Government considers scrapping green levies as households face spiralling energy bills April 19, 2022 The government could scrap a green levy which adds £153 to the average energy bill to ease the cost of living crisis facing households.
Egg farmers threaten to stop production in price row with supermarkets April 19, 2022 Egg farmers have warned they could be forced to stop production after claiming the country’s biggest supermarkets are “suffocating businesses.” Farmers have previously called on supermarkets to raise the price of eggs as producers struggle with significant feed and energy cost increases. Now, the British Free Range Egg Producers Association (BFREPA) has said farmers may [...]
Pinsent Masons enters City bidding war after boosting pay for new lawyers to £92k April 19, 2022 Pinsent Masons has given newly qualified (NQ) lawyers working in its London offices a 22.6 per cent pay rise, in upping their salaries to £92,000 a year. The commercial law firm entered the fray by hiking pay for its freshly trained lawyers from £75,000 to £92,000 a year. NQs working in its regional UK [...]
Bitcoin rolling with the punches and back above $40k April 19, 2022 It was a rocky long weekend for the Bitcoin price, with the market leader dropping below $39k for the first time in five weeks on Monday.
London anti-fraud firm bags £72m as online scams boom April 19, 2022 London anti-fraud firm SEON has bagged a $94m (£69m) cash injection today as firms look to fight off a wave of online fraud brought on by a shift to digital platforms through the pandemic.
Prada: Strong US sales offset impact of Covid lockdown in China April 19, 2022 Designer handbag maker Prada performed above expectations in the first quarter of the year, as US sales offset trade suspensions in Russia. CEO Patrizio Berteilli also said strong results in the US in the first four months of the year helped to offset the impact of Covid lockdowns in China. Speaking to Italian newspaper Corriere [...]
Letters: Traders, what’s up with WhatsApp? April 19, 2022 [Re: Whatsppp messages expose “Essex Boys” traders to multi-million US lawsuit, April 14] The lawsuit against eight “Essex Boys” traders”, accused of colluding to drive the price of oil down in order to make huge profits selling futures contracts, reinforces how it is possible for any message to get out over Whatsapp. All recorded in [...]
Former Ferrari executive Michael Leiters in pole position to head McLaren Automotive April 19, 2022 Former Ferrari executive Michael Leiters is reportedly in the pole position to head McLaren’s car making business, McLaren Automotive. Leiters, who stepped down from his chief technology officer post in December, is among the candidates currently vetted to replace McLaren Automotive’s chief executive Mike Flewitt. It is unclear whether Leiters has agreed to take over [...]
Spectris sells off Omega Engineering for £400m, paving the way for a larger investor April 19, 2022 British electrical engineering firm Spectris has confirmed it will sell off Omega Engineering for $525m (£403m), to make way for a larger investor. The London-listed group has sold the engineering business to Arcline Investment Management, for around 20 times Omega’s adjusted earnings before interest, depreciation and amortisation, Spectris said in a regulatory filing this morning. [...]
Explainer-in-brief: Johnson gets his own version of Denmark’s Aliens Act April 19, 2022 Last week, Boris Johnson unveiled a deal with Rwanda on migration. People coming to the UK to claim asylum can now be relocated there while their request is processed. The UK is not the first country to do this. Last summer, Denmark passed the controversial Bill L 226 – the “Aliens Act” – that allows [...]
