Mayor of London tells COP26 leaders to be ‘doers’, not ‘delayers’ November 11, 2021 Sadiq Khan is expected to call out COP26’s national governments today for being “delayers” rather than “doers” when it comes to the climate crisis.
UK water companies ordered to repay £67m to customers November 11, 2021 British water companies will have to slash customer bills by £67m next year as a penalty for missing performance targets. Thames Water, the supplier for London and the Thames Valley area was slapped with the largest repayment order and will lose out on a whopping £53.2m. Southern Water will repay £46m while South West Water [...]
Mandarin Oriental lifted by return of international travel November 11, 2021 Mandarin Oriental has reported its first underlying profit since 2019 as the easing of international travel restrictions boosted its financials. The luxury hotel group reported net debt of $568m (£425m) at the close of the period, but insisted the company remains in a “strong financial position” with $162m available in cash reserves and $296 allocated [...]
UK to try and close trade deals with individual US states after White House talks stall November 11, 2021 The UK will now prioritise closing trade deals with individual US states like California and New York, after negotiations with the White House stalled earlier this year. Trade minister Penny Mordaunt said today that while “we want a comprehensive Free Trade Agreement between the UK and the US” that “much of my time will be [...]
London markets shrug off weak UK GDP figures November 11, 2021 London markets shrugged off weaker than expected UK GDP figures today. The capital’s premier FTSE 100 index gained 0.60 per cent to close at 7,384.18 points, while the mid-cap FTSE 250 advanced by the same amount to finish at 23,574.05 points. Traders seemingly ignored a weak quarterly GDP print released by the Office for National [...]
Night tube drivers plot series of strikes later this month November 11, 2021 Tube workers are calling a strike action over the reopening of Night Tube services, the National Union of Rail Maritime and Transport Workers (RMT) announced. The union has cited “the imposition of unacceptable and intolerable demand” made by Transport for London (TfL) as the main reason for the strike action, saying it made efforts to [...]
Dictador sells rare rum as NFTs for $25k a bottle November 11, 2021 Hot on the heels of Glenfiddich, rum brand Dictador has raised hundreds of thousands of dollars from selling bottles of vintage liquor as NFTs. Ten bottles of aged rum were sold for $25k (£18.6k) apiece. Buyers received a digital receipt in the form of an NFT which can either be resold or redeemed for a [...]
Belarus threatens to cut off Europe’s gas supplies November 11, 2021 The energy supply crisis has moved from crisis to crisis and tyrant to tyrant after Alexander Lukashenko threatened to cut gas into Europe via Belarus, if the EU imposes further sanctions on his country for its treatment of migrants. The threat was enough for prices to rise again following a brief reprieve earlier this week [...]
Shares dive: Johnson Matthey appoints new CEO and exits battery materials November 11, 2021 Chemicals giant Johnson Matthey has confirmed that its current boss is stepping down, which tipped a share price dive of more than 19 per cent today. The London-listed firm also announced that it will be exiting its battery materials business – despite noting the accelerating demand for such goods in its latest trading update. Current [...]
Vice fashion editor suspended after sexual misconduct claims November 11, 2021 An editor at one of the UK’s biggest fashion magazines has been suspended after more than a dozen women accused him of sending sexually inappropriate messages.
