Have you seen him? City boss gets 14 years over £70m Ponzi scheme – but is on the run June 9, 2023 A City boss compared to the The Wolf Of Wall Street has been sentenced to 14 years’ imprisonment in his absence over a £70 million Ponzi-style investment scam. Anthony Constantinou, 41, went on the run during his seven-week Southwark Crown Court trial and is thought to be in Turkey or Dubai after being stopped in [...]
London workers are £50,000 worse since 2010 due to wage stagnation, Sadiq Khan report claims June 9, 2023 Workers in London are £50,000 worse off since 2010 due to “scandalous” poor wage growth over the past decade, according to a new report. An analysis from London Mayor Sadiq Khan suggested that workers in the capital have lost thousands of pounds every year as their salaries have failed to keep pace with inflation. In [...]
Shoe Zone: Shares up almost eight per cent after better-than-expected sales June 9, 2023 High street retailer Shoe Zone has revealed that spring sales surpassed expectations after strong trade in recent weeks. Shares in the company took a step in the right direction as a result, rising by more than 7% on Friday morning. The discount shoe brand said sales since its previous update on May 16 have “exceeded [...]
BAE wins £270m contract for Royal Navy radars creating hundreds of jobs June 9, 2023 Defence giant BAE Systems has been awarded a 10-year contract worth £270 million to support the Royal Navy’s three main radar systems, securing hundreds of jobs. Every major Royal Navy ship from the Queen Elizabeth Class aircraft carriers to the Type 45 destroyers features at least one of the systems, which are designed and built [...]
Halfords investors looking for progress after profit warning earlier in the year June 9, 2023 Investors in Halfords will be hoping the retailer has made progress in repairing holes in its workforce as it is set to unveil its full-year financial results. The bike and car parts seller warned over its profits earlier in the year amid a shortage of mechanics. The firm, which also services cars and bikes and [...]
Three injured as drone crashesd into Russian building – while Ukraine recovers from flood damage from dam destruction June 9, 2023 Three people have been injured after a drone crashed into a residential building in a city in south-western Russia near the border with Ukraine, the regional governor said. The latest drone attack to target Russian cities in recent weeks comes as Ukraine has been intensifying its efforts to expel Russian forces from a vast swathe [...]
Odey: Hedge fund in ‘active discussions’ with brokers amid misconduct allegations June 9, 2023 Odey Asset Management has revealed it is in “active discussions” with its broker partners, after fresh misconduct allegations published against its founder led banks to review their relationship with the fund. It followed a report in the Financial Times (FT) – together with Tortoise Media – which included several allegations of sexual harassment or misconduct [...]
‘Economic stability must come first’: Labour’s Reeves backtracks on £28bn green prosperity plan June 9, 2023 Labour has backtracked on its £28 billion green prosperity plan, saying “economic stability” must come first if it wins the next election. Shadow chancellor Rachel Reeves said the Opposition could not commit to spending figures until the financial situation it would inherit becomes clearer. The party had promised in 2021 to invest £28 billion a [...]
Sunak urged to stop Johnson handing a ‘carousel of cronies’ honours June 9, 2023 Labour has renewed calls for Rishi Sunak to stop Boris Johnson handing honours to a “carousel of cronies” amid speculation the list could be published imminently. Shadow immigration minister Stephen Kinnock said the Prime Minister had “caved in” to appease warring factions within the Conservative Party by reportedly accepting his predecessor’s recommendations. The list, which [...]
Move aside Marbella, Ibiza and Tenerife, the UK is set to bask in 28C as weather alert upgraded June 9, 2023 The UK Health Security Agency (UKHSA) has upgraded an alert for hot weather in five regions of the country as warnings have also been issued for thunderstorms over the weekend. Parts of the country are predicted to be hotter than Marbella, Ibiza and Tenerife in the coming days as a “plume of warm air” moves [...]
