Mikhail Fridman loses High Court bid over mansion upkeep October 26, 2023 Mikhail Fridman has lost a High Court challenge against UK sanctions after he was refused permission to upkeep a London mansion.
Dividends dry up in London — but can shareholders expect a bounce-back? October 26, 2023 The amount of cash pocketed by shareholders slumped over the summer as frothy one-off dividends dried up and mining giants reined in their payouts.
Businesses’ payroll bill to soar by £300m as London living wage increases October 23, 2023 Payroll costs in the capital are set to soar by over £300m as the London living wage increases by a tenth. Businesses signed up to the voluntary scheme will see their salary expenditure go up by £304,200,000 after the rate jumps from £11.95 an hour to £13.15 for 130,000 employees. Firms accredited include half the [...]
MI5 boss warns British businesses over Chinese spying risk October 18, 2023 British businesses need to be wary of the risk from Chinese spies, the boss of MI5 warned at an event in California.
Ex-Boris Johnson adviser switches sides to boost Labour business plans October 16, 2023 Former Tory adviser Iain Anderson has been recruited to work with Labour on securing closer relations with business.
Trump wants to give evidence in London court over ‘Steele dossier’ October 16, 2023 Donald Trump wants to give evidence in a London court to attempt to prove claims Russia supported his 2016 election campaign are false, the former US president’s lawyers said on Monday as he tried to continue his case against a British private investigations firm. Trump, front-runner for the 2024 Republican presidential nomination, is suing Orbis [...]
London’s landmark Tower Bridge undergoes overnight maintenance works October 12, 2023 Overnight work is being carried out to replace some giant components of London’s landmark Tower Bridge. Four two metre-long nose bolts have been removed and replaced for the first time in decades as part of a series of maintenance works taking place during overnight closures. The bolts lock in place the moving parts of the [...]
London councils warn of financial ‘knife edge’ as overspends grow October 12, 2023 The warning comes as councils across the country have said they are experiencing severe financial pressures, with seven councils issuing Section 114 notice
London firm Powerscourt set to be snapped up in £50m deal October 10, 2023 London public relations agency Powerscourt is reportedly teetering on the edge of a sale to a US advisory firm in a deal which could be worth tens of millions. Powerscourt, which reps big name clients such as fashion retailer All Saints and gambling giant Entain, is set to bought by the US-based stakeholder advisory firm [...]
Rachel Reeves to claim ‘party of business crown’ with Labour conference speech October 8, 2023 Labour are gunning for the ‘party of business’ crown as Rachel Reeves prepares to unveil a string of policies on planning, building and investment in a bid to woo the private sector. Speaking at Labour conference in Liverpool, the shadow Chancellor will pledge to speed up the race to get critical infrastructure built, drive growth, [...]