Travel businesses need to be eligible for government energy cap September 8, 2022 Travel businesses should be eligible for the government’s cap on energy bills, according to travel association ABTA. ABTA, which represents UK travel agents, said the sector should receive financial support as it is heading into the low travel season with many companies still recovering from the pandemic’s impact. “With a fiscal statement expected later this [...]
Truss says UK will be ‘deeply concerned’ as Queen under medical supervision September 8, 2022 Liz Truss has said the entire country will be “deeply concerned” by the news that the Queen has been put under medical supervision at Balmoral as messages of support flood in from across the world. The Prime Minister said “my thoughts – and the thoughts of people across our United Kingdom – are with Her [...]
Crypto comes to the Commons September 8, 2022 "There is no inevitability that blockchain adoption would see us all roll away to hell in a crypto-crashed handcart," argues Lord Holmes.
European Central Bank fires record rate rise shot to tame scorching inflation September 8, 2022 The European Central Bank (ECB) today hiked interest rates by the biggest amount since its creation in 1999 as it steps up its fight against a historic inflation surge on the Continent. President Christine Lagarde and co lifted borrowing costs in the bloc of 19 countries using the euro 75 basis points. The move takes [...]
Cornwall Insight eases price cap predictions amid supply boost September 8, 2022 Cornwall Insight has eased its predictions for the price cap over the coming months - although rates will remain historically high.
Cazoo shuts EU operations down as it targets return to profitability September 8, 2022 Online car retailer Cazoo announced on Thursday it will shut down its EU operations as it targets a return to profitability by the end of next year. The company reported in August a £243m half-year loss, which prompted a review of its business. Cazoo said its EU operations would require additional external capital, which is [...]
Funding Circle slashes guidance as profits tumble September 8, 2022 Lending platform Funding Circle slashed its guidance for the year today as it reported a plunge in profits to £1.6m in the six months to June.
DWF bolsters offerings through acquisition of specialist cost-cutting firm Acumension September 8, 2022 London listed law firm DWF has acquired a specialist cost cutting company Acumension as it continues to expand its services offerings. The deal will see the law firm almost double the size of its DWF Costs business by taking on board Acumension’s 47 cost reduction specialists. DWF Costs, one of the UK’s largest legal cost [...]
Hospitality bosses slam government’s ‘drip fed support’ on mounting energy bills September 8, 2022 Hospitality leaders have said the government’s freshly announced energy bill support is a drop in the ocean compared to the mounting costs facing the sector. Prime Minister Liz Truss has revealed a six month scheme to support businesses, offering equivalent support as for households. The scheme will be reviewed in three months to see if [...]
Liz Truss’ government must not keep science on the backburner, urges hVIVO CEO September 8, 2022 Liz Truss’ new cabinet must not allow science to be kept on the backburner, the CEO of hVIVO, formerly Open Orphan, told City A.M. today. “One of the key things for me is to realise that the science industry played a significant role in fighting the pandemic,” CEO Yamin ‘Mo’ Khan said. “Without the vaccines, [...]
