FIVE at FIVE: Online tax divide, British Airways strike, Wise investigation and 88 pens new deal…

Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news

Proactive Published 27/06/2022

Share X in f @

1. Retail giants divided over online sales tax

A ‘retail war’ is raging over the introduction of an online sales tax, with Asda joining Amazon and Asos in lobbying against, while the likes of Tesco and B&Q owner Kingfisher are in favour.

2. British Airways staff plan summer strike

Members of the Unite trade union who work for BA at the London hub have voted in favour of industrial action, joining colleagues who are with the GMB union.

3. Wise CEO being investigated over tax defaults

HMRC published a list of business and individual tax defaults last September, saying he failed to pay £720,495 of tax for the 2017-18 tax year and received a fine of £366,000.

4. FTSE 100 closes ahead

Britain's top share index finished Monday in positive territory, up over 49 points, or 0.69%, at 7,258

5. 88 Energy signs deal for exploration data

The company, in a statement, told investors that a licensing agreement with SAExploration gives it the use of 3D seismic data for the Franklin Bluffs area