Stalling Starling revs up Engine in rebrand Fintech Veteran of the UK fintech industry Starling has overhauled its brand with a fresh colour palette, a new slogan and even a new name. The digital lender announced last week it would drop the word “Bank” from its banking arm’s name in a move analysts have described as a “significant” step in its evolution. The [...]
Former IoD boss banned as a director over Covid bounce back loan abuse Business A former boss of the Institute of Directors has been banned as a company director after being found to have breached Covid loan rules. Anna Daroy, who served as interim Chief Operating Officer and later as interim Director General of the Institute of Directors from October 2018 to November 2019, has been accused of obtaining [...]
Former Reform MP to shut down firm after allegations dismissed Politics A former Reform UK MP is shutting down one of the companies he was alleged to have not declared a financial interest in. James McMurdock, who now sits as the independent MP for South Basildon and East Thurrock in Essex, has applied to Companies House to have Gym Live Health & Fitness Limited struck off. The move [...]
Game over for Tomb Raider composer after Covid loan fraud conviction July 18, 2025 A video game composer and sound designer best know for his work on the Tomb Raider series has been jailed for fraudulently applying for a Covid loan. Peter Connelly, who is based in Durham, overstated his company’s turnover to obtain a second Bounce Back Loan of £37,500 in 2020 when businesses were only entitled to [...]
Rolex sponsored Wimbledon stars made to pay for own watches July 9, 2025 A Rolex sponsorship or ambassadorial contract is widely seen as a must-have endorsement by aspiring young tennis players, yet such deals can prove to be a mixed blessing. Such is the value and scarcity of the Swiss luxury watches that their endorsement department operates a strictly enforced tier system, with only their A-list clients such [...]
Reform MP James McMurdock removes party whip ‘from himself’ over Covid loans investigation July 5, 2025 Reform MP James McMurdock has suspended himself as chief whip following a Sunday Times investigation into his misuse of Covid-19 government loans. McMurdock, who has represented South Basildon and East Thurrock since last July’s general election, is alleged to have borrowed tens of thousands of pounds under the government’s Bounce Back loans scheme, according to a [...]
Parliament warns against extending Premiership Rugby Covid-19 loans April 2, 2025 A top parliamentary committee has insisted Premiership Rugby clubs who are “financially unviable five years post-pandemic” should not have their Covid-19 loans extended. The damning report from the Public Accounts Committee – an influential group of backbench MPs who probe state spending – singled out the process in which £124m of loans funded by the [...]
DCMS fear rugby future as £30m in taxpayer loans expected to be written off December 18, 2024 The government could be forced to write off nearly £30m of taxpayers’ money loaned to sports bodies, clubs and the arts during the Covid-19 pandemic. The figures, revealed today by the National Audit Office, provide a stark update on the £474m aid package provided by the Department of Culture, Media and Sport. Rugby union was [...]