L&G chiefs lay blame for LDI pension crisis at Truss’s door November 22, 2022 Legal & General chiefs said no one could have predicted the “extraordinary instability” that rocked pension funds in the wake of Liz Truss’s ’mini-budget’ today, as they pointed the finger squarely at the government for the scale of the crisis.
Zoom shares down 90 per cent from pandemic high as it slashes revenue forecast November 22, 2022 Zoom’s share price continued to tumble a further nine per cent today, after the pandemic darling slashed its annual revenue forecast. The drop adds to its near 60 per cent fall in the year to date, with a 90 per cent plunge since October 2020. It comes as the tech firm struggles to adapt in [...]
EU Commission unveils price limit for gas price cap ahead of crunch talks November 22, 2022 The European Union's executive arm has proposed a year-long gas price cap of €275 per megawatt hour on the Dutch benchmark.
Competition watchdog launches deeper probe into Apple and Google’s mobile dominance November 22, 2022 Competition regulators continue to cast their net towards Google and Apple, with a new in-depth investigation launched this morning over their mobile browser dominance. The Competition and Markets Authority (CMA) said it would be examining whether new rules are needed for users and developers in this space after it conducted a consultation. Around 97 per [...]
Fresh rail strikes in December and January to disrupt festive period November 22, 2022 Britons can expect a disrupted festive period as railway union RMT announced today a few 48-hour strikes across December and January following a breakdown in industrial relations. More than 40,000 members working at Network Rail and 14 other train operating companies will walk out on 13, 14, 16, 17 December as well as 3, 4, [...]
Leisure chain introduces ‘extraordinary’ limits at 200 centres amid high energy bills November 22, 2022 A major leisure centre chain is introducing limits across 200 of its leisure centres to cope with soaring energy bills. Greenwich Leisure Limited, known as Better Leisure, announced its “extraordinary winter programme” this week, ahead of colder months with expected eye-watering energy costs. It made the announcement because its energy bills have tripled since pre-pandemic [...]
Egg supply crisis: Tesco introduces buying limits as JD Wetherspoon changes menu November 22, 2022 Tesco is the latest chain to introduce limits on egg purchases owing to shortages and high costs. The supermarket told City AM it is introducing a limit of three boxes per customer to prevent shelves going empty. This comes after the British Egg Council warned the public that a the industry has been dealing with [...]
UK fintech ‘can’t assume talent will continue to flow from abroad’, warns sector chief November 22, 2022 The UK’s fintech industry cannot “rest on its laurels” and presume that a stream of talent will continue to flow in from overseas, the incoming chief of a government-backed fintech body has warned.
British defence titans boosted by global tensions November 22, 2022 Britain’s defence titans are benefiting heavily from the volatility sweeping the geopolitical stage, with profits on the rise, full-year outlooks cemented and blockbuster contracts in the pipeline. London-listed defence engineer Babcock today posted a underlying operating profit of £121.7m for the six-months ended to the end of September, compared to £115.3m a year earlier. Meanwhile [...]
‘Cutting through the noise’: Autonomous vehicle developers call on Gov to press ahead with legislation November 22, 2022 Developers of self-driving cars are calling on the UK Government to press ahead and deliver regulation on autonomous vehicles. “We need to make sure that we cut through the noise and that the government hears the message loud and clear,” Sarah Gates – head of public policy at autonomous vehicle (AV) technology developer Wayve – [...]
