Purplebricks hires Pentland Brands director as new CFO October 27, 2022 Purplebricks has appointed Dominique Highfield as its chief financial officer, who joins from Pentland Brands.
Elon Musk’s $44bn Twitter takeover to close on Friday October 25, 2022 Elon Musk’s contested $44bn bid for Twitter could reportedly close as soon as Friday. Musk, currently the world’s richest man, is reported to have promised bankers on a video call that the deal would be wrapped up before the end of the week, Bloomberg reported, citing people familiar with the matter. Equity investors, including Sequoia [...]
Biden marks ‘groundbreaking milestone’ as UK gets first Hindu PM – but calls him ‘Rashid Sanook’ October 25, 2022 President Joe Biden marked the milestone of Britain getting its first Hindu prime minister, but appeared to pronounce his name wrong, as ‘Rashid Sanook’. The 79-year-old congratulated the new resident of Number 10, calling the feat “pretty astounding” during a reception celebration of the Hindu festival Diwali. During his address he called Sunak’s rise to [...]
Sinking fast: Jeremy Hunt to ditch Boris Johnson’s £250m Brexit Britain ship October 25, 2022 A £250m national flagship proposed by former prime minister Boris Johnson while in office will be cancelled by the new chancellor, Jeremy Hunt, according to various news reports. In an upcoming round of deep spending cuts, most likely to be announced next week, Hunt reportedly plans to drop the Ministry of Defence project. So far, [...]
MPs slam ‘short-sighted and incredibly damaging’ tax-free shopping u-turn October 24, 2022 Cross-party MPs have warned that a u-turn on tax-free shopping for overseas tourists is “short-sighted and incredibly damaging” as the tourism sector hopes to recover post-Covid. In a new report, the Digital, Culture, Media and Sport (DCMS) Committee said Chancellor Jeremy Hunt’s u-turn was hindering the sector. The committee said it felt the government was [...]
‘Jewel in the crown’: Elizabeth Line’s Bond Street station formally opens October 24, 2022 The Elizabeth Line’s long-awaited Bond Street station opening has taken place, dubbed the “jewel in the crown of the West End’s” transport link. Crossrail’s latest new station will relieve congestion in the heart of London’s shopping district, giving more access to Oxford Circus. Its opening takes place ahead of the 6 November launch of extensions [...]
We must move on: Blow for Boris Johnson as leading Brexiteer Lord Frost backs Rishi Sunak October 22, 2022 Leading Brexiteer David Frost has put his support behind Rishi Sunak for the Tory leadership, claiming that the country must “move on.” Frost said the party must back a “capable leader”, pointing to Rishi Sunak, who was expected to announce his bid on Saturday afternoon. Lord Frost was a big player in negotiating the UK’s [...]
Sunak set to make Tory leadership bid as Boris claims to have 100 MPs’ support October 22, 2022 Downing St leadership hopefuls are shoring up the support of MPs this weekend, ahead of a key Monday deadline, with Rishi Sunak passing to the next stage of the contest and Boris Johnson’s allies claiming he has also received enough support. Potential candidates have until next week to secure the backing of 100 MPs, before [...]
Rumour mill: Musk takeover spells mass job cuts for Twitter staff October 21, 2022 Elon Musk has told prospective investors that he plans to axe nearly 75 per cent of Twitter’s staff, as the billionaire continues to push forward with a takeover deal. According to reports from the Washington Post, although HR teams have reassured employees that mass layoffs were not coming any time soon, documents showed that plans [...]
Mayor seeks development partner for £107m Greenwich industrial project October 21, 2022 The Mayor of London is seeking to regenerate a part of Greenwich in a £107m project. Sadiq Khan is appealing for a development partner to work on the 3.38-acre site at 75 Bugsby’s Way, to turn it into a multi-storey industrial complex. The plan is part of his objections to intensify industrial projects in the [...]