Shapps says unions ‘gunning’ for strikes as summer of discontent looms June 19, 2022 Transport secretary Grant Shapps has accused the UK’s unions of “gunning” for strikes as a major union boss warns that widespread industrial action is likely this summer. When asked if there could be a so-called summer of discontent, National Union of Rail, Maritime and Transport Workers (RMT) boss Mick Lynch said: “I think there are [...]
PwC partners ready for £100k payout following £1.8bn sale of mobility services arm June 18, 2022 UK partners of PricewaterhouseCoopers (PwC) are set to get a hefty payout after the accounting giant sold its mobility services arm for $2.2bn (£1.8bn) earlier this year.
Priti Patel lashes out against ‘scandalous’ ECHR decision blocking Rwanda migrant flight June 18, 2022 Priti Patel has lashed out against the “scandalous” European Court of Human Rights after it grounded the government’s first deportation flight to Rwanda. Speaking toThe Daily Telegraph, the home secretary said: “The opaque way this court has operated is absolutely scandalous. That needs to be questioned.” “They’ve not used this ruling previously, which does make you [...]
Boris Johnson touches down in Kyiv for surprise meeting with Ukraine’s president Zelensky June 17, 2022 Prime Minister Boris Johnson touched down in Ukraine this afternoon meeting with President Vlodymyr Zelensky. The embattled Tory leader shared an image on social media which said: Mr President, Volodymyr, It is good to be in Kyiv again”, adding that “Great Britain’s support for Ukraine is firm and resolute.” This comes after leaders from Italy, [...]
Minister suggests staff work longer hours to ease travel disruption June 17, 2022 Business minister Paul Scully has suggested staff who wants should work longer as it would help ease the ongoing travel chaos at airports across the country. “There are a record number of vacancies – 1.3 million vacancies across the country in all manner of sectors – but there are also people who have recalibrated what [...]
Letters: Travel travelling in the wrong direction June 17, 2022 [Re: Brexit not cause of travel chaos, says UK minister, June 14] The airline industry has had a rough time this year, often being unable to fully capitalise on the rolling back of travel restrictions and consumer optimism about taking to the skies. While staff cuts, perhaps a necessity due to the pandemic, have shrunk [...]
UK space industry to benefit ‘very positively’ from Russian sanctions June 17, 2022 The UK’s space industry stands to benefit “very positively” from sanctions against Russia, which have pushed its rocket launching capabilities off the global stage, one space chief has told City A.M. Russia’s launches once rivalled SpaceX in both frequency and success. But a mixture of bans and boycotts after its invasion of Ukraine has seen a [...]
Fintech Cleo raises additional $80m following backing from Brussels investor Sofina June 16, 2022 UK financial app Cleo has raised an additional $80m following backing by Brussels tech investor Sofina. The funding round took place over months but was finalised following pressure on valuations of growth companies, Sky News first reported. Sources close to the deal told the outlet’s City editor Mark Kleinman that the backing raised Cleo’s valuation [...]
Revlon files for bankruptcy as lipstick seller reassures customers trading will continue June 16, 2022 Revlon has filed for bankruptcy as the cosmetics firm has struggled under the weight of hefty debt, supply chain disruption and sky-rocketing headwinds. The 90-year-old make-up maker said that it anticipated some $75m in financing from existing lenders, contingent on court approval. The rescue cash will help it to keep daily operations up and running. [...]
UK small businesses being priced out of cyber insurance by high premiums and cost-of-living crunch June 16, 2022 The UK’s small businesses are increasingly being priced out of cyber insurance policies, due to sky-high premiums and the cost-of-living crunch. Almost a third (29 per cent) of companies with fewer than 250 staff cancelled their cyber insurance policies last year, as part of efforts to cut costs, research from GlobalData shows. A further 17.3 [...]