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Energy firms’ customer service ‘worst on record’ – as more and more households struggle to pay bills
Energy firms are letting down more and more customers with their poor levels of customer service according to the UK Citizens Advice. With rocketing bills forcing more households unable to make ends meet, the big suppliers have been accused of failing to do enough to help. The independent advice body said customer service standards were …
Business
Business Live
Huge Tesco deal for health food brand backed by Harry Kane
A health food brand backed by England captain Harry Kane has secured a major distribution deal with Tesco. Products from Chester-based Bio&Me will now be available in almost 800 stores across the UK. The company already has listings with Sainsbury’s Waitrose, Co-op, Ocado and Holland & Barrett. READ MORE: England captain Harry Kane joins £1.4m …
Business
Euro News
EU agrees on landmark crypto regulation in wake of Terra meltdown and Bitcoin plunge
Business
Sky News
‘Cryptoqueen’ added to FBI’s Most Wanted list
A Bulgarian woman, also known as “Cryptoqueen”, has been added to the FBI’s list of its 10 most-wanted fugitives.Ruja Ignatova is accused of defrauding investors out of $4bn (£3.3bn) by selling a fake cryptocurrency called OneCoin. Ignatova, a German citizen, disappeared in late 2017 after bugging a flat belonging to her American boyfriend and learning …
Business
Sky News
Why TV advert breaks could soon get longer – and more frequent
TV advert breaks could get longer and more frequent as part of a review of UK broadcasting rules.The regulator, Ofcom, has said market developments, including the availability of online streaming services, mean it would consider an overhaul of advertising regulations. Currently, public broadcasting channels are limited to an average of seven minutes of advertising an …
Business
Sky News
Aston Martin keeping options open as Saudis weigh possible £200m investment
Aston Martin has said it is considering multiple funding options following reports that Saudi Arabia’s sovereign wealth fund was lining up a possible investment worth hundreds of millions of pounds.Responding to the reports, the luxury carmaker said that it was keeping all “funding options under review,” amid uncertainty around the company’s future. Aston Martin’s shares …
Business
Sky News
EV motorway charging network Gridserve in M&G funding talks
One of Britain’s leading electric vehicle infrastructure companies is in talks about securing a substantial new round of funding from an arm of M&G, the FTSE-100 asset manager.Sky News has learnt that Gridserve is in advanced discussions with Infracapital about a deal that would provide it with significant firepower to accelerate its rollout of EV …
Business
Sky News
Crunch talks between RMT and Network Rail begin as union threatens further strikes
Talks between Network Rail and the RMT have resumed with the union warning it will announce more strike dates if the rail bosses press ahead with a consultation on compulsory redundancies.The two sides met for the first time since a national strike last week against the backdrop of Friday’s deadline for Network Rail to begin …
Business
Evening Standard
Barclays gives 35,000 staff a £1200 pay boost to help with cost of living
Barclays is to give 35,000 UK staff a £1,200 pay rise in August to help them cope with the soaring cost of living.The high street lender said the award will effectively bring forward part of a pay review that was not due to happen until March.The rises will go to customer facing, branch and junior …
Business
Evening Standard
Scottish Widows appoints Wheway chair
Lloyds Banking Group has appointed Scott Wheway as chair of Scottish Widows with effect from 12 September.He will take up the role of non-executive director of the life insurance and pensions provider from the beginning of August while regulatory approval is sought for his new post. Wheway succeeds Sophie O’Connor who took her role on an interim …
Business
Sky News
EY to brief UK partners on plans for $80bn global break-up
Senior executives at the big four accountant EY’s UK firm will be briefed next week on plans for the professional services giant to pursue an $80bn (£66bn) break-up.Sky News has learnt that EY’s 780 UK partners have been invited to a summit at a central London hotel to hear its leadership team outline the next …
Business
Evening Standard
Bank of England needs to guard against a wage price spiral
The recent burst of industrial action, such as last week’s train strikes, highlights how the cost of living crisis is causing pain across large segments of society. The Bank of England holds the medicine and needs to administer it to ensure the cost of living crisis is short rather than sustained.Contrary to the common perception, …

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