The American private equity giant TPG is among a pack of investors which want to buy a stake in Monzo, the British-based digital bank. The American private equity giant TPG is among a pack of investors which want to buy a stake in Monzo, the British-based digital bank. Sky News …
Read More »TPG jojns race for Monzo stake after end of £10bn bid talks | Money News
The American private equity giant TPG is among a pack of investors which want to buy a stake in Monzo, the British-based digital bank. The American private equity giant TPG is among a pack of investors which want to buy a stake in Monzo, the British-based digital bank. Sky News …
Read More »G7 to release 100 million barrels of oil and diesel after Trump export ban threat
The G7 has agreed to release 100 million barrels of oil and diesel in a bid to ease supply pressures that have caused prices to skyrocket. The group of advanced economies, including the US, said the move would include a “substantial release” of diesel in the coming days. President Donald …
Read More »Diesel prices in the UK have hit an all time high – here’s why
The average price of diesel has risen above £2 a litre in the UK for the first time, according to the RAC motoring group, with petrol also soaring to 174.71p a litre on average. Price rises were “showing no signs of slowing, heaping more misery onto motorists,” the group said. …
Read More »City steps up opposition to Healey bank tax raid in budget | Money News
Some of Britain’s leading business groups are mobilising to intensify their opposition to a Treasury tax raid on the banking sector in this month’s budget, days before sector chiefs meet the chancellor in person for the first time. Sky News has learnt that trade associations said to include the UK …
Read More »New free repair shop to launch in Jericho area of Oxford
Free help with repairing bikes, electrical items, computers and clothes is coming to an Oxford neighbourhood. On Saturday, the first Jericho Repair Shop will take place at St Barnabas CE Primary School, in Jericho, between 10 and 12:00 BST. Organiser John Mair said everyone was welcome to come along and …
Read More »Sky-high fuel prices push costs up on customers and charities
Growing fuel costs are leading to an increase in costs for charities and other businesses. BBC News
Read More »Business Daily – Taking stock: How evicting an 87-year-old woman in Spain disrupted the debate on housing
Available for over a year Protests in Spain about 87-year-old Mariacarmen Abascal’s eviction from social housing reignited the housing affordability debate globally, as inflation ticks up and career prospects for the young have been impacted by the rise in AI. We head to Nigeria, India and the UK to take …
Read More »UK diesel price hits £2 a litre for first time, says RAC
The average price of diesel has risen above £2 a litre in the UK for the first time, according to the RAC motoring body, as the fallout from the Iran war continues to push up the cost of fuel. Diesel has now hit an average of 200.01p a litre, the …
Read More »Kurt Geiger owner steps away from Harrods and Selfridges shoe departments | Money News
The new owner of Kurt Geiger, the women’s fashion brand, is considering stepping away from the business which manages the shoe departments in Harrods and Selfridges. Sky News has learnt that Steve Madden, which bought Kurt Geiger in a £289m deal last year, is working with bankers to offload the …
Read More »Energy regulator Ofgem closes in on appointment of Jarvis as new chief | Money News
Britain’s energy watchdog is closing in on the appointment of Tim Jarvis as its new chief executive, seven months after he was handed the role on an interim basis. Sky News understands that Mr Jarvis has emerged as the frontrunner to be named as the next permanent boss of Ofcom. …
Read More »Fuel costs: Diesel prices in NI at highest level since Iran war began
Diesel prices in Northern Ireland are at their highest level since the Iran conflict began, according to Consumer Council data. It shows that over the past week the average price of a litre of diesel was 193.3p. That is below the record average of 197.2p in the summer of 2022, …
Read More »Why are minimum alcohol prices going up?
The minimum price of alcohol (MUP) in Wales has risen by 30%. BBC News
Read More »Shropshire HGV training firm ‘riding out’ diesel price rises
Record-breaking fuel prices have left a firm teaching people to drive lorries and buses having to “ride out” the rising cost of filling up its vehicles. The average price of diesel in the UK hit an all-time high this week at 199.33p a litre, according to the RAC motoring organisation. …
Read More »OpenAI fires three workers over mishandling ‘sensitive information’
OpenAI has fired three researchers for allegedly mishandling information, including work that involved an external organisation that analyses artificial intelligence (AI) models. “Our investigation confirmed that these individuals mishandled sensitive information outside established company procedures, violating our policies and breaking the trust essential to our work,” a spokesperson told the …
Read More »The wealthy Cuban Americans ready and waiting for Havana to fall
The Cuban government has not commented on the CANCC itself. But traditionally such groups prompt indignation among revolutionaries who insist they will not be forced out by their critics in Miami. I ask some guests if they can appreciate the irony that the same people who support a major source …
Read More »Why Gen Z are opting out of workplace pensions
Hassan says he was paying 10.7% of his gross earnings each month into his workplace pension, while the NHS contributed a substantial amount on top. But unlike some employers, the NHS doesn’t allow staff to reduce their contributions when times are hard. Overall, however, he is confident he will have …
Read More »What’s gone wrong at Nike? How the world’s sportswear giant lost its mojo
It’s been a difficult few years for Nike. The largest sportswear brand on the planet, named after the ancient Greek goddess of victory, has been losing of late. Losing sales, losing customers and losing ground to its rivals. The one-time industry disruptor is now the establishment and in the middle …
Read More »Thames Water apologises after £145,000 customer bill
Thames Water has apologised to a customer after trying to take £145,000 from his bank account due to a meter reading error by the company. Adam Bainbridge, a teacher from north London, discovered while routinely checking his accounts on Thursday morning that Thames had debited £145,562 from his bank account. …
Read More »UK in talks with EU partners to release strategic fuel reserves if needed, BBC understands
A European Commission spokesperson said today that there were “lots of calls, lots of meetings” taking place on the diesel situation, including with “high level contacts” in the US administration. A meeting of the governing board of the International Energy Agency (IEA) is taking place tomorrow. Prices of petrol and …
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