New prime minister has to grapple with ‘unsustainable’ UK indebtedness, fiscal watchdog warns July 7, 2022 Britain is on “an unsustainable path” to high indebtedness unless action is taken to strengthen the public finances, the country’s fiscal watchdog warned today. A combination of higher health spending to deal with an ageing society, the loss of motoring taxes due to the transition to net zero and greater geo-political risks could swell the [...]
Starmer, Sturgeon and Davey respond to Boris Johnson’s resignation: Election, referendum and unity on the table July 7, 2022 Labour leader Keir Starmer has led the response to Boris Johnson’s impending resignation, saying he has been “Responsible for lies, scandal and fraud on an industrial scale” North of the border, the Scottish National Party’s Nicola Sturgeon saw the resignation as a renewed opportunity to push for independence, while Wales’ First Minister Mark Drakeford called [...]
Sadiq Khan rules out running as an MP if general election is called July 7, 2022 Mayor of London Sadiq Khan has branded Boris Johnson’s refusal to quit ” one of the most shameful sagas in the history of British politics”. The Labour politician, who took on the job from Johnson in 2016, said the PM “has presided over a government defined by lies, sleaze, an utter lack of integrity, unlawful [...]
Advertiser Talon Outdoor bags cash injection from Equistone for dealmaking push July 7, 2022 Out-of-home advertising agency Talon Outdoor revealed it has secured backing from private equity outfit Equistone today as it readies to accelerate its investment into technology and kick off a dealmaking push.
Happy as a clam: Shell raises value of oil and gas assets as refining soars July 7, 2022 Shell has announced it will reverse up to $4.5bn in write-downs on oil and gas assets after raising its energy prices outlook.
Mediclinic bosses U-turn on rejection of billion-pound takeover by consortium July 7, 2022 The board of private hospital operator Mediclinic have U-turned on their rejection of a takeover approach from a consortium including billionaire luxury goods tycoon Johann Rupert. Bosses at the London-listed firm said today that having weighed up the realities of current macro-economic conditions, “the near-term value realisation of the latest proposal provides Mediclinic’s shareholders an [...]
Ofgem puts the squeeze on troubled energy firm July 7, 2022 Troubled supplier UK Energy Incubator Hub could be forced to remove a senior individual from a key management role by the market watchdog Ofgem.
Sainsbury’s investors back supermarket as it refuses living wage accreditation July 7, 2022 Sainsbury’s saw a minority of shareholders revolt over staff pay at its AGM on Thursday morning, with nearly 17 per cent backing a resolution for the supermarket to gain Living Wage accreditation. Some 16.7 per cent shareholders supported a resolution that urged the supermarket to become a Living Wage accredited employer. The resolution required 75 [...]
Five top Kremlin-linked energy bosses have mysteriously been found dead since start of 2022 July 7, 2022 Five leading energy officials in Russia have now reportedly died in suspicious circumstances since the start of the year. A shipping boss with ties to the Kremlin, Yuri Voronov, was found with a gunshot wound at his property this week. This comes after four other officials with links to Moscow’s energy industry, and in particular [...]
Former Skyscanner chief becomes Scotland’s very first chief entrepreneur officer July 7, 2022 Mark Logan, a former Skyscanner chief operating officer, has been appointed as Scotland’s first chief entrepreneurial officer. The two-year post will mean Mr Logan will be a senior adviser to the start-up nation programme, which was set up to deliver the entrepreneurial recommendations in the Government’s recent 10-year economic strategy. The appointment was announced by [...]