Exclusive: Yu Energy warns six-month business support will not be enough September 27, 2022 Market volatility will endure beyond this winter and businesses could face ultra-high energy bills well into next year, warned the boss of challenger supplier Yu Energy.
Virgin Atlantic boss calls on Govt to make ‘difficult decisions’ and bring pound up September 27, 2022 Virgin Atlantic’s boss Shai Weiss has called on Prime Minister Liz Truss to make “difficult decisions” and bring the pound’s value up. “The message to the government is pretty clear in my mind,” he told journalists on Tuesday morning. “Prime Minister Liz Truss has taken difficult decisions upon entering the role. “Maybe you need to [...]
Hedge funds reap rewards after bets against bonds September 27, 2022 A crop of hedge funds have been reaping bumper profits from a plummeting pound this week after wagering against government bonds and sterling ahead of Kwasi Kwarteng’s tax cutting ‘mini-budget’ on Friday.
Thornberry vows to crack down on corporate fraud if Labour wins election September 27, 2022 Labour has vowed to crack down on corporate fraud if it wins the next election by making it easier to prosecute firms for illegal conduct. Shadow attorney general Emily Thornberry said “fraud is now the UK’s most commonly-experienced crime”, calling it “an epidemic that the government has ignored and dismissed”. The proposed policy would see [...]
Exclusive: STV’s boss on the BBC and conquering the world as Scotland’s peaktime leader September 27, 2022 The British broadcasting sector is hit by one challenge after the next. Following the rapid rise of the likes of Netflix in recent years, the next hurdle presented itself when the pandemic struck two years ago. As a result, the advertising market is under huge pressure and many national and regional broadcasters are struggling to [...]
Former City minister: Scrapping bonus cap could have waited ‘a little longer’ September 27, 2022 John Glen, the former City minister, has said the decision to scrap the bankers’ bonus cap should have waited amid a cost of living crisis. Glen told the Following the Rules podcast that the removal of the cap, announced last week by new Chancellor Kwasi Kwarteng, “was something that I would have deferred for a [...]
Sterling crash: Plenty of blame to go round but much of it falls on the Bank September 27, 2022 The British economy has been through a lot in recent years but a full-scale currency crisis still wins points for novelty. But for all the sound and fury of yesterday’s market movements and the so-called sterling crash, the panic is overdone. Much of the blame for yesterday’s excitement lies, rightly, with the government. This newspaper [...]
Virgin Atlantic to join global airline alliance SkyTeam from 2023 September 27, 2022 Virgin Atlantic has announced it will join global airline alliance SkyTeam from early 2023, becoming the first carrier to enter the organisation in eight years. It will also be the first and only UK airline to become a SkyTeam member. Chief executive Shai Weiss told journalists on Tuesday morning the move was “an obvious extension” [...]
Gymshark names former Asos chief Mat Dunn as new CFO September 27, 2022 Gymshark has announced former Asos interim chief Mat Dunn as its new chief financial officer, as the e-commerce sportswear retailer gears up to open its first physical store. Dunn, whose departure was announced from the fast fashion brand a month ago, will join Gymshark in early 2023. His CV boasts a four year stint as [...]
Exclusive: Blackstone founder Steve Schwarzman picks up Wiltshire country pad for cool £80m September 27, 2022 If you have ever driven through the countryside and imagined living in a 17th century estate, you’re not alone. Steve Schwarzman, the founder and chief executive of Blackstone, has bought Conholt Park, a country house with around 2500 acres of sprawling grounds and a series of cottages fashioned from the remains of an 18th century [...]