Monzo ‘repeatedly failed customers’ by not sharing data, competition watchdog says July 26, 2022 The competition watchdog has accused Monzo of “repeatedly” failing its customers today after it found the digital lender had failed to share transaction data with people closing down their accounts.
From Premier Inn to Premier League: Outgoing Whitbread boss Alison Brittain is new football chair July 26, 2022 The Premier League has announce its new chair as the outgoing CEO of Premier Inn-owner Whitbread, Alison Brittain. The businesswoman was voted for “unanimously” by the football organisation board’s nomination’s committee as the successor to outgoing chair Gary Hoffman. She will take over from interim leader, Peter McCormick, in early 2023. Brittain, who announced her [...]
Easyjet mulls over compensation following airports’ caps July 26, 2022 Easyjet is mulling over compensation after airports around Europe introduced daily passenger caps to cope with the ongoing travel chaos. Chief executive Johan Lundgren told journalists it was “clearly something that we will be discussing individually with our partner operators” but refused to lay out further details. Airports where Easyjet operates such as Gatwick and [...]
CBI: Consumer spending smashes expectations, but deeper dip may be on the way July 26, 2022 Consumer spending is defying expectations and holding up better than feared amid sky high inflation, a new survey published today reveals. Retail sales volumes dipped to net a balance of minus four per cent this month, slightly lower than June, according to the Confederation of British Industry (CBI). But, the marginal drop was much better [...]
Holidaymakers urged to reclaim ATOL refund notes or lose out on £54m July 26, 2022 Holidaymakers have been warned not to miss out on £54m-worth of unclaimed ATOL refund credit by the Civil Aviation Authority. Many passengers have missed out on the chance to claim compensation from ATOL, a legal protection and requirement for package holiday bookings. The CAA warned that when a travel company goes under, from 30 September, [...]
Exclusive: Ministers plan ‘final salary’ pension reform as £1.7tn schemes face liquidity crunch July 26, 2022 Ministers have announced plans to ramp up regulatory scrutiny of ‘final salary’ pension schemes today amid fears that rising interest rates and soaring inflation will leave some schemes facing a liquidity crunch this year.
City grandee says Boris Johnson told him he wants to stay as PM July 26, 2022 Boris Johnson told a City grandee and Tory peer that he wants to stay on as Prime Minister and does not want to resign. Lord Peter Cruddas, who is a major Conservative donor, is running a “bring back Boris” campaign to keep Johnson in Number 10 through a vote of Tory grassroots members. Cruddas told [...]
Crypto markets drop again as investors eye incoming interest rate announcement July 26, 2022 Crypto markets drop again as investors eye incoming interest rate announcement
JD Sports set to announce former B&Q executive as new CEO July 26, 2022 A former boss at B&Q is being touted to take the reins at JD Sports Fashion to replace the brand’s long-term CEO who stepped down over board disagreements. Frenchman Regis Schultz is set to take over at the sportswear fashion giant according to Sky News’ Mark Kleinman. City sources said the agreement could be signed [...]
OneWeb and Eutelsat ink £2.8bn deal to forge satellite powerhouse July 26, 2022 British satellite darling OneWeb and French competitor Eutelsat confirmed this morning that they will push ahead with the £2.8bn merger. Eutelsat is set to suspend its dividend for two years to pump investment into OneWeb’s low-Earth orbit satellite network, as part of the all-share deal. The deal is intended to forge a satellite powerhouse to [...]
