Sale process begins for Savile Row tailor brand Gieves and Hawkes July 13, 2022 Gieves and Hawkes is up for sale, with liquidators keen to attract prospective buyers for the 250-year-old Savile Row brand.
Boris Johnson’s business adviser to take lobbying job at Teneo July 13, 2022 Boris Johnson’s business adviser has accepted a job at lobbying giant Teneo, less than a week after the Prime Minister announced he would resign. Alex Hickman will lead the multinational firm’s UK government affairs team, according to Sky News, and he will advise major corporate clients on the latest policy developments in Westminster. However, current [...]
MPs launch crypto inquiry to shore up defence against market crash July 13, 2022 The influential Treasury select committee has launched an inquiry into the role of crypto-assets in the UK today as lawmakers look to shore up the UK's financial system against another crypto crash.
Oil prices tumble below $100 milestone as hawkish Fed spreads its wings July 13, 2022 Oil prices have slumped below $100 amid fears of reduced demand and interest rate hikes from the Federal Reserve.
Exclusive: Tory leadership hopefuls’ income tax cut pledges will not support poorest July 13, 2022 Tory leadership hopefuls’ promises to bring forward the planned income tax cut will not help “those in real financial need”. That’s according to Tim Sarson, head of tax policy at KPMG UK, who shared his thoughts exclusively with City A.M. on what the eventual winner of the contest and the long-term chancellor need to prioritise. [...]
Tory leadership: Zahawi and Hunt knocked out after first vote July 13, 2022 Nadhim Zahawi and Jeremy Hunt have been knocked out of the Tory party leadership race in the first round, with Rishi Sunak attracting the most votes from his fellow Conservative MPs. Sunak got 88 votes, with Penny Mordaunt second on 67, Liz Truss in third on 50 and Kemi Badenoch fourth on 40. Zahawi and [...]
Absurd rush through Tory contest is robbing the party of a battle of ideas July 13, 2022 The images of the farthest reaches of the cosmos beamed back to Earth from the James Webb telescope invite all of us to consider the great unknown. The mysteries of the universe – from the Big Bang to whether there really is intelligent life out there – are all in those images. Closer to home, [...]
Naftogaz asks creditors to defer debt payments as Russian invasion takes its toll on energy giant July 13, 2022 Ukraine's state-owned energy giant is struggling for cash, with many of its customers unable to pay their bills following Russia's invasion.
City frets over steeper Bank of England rate rise after GDP boost in May July 13, 2022 A better than expected assessment of the UK economy was not enough to push London’s top indexes higher today. The capital’s premier FTSE 100 index dropped 0.74 per cent to 7,156.37 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.76 per cent to [...]
Gatwick crowned UK’s worst airport, as 3.2 per cent of flights axed July 13, 2022 Gatwick was crowned the UK’s worst airport for cancellations. Flights from the south London hub are 10 times more likely to be axed compared with Stansted, according to data shared with Sky News by intelligence company OAG. Figures revealed that Gatwick’s cancellations were 3.2 per cent of total flights in 2022, compared with Heathrow – [...]
