EDF adds to calls for deficit fund to prevent millions falling into fuel poverty August 25, 2022 EDF has called for a historic Government intervention to avoid tens of millions of Brits plunging into fuel poverty this winter.
Law firm sues Ghislaine Maxwell over unpaid legal fees August 25, 2022 A Colorado law firm is suing British socialite Ghislaine Maxwell over claims she failed to pay $878,302.66 (£742,000) in legal fees. Law firm Haddon, Morgan and Forman has filed a claim against Maxwell in a Denver district court, after acting on her behalf in the high-profile sex trial that saw her jailed for 20 years. [...]
Woman wins tribunal against Swiss Re over executive’s sexist comments August 25, 2022 A former underwriter at Swiss Re has won an employment tribunal against the world’s biggest reinsurance company, after a senior executive at the firm told her: “If I had breast like yours, I would be demanding too.” Julia Sommer, a political risk underwriter at the Swiss insurer, is now set to receive a payout, after [...]
Carbon dioxide shortage: No taxpayer bailout forthcoming this time August 25, 2022 THERE will be no repeat of a taxpayer-backed financial package to tackle the country’s coming carbon dioxide shortage, City A.M. understands. Ammonia producer CF Fertilisers yesterday announced it would be halting production of the fertiliser at its Teesside plant due to too-high energy costs. Carbon dioxide is produced as a by-product of that process and [...]
Citi to wind up Russia operations as Wall Street giant fails to find a buyer August 25, 2022 Reuters Wall Street giant Citi will close its consumer and commercial banking businesses in Russia starting this quarter and expects to incur about $170 million in charges over the next 18 months as a result, the company said on Thursday. The U.S. bank with the largest presence in Russia announced plans in April 2021 to [...]
Soaring inflation risks creating UK property ‘insurance gap’ August 25, 2022 SOARING inflation in the construction sector threatens to create a major “insurance gap” amongst UK policyholders, London headquartered insurer Chaucer has warned. Sharp increases in the costs of building materials could leave homes and businesses underinsured, as policies fail to cover the cost of repairing and rebuilding damaged properties, research carried out by the Lloyd’s of [...]
Tesla accused of silencing safety campaigners demonstrating against driverless technology August 25, 2022 Tesla was accused of silencing safety campaigners after it sent a cease and desist letter to US organisation the Dawn Project. In the letter, the electric car titan required the Dawn Project to take down its TV commercials, which show a driverless Tesla running down child-sized mannequins as part of a safety test. According to [...]
Quality Street tub shrinks once again as inflation bites for Nestlé August 25, 2022 Nestlé has shrunk the size of its Quality Street tubs once again this year as inflation takes a bite into profits.
Prudential shares continue to slide as Covid hits insurer’s profits August 25, 2022 Shares in Asia-focused insurer Prudential continued to slip over the previous day as investors maintained their scepticism towards the firm’s claims its recent losses are simply the result of Covid. The London listed firm’s shares have lost more than 30 per cent of their value since the start of 2022, as stringent Covid policies across [...]
London’s FTSE 100 struggles for direction ahead of Jackson Hole August 25, 2022 London’s FTSE 100 struggled for direction today driven by investors seemingly holding positions until central bankers signal at Jackson Hole how firm they will be with taming inflation. The capital’s premier index added 0.11 per cent to reach 7,479.74 per cent, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
