UK travel and tourism could reach £192bn in 2022 if borders stay open February 10, 2022 Following two disastrous years the UK’s travel and tourism industry is finally getting back on its feet, according to the World Travel and Tourism Council (WTTC). If travel restrictions and testing protocols remain off limits, the WTTC predicts the sector’s contribution to the national economy to go up to £192bn, bringing with it a 1.7 [...]
Fracking hell: Cuadrilla ordered to close down shale sites February 10, 2022 Authorities have snuffed out any hope of reviving the UK’s fracking industry, ordering Cuadrilla to plug and abandon the country’s only two horizontal shale wells at its site in Lancashire. The Oil and Gas Authority (OGA) originally called for the wells to be shut last summer, and has set a deadline of June for work [...]
Stateside inflation climbs to four decade high dialling up pressure on US Fed to go further and faster February 10, 2022 Stateside inflation is running at its hottest rate since the early 1980s, piling even more pressure on the US Federal Reserve to launch a stauncher and faster rate hike cycle. Prices in the US are 7.5 per cent higher than they were a year ago in January, according to fresh figures published today by the [...]
Fields of Gold: Sting sells entire catalogue of hits to Universal Music February 10, 2022 Music icon Sting has sold his entire music catalogue to Universal Music, joining the long list of stars to recently cash in on their tunes. The agreement between the 17-time GRAMMY winner and Universal Music Publishing Group (UMPG) hands over both his solo songs as well as those with The Police, including “Roxanne,” “Every Breath [...]
Brookfield weighs up blockbuster listing for asset management business February 10, 2022 Toronto-based investment giant Brookfield Asset Management is looking to spin-off its asset management business in a blockbuster listing that could value the new firm at $75bn.
Babcock finalises AirTanker £95m sale as part of disposal programme February 10, 2022 Engineering giant Babcock has finalised the £95m disposal of its 15.4 per cent stake in air transport firm AirTanker. A joint venture between Airbus, Thales and Rolls-Royce, AirTanker owns its 14 A330 Voyager planes, which uses for air-to-refuelling services for the UK Ministry of Defence. The company, part of Babcock’s aviation sector and accounted as [...]
Marble Arch mound architects slam “nonsensical” premature opening and “barbers” in UK media for negative publicity February 10, 2022 The Dutch architects behind the universally panned Marble Arch mound have hit out at Westminster City Council, the UK media, the builders of the mound, English Heritage and Historic England for the project failing to live up to its promise. In a post on their website, architects MVRDV say “anyone who visited the Marble Arch [...]
Klarna eyes up $60bn valuation with new funding round February 10, 2022 Buy now pay later (BNPL) giant Klarna is eyeing up a new funding round that could see its valuation jump to $60bn (£44bn) as it looks to fund an expansion.
Openreach adds 4000 new jobs to boost broadband February 10, 2022 Openreach announced it will create and fill more than 4,000 jobs during 2022 – including around 3,000 apprenticeships – as it continues to invest billions of pounds into its broadband network, people and training. The new recruits will be based throughout the UK, working to build and connect customers to boost the company’s Full Fibre [...]
HMRC hits under pressure Liberty Steel boss with winding up petition February 10, 2022 Her Majesty's Revenue and Customs is attempting to force a division of Sanjeev Gupta's steel empire into insolvency.
