New justice secretary Brandon Lewis faces calls to ‘open negotiations’ with barristers September 7, 2022 Former secretary of state for Northern Ireland Brandon Lewis is set to succeed Dominic Raab as the UK’s new justice secretary. The 51-year-old MP for Great Yarmouth is set to face immediate pressure from striking barristers following calls from the chair of the Criminal Bar Association for “substantial positive movement” from the government. The appointment [...]
London’s FTSE 100 hit by slumping energy prices and downturn jitters September 7, 2022 London’s FTSE 100 today was ensnared by investors fretting over a slowdown in the world economy and falling energy prices. The capital’s premier index dropped 0.86 per cent to 7,237.83 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, edged 0.05 per cent lower to [...]
North Sea watchdog waiting on Government to begin oil and gas licensing September 7, 2022 The North Sea Transition Authority is still waiting for the Government to define the environmental criteria for oil and gas exploration.
Liz Truss energy price freeze would peg inflation, BoE chief economist says September 7, 2022 LIZ Truss’s plan to freeze energy prices would prevent inflation from scaling to its highest level since 1980, but interest rates may have to stay higher for longer, the Bank of England’s top wonk said today. Huw Pill, the monetary authority’s chief economist, told the commons treasury committee that the new prime minister’s cost of [...]
North Sea body and unions warn offshore workers against wildcat strikes September 7, 2022 The UK's leading North Sea body has warned against wildcat strikes tomorrow, as have unions including GMB, RMT and Unite.
Ryanair boss O’Leary expresses doubts over Boeing deliveries September 7, 2022 Ryanair’s boss Michael O’Leary has voiced doubts over Boeing’s ability to deliver an order of 737 MAX aircraft. “They are running late at the moment, there are problems with production in Seattle and we want to understand those problems,” O’Leary told journalists on Wednesday. According to the chief executive, Ryanair has ordered 210 737 MAX [...]
Jones Day to host fintech day in San Francisco September 7, 2022 Global law firm Jones Day has launched FinAccelerate - an accelerator program to help arm selected fintech start-up companies with legal knowledge.
Pound sinks to lowest level against US dollar since 1985 September 7, 2022 The pound today sunk to its lowest level against the US dollar since 1985, driven by investors sweating over the health of the UK economy and a borrowing splurge. Sterling fell to $1.1406 briefly today, marking another dismal milestone for the currency. The last time the pound fell that low was when Margaret Thatcher was [...]
Cineworld files for bankruptcy in the US September 7, 2022 Cineworld has filed for bankruptcy in the United States, as things go from bad to worse for the beleaguered cinema chain. The cinema chain announced last month that it was voluntarily seeking a Chapter 11 bankruptcy filing in the US, sending shares down 25 per cent. Shares in Cineworld have been in freefall in the past few weeks, with [...]
TfL warns of Boris bikes’ suspension this weekend amid e-bikes roll-out September 7, 2022 TfL has warned Londoners that they will not be able to use Boris bikes this weekend as the public body is rolling out a new electric fleet. The cycle hire scheme will be suspended from 10pm on Friday to 6am on Monday, to allow the network’s system to be upgraded. “I am delighted to be [...]
