‘Welfare value’ of Britain’s green spaces stands at £25bn, with Hyde Park topping the list May 2, 2022 The “welfare value” of Britain’s natural open spaces exceeds £25bn, with London’s Hyde Park topping the list at £24m. A new study funded by the government looks at pars, woods, riversides, beaches and country parks across Britain, assessing how locals enjoy the green space. Research by academics at the University of Exeter produced the outdoor [...]
Shareholder rebellion to hit Ocado scheme over concerns of £100m windfall for boss May 2, 2022 Ocado investors are reportedly planning to turn their nose up at an extension of a share reward scheme which would see the retailer’s boss handed £100m. Two advisory groups, the Institutional Shareholder Service and Glass Lewis, have recommended investors to reject the proposal to lengthen the so-called “valuation creation plan” at its annual general meeting [...]
Qantas buys 12 new planes in bid to conquer ‘final frontier’ of 20-hour flights down under from London and New York May 2, 2022 Australia’s national airline Qantas has ordered 12 huge new luxurious planes as it confirmed plans for new long-haul routes from London and New York, to conquer the “final frontier” of aviation. The carrier will launch 20-hour flights on Airbus A350-1000s, complete with wellbeing zones and extra measures for comfort, taking passengers down under from across [...]
Business secretary: Windfall tax not the answer May 1, 2022 Business Secretary Kwasi Kwarteng has voiced firm opposition to a windfall tax on oil and gas companies despite Chancellor Rishi Sunak raising the possibility. The Cabinet minister was adamant that it would be a “disincentive” to investment by energy giants despite his colleague in the Treasury using the threat to encourage spending, as their profits [...]
CBI: Firms need help to make it through summer May 1, 2022 Firms might need further support before the autumn Budget to help tackle rising costs, according to a business group. The CBI highlighted the near-term challenges that companies are facing, especially energy intensive firms. A survey by the group found that growth in private sector activity including consumer services and distribution sales remained “steady” in the [...]
Windfall tax the backdrop for energy giants’ results May 1, 2022 London’s biggest oil companies will face an odd dilemma this week as they present what is likely to be their best set of results for years while facing calls to cough up more in tax. The businesses are predicted to report a combined 13 billion dollars (£10.5 billion) in profit from the first three months [...]
Issa brothers in talks to sell petrol station empire May 1, 2022 The owners of Asda are in talks to offload their petrol forecourt business, according to a report in the Sunday Telegraph. The Blackburn-based Issa brothers have been in discussions with a Canadian shopping giant, Couche-Tard. The forecourt business has been remarkably successful for the Issa brothers and their firm, EG Group. It is said to [...]
HSBC under pressure to split operations: reports May 1, 2022 An Asian shareholder is lobbying HSBC to split ifs operations into two, according to multiple reports this weekend. Chinese insurance giant Ping An, which owns just shy of ten per cent of the bank, is believed to want HSBC’s Asian business listed in Hong Kong and the rest to stay in London. Ping An is [...]
Exclusive pictures: The City’s newest rooftop destination – with an iconic view May 1, 2022 A new bar is set to get the Square Mile talking when Wagtail opens in a fortnight atop the former House of Fraser store on King William Street. The bar – from the same people as The Botanist and The Aviary – will feature a restaurant and cocktail bar with all-around views of the City [...]
On a mission to make cryptocurrency less scary than traditional banks May 1, 2022 David Dobrovitsky is on a mission to take the scare factor out of cryptocurrency with a sprinkling of Glitter.
