FTSE 100 Live: Stocks to fall as Hormuz strikes revive security threat; Asian markets hit by tech sell-off after Apple price hike
I recreated all my favourite TV tropes, from crawling through pipes to being two kids in a trenchcoat
‘Profiteering’ Home REIT to be sued over misleading investor information December 7, 2022 Beleaguered property investor Home REIT has been hit by a lawsuit from investors today amid claims it is “profiteering from the housing crisis” and used misleading information to raise cash. The social housing-focused firm has been hammered by a slew of claims from short sellers in the past two weeks over the quality of charity [...]
CMA provisionally clears Mitie and PAE over Heathrow and detention centre contracts December 7, 2022 The markets regulator has closed an investigation into alleged anti-competitive behaviour over procurement contracts for Heathrow and an immigration centre. In an update published on Wednesday, the Competitions and Markets Authority (CMA) said it would close the probe into the conduct of Mitie and PAE launched in March. The two firms were responsible for on-going [...]
Five ‘shameful’ firms fined hundreds of thousands of pounds for preying on older Brits December 7, 2022 Five “shameful” companies have been fined a total of £435,000 for targeting people over 60 with nearly half a million unlawful marketing calls. The firms were “deliberately targeting” those signed up with the Telephone Preference Service (TPS) – a register for those who do not want to receive marketing calls – to sell insurance for [...]
‘They had their chance and walked away,’ Octopus boss slams rivals in Bulb battle December 7, 2022 Octopus Energy has hit back at rival firms challenging its takeover of Bulb amid a protracted legal battle over the fallen supplier's future.
Hunt to present changes to City rules in bid to make London more competitive December 7, 2022 Various media report this morning that Chancellor Jeremy Hunt will later this week unveil a package of financial reforms to relax regulation in the City in a bid to make London more competitive. The measures are likely to include easing the ring-fencing rules on Britain’s biggest banks, which were imposed following the 2008 financial crisis, [...]
City Moves: Who’s switching jobs in the Square Mile? December 7, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. The Bank of London The Bank of London has poached its new chief financial officer from Metro Bank. Banking veteran Marc Jenkins, who will also join the executive management committee, spent two years as deputy and acting [...]
BrewDog ad banned for branding beer ‘one of your five a day’ December 7, 2022 A BrewDog advert has been banned by the industry watchdog after it branded beer as “one of your five a day” in a marketing email. The Advertising Standards Authority (ASA) said the claim was misleading, suggesting that consumers could be confused by the messaging. The body of the email featured the heading “FEELING FRUITY” in [...]
Odey Asset Management taking sexual assault claims “extremely seriously” – reports December 6, 2022 Bosses at Odey Asset Management have reportedly said they are treating claims of sexual assault against founder Crispin Odey “extremely seriously”, after new claims were reported in the media this week.
Breezy does it: Onshore wind gets green light after Government U-turn December 6, 2022 Onshore wind is finally set for a revival following Government U-turn, with Downing Street pledging to relax restrictions on new turbines.
Ministers call for clearance personnel on Roman Abramovich-owned Truphone deal December 6, 2022 Ministers have demanded that the German businessman snapping up Roman Abramovich’s British telecoms firm must hire government-cleared security personnel for the deal to be sealed. Business Secretary Grant Shapps said the takeover of the UK firm Truphone could pose a risk to national security, and could lead to disruption of the mobile services sector. Hakan [...]