Supermarket fridge doors could save 1 per cent UK electricity use November 7, 2021 Putting doors on fridges in the top five supermarkets in the UK could cut the nation’s total electricity usage by 1 per cent, according to reports. The Environmental Investigation Agency, an international NGO, said supermarkets could save up to a third on their own electricity bills too, according to the BBC which first reported the [...]
Credit Suisse chair Antonio Horta-Osorio says largest investors back bank overhaul November 7, 2021 Credit Suisse chairman Antonio Horta-Osorio has today revealed that the six largest investors of the bank back its newly announced strategy, according to reports. “We are in close contact with our shareholders – in particular the six largest, who together own around 30 per cent of the capital,” Horta-Osorio told Swiss newspaper NZZ am Sonntag, [...]
Activists launch alternative climate summit to protest inaction at COP26 November 7, 2021 Climate activists disappointed with government inaction during the first week of discussions at COP26 have launched a counter conference. The People’s Summit for Climate Justice kicked off today and will run until Wednesday, hosting around 200 online and in-person sessions which platform the voices of people hit hardest by the climate crisis. People’s Summit Programme [...]
EU could rip up Brexit trade deal if UK suspends NI Protocol, Simon Coveney warns November 7, 2021 Brussels could rip up the post-Brexit UK-EU trade deal if Boris Johnson suspends the Northern Ireland Protocol, Irish foreign minister Simon Coveney has warned. This would result in an effective no-deal Brexit as trade barriers would be immediately erected between the UK and the EU. Coveney today said the Brexit Withdrawal agreement, which contains the [...]
Soaring travel agent insolvencies just ‘the tip of the iceberg’ November 7, 2021 Insolvencies of UK travel agents and tour operators have leaped in the last year. Audit and tax firm Mazars said insolvencies jumped 17 per cent from 59 to 69. In July, sector insolvencies rose from one to nine. Experts have pointed to the end of furlough as something that could place additional pressure on the [...]
Channel 4 privatisation plans delayed amid growing backlash November 7, 2021 The proposed sale of Channel 4 has met delays after the new culture secretary Nadine Dorries was inundated by a spate of opposition against the move, according to reports. Around 60,000 submissions related to the sale of Channel 4, which is state-owned but independently funded through advertising revenue, were sent to the government, according to [...]
State Street denies bank staff must get special approval to hire white men November 7, 2021 Investment bank State Street tonight forced to push back against reports it will insist managers get special approval to hire white men over female or minority candidates. The bank wants to triple the number of black, Asian and other minority staff in senior roles by 2023 and has mandated lower bonuses for execs if they do not hit [...]
LV boss defends selling to private equity November 7, 2021 LV boss Mark Hartigan has hit back after criticism over plans to sell the mutual to US private equity Bain. Customers will receive £100 each if they agree to the deal, plus an extra 0.1 per cent return for every year they have held a with-profits policy since 1996. Speaking to the Mail On Sunday, [...]
Javid: get Covid booster jabs now to avoid Christmas restrictions November 7, 2021 Health secretary Sajid Javid is urging people to get their booster jabs in order to “avoid a return to restrictions” this Christmas. In an effort to speed the roll out vulnerable and elderly people will now be able to book their jabs a month early – five rather than six months after their second dose. [...]
John Lewis scraps land sell-off after villagers’ displeasure November 7, 2021 John Lewis has been forced to ditch plans to sell off land for homes after Hampshire residents rebelled against the plans. The department store retailer had planned to sell off land for 12 new homes in Longstock, near Andover. However, it ditched the plans, citing “a significant level of opposition to the scheme,” to the [...]
