With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists covering the auto and transportation industries stay on top of the week’s most newsworthy and popular releases, here’s a roundup of stories from the week that shouldn’t be missed. Continue reading
Steve Schifferes, City, University of London
UK chancellor Jeremy Hunt’s spring budget is a tricky one in terms of timing. Having announced a set of steadying measures in the autumn statement after the Truss/Kwarteng debacle, this budget is likely to be the last but one before a 2024 general election. This makes it a little early for eye-catching tax cuts or business boosts.
Charles Read, University of Cambridge
A former prime minister of Britain, Harold Wilson, is famous for remarking that a week is a long time in politics. But in the world of finance, it seems everything can change in just two days.
Here’s the HM Treasury statement:
Silicon Valley Bank (UK) Ltd has today been sold to HSBC. HSBC is headquartered in London, is the largest bank in Europe and is one of the world’s largest banking and financial services institutions, serving 39 million customers globally. Customers of SVB UK will be able to access their deposits and banking services as normal from today.
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ICAEW has launched their latest virtual work experience programme in partnership with HR tech firm, Cappfinity. The professional membership body, which represents the interests of 195,000 members and students around the world and has 13 offices worldwide, launched its 2023 campaign following the success of its innovative work experience programme in 2021 and 2022. Continue reading
Lloyds Banking Group has invested £10 million in digital identity company Yoti, an investment which supports the development of innovative technology to keep people safe online, tackle the ever-growing risks of identity fraud, and give people more control over their personal data. Continue reading
Comscore, Inc. (NASDAQ:SCOR), a trusted partner for planning, transacting, and evaluating media across platforms, today released the ranking of top social properties by engagement for the Gambling & Lotteries category in the UK based on January 2023 data. Continue reading
n 2022, aviation surveys and reports by leading aviation bodies predicted an imminent pilot shortage, and the situation has been nothing short of these forecasts. These incredible predictions were chiefly informed by the state of the aviation industry, characterised by massive staff layoffs and grounded operations, which left many pilots with no option but to seek alternative income sources to sustain their lives. However, with the rebound in global passenger travel from the first to the last quarter of 2022 and through 2023, many airlines have continued to struggle with high pilot demands and deficits in pilot supply, starting in Asia and Pacific, North America, the Middle East, and Europe where the shortfall in pilot supply is most acutely felt compared to other regions. Continue reading
BP Products North America Inc., a wholly-owned indirect subsidiary of BP p.l.c. (NYSE: bp) has reached an agreement to purchase TravelCenters of America (Nasdaq: TA), one of the country’s leading full-service travel center operators. The acquisition, which is subject to regulatory and TravelCenters of America shareholder approval, will be for $1.3 billion in cash. Continue reading