Private equity firm Polaris divests from SSG Group to BELFOR May 25, 2022 Private equity investor Polaris has divested its majority shareholding in the SSG Group to BELFOR. The Nordic company will put its resources in BELFOR, which has more than 11,000 employees, and works on damage assessment and reconstruction. Polaris worked with SSG to strengthen its position through acquisitions in Denmark and Sweden, with Rune Lillie Gornitzka, [...]
Pets At Home: Owners continue to pamper their pooches despite price hikes May 25, 2022 Pets At Home seem to have braved the doggy dog world of inflation, with the retailer announcing market share wins this morning after revealing customers are spending more than ever on their furry friends.
Facebook whistleblower Frances Haugen talks Meta, Musk and online safety May 25, 2022 City A.M. chats with Facebook whistleblower Frances Haugen about Meta, Musk and the future of online safety.
Bitcoin price dips below $30k while crypto becomes part of the conversation in Davos May 24, 2022 The Bitcoin price continues to hover around $30k, having fallen around three per cent over the past 24 hours to $29,400 this morning.
KPMG fined £3.4m over Rolls Royce audit failings May 24, 2022 Big four firm KPMG has been fined £3.4m over its audit of Rolls Royce. The company was slapped with the penalty by the financial regulator over its failings to address problems at the company in a 2010 audit. This is the fourth fine imposed on KPMG in 2022 according to the FT. The Financial Reporting [...]
Partygate: Sadiq Khan urges Met to provide ‘urgent clarity’ on picture showing Downing Street lockdown drink May 24, 2022 Sadiq Khan has called on the Met Police to provide “clarity”, as to why Boris Johnson was not fined for a November 2020 Downing Street gathering revealed in a leaked picture yesterday. The Mayor of London made his comments after ITV News published an image of the prime minister raising a glass during a gathering, [...]
Households backed with government grants to support ramp up of heat pumps May 23, 2022 Energy users can now apply for government grants to swap their gas boilers for heat pumps, after it opened its boiler upgrade scheme today.
Emily enjoys Downs gallop ahead of Epsom Classic May 23, 2022 Tom Marriott reports from yesterday’s Cazoo Derby Gallops Morning at Epsom Downs Racecourse. AFTER a pair of pulsating wide-margin victories this season, Emily Upjohn is a shade of odds-on with most bookies to win the 2022 Cazoo Oaks in 10 days’ time. She streaked away from her rivals by nine-and-a-half lengths at Sandown last month, before [...]
The City View: Bailey bites back, and analysing Australian Labour Party victory May 23, 2022 Today Andy Silvester talks to City A.M. reporter Stefan Boscia. They go through the Labour victory in the Australian election, and, back in the UK, unpick the Tory party split over a proposed windfall tax on energy companies. In the economic and business news: BoE Governor Andrew Bailey has denied that the Bank’s actions during [...]
Over half of punters push back against government imposed gambling limits May 23, 2022 New data has revealed nearly two thirds of punters (65 per cent) believe there is a large or substantial risk that setting limits on the amount of money spent on betting would drive more people to the unsafe, unregulated black market online.