Britons brace themselves for hour-long queues at Dover ahead of school break July 21, 2022 People embarking on their well-deserved summer holidays are currently stuck in hour-long bottlenecks at the port of Dover. Ferry operator P&O told passengers to “allow sufficient time” to clear the queues before checking in. “There are currently major queues at border controls in Dover,” the company said in a tweet. “If you miss your ferry, [...]
Don’t read too much into Elon Musk’s ditching of Tesla Bitcoin holdings, says former banking chief July 21, 2022 The founder of a major investment bank has branded Elon Musk's Bitcoin dealings as "inefficient and unattractive" to Tesla stakeholders.
High street moves: Whitbread boss Alison Brittain set to join Dunelm board July 21, 2022 Whitbread’s outgoing boss Alison Brittain is set to take on a non-executive director role at homeware brand Dunelm. Brittain will join the Dunelm board in early September, with it expected that she will succeed Andy Harrison as chair in September 2023. Brittain announced she was departing from the Premier Inn owner and FTSE-100 business earlier [...]
Government’s plans for Solvency II shakeup will force insurers to hold more capital on their books, sector warns July 21, 2022 Insurers have called on the UK government to reconsider their plans to shake up the Solvency II rules that govern the country’s insurance sector, after warning the current plans could backfire. The government’s current plans to reform the European Union’s Solvency II regulations could see life insurers forced to hold more capital than they are [...]
Reduced flows return to Nord Stream pipeline as winter crisis looms across Europe July 21, 2022 Nord Stream 1 has begun pumping gas into Europe again, following a 10-day outage this month, but fears remain over supply shortages this winter.
Now hiring: Aldi launches recruitment drive for 1,000 new logistics roles July 21, 2022 Aldi is the latest firm to take part in a logistics recruitment boom, creating some 1,000 roles across the country over the next year. The discount supermarket wants to expand its distribution, transport and maintenance teams at its 11 regional distribution centres across the country. It comes as retailers are facing a race for distribution [...]
Brickability revenue and profit more than doubles amid record demand for homes July 21, 2022 British merchants Brickability has reaped the rewards of housebuilders’ steamroll in the property market, having had its revenue nearly triple in the past year. Housebuilders in the UK have rushed to take advantage of record property prices, in trying to up their completions despite raw material inflation and supply chain disruptions. Revenue surged 187 per [...]
Penny Mordaunt hits back at Anne-Marie Trevelyan over ‘work ethic’ jibes July 21, 2022 Fallen Tory leadership contender Penny Mordaunt has mocked her ministerial boss Anne-Marie Trevelyan today, after she was the victim of a series of attacks about her “work ethic” during the campaign. Mordaunt, a trade minister, said she was “amazed to find myself” in the House of Commons chamber after Trevelyan, the trade secretary, questioned her [...]
Overseas travel down by third as Brits shun holidays abroad for UK getaways July 21, 2022 Britons might be shunning holidays abroad in favour of a UK getaway as overseas travel has gone down by a third. According to data from the Office for National Statistics, visits overseas went down to 5.6 million in April this year – 33 per cent below 2019 levels. Whereas searches for UK destinations went up [...]
Elon Musk’s Tesla sheds 75 per cent of its Bitcoin holdings as profits drop July 21, 2022 Tesla has sold 75 per cent of its Bitcoin portfolio as profits slid in the second quarter of the year. The electric automaker announced in its Q2 earnings report that it converted the Bitcoin to $936m (£782m) of cash, with its digital asset holdings now at $218m (£182.4m). Profits fell to $2.3bn (£1.9bn) from a [...]
