Chris Pincher: Ex whip facing suspension over ‘profoundly damaging’ groping claims July 6, 2023 Former Government whip Chris Pincher is facing a potentially by-election triggering eight-week suspension from the Commons after the standards watchdog upheld “profoundly damaging” groping allegations. The Standards Committee said his conduct was “completely inappropriate” and “represented an abuse of power”, in its report published on Thursday. Mr Pincher was found to have groped two people [...]
Threads: Five million join new Meta app in matter of hours July 6, 2023 A new app billed as a rival to Twitter has seen more than five million people sign up in its first few hours. Threads, created by Facebook and Instagram owners Meta, went live in the UK at midnight on Thursday. Linked to Instagram, it allows users to post up to 500 characters of text and [...]
The Notebook: Victoria Scholar on good news for inflation, the economics of Taylor Swift and the state of crypto July 6, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s Victoria Scholar from Interactive Investor Supermarkets sound a positive note on inflation Some good news on inflation at last – Sainsbury’s says food inflation is starting to fall. Its CEO Simon Roberts said the company is “putting all our energy [...]
Plans to close nearly all railway ticket offices in England condemned as job losses loom July 5, 2023 Plans for a mass closure of railway station ticket offices in England have been widely condemned. Industry body the Rail Delivery Group (RDG) unveiled proposals which could lead to nearly all offices being shut, with facilities only remaining open at the busiest stations. It comes after Transport Secretary Mark Harper wrote to train operators asking [...]
Just Stop Oil removed by Harrods security after attempting slow march in luxury London store July 5, 2023 Just Stop Oil (JSO) supporters have marched through luxury department store Harrods in the latest stunt in the group’s ongoing protest action. The activists were pictured holding placards on an escalator in the Knightsbridge shop, before security bundled a photographer out of the building, JSO said. A number of slow marches were held on Wednesday [...]
‘Irresponsible’ Ladbrokes ad with Jake Paul banned by regulator July 5, 2023 An “irresponsible” tweet by Ladbrokes has been banned for featuring Jake Paul, a YouTuber and professional boxer who is a favourite among teenagers. The ad on the bookmaker’s Twitter feed, seen in February, featured an image of Paul and a caption saying: “@TommyTNTFury beat @JakePaul by split decision last night. So, we’ve got to ask [...]
The Notebook: Grasp’s Richard Karlsson on M&A, AI and financial research July 4, 2023 Every day we hand the notebook keys to City movers and shakers. Today, it’s Richard Karlsson, CEO and Co-founder of Grasp, the Stockholm-headquartered startup behind the first AI assistant automating financial research Last week, Goldman Sachs lost its first-place M&A advisory ranking for the first time in five years. This provides a timely opportunity to [...]
Diageo set to triple alcohol-free Guinness 0.0 production as demand booms July 4, 2023 Guinness will almost triple production of its zero-alcohol brand in response to a growing consumer taste for non-alcoholic drinks. Owners Diageo has invested 25 million euro in a new facility at its St James’s Gate brewery in Dublin to meet a surge in demand for alcohol-free stout in the domestic and global markets. The new [...]
Facebook vs Twitter: Meta launches rival as Musk locks Tweetdeck July 4, 2023 Facebook owner Meta is launching a new app to rival Twitter this week. Threads, which will be linked to Instagram, is available for pre-order in the Apple App Store and will go live on Thursday. It is described as a “text-based conversation app… where communities come together”. The new app is the latest chapter in [...]
JD Sports to open 50 stores and spend £3bn in Middle East expansion July 3, 2023 JD Sports Fashion will open about 50 stores in the Middle East after agreeing its first ever franchise deal with Dubai-based GMG, as it kicks ahead with athleisure expansion plans. Britain’s biggest sportswear retailer said its entry into the region forms part of it strategy to expand into underpenetrated markets. The 10-year agreement will focus [...]
