IMF economy warning reverses FTSE 100 gains despite Unilever’s best efforts July 26, 2022 A bleak set of projections from the International Monetary Fund (IMF) pegging UK growth as the worst in the G7 weighed on London markets today. The capital’s premier FTSE 100 index remained unchanged, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 1.18 per cent [...]
TalkTV Tory leadership debate halted after ‘medical issue’ July 26, 2022 Tonight’s TalkTV/The Sun debate between Rishi Sunak and Liz Truss finished prematurely, after the moderator fainted on stage. A NewsUK spokesperson said Kate McCann, political editor at TalkTV, was fine but that it was decided the debate should not continue. A loud crash was heard about 30 minutes into the debate and a visibly shaken [...]
Government doesn’t know whether traffic-light travel system worked July 26, 2022 The UK Government doesn’t know whether the traffic-light system implemented during the pandemic worked. According to a report published today by the Public Accounts Committee (PAC), ministers spent £486m on travel measures to contain the spread of Covid but “did not track its spending on managing cross-border travel or set clear objectives.” The group of [...]
Volodymyr Zelensky pays tribute to Boris Johnson as he receives Churchill Award July 26, 2022 Volodymyr Zelensky has praised Boris Johnson’s role in helping Ukraine in its war against Russia as he received a Sir Winston Churchill Leadership Award in a Downing Street ceremony. Zelensky said that Ukraine was “not left alone” when Russia invaded its neighbour on 24 February and told Johnson that “this award is yours as well”. [...]
EU finalises compromise deal to cut gas usage ahead of winter July 26, 2022 EU member states have settled on a diluted emergency plan to curb gas demand this winter in case Russia turns off the taps this winter.
UK sinks to bottom of G7 growth league amid global economic downturn July 26, 2022 The global economy could be hurtling toward one of the sharpest slowdowns in recent memory, with the UK plummeting to the bottom of the G7 growth league, the International Monetary Fund (IMF) warned today. A full shut off of Russian gas flows to Europe and more upside inflation shocks would plunge growth into among the [...]
Tube workers to strike on 19 August over pensions and salaries July 26, 2022 Members of the union RMT working for London Underground have announced they will walk out on 19 August in a dispute over jobs and pensions. The union said the walk out – the latest straw in the UK’s “summer of discontent” – was prompted by TfL’s refusal to share the details of the government’s long-term [...]
Exclusive: Yü Group’s boss warns against over-regulating energy market at expense of innovators July 26, 2022 Reforms to the energy sector risk reverting the market back to only a few big suppliers, warned Yü Group boss Bobby Kalar.
Shares in UPS dip despite posting an unexpected profit July 26, 2022 Delivery giant United Parcel Service (UPS) defied expectations today, posting a more upbeat quarterly profit. The company warned back in April that it expected volumes to shrink in the first of the year as the pandemic momentum slows and more and more people return to the high-street. However, thanks to prioritisation of more expensive shippings [...]
District, Bakerloo, Elizabeth lines and Overground to be disrupted by tomorrow’s rail strike July 26, 2022 London tube services are set to be impacted by tomorrow’s rail strike – the first of a three-day walk out called by the union RMT over job cuts and salaries. Transport for London (TfL) warned commuters to check before they travel as services on the District, Bakerloo, Elizabeth lines as well as the London Overground [...]
