Bank of England delays final Basel bank capital rules to July 2025 September 27, 2023 The Bank of England on Wednesday said it would delay by six months to July 2025 its roll out of the final leg of international bank capital rules that began after the global financial crisis over a decade ago.
London commuter chaos as spate of rail track faults and Tube issues cause delays November 30, 2023 Rail commuters suffered disruption on Thursday morning as several major routes were disrupted by a series of infrastructure failures. Great Western Railway and Elizabeth line services between London Paddington and Reading were being forced to run at a reduced speed due to a broken rail, which was expected to cause delays throughout the day. The [...]
Londoners face more disruption as new tube strike is confirmed for 21 June June 8, 2022 Londoners will need to brace themselves for more disruption as the RMT union has announced that 10,000 of its tube workers will walk out on 21 June. RMT members working for London Underground cited a dispute over pensions and job losses as the main reason behind the walkout. The strike is the latest disruption to [...]
CMA aims for decision on £55bn Microsoft-Activision deal by 29 August July 31, 2023 The UK’s competition watchdog has opened up its inquiry into Microsoft’s Activision Blizzard deal for comments, as it aims for a final decision by Aug. 29 on a £55bn takeover it had previously blocked in April. The Competition and Markets Authority (CMA) also on Monday published Microsoft’s arguments explaining why the deal should be re-evaluated, as the [...]
Rail strikes add to pain for hospitality as trade body warns of crisis point May 30, 2023 RAIL STRIKES this week are set to add to the woes of the hospitality industry, already bruised by an almost doubling of energy bills. Industrial action by the RMT and ASLEF unions will see walkouts on three separate days of what would have been a busy week for bars and pubs. Staff will walk out [...]
2023 Women’s World Cup: Prize money up three-fold – but Lionesses in bonus row July 18, 2023 The Women’s World Cup may not have kicked off yet but it has already been hailed as a transformative moment in the growth of the game, with prize money increasing more than three-fold and, for the first time, most of it being paid directly to players. But some financial issues, including a bonus row between [...]
Tata Steel: Labour demands urgent support for workers facing redundancies May 21, 2024 Labour is calling for the government to take urgent action to cover thousands of workers facing redundancy at the country’s biggest steel plant.
Staff walk out at 114 Crown Post Offices today over worker pay July 11, 2022 Over one hundred Crown Post Offices will be disrupted by strikes today after workers voted in favour of a staff walk out over pay.The industrial action of 1,500 staff will cause “considerable delays” for consumers, the Communications Workers Union (CWU) said. Union members rejected a pay offer by the Post Office, which the union said [...]
Wilko bosses to be questioned by MPs following company’s collapse November 23, 2023 The bosses of Wilko will appear before MPs next week to explain the shortfall in the company’s pension fund and why its owners were taking money out of the debt-laden company. MPs on the Business and Trade Committee said they would question the company’s former chief executive and chairwoman as well as representatives from its auditor EY. [...]
Royal Mail owner ‘minded’ to accept raised £3.5bn takeover offer by Czech billionaire May 15, 2024 Royal Mail owner International Distribution Services (IDS) announced on Wednesday that it is "minded" to accept a raised takeover offer worth around £3.5bn from Czech billionaire Daniel Kretinsky.