Waiting game for Bitcoin as investors anticipate tomorrow’s interest rate clues August 25, 2022 Most major cryptocurrencies continue to trade sideways this morning, with the price of Bitcoin again holding at just below $22k.
Explainer-in-brief: The problems with freezing the energy price cap August 25, 2022 In the UK, the energy price cap – decided by Ofgem – sets the maximum price you can be charged for kilowatt hour. In short, it doesn’t put a cap on how high your total bill can get, but it regulates how it is calculated. The cap is reviewed every three months. In response to [...]
British Gas to donate 10 per cent of profits to help household energy bills August 25, 2022 British Gas will donate 10 per cent of its profits to help households grapple with soaring energy bills for the “duration of the energy crisis”. Parent company Centrica took home some £1.34bn in profits in the first six months of the year, representing a vast five-fold increase on earnings of £262m this time 12 months [...]
Amazon to wind down staff telemedicine service months after expansion pledge August 25, 2022 Amazon is reportedly set to wind down its in-house telemedicine service designed for its employees, on the basis of it not working in the long-term. The technology giant said Amazon Care will close by the end of the year, just months after the group said it would expand the offering across 20 new cities. The [...]
Boris Johnson: We’re paying higher energy bills due to Putin, Ukraine is paying in blood August 25, 2022 As Brits face soaring energy bills in part due to Russia’s war in Ukraine, outgoing prime minister Boris Johnson said they should take on the burden because “the people of Ukraine are paying in their blood”. The soon-to-be former prime minister made his remarks during a surprise visit to Kyiv as Ukraine marked its 31st [...]
Hays’ shareholders to catch £170m windfall amid skills shortage August 25, 2022 Hays, the FTSE recruitment giant, is planning to return nearly £170m in dividends to its shareholders, as “acute skills shortages” mean the company can hike its fees. Bosses plan to dish out some £47.3m in core dividends, and a special dividend of £121.2m, rewarding shareholders with “significant cash” worth £168.5m, chief executive Alistair Cox said [...]
Ukraine war: Russia kills 22 in missile strikes on rail station August 25, 2022 At least 22 people are said to have been killed during two missile strikes on a Ukrainian rail station, as Kyiv marked its 31st annual day of independence from Moscow. The attack on Chaplyne, 90 miles west of Russian-occupied Donetsk, was announced by President Volodymyr Zelenskiy during a video address to the United Nations yesterday. [...]
Amigo customer base halves despite promises to return to lending August 25, 2022 Amigo’s customer base has halved over the past year, despite promises it will return to lending by February next year and undergo a capital raise. The beleaguered lender, which stopped lending in 2020 in order to deal with mis-selling complaints, has also had its revenue plummet nearly 70 per cent in the three months to [...]
Government must support UK science firms in shouldering cost pressures, says ABPI president August 25, 2022 The Government must help paint a positive picture for the pharmaceutical industry via increased support, so that CEOs feel encouraged to shoulder the cost pressures hitting the sector, the president of the Association of British Pharmaceutical Industry (ABPI) told City A.M. The industry is currently navigating staff shortages, inflation as well as dwindling investment, which [...]
We should be encouraging more savings for retirement, but instead we’re capping them August 25, 2022 You may not have heard of them yet, but pension dashboards promise to be the next big thing for retirement savers. Just like your mobile banking app, they will allow savers to access all of their pension schemes in one place. They are another example of technology making personal finance more efficient. What’s more, their [...]
