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.
New York-based Apollo Global Management mulls buyout of Marks & Spencer November 22, 2021 Private equity giant Apollo Global Management is reportedly mulling a buyout of UK high street staple Marks & Spencer.
Government warned private parking plans can lead to ‘carmageddon’ of illegal parkers November 22, 2021 Government plans to cap private parking fines may results in car parks could be overrun by a “carmageddon” of illegal parkers, industry experts have warn this morning. The Government has been consulting on plans to reduce the cap on private parking fines from £100 to £50 across the UK after raising “concerns about the practices [...]
Metro Bank’s largest City shareholder sells stake after private equity buyer walks November 22, 2021 A leading institutional investor has cashed in its shares at Metro Bank after a US private equity buyer walked out on takeover talks.
Ministers warned that failing to solve £360m in pandemic rent arrears could lead to ‘mass homelessness’ November 22, 2021 Ministers are being warned this morning that a failure to tackle the £360m in rent arrears accrued during the pandemic could cost the Government over £2.6bn because of the danger of “mass homelessness.” The Big Issue said it costs the Government £9,266 for every person made homeless, whereas the price of preventing homelessness is £2,263. [...]
UBS: Ex-Morgan Stanley president Colm Kelleher to succeed Axel Weber as chair November 22, 2021 Colm Kelleher has been proposed as the next chair of UBS, the company confirmed this morning.
Exclusive: Europe copies US as first collateralised loan obligation is raised in £219m UK deal November 22, 2021 The first commercial real estate collateralised loan obligation in Europe’s history was completed on Friday in a deal worth £219m. Backed by a portfolio of nine commercial mortgage loans originated by Starz Mortgage Capital, the deal was concluded with international law firm Reed Smith acting as advisors. “We really could be seeing the birth of [...]
Caroline Nokes: They ‘trawled through’ my sex life after I said Boris Johnson’s father Stanley touched me inappropriately November 22, 2021 After accusing the Prime Minister’s father of inappropriately touching her, a senior female MP has revealed that journalists scoured through her past sex life to “find some sort of defence.” Caroline Nokes, the Conservative MP for Romsey and Southampton North and chairwoman of the Commons Women and Equalities Committee, accused Stanley Johnson of forcefully smacking [...]
UK financial watchdog calls in Bitcoin experts to combat crime November 22, 2021 The City regulator is calling in Bitcoin experts to train its staff following concerns that crypto is being used by money launderers and terrorists.
Travelodge to open four ‘budget chic’ hotels this month, including in London’s Elephant and Castle and Manor House November 22, 2021 Travelodge has announced four new hotels will be open in time for Christmas as bosses hope to cash in on families looking to travel during the festive season, with most of them to be offering ‘budget chic’ rooms. Two new sites have already opened in London, in Elephant and Castle and Manor House, with a [...]