Russian oligarch backed fund LetterOne files lawsuit against private equity firm that cut ties following war in Ukraine July 7, 2022 The Luxembourg headquartered investment fund founded by sanctioned Russian oligarchs Mikhail Fridman and Petr Aven has filed a lawsuit against the London private equity firm that manages $5bn (£4.2bn) of it’s money. Multi-billion-dollar investor LetterOne is taking legal action against Pamplona Capital Management, in calling on the private equity firm to open its books, after [...]
Delayed: Sizewell C nuclear power plant decision pushed back amid Westminster turmoil July 7, 2022 The Government has delayed making a decision on whether to approve a new nuclear power station at Sizewell in Suffolk.
Local energy suppliers key to ramping up energy efficiency, argues sustainability boss July 7, 2022 The Government should promote the development of local energy suppliers to boost the efficiency of the country's energy network, argued SDCL.
Black cab drivers file legal challenge against ride-hailing app over claims business model is illegal July 7, 2022 A black cab drivers trade body has filed a legal challenge against ride-hailing app Free Now, over claims the taxi firm’s business model is illegal. The hackney carriage driver’s trade body, United Trade Action Group (UTAG), is seeking to argue that ride-hailing apps that lets customers hail private hire taxis are acting illegally. The body [...]
Govia Thameslink workers vote in favour of strike July 7, 2022 Around 2,000 members of the union RMT working at Govia Thameslink Railway (GTR) have voted in favour of walking out. GTR workers were originally balloted as part of the RMT’s national dispute against Network Rail and other 13 operators. But despite voting yes, GTR members did not reach the legal threshold to participate in the [...]
HSBC responsible investment chief quits over climate comments controversy July 7, 2022 The global head of responsible investing at HSBC Asset Management revealed he had resigned today after sparking a furore in May with a speech that played down the risk of climate change and slammed “shrill, partisan” climate warnings.
Gas prices surge as West races to top-up supplies ahead of looming winter months July 7, 2022 Gas prices have spiked amid continued concerns over supply shortages, as the West scrambles to secure energy supplies ahead of winter.
EU’s stamp of approval for digital laws risks putting the UK behind July 7, 2022 The European Parliament gave the Digital Services Act (DSA) and the Digital Markets Act (DMA) the final green light this week, setting out key obligations on Big Tech.
Which? reports Easyjet to CAA for mistreating passengers throughout travel chaos July 7, 2022 Consumer champion Which? has reported Easyjet to the Civil Aviation Authority (CAA) for allegedly mistreating passengers over the last weeks of travel chaos. Which? accused the low-cost airline of keeping travellers in the dark about their right to either be booked on another company’s flight or claim compensation. By directing stranded customers to the ‘Manage [...]
LIVE BLOG: Boris Johnson ‘should not remain in Downing Street’ says former PM Sir John Major July 7, 2022 Welcome to City A.M.’s rolling coverage of the ongoing Conservative coup against prime minister Boris Johnson. We’ll bring you all the latest news, resignations, appointments, analysis and opinion, as well as the impact of the crisis on the markets and economy. 2pm – Former PM Sir John Major says Boris Johnson “should not remain in [...]