Minister: UK ready to press ahead with unilateral change to NI Protocol June 8, 2022 The UK is ready to push ahead with its move to unilaterally change the post-Brexit Northern Ireland Protocol, according to Northern Ireland minister Conor Burns. Burns said the UK’s “simple” solution would be brought to parliament very soon, unless the EU can come up with a renewed political mandate for its negotiators. Irish PM Micheál [...]
Analysts downgrade National Express following margin pressures June 8, 2022 Analysts at Peel Hunt have downgraded National Express’s ratings from Buy to Hold after the company said keeping prices affordable will slow its margin recovery. Peel Hunt have also cut National Express’s earnings per share forecasts by around 20 per cent. “This is clearly disappointing, but the medium-term targets remain in place and the group [...]
Insurers need more data to properly model climate risk, Bank of England insurance chief says June 8, 2022 The UK’s insurance sector lacks “comprehensive and high quality data” it needs to properly evaluate climate risk, the head of the Bank of England’s (BoE’s) insurance division has said. Speaking at the Association of British Insurers’ (ABI’s) climate summit 2022, Stefan Claus, the head of the BoE’s general insurance division, said insurers are struggling to [...]
During Platinum Jubilee weekend London Underground returned to pre-pandemic passenger levels for first time June 8, 2022 Londoners returned to the Underground in record numbers last weekend for the Platinum Jubilee, with passenger numbers exceeding pre-pandemic levels for the first time in more than two years. Figures released by the Department for Transport today show tube-users were up 118 per cent and 108 per cent on 2 and 3 June, representing a [...]
Travel mayhem to hit Londoners as another union joins tube strike June 8, 2022 Travel mayhem is expected to hit Londoners as members of the union Unite working for Transport for London (TfL) and London Underground are set to join the strike called by the RMT union for 21 June. The union announced that more than 1,000 of its members will join the 10,000 workers striking over job cuts [...]
TikTok exec who ‘didn’t believe’ in maternity leave takes step back June 8, 2022 TikTok has launched a formal investigation into comments from a senior exec at its parent firm ByteDance, who said at a staff dinner in London that as a “capitalist”, he “didn’t believe” companies should offer maternity leave.
UK to clock weakest growth in rich world amid economic ‘stagnation’ June 8, 2022 The UK will clock the weakest growth in the rich world caused by households retrenching amid the worst cost of living crisis in a generation, according to new forecasts released today. Rampant inflation driven by accelerating global energy prices as a result of Russia’s invasion of Ukraine and ongoing supply chain disruptions caused by China’s [...]
Ofcom brings stronger protections for UK telephone boxes June 8, 2022 Stronger protections for public call boxes come into force today, despite the fact that 96 per cent of UK adults now own a mobile phone.
Crypto platform Zumo handed government grant to help make Bitcoin green June 8, 2022 UK crypto platform Zumo is pioneering a solution with potential to drastically reduce the carbon footprint of Bitcoin.
Credit Suisse tells investors to brace for losses once again June 8, 2022 Credit Suisse has warned investors it expects to suffer group losses in the second quarter of 2022 amid challenging market conditions.
