Fear is being weaponised against the good intentions of cryptocurrency August 29, 2022 Dr Chris Kacher explores how sowing the seeds of fear, uncertainty and doubt in different fields have a knock-on effect for cryptocurrency.
Baker Hughes staff in Scotland begin walk out over contract changes August 29, 2022 Over 100 staff at Baker Hughes operations in Scotland began a two week strike today over the company’s use of ‘fire and rehire’ tactics. Trade union Unite estimates that the contractual changes put forward by Baker Hughes – one of the world’s largest oil field services companies – would wipe off 29 per cent of [...]
Unions plan to coordinate future strikes August 29, 2022 Trade unions are working on plans to coordinate strike action over the coming months, as workers from all sectors across the country go on strike in search of inflation-busting pay rises. A motion has been drafted for the upcoming TUC Congress that calls for a more joined-up approach to industrial action. The motion, which was [...]
FTSE Reshuffle: Abrdn head for trap-door from the FTSE 100 August 29, 2022 FUND MANAGER Abrdn is set to exit the FTSE 100 this week as part of a wider FTSE reshuffle. Shares in the asset manager have fallen just shy of 40 per cent since the turn of the year, with analysts blaming global uncertainty and economic troubles. “Huge geopolitical uncertainty, sky high inflation and worries about [...]
Asda eyes up Co-op’s petrol business in £450m bid August 29, 2022 Asda is the front-runner to buy approximately 130 petrol stations and convenience stores from the Co-op Group’s petrol forecourt business in a £450m swoop.
Truss tax cuts: Wonk warning on hit to public finances August 29, 2022 LIZ TRUSS’ planned tax cuts would “completely crash the public finances,” warned the boss of one of the UK’s foremost economic think-tanks, the Institute of Fiscal Studies. Prospective new Prime Minister Liz Truss is expected to announce an emergency budget early on in her administration if she, as expected, is made leader of the Tory [...]
Uniper asks Berlin for more help, raising bailout to £16bn August 29, 2022 German energy giant Uniper has asked Berlin’s government for additional funding, raising the total bailout sought to €19bn (£16bn). The company said its current liquidity was impacted by the West’s standoff with the Kremlin over energy supplies and the consequent surge in costs. “As Russia does not honour its supply contracts, we have to buy [...]
Tory leadership election: Let’s hope for some fresh ideas from new PM August 29, 2022 To paraphrase the former US President Gerald Ford, we are approaching the end of our national nightmare. The Tory leadership election finally comes to an end this time next week, when the new Prime Minister will travel to Buckingham Palace to inherit an in-tray of what would no doubt be described by Whitehall mandarins as [...]
Zaporizhzhya nuclear plant: UN team moves in as shelling nearby risks leaks August 29, 2022 A TEAM from the United Nations’ nuclear watchdog touched down in Ukraine yesterday amid ongoing concern that Europe’s largest nuclear power plant in Zaporizhzhya is becoming a hotspot for conflict. The Zaporizhzhya plant sits on the Dnipro River and has been under Russian control since March, though remains staffed by Ukrainians. Shelling in the vicinity [...]
National Lottery licence winner Allwyn posts strong quarter despite consumer squeeze and legal battle August 29, 2022 Allwyn, the winner of the fourth National Lottery licence, has posted strong quarterly results this morning despite weaker consumer sentiment and its ongoing tussle for the lucrative contract.
