Woodford named in fresh lawsuit as investors look to recoup £18m three years after fund freeze May 29, 2022 Disgraced former fund manager Neil Woodford will be named in a fresh lawsuit this week as investors look to recoup losses following the collapse of his eponymous equity fund three years ago.
National Lottery faces possible suspension as Camelot legal battle drags on May 29, 2022 The UK gambling regulator has warned that the National Lottery could be suspended for the first time ever.
Police chiefs row over top National Crime Agency job May 29, 2022 Two senior police chiefs are embroiled in a public row over who is chosen to be the next head of the National Crime Agency (NCA) amid claims Boris Johnson is trying to handpick his own candidate. Neil Basu, an assistant commissioner at the Metropolitan Police, has demanded an answer from the Home Office on why [...]
EU prepared to water down oil ban to secure agreement ahead of summit May 29, 2022 The EU is edging towards a watered down package of sanctions on Russia after weeks of talks with holdout country Hungary.
KPMG to cut back audit clients in bid to boost standards May 29, 2022 Big four firm KPMG will scale back its audit operation to focus on improving standards after being hit by a string of fines over audit failings in recent years.
Unlucky hand continues for Mayfair’s Park Lane casino May 29, 2022 Park Lane casino is reportedly on the verge of collapse as the swanky London hot spot struggles to carve a post-pandemic path.
Ministers mull bailout of chipmaker Newport Wafer Fab May 29, 2022 The government is considering a taxpayer bailout of British chipmaker Newport Wafer Fab if its sale to a Chinese-owned firm is overturned on national security grounds. Business secretary Kwasi Kwarteng announced this week that he was using new powers in the National Security Act to review the sale of the Wales-based firm by Wingtech subsidiary [...]
Ukraine puts pressure on Germany to limit Russian gas through Nord Stream 1 pipeline May 29, 2022 Germany is under pressure to reduce its consumption from the Nord Stream 1 pipeline, as Ukraine looks to fund its war efforts through transit fees.
Nationwide boss takes aim at rivals over bank branch closures May 29, 2022 The outgoing chief executive of Nationwide Building Society has taken aim at rivals for shuttering swathes of branches around the country, as he doubled down on the firm's commitment to maintaining its high street presence.
Stick or twist: Ministers prepare to water down upcoming gambling review May 29, 2022 As the review for gambling legislation beckons, it is understood that ministers are rethinking what the industry has called "draconian" measures.