Allwyn snaps up rival Camelot as it gears up for National Lottery takeover November 19, 2022 Allwyn will snap up the current operator of the National Lottery Camelot UK as the Czech firm gears up to takeover the licence in 2024. Earlier this year, the Gambling Commission awarded Allwyn the licence to operate the National Lottery from 1 February 2024. Camelot, which is owned by Ontario Teachers’ Pension Plan Board, initially [...]
Theranos founder Elizabeth Holmes jailed 11 years for fraud November 19, 2022 Elizabeth Holmes, the founder of blood-testing start-up Theranos, has been sentenced to more than 11 years in prison for defrauding investors. The disgraced former CEO falsely claimed the Theranos tech could diagnose diseases with a few drops of blood. Theranos was valued as much as $9bn (£6.5bn) at its peak, with Holmes heralded as the [...]
Brits set for painful hikes to energy bills despite more support, warn analysts November 19, 2022 Household energy bills will continue to rise next year from record levels this winter, warns specialist group Cornwall Insight.
Exclusive: ‘We’re beyond the point of Pizza Fridays,’ warns City workplace insider November 19, 2022 The City and businesses across the UK have hearing about “digital transformation” for years. But it took the watershed year of 2020 to really highlight just how businesses and organisations need to align technology solutions to their business goals. While the real life test case for digital transformation was playing out in front of our [...]
‘Little difficulty’ proving Qatar booze deal breached, but top lawyers say it may not mean a legal row November 18, 2022 Budweiser will have “little difficulty” proving there has been “breach of contract” after Qatar banned alcohol in stadiums for the World Cup, but top lawyers say it may not lead to a massive legal row. The beer brand’s owners AB InBev were left in a state of shock this morning after Qatar announced booze would [...]
Council boss who led Rotherham abuse scandal response named City of London’s new chief exec November 18, 2022 A high-profile public sector chief, who led Rotherham council’s response to the town’s sex abuse scandal, is set to take on a new position as the City of London’s Town Clerk. Ian Thomas CBE will leave his position as head of the Royal Borough of Kingston to succeed John Barradell as the City of [...]
Lloyd’s of London to face £735m court battle over Dubai owned aircraft seized by Russia November 18, 2022 Lloyd’s of London is being sued for $875m (£735m) over its failure to pay out on a multi-million-dollar insurance claim filed over the Russian state’s decision to seize hundreds of planes this March. Airplane leaser Dubai Aerospace Enterprises Ltd (DAE) has filed a High Court claim against Lloyd’s seeking more than $875m from the insurer, [...]
Independent petrol retailers cut prices to lure Brits as wholesale costs ease November 18, 2022 Price competition has returned to the pumps, with independent forecourts offering better petrol deals for Britain's drivers, says the AA.
Biffa CFO to leave waste management firm for packaging manufacturer DS Smith November 18, 2022 Biffa’s financial chief has stepped down from his position as the waste management firm’s chief financial officer to join packaging manufacturer DS Smith. Biffa CFO Richard Pike is set to leave his position after four years at the UK’s second largest waste manager. Pike’s exit comes after US private equity firm Energy Capital Partners (ECP) [...]
Everyman cinema chairman to bow out after shrinking pandemic losses November 18, 2022 Everyman Media Group’s chairman has announced his exit, after helping steer the cinema chain through pandemic restrictions. Paul Wise, executive chairman, will remain in his role until the end of February next year, when he will then depart to pursue other interests. The outgoing chief joined the group in 2013, having been a partner at [...]