‘A real tower of strength’: City grandee Paul Myners dies aged 73 January 16, 2022 City grandee Paul Myners, known as a steady ship in the capital’s financial affairs, has died at the age of 73. The former Labour minister was brought into Gordon Brown’s government to help tackle the financial crisis of 2008, after making a name for himself in the fund managing space. Former prime minister Brown called [...]
Cyclists overtake motorists on A-roads January 16, 2022 The number of cyclists has surpassed that of motorists on several UK A-roads, according to Department for Transport (DfT) data for 2020. In London, 87 per cent of traffic on sections of Lambeth Road consists of cyclists while in the City, Royal Mints Street has registered 81 per cent of cycling traffic, the Sunday Times [...]
Netflix revenue forecast for growth despite encroaching competition January 16, 2022 Netflix’s revenue has been forecast for growth this week, despite its share price tumbling from its record high in November. Revenue is expected to come in at $7.7bn, according to chief market analyst at CMC Markets Michael Hewson, after the streaming giant secured $7.4bn in its third quarter. However, profits are anticipated to be lower, [...]
Covax scheme hits 1bn vaccine deliveries despite supply chain struggles January 16, 2022 The global Covax scheme, which ships Covid-19 vaccines to low-income countries, has delivered one billion jabs as of today. The UN-backed programme has been knocked by disrupted supply chains and “catastrophic outbreaks” locking up supply, according to the World Health Organisation (WHO). Vaccine stockpiling and “hoarding” in wealthier countries has also hindered its progress, the [...]
Patagonia boss calls on businesses to ‘justify’ sustainability claims January 16, 2022 Patagonia’s boss has once again slammed businesses for greenwashing, a practice which sees companies inflate their sustainability to lure in consumers. The outdoors retailer, which has been making fleeces from recycled bottles since the 90s, in 2011 issued a full-page advert in the New York Times urging customers to rethink their Black Friday purchases, even [...]
Tourism industry in danger as foreigners stay away January 16, 2022 The UK tourism industry is in danger as foreigners still remain away, according to a survey from the Tourism Alliance. Data has showed that 52 per cent of tourism businesses – including tour operators, language schools and events – suffered a fall in revenue over 50 per cent, while almost a quarter of them still [...]
Nadine Dorries hints at upcoming axing of BBC licence fee as funding is frozen January 16, 2022 Culture secretary Nadine Dorries has hinted the BBC licence fee will soon be scrapped as she oversees a two-year freeze on funding for the public broadcaster. Dorries took to Twitter today to confirm a Mail on Sunday story about the BBC licence fee being frozen for two years, which will lead to an effective funding [...]
Motorway hard shoulders not coming back, roads minister says January 16, 2022 Roads minister Baroness Charlotte Vere has confirmed that motorways’ hard shoulders are not coming back. In a letter to Claire Mercer, whose husband was killed on the M1 following the hard shoulder’s removal, the minister said re-installing emergency lanes “could cause more deaths or serious injuries on our roads,” the Sunday Telegraph reported. The minister [...]
Week ahead: City braces for more eye watering inflation data January 16, 2022 The City’s attention this week will zero in on latest UK inflation estimates published on Wednesday. Although experts expect the rate of price rises to remain broadly unchanged, investors are likely to gulp at inflation remaining at historically high levels. According to the Office for National Statistics (ONS), inflation hit 5.1 per cent in November, [...]
Campaigners fear rail increase will push commuters to cars January 16, 2022 Environmental campaigners believe the increase in rail fares – which is set to go up 3.8 per cent starting from March – will push commuters back to using their cars. “Transport is responsible for more carbon emissions than any other sector,” Paul Tuohy, Campaign for Better Transport’s chief executive, told the Sunday Telegraph. “Considering the [...]
