Pubs and brewers at risk from energy crisis, warn UK’s biggest pub companies August 30, 2022 Pubs and brewers across the UK are at risk of closure within months amid price hikes upwards of 300 per cent, industry bosses have warned. Bosses of six of the UK’s biggest pub and brewing companies have signed an open letter to the Government urging it to act in order to avoid “real and serious [...]
Baker Hughes staff in Scotland begin walk out over contract changes August 29, 2022 Over 100 staff at Baker Hughes operations in Scotland began a two week strike today over the company’s use of ‘fire and rehire’ tactics. Trade union Unite estimates that the contractual changes put forward by Baker Hughes – one of the world’s largest oil field services companies – would wipe off 29 per cent of [...]
FTSE Reshuffle: Abrdn head for trap-door from the FTSE 100 August 29, 2022 FUND MANAGER Abrdn is set to exit the FTSE 100 this week as part of a wider FTSE reshuffle. Shares in the asset manager have fallen just shy of 40 per cent since the turn of the year, with analysts blaming global uncertainty and economic troubles. “Huge geopolitical uncertainty, sky high inflation and worries about [...]
Truss tax cuts: Wonk warning on hit to public finances August 29, 2022 LIZ TRUSS’ planned tax cuts would “completely crash the public finances,” warned the boss of one of the UK’s foremost economic think-tanks, the Institute of Fiscal Studies. Prospective new Prime Minister Liz Truss is expected to announce an emergency budget early on in her administration if she, as expected, is made leader of the Tory [...]
Zaporizhzhya nuclear plant: UN team moves in as shelling nearby risks leaks August 29, 2022 A TEAM from the United Nations’ nuclear watchdog touched down in Ukraine yesterday amid ongoing concern that Europe’s largest nuclear power plant in Zaporizhzhya is becoming a hotspot for conflict. The Zaporizhzhya plant sits on the Dnipro River and has been under Russian control since March, though remains staffed by Ukrainians. Shelling in the vicinity [...]
London 2012 Paralympics: Why the legacy of the Games has fallen short August 29, 2022 Ten years on from the London 2012 Paralympics, Helen Rowbotham assesses the Games’s legacy. Sport should be accessible to everyone, irrespective of race, gender, economic background or whether you are disabled or not. It’s not new to say that participation is a good thing and leaving a sporting legacy was a big part of what [...]
HBOS: Authorities close six year probe into former execs August 27, 2022 HBOS’s former executives are now off the hook after the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) closed a six year investigation into the bank’s collapse. The watchdogs announced yesterday they would not take any further action. “In line with standard practice, the authorities’ independent decision-makers reviewed the matters under investigation and [...]
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.
Carbon dioxide shortage: No taxpayer bailout forthcoming this time August 25, 2022 THERE will be no repeat of a taxpayer-backed financial package to tackle the country’s coming carbon dioxide shortage, City A.M. understands. Ammonia producer CF Fertilisers yesterday announced it would be halting production of the fertiliser at its Teesside plant due to too-high energy costs. Carbon dioxide is produced as a by-product of that process and [...]
Shares in Anthony Joshua-backed Love Hemp suspended over fundraise qualm August 25, 2022 Shares in cannabis products company Love Hemp have been suspended over a fundraising issue, which has seen the company hit with a £100,000 fine. The Anthony Joshua-backed firm has been delisted from the London Acquis Stock Exchange (AQSE), the company announced today. It follows an investigation by AQSE, launched earlier this year, in response to [...]