Legal & General pull out of investment in electric vehicle firm July 6, 2023 Legal & General (L&G) has pulled out of any future investments into Onto, which is one of Britain’s largest electric vehicle (EV) fleet operators, according to reports from Sky News yesterday. Last year, the asset management and pensions giant led a $60m (£47.3m) funding round into the EV-focused startup. At the time it called Onto [...]
Online watchdog urges government to protect youngsters in crypto regulation plans July 5, 2023 A digital watchdog is urging regulators to ensure children and young people aren’t left vulnerable to crypto scams and investment risks.
Savings rates: Big banks to meet regulator this week after ‘blatant profiteering’ claims July 4, 2023 Banks will meet with the regulator this week to discuss the savings rates on offer as pressure grows on the UK’s largest lenders to avoid so-called ‘profiteering’. Heads of the largest UK banks – including Lloyds, NatWest, Barclays and HSBC – will meet with the Financial Conduct Authority on Thursday, according to people familiar with [...]
Ashes: Rishi Sunak goes in to bat for England after controversial Jonny Bairstow dismissal July 3, 2023 Prime Minister Rishi Sunak has given his full backing to England Men’s Test captain Ben Stokes and wicketkeeper Jonny Bairstow, following a heated final day at Lord’s involving a controversial dismissal. Sunak said he would “wouldn’t want to win a game in the manner Australia did”, when asked to comment on the incident yesterday. The [...]
Train union boss threatens 10 or 20 years of strife: ‘We’ll keep taking action until someone listens’ July 3, 2023 The boss of the train drivers’ union has threatened further industrial action, ahead of another week of disruption on the railways – which is set to impact Wimbledon too. Rail passengers have been warned of disruption across six days between Monday and Saturday, as the Aslef Union, headed by Mick Whelan, initiates a nationwide ban [...]
‘Paper’ bottle maker backed by Diageo secures £20m in fresh funding round July 3, 2023 A sustainable packaging business backed by Diageo, is gearing up for a new funding round in efforts to deliver a commercial product line. Pulpex said it has secured financing from CMPC, a Chilean pulp and paper company, to enable the production and supply of over 2bn paper bottles to consumer brands worldwide by 2028. Sources [...]
Sainsbury’s results: Will efforts to keep prices low pay off? July 3, 2023 Investors will turn their focus to Sainsbury’s first quarter trading update on Tuesday to see how shoppers are reacting to the impact of food inflation amid the cost of living crisis. The supermarket is expected to post a jump in revenues driven by higher grocery sales over the quarter to June. Analysts at Shore and [...]
London life back on top as country homes drop in price July 3, 2023 Soaring interest rates have softened the prices of luxury homes outside of London, according to new data, in a signal that the ‘move to the country’ trend fuelled by the pandemic is showing signs of slowing. The average value of luxury homes across UK markets outside of London – broadly the top five per cent [...]
Sizing up Whitehall: a Labour reshuffle must focus on potential ministers July 3, 2023 In his next reshuffle, Keir Starmer must choose where to position his allies keeping in mind they might become his Cabinet if Labour wins the next elections, writes Eliot Wilson
Labour and Just Stop Oil donor says there’s “no kind of deal” on party policy July 2, 2023 Green energy industrialist Dale Vince has denied being “an eco-zealot” as he defended his £1.5m donations to Labour. Vince told Sky News he was not seeking to influence leader Sir Keir Starmer by giving cash to the party and that there was not “some kind of deal going on”. The Ecotricity owner accused the “right [...]