“In discussions”: What next for Crispin Odey’s City empire? June 10, 2023 Odey Asset Management has revealed it is in “active discussions” with its broker partners, after fresh misconduct allegations published against its founder led banks to review their relationship with the fund. It followed a report in the Financial Times (FT) – together with Tortoise Media – which included several allegations of sexual harassment or misconduct [...]
Sunak defends “progressive” UK tax system June 10, 2023 Rishi Sunak has insisted the UK’s tax system is “very progressive” as he brushed off questions about his own financial affairs. The Prime Minister paid an effective rate of around 22% on his substantial income because the majority came from capital gains rather than earnings. But Mr Sunak insisted the tax system was fair for [...]
Wall Street: US stocks inch higher before next week’s busy slate of updates June 10, 2023 US stocks inched higher on Friday to close a listless week for Wall Street, as investors wait for next week’s slate of potentially market-moving updates. The S&P 500 rose 4.93, or 0.1 per cent , to 4,298.86 to cap its fourth straight winning week, the Dow Jones Industrial Average added 43.17, or 0.1 per cent [...]
Greggs on track to roll out 150 new stores across UK – and could accelerate plans June 10, 2023 The boss of Greggs has said the bakery chain is on track with plans to open 150 new shops across the UK. The sausage roll seller said it will open new stores in Cornwall and other areas where it currently has fewer sites as part the group’s rapid expansion plan. Greggs currently runs around 2,300 [...]
Have you seen him? City boss gets 14 years over £70m Ponzi scheme – but is on the run June 9, 2023 A City boss compared to the The Wolf Of Wall Street has been sentenced to 14 years’ imprisonment in his absence over a £70 million Ponzi-style investment scam. Anthony Constantinou, 41, went on the run during his seven-week Southwark Crown Court trial and is thought to be in Turkey or Dubai after being stopped in [...]
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