More than 1m people descend on London for first Pride parade since Covid lockdowns July 2, 2022 London hosted its first Pride parade since the beginning of the Covid pandemic on Saturday afternoon, marking its 50th anniversary. Saturday’s parade was the most attended one in the 50-year history of the event, making it the capital’s biggest Pride ever, according to the Mayor of London’s office. The parade started at midday at Hyde [...]
Confirmed: Thousands of post Office collection and cash delivery workers to strike on 14 July July 1, 2022 Post Office collection and cash delivery workers are to stage a one-day strike later this month in a dispute over pay. Members of the Communication Workers Union (CWU) employed in supply chain and admin jobs will walk out on 14 July. The workers deliver cash, valuables and essential supplies to thousands of sub-post offices, process [...]
‘Kaboom!’ Ukraine announces recapture of Black Sea’s strategically important Snake Island June 30, 2022 Russia have abandoned the Ukrainian Black Sea outpost of Snake Island in a strategic victory for Kyiv against the Kremlin’s blockade. Ukrainian president Vlodymyr Zelensky’s office announced the major coup after Russia’s defence ministry said it withdrew as a “gesture of goodwill”. Its supposed gesture was done, according to Reuters, was to prove the Kremlin [...]
Post Office Horizon Scandal: Wronged postmasters offered £19.5m interim compensation June 30, 2022 Post Office Horizon scandal victims have been given an extra £19.5m in compensation, bringing the total payout to around £30m.
Boots posts uplifted sales as owner Walgreens shelves plans for £5.5bn auction June 30, 2022 Boots has posted buoyant quarterly retail sales after its parent company abandoned plans to sell the chemist this week. In third quarter results, Walgreens Boots Alliance (WBA) stated profit was down on last year but had surpassed Wall Street expectations. The retail pharmacy giant posted adjusted earnings of $0.83bn or $0.96 per share for the [...]
UK more likely than US and Europe to tip into recession, Goldman Sachs warns June 30, 2022 The UK is more likely to tip into recession than the US and Europe due to the country suffering from a more “acute” cost of living crisis, a top Wall Street investment bank has warned. Rampant inflation in Britain, running at a four decade high of 9.1 per cent and the highest in the G7, [...]
Bus cuts will only save TfL £35m a year when £730m needed under govt plan June 30, 2022 Transport for London’s (TfL) decision to axe or amend 78 of the current 620 bus routes will only lead to a £35m cost savings per year – when £730m is required from a government plan. TfL’s operating officer Andy Lord said the savings weren’t “an insubstantial amount in the context of savings we’ve got to [...]
H&M warns more price increases could be on the way for shoppers as ‘many challenges’ continue June 29, 2022 The second largest global fashion firm H&M has warned it plans to hike prices even further this year. The Stockholm-based retailer posted pre-tax profit of 4.78bn Swedish crowns ($471m) on Wednesday, surpassing analysts’ expectations. Profit boosted by 33 per cent compared to the same period last year. The buoyant half-year results came after the fashion [...]
Capita posts ‘strong’ first half results as BBC TV licensing contract boosts outsourcer’s revenues June 29, 2022 Capita today posted “strong” results for the first half of 2022, after a series of “significant” government contracts boosted its H1 revenues. The outsourcing company said trading in the first half of 2022 sat in line with expectations, as it said its revenues were bolstered by the renewal of a £456m contract to run the [...]
Postal services face summer mayhem as strikes loom June 27, 2022 Over 100 Crown Post Offices will closed for one day in July, as workers strike against a massive real-terms pay cut.