Proposals to move migrants and asylum seekers from hotels to Army barracks November 22, 2021 A task force will reportedly consider strategies including housing asylum seekers in Army barracks rather than hotels as the Government faces criticism over the migrant crisis. The Times on Sunday reported Boris Johnson had drafted in Chancellor of the Duchy of Lancaster Steve Barclay to oversee the issue of the rising number of migrants arriving [...]
City rumour mill grinds around possible mega private equity offer for Marks & Spencer November 22, 2021 As shoppers prepare for a black Friday spree, the bargain hunt for good value UK companies continues for private equity firms. The rumour mills are now grinding around a possible bid by Apollo Global Management for UK high street staple Marks & Spencer, sending shares 3 per cent higher in early trade. The New York-based private equity giant [...]
Another strike: Londoners face severe tube disruption on 26-28 November, 3-5, 10-12, 17-18 December November 22, 2021 Transport for London (TfL) is hitting back at the strike action planned by the National Union of Rail, Maritime and Transport Workers (RMT), warning that commuters could face severe disruptions because of the “unnecessary strikes”. If going ahead, the strikes – which will disrupt services on two days and eight nights between 26 November and [...]
Ericsson snaps up cloud-based group Vonage for record £4.6bn November 22, 2021 Ericsson has paid $6.2bn in cash for cloud-based services group Vonage in its biggest acquisition yet.
Analysts: BHP merger with Woodside will boost firm’s energy transition plans November 22, 2021 BHP's merger with Woodside is a positive move that helps the group transition away from the oil and gas industry, argues Hargreaves Lansdown.
India’s Reliance hits pause on $15bn Aramco deal, pushing shares down November 22, 2021 India’s largest firm, Reliance Industries, has hit pause on selling a stake of its oils business to Saudi Arabia’s industry titan Aramco – pushing shares down. Reliance had started to process to sell off the 20 per cent stake around two years ago, in a bid to slash mounting debt, for some $15bn. However, over [...]
Boris Johnson ‘prophesises’ mass return of office working at CBI conference November 22, 2021 Boris Johnson has “prophesised” a mass return of workers to city centres and office blocks, saying that there are “sound evolutionary reasons why mother nature does not like working from home”. Johnson said – in a bizarre speech that referenced Pippa Pig World and saw the Prime Minister lose his place for 20 seconds – [...]
WhatsApp forced to revise privacy policy for Europe after record £190m fine November 22, 2021 Whatsapp will change its privacy policy in Europe following a giant fine by the Irish data protection watchdog earlier this year, according to reports.
LV= slaps down paltry Bain deal payday speculation November 22, 2021 Insurer LV= has slapped down reports of paltry pay outs to members from the proposed tie up with US private equity giant Bain. The City insurer, founded in 1843, has characterised reports that members will receive £100 from the deal with Bain as a wholly “misleading comparison”. Instead, with-profit members will receive the majority of [...]
El Salvador to build Bitcoin city at base of volcano November 22, 2021 The first country in the world to make bitcoin legal tender is planning to build a crypto fuelled city at the base of a volcano.