Home REIT: Key tenant slips into arrears as shareholders say it’s getting “worse” April 3, 2023 The boss of Home REIT’s now-bankrupt biggest tenant controlled nearly a quarter of the firm’s rental income via three different companies – none of which have paid rent to the firm, City A.M. can reveal. Gurpaal Judge, the chief of Home REIT’s collapsed biggest tenant Lotus Housing, also ran tenants Redemption and Eden Safe, which [...]
Headspace: At football or the office, how we behave matters April 3, 2023 Each month our mental health columnist Alejandra Sarmiento offers her views on staying sane in a challenging world I was at a football match recently. To my left, there was a man, probably in his early 40s. His son, ten years old at the most, sat on the other side of him. For the first [...]
Rio Tinto faces shareholder revolt over chief exec’s 70 per cent pay hike April 2, 2023 Rio Tinto is reportedly set to face down a shareholder revolt at the mining giant’s annual general meeting this Thursday after the firm raised it’s chief executive’s pay by 70 per cent. Danish chief executive, Jakob Stausholm, took home £4.8 million in 2022, up from £2.8 million in 2021. According to a report in the Mail [...]
M&S slams ‘inaccurate’ report of looming job cuts at London head office April 2, 2023 High street retailer Marks and Spencer has dismissed a report that it will cut hundreds of jobs at its London head office as “simply inaccurate”. According to a report in The Sunday Times, the household name is expected to drastically downsize its head office in the capital as part of a slew of reforms brought [...]
Lord Mandelson’s firm advising Tiktok in UK as it looks to avoid further bans April 2, 2023 A public affairs firm set up by Lord Mandelson is advising Chinese-owned Tiktok, which faces bans by multiple governments over spying fears. Global Counsel, which Mandelson founded in 2016, is helping Tiktok “frame their messaging” to assuage concerns that it would pass on data to Chinese state intelligence agencies if asked, according to a report [...]
No plans to delay EU laws ‘bonfire’ deadline, says government April 1, 2023 The government has said that there are no plans to delay the deadline of the so-called “bonfire” of EU laws following reports that Rishi Sunak’s pledge, scheduled to be completed by the end of the year, was proving difficult. The Times reported on Saturday that Downing Street is considering a six-month extension to the Government’s [...]
Government to encourage businesses to save energy as it slashes bill support April 1, 2023 The government has launched a bid to help businesses use less energy on the same day as it pulls away most of its energy bill support for companies. Small and medium-sized companies will be told that they can save money on their bills by putting light and heating on timers, turning down flow temperatures on [...]
Docklands Light Railway: Cleaners and security staff launch strike over pay April 1, 2023 Cleaners, security staff and other workers on the Docklands Light Railway have launched a 48-hour strike in a dispute over pay. Members of the Rail, Maritime and Transport union (RMT) employed by ISS on the London railway have rejected an offer the union said was worth 1.8 per cent. The RMT claimed ISS staff on [...]
Water companies could face unlimited fines for polluting – Coffey April 1, 2023 Water companies could face unlimited fines and penalties under new government plans to tackle pollution. Environment Secretary Therese Coffey is expected to announce next week plans that ministers believe will “make polluters pay”, with tougher fines levied on water companies put into a “water restoration fund”. It comes as the latest Environment Agency figures showed [...]
Apple wins appeal against UK’s decision to investigate its mobile browser April 1, 2023 Apple Inc won its appeal against the decision by Britain’s antitrust regulator to launch an investigation into its mobile browser and cloud gaming services, the Competition Appeal Tribunal (CAT) ruled on Friday. Regulator the Competition and Market Authority (CMA) opened a full investigation in November into the dominance of Apple and Alphabet Inc’s Google in [...]