Gatwick boss says airport is prepped to avoid chaos – despite strikes and cancellations July 16, 2023 Gatwick’s boss has said that the airport is not expecting further flight cancellations over the busy summer season. Speaking to the Sunday Times, Stewart Wingate said “I haven’t had any discussions with any other airlines [about cancellations].” He added: “I think that from the perspective of passengers, if there’s a need for an airline to [...]
UBS to retain EY as auditor after Credit Suisse takeover – report July 16, 2023 UBS Group has decided to retain EY as its external auditor, enlarging its role to include Credit Suisse's accounts from 2024, the Financial Times reported on Sunday, citing people with knowledge of the decision.
Financially weak energy suppliers could be penalised for paying out dividends, Ofgem boss warns July 16, 2023 Energy suppliers that are not financially resilient but continue to pay out dividends could be penalised by the UK’s energy regulator. Jonathan Brearley, the head of Ofgem, wrote to suppliers last week asking them to ensure that falling energy prices are passed onto consumers and that they step up their customer service levels. But he [...]
Shapps to ask supermarkets to ‘explain themselves’ over pump price hikes July 16, 2023 Supermarket bosses are set for showdown talks with the government next week over soaring prices at the pumps. Energy Secretary Grant Shapps will meet with chiefs from Asda, Sainsbury’s, Morrisons and Tesco, with the minister vowing to slam “the brakes down on the mistreatment of motorists.” In a column in The Sun, Shapps said he [...]
John Lewis boss: Shoplifting up over 20 per cent due to cost of living pressures July 16, 2023 The boss of John Lewis said today that shoplifting has increased over 20 per cent across the high street over the past year blaming the cost of living crisis for the rise in the crime. Speaking to the BBC on the Sunday with Laura Kuenssberg show, boss Sharon White said she was surprised to not [...]
Uber reveals UK profit for the first time: £32 million July 16, 2023 Uber booked £3.4 billion in revenue from the UK segment of its business last year, it has been revealed.
Business groups hail Indo-Pacific trade deal as boost for City despite minor growth bump July 16, 2023 Business groups have hailed the UK’s membership of a major Indo-Pacific trade bloc as a potential boost to the City today despite analysis showing a meagre growth bump from the deal over the long term.
Rail strikes: Lynch says government hasn’t spoken to RMT since January July 16, 2023 Rail strike misery looks set to continue for commuters after Mick Lynch, the RMT’s general secretary, said the government had not spoken to him about finding a resolution since the start of the year. Speaking on Sky News’ Sophy Ridge on Sunday Programme, Lynch said that there has been “no contact. They seem to pick [...]
BT boss Jansen pins share price slump on ‘short-term’ London investors July 16, 2023 BT's outgoing boss Philip Jansen has blamed a 'short term' outlook in London for his firm's lengthy share price slump in a defence of his tenure at the top of the telecoms giant.
Europe spent over a trillion dollars on gas since Russia sparked supply squeeze July 14, 2023 Europe has spent over a trillion dollars shoring up its gas supplies since Russia first began weaponising its pipelines in 2021.
