Explainer: What’s going on with Farage’s bank account July 20, 2023 Coutts, a prestigious private bank owned by Natwest, is under pressure after it emerged that Nigel Farage’s bank account had been closed, ostensibly for his political opinions alone. The story has caused a furore and, with politicians wading in, it could even spark a set of new rules which would prevent banks ‘debanking’ customers with [...]
I’ve loved every minute of it July 20, 2023 Without aviation insurance, people can’t fly,” says Mark Skilton, Aon’s chairman of Global Speciality within the firm’s Reinsurance Solutions business. Therein lies the rub of the entire insurance industry – a sector that, often in the background, keeps the world moving. And in doing so, it often has to move at speed: Skilton explains to [...]
It showed insurance is a tangible thing July 20, 2023 It can lead you astray,” says Rupert Moore with a chuckle as we discuss Japan’s variety of fried food options. It’s a country he knows well – Moore, now UK CEO of Reinsurance Solutions for global professional services giant Aon, worked out there for the firm for 10 years. And it’s to Japan he goes [...]
How to make the ultimate summer sangria July 20, 2023 My name is Pedro Paulo and I’m the head bartender at the Ham Yard hotel in Soho. This is my twist on a sparkling wine sangria. I have been making this recipe since I was a teenager and it never fails to impress. You can also prepare the drink ahead of time which makes hosting [...]
Lotus Cars to slash 200 jobs amid heavy annual losses July 20, 2023 Lotus Cars will cut up to 200 jobs from its workforce as it looks to restructure its business following huge losses announced earlier in the week. Lotus – who are owned by the Chinese carmaker Geely – reported pretax losses of £141.1m for 2022 on Monday, largely as a result of supply chain issues. In [...]
‘Utterly pathetic’: M&S boss furious as Gove rejects Oxford Street store demolition plan July 20, 2023 Plans by M&S to demolish its flagship site on Oxford Street have been rejected by Michael Gove. The high street stalwart had previously received a green light from Westminster City Council to tear down its Marble Arch store and replace it with a revamped shop featuring a new cafe, offices and a gym. However, the [...]
More business groups back London City Airport expansion after council blocked growth plans July 20, 2023 More business groups have come out in support of City Airport’s expansion plans after they were blocked by a local council. Early last week, Newham Council voted to oppose City Airport’s proposals, which would have created nearly 4,000 jobs and upped passenger capacity by two and a half million at the east-London hub. The airport [...]
Chapel Down increases market share as premium wine sales soar July 20, 2023 Britain’s largest winemaker Chapel Down has upped its market share as demand for its luxury wines heats up. Chapel Down’s market share increased to 36 per cent in the first half of the year, and the brand drove 80 per cent of overall English Sparkling Wine category value growth, according to information tracker Nielsen. The [...]
I tried Russell Brand’s alcohol free festival – it changed my outlook for good July 20, 2023 “One more time? How about ten more times? Let’s all get high!” declares a sober Russell Brand on the main stage at his Community Festival, conducting a breathing exercise to a crowd of thousands which is so mind-bending that people frequently collapse. Medics are on hand as Brand stands centre stage. Alongside him is the [...]
Babcock shares up 10 per cent after reinstating dividend July 20, 2023 British engineering company Babcock said it was confident on further growth this year and would reinstate its dividend, encouraged by the boost to defence spending since the war in Ukraine. The company, which designs and manufactures naval ships and weapons handling systems as well as supporting Britain’s nuclear submarines, said it expected to deliver average [...]