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18.07.2022 - 15:24
Business
Sky News
Zahawi sits on Tory leadership fence ahead of Mansion House address
Nadhim Zahawi, the chancellor, has been advised by civil servants not to declare his formal backing for any of the Conservative Party leadership candidates in order to preserve his place at this week’s Mansion House dinner.Sky News has learnt that Mr Zahawi was told several days ago that his neutrality after his own exit from …
18.07.2022 - 14:14
Business
Evening Standard
Goldman shares jump as banker pay cut by 40%
Pay and bonuses at US investment bank Goldman Sachs plunged 40% as the company posted results that beat analyst expectations.The total payroll bill for the company came to $7.8 billion in the six months to June 30, 2022, compared to $11.3 billion a year prior, representing a 40.3% fall in pay per head from $277,000 …
18.07.2022 - 12:36
Business
Sky News
Starling pulls Irish bank application as international focus shifts
One of Britain’s most valuable digital lenders has withdrawn its application for an Irish banking licence, signalling a shift in its international expansion strategy.Sky News has learnt that Starling Bank told its 2,000 employees on Monday that it had ended a four-year process aimed at launching a retail bank in Ireland. In a memo to …
18.07.2022 - 11:17
Business
Sky News
More than 40,000 BT workers to begin strike action at the end of July, union says
More than 40,000 BT workers will go on strike on 29 July and 1 August, the Communication Workers Union (CWU) has said.The union said the industrial action may cause “significant issues” for those working from home and is likely to have a “serious effect” on the roll-out of ultra-fast broadband. BT staff voted last month …
18.07.2022 - 11:17
Business
Sky News
More than 40,000 BT workers set to strike over pay
More than 40,000 BT workers will go on strike on 29 July and 1 August, the Communication Workers Union (CWU) has said.The union said the industrial action may cause “significant issues” for those working from home and is likely to have a “serious effect” on the rollout of ultra-fast broadband. BT staff voted last month …
18.07.2022 - 10:13
Business
Evening Standard
Foxtons strikes listing deal with OnTheMarket as it seeks to overcome shareholder ire
Embattled London-focused estate agent Foxtons has struck an agreement with online property firm OnTheMarket to list all its UK properties on the site.Foxtons, which has 50 branches across London, will now list all its residential sales and letting properties on OnTheMarket.com.OnTheMarket boss Jason Tebb said that being recognised by Foxtons was “further proof our strategy …
18.07.2022 - 09:47
Business
Business Live
GWR issues heatwave warning as UK braces for record temperatures
South West train operator GWR has issued a warning to travellers as temperatures in Britain are set to reach record-breaking highs this week. GWR urged people to only travel if “absolutely necessary” on Monday and Tuesday (July 18 and 19) as the country’s first-ever red heat warning comes into effect in much of England. Temperatures …
18.07.2022 - 09:46
Business
Business Live
People in Wales need to get out of cars and into buses and coaches to reach net zero target
Wales’ net zero emissions target will require a significant shift from car journeys to bus and coach, according to a new report from Confederation of Passenger Transport Cymru. Its Decarbonisation Dividend in Wales report, compiled with WPI Economics, found that if every person in Wales switched two car trips to the local bus each month …
18.07.2022 - 09:46
Business
Business Live
Green bond backing for magnet metal specialist Pensana widens investment market ahead of ground-breaking
Emerging magnet metal material provider Pensana has been certified as a clean investment option in the week in which ground will be broken at Saltend. The London-listed company, which will supply into electric vehicle and offshore wind markets from a £150 million complex chemical engineering plant on the Humber Bank, has been recognised by Cicero, …
18.07.2022 - 09:23
Business
Sky News
Interest rates could top 2% in the next year, Bank of England policymaker says
A Bank of England policymaker has said interest rates could reach 2% or higher in the next year in order to tackle inflation.Michael Saunders, a member of the Bank’s Monetary Policy Committee (MPC), said he did not think that such forecasts from financial markets were “implausible or unlikely”. “Rather than focus on a precise forecast …
18.07.2022 - 09:06
Business
Evening Standard
City relief as GSK’s Haleon gets £31 billion float away
THERE was relief in the City today as the hottest stock market float of the year got off to a decent start amid a near drought in listings that has led to fears of a jobs cull in the Square Mile.Haleon, a spin off from GSK, opened today at 330p which valued the company behind …
18.07.2022 - 08:55
Business
Business Live
Everton paid more than £500,000 in goodwill gesture over Bramley Moore project
More than £500,000 was paid by Everton FC in a goodwill gesture in relation to fees associated with their Bramley Moore stadium project, it has been revealed. It was announced earlier this year that the Premier league club would hand over £502,000 of the £841,000 incurred by Liverpool Council because of the scheme. A joint …
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