BA and Virgin to restart flights to China after three years as Beijing welcomes back visitors February 2, 2023 Virgin Atlantic and British Airways have announced they will return to China for the first time in three years following Beijing’s reopening. Richard Branson’s airline – which stopped operating flights into China in December 2020 – announced today it will resume daily flights between Heathrow and Shanghai from 1 May. Meanwhile British Airways (BA) will [...]
Ukraine: Putin preparing major offensive in eastern region of Luhansk to mark anniversary of Russia’s war, officials say February 1, 2023 Russia is mustering its military might in the Luhansk region of Ukraine, local officials said, in what Kyiv suspects is preparation for an offensive in the eastern area as the first anniversary of Moscow’s invasion approaches. The Kremlin’s forces are expelling local residents from their homes near the Russian-held parts of the front line so [...]
Majority of businesses in favour of increased support for asylum seekers wanting to work February 1, 2023 A large majority of UK businesses are in favour of allowing asylum seekers to work after waiting at least six months for their claims to be processed, new figures from the International Rescue Committee (IRC) have revealed. The report, ‘From Harm to Home’, finds nearly 70 per cent of UK business ‘decision makers’ believe the [...]
Exxon Mobil made £5.4m per hour last year with record £47.9bn profits January 31, 2023 Exxon posted $59bn (£47.9bn) in adjusted profit for 2022 in its results today, taking home more than $6.7m (£5.4m) per hour last year.
Tesco’s management shake up places 2,100 jobs at risk January 31, 2023 Tesco is looking to reduce the number of managers in its large shops and close hot deli counters, placing up to 2,100 jobs at risk, the UK’s largest supermarket chain announced today. Tesco, which operates over 2,000 shops, will close its remaining hot deli counters in stores from February 26, having previously removed the majority [...]
RBG Holdings shares plummet after professional services firm fires chief executive January 31, 2023 Shares in RBG Holdings today plummeted by more than nine per cent after the troubled professional services group said it had fired its chief executive. The AIM-listed professional services conglomerate said in a statement that its board has “lost confidence” in chief executive Nicola Foulston as it stated her “employment contract has been terminated with [...]
Howden’s revenues jump 60 per cent as insurance broker looks to capitalise on ‘very turbulent’ market January 30, 2023 Insurance broker Howden today posted “record” results for 2022, reporting a 60 per cent increase in revenue, with its chief executive adding that the firm was primed to further profit from the economic uncertainty heading into 2023. The insurance broker’s chief executive David Howden told City A.M. has said the London firm is primed to [...]
The long shadow of Dominic Cummings might just start an invention boom January 30, 2023 ARIA, the government sponsored independent body is designed to fund new scientific and innovation projects. It might the last hangover of Dominic Cummings in Downing Street, writes Eliot Wilson
Transpennine: Sunak threatens to strip train operator of contract following its spat with Aslef on overtime ban January 27, 2023 Prime Minister Rishi Sunak warned train operator Transpennine Express (TPE) it may lose a lucrative government contract, while the firm blamed the Aslef union for its ban on overtime working. The FirstGroup-owned company is caught up in a spat with the government after the PM threatened to pull its contract, because it was offering an [...]
Boris Johnson paid £500K advance for memoirs – as public foot £222K bill for his partygate legal fees January 27, 2023 Boris Johnson has picked up an advance of more than £500,000 for his forthcoming memoir, as it emerged taxpayers face a bill of £222,000 for his legal fees to defend himself in the partygate inquiry. The former prime minister’s latest entry in the Register of Members’ Interests says that he “received £510,000 as an advance [...]