Easyjet removes plane seats to slash number of stewards on board to three May 9, 2022 Easyjet has removed the back row seats from its A319 planes to cope with labour shortages. By removing the six seats, capacity on easyJet planes has gone down to 150, requiring only three cabin crew members instead of four. The airline said the decision was an “effective way” of operating its fleet and it was [...]
UBS appoints two officials to shore up its ESG unit May 9, 2022 Swiss banking giant UBS has made two appointments to its ESG team as it looks to shore up its clean energy credentials. Josiane Fanguinovény and Viv Sedov will join the company’s Europe, Middle East and Africa division, according to the Financial News. The dealmakers will work on transactions related to environmental and social governance. FN reports many [...]
Morrisons fends off Issa brothers’ EG Group in battle for McColl’s May 9, 2022 Morrisons has emerged victorious against EG Group in gaining control over McColl’s Retail Group, it has been reported. The supermarket giant had upped its offer to snap up the beleaguered newsagent operator after a last minute battle with the Issa brothers’ EG Group. According to Sky News, the chain beat down its competition after making [...]
Explainer-in-brief: Finally putting Net Zero into action May 9, 2022 The Queen’s Speech, taking place tomorrow, will set out the government’s agenda for the next year. It will include an energy bill focused on speeding up the path towards net zero. Proposals are expected to include measures to decarbonise the electricity grid by 2030. The bill should also include the creation of a system operator [...]
Private equity firms dismiss Brexit concerns in European investment surge May 9, 2022 UK private equity firms shrugged off Brexit concerns and went on the offensive in Europe last year as acquisitions of corporates on the continent jumped 80 per cent, fresh data has revealed.
Ideagen agrees to £1.09bn takeover offer from London private equity firm May 9, 2022 UK software company Ideagen has agreed to a £1.09bn all-cash takeover offer from London-based private equity firm Hg.
1 Minute Market Rundown – 9th May 2022 May 9, 2022 Path of Least Resistance Remains Lower Economic Slowdown Main ConcernUSD Remains King Friday’s highly anticipated NFP print did little to stop the rot as risk markets continue to remain on the backfoot. Stocks have fallen yet again today and the greenback has climbed higher as the market continues to focus on a potential economic slowdown [...]
Barclays leverages Luxembourg deal to avoid nearly £2bn in tax May 9, 2022 British lender Barclays has avoided almost £2bn in tax by booking profits through tax haven Luxembourg for more than a decade, according to reports.
Seize Russian assets to pay for Ukraine damage, says EU official May 9, 2022 A senior EU official has proposed seizing frozen Russian reserves to cover the costs of rebuilding war torn Ukraine.
Flower Power: Network Rail to boost travellers’ mental health with flower compositions May 9, 2022 Network Rail has announced it will start displaying flower compositions in UK train stations as a way to boost travellers’ mental health. While the railway operator hopes it will “lift people’s spirits,” the Better Journeys’ initiative aims to raise awareness of the Hub of Hope app, which helps people access mental health support. Installations will [...]
