President Joe Biden to land in UK amid cluster bombs row over Ukraine July 9, 2023 President Joe Biden is set to land in the UK today amid an international row over the US supplying cluster bombs to Ukraine. The trip, which the White House hopes will “showcase the president’s leadership on the world stage”, is expected to be dominated by the weapons and Ukraine’s potential NATO entry. Biden has committed [...]
England’s surprise run to the Under-21 Euros final – and how to watch it in UK July 7, 2023 So bad were England’s men at the last European Under-21 Championship that no UK broadcaster took up the rights to show this summer’s edition of the tournament. Now it is here and the Young Lions have exceeded expectations, blazing a trail to the final against Spain on Saturday in Georgia. It’s enough to cause a [...]
Sky-high bills are not inevitable and our energy bosses shouldn’t buy into this myth July 7, 2023 Chris O'Shea, the boss of Centrica, is wrong to accept energy prices of over £2,000.
FTSE 100 tumbles to year low and gives up 2023 gains after hitting record high just months ago July 6, 2023 London’s FTSE 100 tumbled to its lowest closing level this year today as the index was captured by a global stock market sell off ignited by traders fretting over further interest rate rises. The capital’s premier index cratered 2.24 per cent, its biggest one day fall since March, to close at 7,275.60 points, while the [...]
Legal talent war rages on as Baker McKenzie ups newly-qualified salaries to £118k July 6, 2023 Global law firm Baker McKenzie will increase the salary it gives to newly-qualified (NQ) London solicitors to a cool £118,000. The Chicago-based firm said effective as of 1 July, newly-minted lawyers will get a bump up from £110,000 a year. Last July, Baker McKenzie upped pay for NQs by £5,000. While many industries have been [...]
‘Blatant profiteering’: Bank chiefs hauled in front of FCA to discuss failure to pass on interest rates to savers July 6, 2023 Bank chiefs are meeting Financial Conduct Authority (FCA) officials on Thursday to discuss concerns surrounding interest rates for savers lagging behind the cost of mortgages. Bosses from HSBC, Natwest, Lloyds and Barclays are expected to attend. According to data from Moneyfactscompare.co.uk, the average easy access savings rate on offer on Thursday is 2.49 per cent. [...]
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 [...]