, argue that disposable vapes are “unnecessary electrical items” that contain single use plastic, [...]
Binance chief poised to snap up $1bn distressed crypto assets November 24, 2022 The chief of crypto exchange Binance said he may snap up $1bn worth of distressed assets in the sector as firms fail amid the shockwaves of FTX’s collapse.
Workers supplying KFC, Burger King and Greene King latest join to picket line November 24, 2022 Hundreds of workers who deliver food to chains like Burger King and KFC are to walk out this winter, as well as employees who brew and distribute Greene King drinks. Workers for the food delivery firm behind KFC, Burger King, Pizza Hut and Wagamama are set to strike over a pay dispute, GMB union bosses [...]
Brexit: Business groups and unions call for delay of EU legislation bonfire November 24, 2022 Leading British business groups and unions have called on Rishi Sunak to delay post-Brexit plans to shred all retained EU laws by 2023. In a letter signed by more than a dozen institutions – including the Institute of Directors and Trades Union Congress (TUC) – the groups said the plans would “cause significant confusion and [...]
