Ringfencing risks driving up energy bills, warns Cornwall Insight July 30, 2022 The cost of ringfencing consumer credit balances will risk adding more costs to bills "at a time when consumers can ill afford them" says Cornwall Insight.
The week in review July 29, 2022 Bitcoin had a sudden surge yesterday breaching $23,000 for the first time and even (briefly) spiking to beyond $24,000 at one point early this morning. So what’s going on and is it likely to stay there?
EP: 151 Goodwood – Saturday July 29, 2022 The ultra-competitive Stewards’ Cup, run over 6 furlongs, is one of the highlights on the final day of Glorious Goodwood. Trainer James Ferguson (First Folio) is on hand to tell us more about his horse’s chance in the big sprint handicap. Morning Wire Racing editor Bill Esdaile previews the final day’s action at this year’s [...]
Developers warned: House-building in three West London boroughs stalled until 2030 over lack of power July 29, 2022 Developers in three West London boroughs have been warned they may not have electricity capacity for new homes until 2030. The Greater London Assembly (GLA) wrote to developers in Hillingdon, Ealing and Hounslow this week, airing concerns about “availability of electricity capacity” which could stall new homes. It said power companies were warning developers “electricity [...]
Inflation, Ukraine war and pandemic contribute to Jupiter Fund Management haemorrhaging profit and assets July 29, 2022 The London-listed Jupiter Fund Management haemorrhaged profits and assets in the first half of 2022 owing to the challenging geopolitical environment. Assets under its management (AUM) dropped to £48.8bn from £55.3bn at the end of March, while underlying profits were down to £53.9bn, from £79.8bn in the same period last year. Its statutory profits before [...]
NatWest ups dividends as profits surge on the back of interest rate hikes July 29, 2022 NatWest today upped its dividend after its pre-tax profits increased 13 per cent to more than £2.6bn for the first half of 2022. Higher lending incomes on the back of the Bank of England’s interest rate hike lifted NatWest’s finances and saw the bank raise its full-year revenue forecast to around £12.5bn, up from previous [...]
Bad Jews review: An unnervingly realistic portrait of bad family communication July 28, 2022 I’d estimate that at least half the audience at Bad Jews are having an uncomfortable flashback while they watch. Joshua Harman’s play, which first premiered Off-Broadway ten years ago, is unnervingly successful at capturing the impossibility of family communication, especially in light of grief. We’re stuck in Jonah’s confined New York City apartment, where, as [...]
Cost of living crisis prompts almost a third of UK workers to take second job July 28, 2022 Nearly third of workers in the UK are seeking to work two jobs to support themselves as the cost of living crisis sends prices of essentials soaring. 32 per cent of workers are aiming to take on a second job in addition to their current job to make more money, a national survey of 2000 [...]
Liz Truss and Rishi Sunak will both lose in the style stakes July 28, 2022 It was Nadine Dorries who started it. Of course it was. Earlier in the week, the culture secretary, a passionate Liz Truss supporter, tweeted to praise the foreign secretary for wearing earrings from Claire’s Accessories which had cost £4.50. By contrast, Rishi Sunak was sporting £450 Prada loafers and a bespoke suit worth £3,500. No [...]
Money launderer jailed for nine years over scheme to smuggle £104m to Dubai July 28, 2022 The head of a money laundering operation, that saw millions smuggled out of Heathrow airport in suitcases and sent to Dubai, has been jailed for nine years. Emirati national Abdullah Mohammed Ali Bin Beyat Alfalasi, 47, ran a scheme that saw cash believed to be profits from drug dealing, collected from criminal groups across Britain [...]