Anglo American says mining prospects ‘have rarely looked better’ December 8, 2023 Mining giant Anglo American says prospects “have rarely looked better” as part of its performance update to investors today. In a global battle for minerals, Anglo American chief executive Duncan Wanblad said he believed his firm’s ability to tap “world class” assets would ensure “ever more attractive” demand. “Operationally, we are improving cost performance and [...]
Housebuilder: Planning and tax rules are stopping us building London homes December 8, 2023 Berkeley Group CEO Rob Perrins has said Britain's planning frameworks are making it increasingly difficult to build new homes for Londoners
Labour no longer ‘sneering at business’ as it calls in City grandees December 8, 2023 The Labour party has said it is no longer “sneering at business” as it announced 10 new advisers for the City, including the chief of the London Stock Exchange and former chair of the Financial Conduct Authority.
Major UK mobile networks hit with £3bn competition class action December 8, 2023 Four of the UK’s largest mobile network operators have been hit with a class action lawsuit, over allegations they used market dominance to overcharge customers. The class action was filed to the Competition Appeal Tribunal (CAT) against Vodafone, EE, Three, and O2. The case alleges that the companies have been abusing their dominant positions in [...]
City of London Corporation calls on Square Mile to offer ‘supported internships’ December 8, 2023 The City of London Corporation is urging businesses in the Square Mile to offer supported internships for people with Special Educational Needs and Disabilities (SEND). Some 70 businesses from the financial district came together yesterday at Mansion House to discuss what could be done to advance the careers of young individuals. Supported internships usually last [...]
The debt pile at Capita is coming down after a mass sell-off. But is it out of the woods? December 8, 2023 Capita has completed its plan to sell off all of its non-core businesses to work down its debt. But has it done enough to please investors?
‘Damp Squib’? Treasury hits back after Edinburgh Reforms slammed by MPs December 8, 2023 The Treasury has hit back at an assessment of its landmark Edinburgh Reforms for the City, which were today labelled a “damp squib” in a scathing attack by an influential group of MPs.
UK court grants injunction against Russian pipeline firm in $14bn lawsuit December 7, 2023 Russian state-owned oil pipeline company Transneft has had its ability to move funds restricted after a UK court granted an injunction against the firm as part of a $14bn lawsuit.
ULEZ: Counter-terror police lead inquiry into blown-up road camera December 7, 2023 The Met Police is investigating an explosion that saw a ULEZ camera blown up in Sidcup last night. The controversial emissions policy sees high-polluting cars hit with a £12.50 charge for crossing the boundary into greater London. Reports of an explosion began circulating early this morning and just after 5pm the Met Police confirmed a [...]
Octopus Group enters legal services market after buying divorce business December 7, 2023 Octopus Group has acquired a majority stake in a legal service business that focuses on helping customers navigate legal issues surrounding divorce. The group, which is the parent company to energy giant Octopus Energy, has dived into the legal services market by acquiring Amicable. Amicable was was founded in 2015 to serve as a legal [...]