Financial crime fines fall 88 per cent globally – but agencies aren’t about to go easy on wrongdoers August 24, 2023 The total value of fines handed out to banks and financial services firms for financial crime violations slumped in the first half of this year, according to new data. But experts argued regulators aren’t going easy on wrongdoers. According to data from compliance firm Fenergo, regulators worldwide issued 97 financial crime-related fines in the first [...]
Bermondsey craft beer maker Brew By Numbers saved from collapse August 24, 2023 Bermondsey based brewery, Brew by Numbers (BBNo) has been rescued from collapse by investment firm Breal Capital. The craft beer maker fell into administration at the start of the summer but the business which operates out of two sites in Greenwich and Bermondsey continued to operate whilst a sale process took place. The London business [...]
Who’s really to blame for your car insurance getting more expensive? August 24, 2023 Ask anyone who has renewed their car insurance this year and they will tell you it has gone through the roof. But who, or what, is to blame for the surge in prices?
KP Snacks workers take action: ‘If you pay peanuts, expect strikes!’ August 24, 2023 Workers at KP Snacks have voted to walk out for a week in September after they vehemently rejected a “below-inflation” eight per cent pay rise. The factory in Rotherham is the only producer of KP Nuts, so snack-lovers countrywide could find themselves without their usual protein-packed nibbles. Some 83 per cent of workers voted to [...]
IKEA pushes back opening of Oxford Street site August 24, 2023 IKEA is pushing back the date to open its flagship store on Oxford Street, with shoppers forced to hold out an extra 12 months to buy flat pack goods on the iconic London street. Two years ago the Swedish retailer inked a £378m deal to takeover the former Topshop site, after its parent company Arcadia collapsed [...]
Mark Kleinman: The Post Office disgrace, Historic Royal Palaces and DAZN’s next move August 24, 2023 Post Office chief fails again to Read the room Like salt poured in an open wound: that’s the only conceivable metaphor for the corporate governance disgrace delivered by the Post Office in recent weeks. Consider the facts: thousands of sub-postmasters were the victims of a grotesque cover-up, with many of them left penniless, homeless or [...]
John Lewis faces fresh backlash for Ealing build-to-rent scheme August 24, 2023 John Lewis is facing renewed backlash from Ealing locals for its attempts to build hundreds of rental homes in two block towers within the London borough as part of its push to diversify from retail. The struggling department and grocery brand has submitted its finalised development plans to Ealing Council, with an ongoing consultation process [...]
Travelodge reveals record first half as blockbuster London summer drives demand August 24, 2023 Budget hotel chain Travelodge has revealed a record first half, with underlying earnings up 48 per cent, thanks to booming demand for both business and leisure trips and its best ever night in London. Travelodge reported its highest ever revenue night in London in July, as Brits flocked to Blur’s concert at Wembley and Bruce Springsteen [...]
Gatwick bank holiday strikes OFF: Brits breathe sigh of relief as disruption averted August 24, 2023 London Gatwick Airport passengers are no longer facing disruption over the August bank holiday, after workers accepted a last-gasp pay deal. The Unite Union threatened strike action on this weekend, on behalf of members employed by ground handlers Red Handling and Wilson James, who operate passenger assistance contracts. But following the improved offer both have [...]
FTSE 100 close: London markets rally after ‘blockbuster’ Nvidia results as investors bet rates are nearing peak August 24, 2023 London markets stood out among global peers as investors bet that the Bank of England was nearing the end of their rate hiking cycle. The bluechip FTSE 100 index climbed 0.24 per cent to trade at 7,338.16 The midcap FTSE 250 index slipped 0.11 per cent to 18,206.37. Indexes in Paris and Frankfurt fell, having [...]