MPs urge Liverpool FC to cut ties with Standard Chartered over support for Hong Kong security law July 31, 2022 MPs have urged Liverpool football club to break its sponsorship deal with Standard Chartered over the the bank’s past support for a draconian national security law in Hong Kong. In a letter to Billy Hogan, the football team’s CEO, MPs and peers from the All-Party Parliamentary Group on Hong Kong highlighted that following mounting authoritarianism [...]
UK government must wake up to clinical research slowdown, industry body warns July 31, 2022 A slowdown in clinical research could hold Britain back in its bid to become a life sciences superpower, an industry body has warned. In a letter to Rishi Sunak and Liz Truss, the Association of the British Pharmaceutical Industry (ABPI) said “alarm bells” should be ringing across the government, the Sunday Telegraph reported. The letter [...]
Fulham Reach Boat Club raises funds for charity with 20km rowing challenge July 31, 2022 Fulham Reach Boat Club has taken on The Thames in a 20km rowing challenge to raise money for its own charity and the RNLI.
Chancellor resumes efforts to woo Arm away from Nasdaq listing July 31, 2022 Chancellor Nadhim Zahawi has resumed the UK Government’s efforts to woo Cambridge-based chip maker Arm away from a New York listing and back to London. Zahawi – who was appointed Chancellor following Rishi Sunak’s resignation in early July – has reportedly contacted Masayoshi Son, chief executive of Arm’s parent company SoftBank. SoftBank was in talks [...]
Water sector debt risks market crisis warns watchdog July 31, 2022 Water utilities loaded with debt are at a growing risk of collapse as interest rates rise, argued David Black, chief executive of Ofwat.
Hinkley Point B set for closure as winter crisis looms July 31, 2022 Hinkley Point B is set to close next week, leaving the UK with only five operating nuclear power stations this winter.
Russia ramps up pressure on Europe as it halts flows into another EU country July 31, 2022 Latvia is the latest European country to be cut off from Gazprom's gas flows, as Russia puts more pressure on Europe this winter.
Toyota to leave UK if government bans hybrids July 31, 2022 Toyota has threatened to stop manufacturing in the UK if the government goes ahead with its plans to ban the sale of hybrid cars from 2030. The marquee told government officials the ban would constrain “manufacturing, retail and other business activities” as well as “future investment.” “If the government adopts an SZEC [significant zero emission [...]
Week ahead: City braces for biggest Bank rate hike since independence July 31, 2022 The City will this week be bracing for what could be the steepest interest rate rise since February 1995. London’s premier FTSE 100 index posted a strong performance last week, climbing just over two per cent to 7,423.43 points. The mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK [...]
Air traffic boss gets £1.2m bonus as industry battles with travel chaos July 31, 2022 Martin Rolfe, boss of government-backed air traffic control operator NATS, has received a £1.2m bonus as aviation continues to battle travel delays and disruption. The payment is part of a five-year bonus dated back to 2015, which was due to be paid in June 2020, the Sunday Telegraph reported first. But following the pandemic’s impact [...]
