Londoners may be set for bumper 5 per cent TfL fares hike in 2022 July 15, 2021 Londoners could face a 5+ per cent hike in Tube fares next year as Transport for London (TfL) is forced to adjust its prices to ballooning inflation. Under the terms of TfL’s most recent government bailout, the transport body has to increase its prices each year by 1 per cent more than the retail price [...]
Cairngorm Capital acquires robo-adviser and wealth manager to launch new digital firm July 15, 2021 Private equity firm Cairngorm Capital has acquired wealth manager Whitefoord and robo-adviser Munnypot to launch a new digital firm combining financial advice with investment management. The new firm, called Verso Wealth Management, will combine online investment service Munnypot’s digital platform technology with Whitefoord’s investment management and financial advice services to create an automated advice platform. [...]
City lawyer takes government to High Court over Northern Ireland Protocol July 15, 2021 Four businesses will submit evidence against the government to England’s High Court in the coming weeks in a bid to prove the Northern Ireland Protocol infringes on the European Convention of Human Rights. Clive Thorne, partner at City of London firm McCarthy Denning, is representing the four Northern Irish businesses and says he is trying [...]
Post-Brexit NI: Trade deal has bigger hangups than so-called ‘sausage war’ July 15, 2021 The UK and the European Union’s post-Brexit trade deal has bigger hang-ups than the so-called “sausage war” would have let on, a Northern Ireland retail head told MPs. There are much larger problems that lie ahead for the trade industry, Northern Ireland Retail Consortium director Aodhan Connolly said. Speaking at a hearing on the impacts [...]
Mounting inflation could trigger early end to BoE’s bond buying July 15, 2021 An external member of the Bank of England’s monetary policy committee has warned that surging inflation could prompt the central bank to end its bond buying programme early. Michael Saunders said in a speech on Thursday: “if activity and inflation indicators remain in line with recent trends… options might include curtailing the current asset purchase [...]
London records strongest half year IPO performance since 2014 July 15, 2021 The UK retained its dominance as the most attractive European IPO venue by funds raised, continuing the deal momentum witnessed in the previous two quarters. Both the main market and Alternative Investment Market (AIM) have built on the resurgence of activity seen in the last two quarters, with 10 IPOS raising £3.1bn on the main [...]
Oil prices slide further as traders brace for supply increase July 15, 2021 Oil prices slid further on Thursday as traders prepare for a wave of supply to flood the market. Benchmarks WTI Crude and Brent Crude were down 1.01 per cent and 0.92 per cent respectively today. Read more: Opec+ end deadlock over oil supply policy, says source Prices slid two per cent yesterday after news broke [...]
Data watchdog teams raid homes and seize computers amid Matt Hancock affair probe July 15, 2021 Teams from the UK’s data watchdog have seized computers after raiding two homes as part of their probe into the leaked CCTV footage of Matt Hancock’s affair. The Information Commissioner’s Office (ICO) searched two addresses in the south of England earlier today, taking personal computer equipment and other electronic devices with them. “In these circumstances, the [...]
Hammersmith Bridge to reopen to pedestrians and cyclists this weekend July 15, 2021 The Hammersmith bridge will reopen to pedestrians and cyclists this weekend, Hammersmith & Fulham council have announced this afternoon. Last August the crossing was closed to all users amid fears of a “catastrophic failure” after a heatwave enlarged cracks in the structure. But after a series of safety investigations and the introduction of a temperature control [...]
Ultimate Products to take over Salter and Heston Blumenthal partnership July 15, 2021 Britain’s oldest houseware brand Salter is set to be snapped up by London-listed Ultimate Products as consumers fell back in love with home cooking over lockdown. The deal is expected to be completed by 19 July and will cost Ultimate Products (UP) some £32m in cash. UP, which turned over £115.7m last year, will take [...]
