Petropavlovsk appoints KPMG as independent forensic investigator November 23, 2020 Russian gold mining company Petropavlovsk has appointed KPMG to undertake a forensic investigation into certain business deals made in the last three years. The investigation will examine deals between Petropavlovsk and its subsidiaries, and fellow mining company IRC and its subsidiaries in the three years to August 2020. The investigation was proposed at Petropavlovsk’s general [...]
FTSE flattens mid-afternoon November 23, 2020 Cineworld, Tui, BA owner and pub companies lead FTSE vaccine bounce
Boris Johnson vows ‘no return to austerity’ amid plans to freeze public sector pay November 20, 2020 Nearly 4m public sector workers may face a pay freeze next year, including soldiers, police officers, teachers and civil servants
BNP Paribas’ UK property chief on the impact of the pandemic November 20, 2020 In his first interview since taking up the role of UK CEO of BNP Paribas Real Estate in July, Etienne Prongué sat down with City A.M.’s Michiel Willems to discuss the unprecedented beating the City’s property investment space received since the start of the pandemic, with transaction and fundraising levels remaining suppressed. But despite the [...]
The schemes supporting businesses through winter November 19, 2020 | Sponsored When the first wave of Covid-19 struck the UK in March, many businesses feared the worst as they closed their doors. With the help of a number of UK Government schemes, however, most firms avoided the worst of what could have happened. The suite of measures, ranging from emergency loan support to the heralded furlough [...]
Struggling Cineworld leads the list of 10 most shorted UK stocks November 19, 2020 Investors have taken big bets against cinema group Cineworld and energy firms Premier Oil and Tullow Oil, with Blackrock taking the highest number of short positions in the UK market, new analysis has shown. Behind Cineworld, Premier and Tullow, the most shorted stocks as of 12 November included oil services firm Petrofac, lender Metro Bank [...]
Editorial: Christmas plans expose Government’s lack of strategy November 18, 2020 Only a true Scrooge would begrudge the Government’s reported plans to open up the country for a Christmas spectacular. But, well, here we are. Such a move betrays the fundamental lack of thought at the heart of the Government’s strategy – or lack thereof. The plan, as we understand it, is to allow for household [...]
British PM defends COVID-19 procurement after “chumocracy” accusations November 18, 2020 By Michael Holden LONDON (Reuters) – British Prime Minister Boris Johnson defended his government’s handling of the procurement of protective equipment during the COVID-19 pandemic on Wednesday, after a spending watchdog said suppliers with political links had been fast-tracked. The National Audit Office (NAO) said there had been a lack of transparency and a failure [...]
Billionaires buy Bitcoin November 18, 2020 We are seeing an almighty squeeze in the Bitcoin price. There is a tsunami of buying power up against reluctant sellers. These buyers are putting real money behind Bitcoin, not the old dribs and drabs normally seen from retail investors. The world’s billionaires are scrambling aboard and the numbers prove it. In 2017, there was [...]
UK police arrest man over 1974 Birmingham pub bombings November 18, 2020 British counter-terrorism police said on Wednesday they had arrested a man over the 1974 pub bombings in the city of Birmingham which killed 21 people, the deadliest attack on the British mainland in 30 years of Northern Irish violence. The bombings took place in the crowded Mulberry Bush pub and The Tavern in Birmingham, central [...]