Monday read: Five day week is ‘in many cases not fit for purpose’, says Atom Bank chief August 29, 2022 The concept of a five day working week is " in many cases no longer fit for purpose for 21st century businesses”, the chief of digital lender Atom Bank said today as he hailed the success of a four day week at the firm.
Overhauling planning laws key to reviving fracking argues industry body August 26, 2022 One of the UK's leading energy bodies has warned that a revival of fracking has to be married with planning reform.
Bank of England may launch biggest rate hike since 1989 if energy bill support fuels inflation August 26, 2022 The Bank of England may have to launch the biggest rate hike since 1989 if the government injects huge sums of money into the economy to cope with the cost of living crisis, a Wall Street bank said today. Borrowing costs could rise 75 basis points in November to deal with a historic inflation peak [...]
Nadhim Zahawi tells Brits to cut down their energy use to ease soaring bills August 26, 2022 Brits should consider cutting back their energy consumption, suggested Chancellor Nadhim Zahawi following the latest price cap hike.
Skyrocketing energy bills ‘could be the final nail in the coffin’ for small firms, FSB warns August 26, 2022 Sky-rocketing energy bills “could be the final nail in the coffin” for many firms according to the head of Federation of Small Businesses. Smaller companies “don’t have the luxury to wait until the winter” for help with rising costs, and an “urgent intervention” is needed from the next prime minister. The comments were made by [...]
Markets flat as investors await further interest rate clues August 26, 2022 Markets flat as investors await further interest rate clues
UK tech titan Micro Focus nearly doubles in value following OpenText’s £5bn takeover August 26, 2022 Micro Focus nearly doubles in value this morning as shares soar 93 per cent following OpenText's £5bn takeover announcement.
Ofgem slaps Shell with fine after it overcharged customers for energy August 25, 2022 Shell Energy's supplier business has been slapped with a hefty fine for overcharging customers on default tariffs.
Waiting game for Bitcoin as investors anticipate tomorrow’s interest rate clues August 25, 2022 Most major cryptocurrencies continue to trade sideways this morning, with the price of Bitcoin again holding at just below $22k.
Amigo customer base halves despite promises to return to lending August 25, 2022 Amigo’s customer base has halved over the past year, despite promises it will return to lending by February next year and undergo a capital raise. The beleaguered lender, which stopped lending in 2020 in order to deal with mis-selling complaints, has also had its revenue plummet nearly 70 per cent in the three months to [...]