BP boss Looney’s pay doubles to £10m – 170 times more than his average employee March 10, 2023 The boss of BP earned more than 170 times more than his average employee last year as his pay doubled to around £10 million after the company benefited from the Russian full-scale invasion of Ukraine. New figures from the oil giant showed that Bernard Looney’s total pay packet increased from around £4.5 million in 2021. [...]
Arrests made as Extinction Rebellion activists douse Barclays office in oil March 14, 2022 Extinction Rebellion activists have doused the front of Barclays headquarters in oil to protest against the bank's fossil fuel investments.
Explainer: Why Waitrose is no longer the jewel in the John Lewis crown and how the group’s future may lie in property, not produce March 17, 2023 Times are tough for John Lewis as chair Sharon White admitted when the high street stalwart this week announced it had made a £234m loss in 2022. The sum was worse than market expectations and marked the second year the upmarket retailer had gone into the red. In a sympathetic letter addressed to the company’s [...]
BEIS Select Committee raises alarm bells over UK’s ‘dire’ climate progress report June 29, 2022 BEIS has raised alarm bells over a key report on Government’s progress to net zero, deeming it "dire", and "catastrophic for the country/
Klarna eyes up $60bn valuation with new funding round February 10, 2022 Buy now pay later (BNPL) giant Klarna is eyeing up a new funding round that could see its valuation jump to $60bn (£44bn) as it looks to fund an expansion.
Petrol prices rise to record levels as RAC calls on government to provide more support for drivers May 25, 2022 Petrol prices climbed to record levels for the third consecutive day yesterday, with soaring oil prices putting more pressure on consumers.
UK automotive production outlook downgraded following April slump May 5, 2022 The automotive industry was forced to downgrade its 2022 production outlook after the number of cars built in April slumped 15.8 per cent. Data published today by the Society of Motor Manufacturers and Traders (SMMT) revealed the number of new car registrations fell to 119,167 units due to covid-induced semiconductor shortages. The decline, the data [...]
Sadiq Khan: Liz Truss, let’s turn the page for London and the UK’s benefit alike September 5, 2022 Sadiq Khan: One of my biggest hopes it that Liz Truss will put a stop the divisive, anti-London approach pursued by her predecessors
Soaring energy bills to drag on UK economy, new forecasts reveal March 28, 2022 Swelling energy bills are set to drag on the UK economy this year by sending a chill through household spending, reveals new research published today. Household energy bills will almost double in October even after rebates are handed out, according to new forecasts published by the EY Item Club today. The downbeat assessment adds to [...]
London today: Mayor Sadiq Khan to roll out measures to take on ‘scourge’ of violence against women and girls June 15, 2022 The Mayor of London will unveil a new £18-million-funding package on Wednesday aimed at combatting the “scourge” of violence against women and girls in the city. During a visit to Waltham Forest in north-east London, Sadiq Khan will announce the Violence Against Women & Girls (VAWG) Strategy which uses public health and education to implement [...]