ECB Member Klaas Knot Calls Hiking Beyond July ‘At Most a Possibility’
European Central Bank Governing Council member Klaas Knot said monetary tightening beyond next week’s meeting is anything but
1970-01-01 08:00
Pret A Manger Reports First Profit in Five Years as Sales Jump
Pret A Manger has returned to profitability for the first time since 2018, as the coffee and sandwich
1970-01-01 08:00
Evergrande's liabilities, depleted coffers raise business viability concerns
By Clare Jim HONG KONG China Evergrande Group's huge liabilities and diminishing cash disclosed in its long-overdue reports
1970-01-01 08:00
Turkish Lira Extends Loss as Banks Pull Back Before Rate Meeting
The Turkish lira extended losses against hard currencies as traders said state banks had withdrawn support ahead of
1970-01-01 08:00
Football transfer rumours: Man Utd to step up Hojlund interest; Kane rules out PSG move
Tuesday's roundup of transfer rumours includes news on Man Utd's pursuit of Rasmus Hojlund, PSG losing ground to Bayern Munich in the race for Harry Kane, Harry Maguire's future, Chelsea's new Moises Caicedo bid and more.
1970-01-01 08:00
Ocado keeps guidance after return to first-half underlying profit
By James Davey LONDON Ocado, the British online supermarket and technology group, kept its financial guidance for the
1970-01-01 08:00
Historic all-female line-up to present TNT Sports football coverage
TNT Sports’ football coverage will be led by four female presenters in the new season as it seeks to “push the boundaries” of sports broadcasting. TNT Sports replaces BT Sport from Tuesday, with Laura Woods confirmed as host of its Champions League coverage alongside Reshmin Chowdhury. Jake Humphrey, who fronted BT’s Champions League coverage last season, announced he was stepping back from his role in May. Lynsey Hipgrave will continue to host live Premier League coverage on TNT Sports, having done so since the start of last season, while Jules Breach replaces Des Kelly as the broadcaster’s pitchside reporter. Ally McCoist joins the TNT punditry line-up for Premier League and Champions League matches, which will still feature the likes of Rio Ferdinand, Peter Crouch and Joe Cole. “We do want to be contemporary, we do want to be bold, we definitely want to push the boundaries of what sports broadcasting has been in this market over the previous years,” Andrew Georgiou, the president and managing director of Warner Bros Discovery Sports Europe, said. “It’s a really good opportunity for us to reflect on what’s happened and it’s almost like, ‘Okay, we’ve got a moment in time to refresh and rethink’.” The rebrand follows the completion of a deal in September last year to form a joint venture that combines the assets of BT Sport and Eurosport UK. From Tuesday, TNT Sports is available to stream via the discovery+ platform. UK subscribers with a premium plan will be able to access TNT Sports and Eurosport via the discovery+ platform, allowing them to watch both networks’ live sport in the same place as well as discovery+ entertainment content. The cost of the premium plan is £29.99 a month, the same as was previously charged for the BT Sport Monthly Pass. Eurosport’s live rights include the Olympic Games and the Tour de France. Georgiou said TNT Sports would be keenly focused on the Premier League’s invitation to tender for its next set of domestic television rights later this year. “We are a premium sports broadcaster and our 100 per cent stated ambition is to remain a premium sports broadcaster, and reviewing our rights portfolio to make sure that remains (the case) is in the bullseye of our agenda,” he said. “We look at everything that comes up. Obviously the Premier League tender is up at the end of the year. That is a key part of our rights portfolio and something we’re focused on.” It is understood the new domestic offering will feature at least 60 more live matches than the current deal but split into a smaller number of packages available for broadcasters to buy, from the current seven down to five. Read More Why is BT Sport being rebranded to TNT Sports? Eurosport merger explained TNT Sports reveals first Premier League game after Eurosport merger Leeds gamble on £100m loan spree highlights broken transfer market Football rumours: Harry Kane rules out PSG move, open to Bayern Munich switch France’s Women’s World Cup advert makes powerful gender statement with surprise twist
1970-01-01 08:00
Swedish Pension Fund Hit by SVB Posts Loss on Property Portfolio
The Swedish fund that got caught up in the US banking crisis this spring reported a first-half loss
1970-01-01 08:00
Holiday childcare costs up with fewer places available, survey finds
Fewer than a quarter of local authorities in England have enough holiday childcare provision for parents working full-time and costs have risen across Great Britain since last year, new research has found. Six weeks of summer childcare for each school-age child could cost almost £1,000, according to the Coram Family and Childcare charity’s annual survey. It said families in Great Britain face costs of £943 per child for this holiday period, which is £538 more than they would pay for after-school childcare in six weeks of term time. The research, based on surveys from local authorities in England, Scotland and Wales between April and June, found that the cost of holiday childcare has risen 3% since 2022. A place at a holiday club now costs an average of £157 per week – 2.3 times higher than the cost of an after-school club during term time, the charity said. Wales has the highest weekly price at £168, followed by Scotland at £157 and England at £156. While costs have risen, availability has decreased, according to the charity, with just 24% of local authorities in England saying they have enough holiday childcare for parents working full-time, down 2% on last year. Provision for eight to 11 year-olds has dropped by 7% on last year, with 23% of local authorities saying they have enough for this age group. The high of cost of holiday childcare is going to put a further strain on families’ already stretched budgets Megan Jarvie, Coram Availability of holiday childcare for disabled children in England has also continued to fall, Coram said, with just 5% of local authorities reporting they have enough to meet local demand, down from 7% in 2022. In Scotland, there has also been a drop in the proportion of local authorities reporting sufficient childcare – down 15% for 12 to 14 year olds, down 14% for children living in rural areas, down 12% for parents working full time and down 11% for eight to 11 year olds. No local authorities in Scotland reported having enough holiday childcare in all areas for disabled children, working parents, parents working atypical hours or children in rural areas. While Wales also has low levels of sufficient childcare for disabled children (5%) and 12 to 14 year olds (5%), the proportion of local authorities reporting sufficient childcare in all areas across all categories of holiday childcare, except parents working atypical hours and children in rural areas, has risen. Local authorities in Wales report the highest level of sufficiency of holiday childcare in all areas for parents working full time (18%), followed by four to seven year-olds and eight to 11 year-olds at 14%. Costs and availability of holiday childcare varies depending on where families live, the charity said, stating that parents in inner London pay up to 25% more than those in the East of England – £177 per week compared to £142. In the East Midlands, some holiday childcare places cost 104% more than the national average, while others are 58% less, Coram said. The charity is calling on the Government to extend childcare funding announced in the Spring Statement to include support during school holidays. Megan Jarvie, from Coram, said: “The high of cost of holiday childcare is going to put a further strain on families’ already stretched budgets. Even if families are able to afford these costs, many will struggle to find a place as we have found shortages right across the country. “Starting school doesn’t mean that childcare needs end. Instead, many find that it becomes more challenging to find options that are right for their family, particularly during the long school holidays. “New Government funding to help improve childcare options during term time is welcome – but families need childcare right through the year.” Coram is also calling on those in charge in England, Scotland and Wales to increase support for family information services to provide good quality holiday childcare information and ensure access to local provision that meets families’ needs, expand provision of school holiday activity and food programmes, and improve the accessibility of holiday childcare for children with special educational needs and disability (Send). Rapid price increases in essentials like food, housing and energy bills have left a growing number of the families we work with stretched and barely keeping their finances afloat Jamie Masraff, OnSide chief executive The Local Government Association (LGA) said “concerted investment and recruitment of quality staff” is needed to ensure correct provision for disabled children, and said it was “disappointing” that the Government had not extended childcare support to include summer holidays. Councillor Louise Gittins, chair of the LGA’s children and young people board, said: “While councils recognise the importance of ensuring there is sufficient provision available for children with Send, it can be difficult to ensure the right provision is available, particularly given the challenging situation that many providers face at the moment.” A Department for Education spokesperson said: “Our Holiday Activities and Food (HAF) programme, backed by £200 million per year to 2025, provides healthy meals, enriching activities and free childcare places to children from low-income families over the holidays. “We are also investing £30 million to test new and innovative approaches to short respite breaks for families of children and young people with special educational needs or disabilities.” Youth organisation OnSide called for the HAF scheme to be expanded to working parents, saying it is “increasingly hearing from working families who don’t qualify but are struggling to afford holiday clubs”. Its chief executive, Jamie Masraff, said: “Rapid price increases in essentials like food, housing and energy bills have left a growing number of the families we work with stretched and barely keeping their finances afloat. For too many, there’s simply nothing left to pay for vital summer childcare.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live How to create a kitchen herb garden What is trail running and should we all be doing it? These are the women making waves in the cycling world
1970-01-01 08:00
Ghosn says Nissan, Renault are going for mini alliance with rebalancing deal
TOKYO Former Nissan Motor chairman Carlos Ghosn said on Tuesday the Japanese automaker and Renault are trying to
1970-01-01 08:00
High anxiety over Ukraine war sets in at EU-LatAm summit that was supposed to be a love-in
High anxiety has set in on the closing day of a summit between European Union and Latin American leaders
1970-01-01 08:00
MUFG Overhauls Joint Ventures With Morgan Stanley in Japan
Mitsubishi UFJ Financial Group Inc. and Morgan Stanley will merge some operations at their Japan-based joint ventures, in
1970-01-01 08:00
