Environment secretary calls for widespread hosepipe bans August 7, 2022 More widespread hosepipe bans should be enforced by water firms across England as fears grow about a potential drought in the South, according to the UK’s environment secretary. George Eustice today said it was “right” firms had already taken action and introduced water restrictions, while calling for further interventions. Last month was the driest July [...]
Government launches security investigation into National Grid pipeline sale August 7, 2022 The Government has launched an investigation into the overseas takeover of the UK's main natural gas pipeline.
Vue cuts valuation to £650m after July’s restructuring deal August 7, 2022 Vue International has cut its valuation to £650m following a £1bn restructuring deal announced last month. The UK-headquartered cinema chain said in July it was considering a £1bn takeover from lenders which would see its former majority shareholders ousted, the Sunday Times reported. As part of the takeover, the cinema chain also negotiated its exit [...]
Gordon Brown says UK needs emergency budget to combat ‘financial timebomb’ August 7, 2022 The government needs to set an emergency budget or millions of Brits will face “a winter of dire poverty”, according to Gordon Brown. The former Prime Minister today said families are facing a “financial timebomb” in October as inflation continues to climb and Ofgem prepares to lift the energy price cap again. There are fresh [...]
Week ahead: City braces for soft economy data and US inflation figures August 7, 2022 Top of City traders’ minds this week will be whether fresh GDP figures reveal the UK is already in the early stages of the drawn out recession the Bank of England forecast last week. Despite the economic doom, London’s FTSE 100 was broadly stable, edging 0.16 per cent lower to close the week at 7,439.74 [...]
Tory leadership: Truss and Sunak pledge cost of living help worth billions August 7, 2022 Rishi Sunak and Liz Truss have pledged billions of pounds worth of cost of living help as Britons face down further inflation increases. Truss, the frontrunner to be the next Prime Minister, told The Telegraph she would rush through £30bn+ in tax cuts months earlier than planned to combat the expected increases in inflation in [...]
UK’s biggest container port in Felixstowe braced for eight days of strikes August 6, 2022 The UK's biggest container port in Felixstowe is set to be hit by strikes for eight days this month in a dispute over pay, after workers turned down a seven per cent pay rise.
Warren Buffett’s Berkshire Hathaway books $43.8bn loss after slide on equity markets August 6, 2022 Warren Buffett’s Berkshire Hathaway was hit by the global rout on equity markets in the second quarter of the year as it booked a hefty $43.8bn loss.
Twitter takeover should go ahead if it coughs up proof of accounts, Musk says August 6, 2022 Elon Musk has revived hopes that his Twitter takeover may go ahead after writing the deal should proceed “on its original terms” if the social media site provides its method for confirming accounts are genuine.
Next poised to snap up major stake in fashion firm Joules August 6, 2022 Retail giant Next is in talks to snap up a major stake in London-listed fashion firm Joules, according to reports today.
