THG boss Matt Moulding lashes out at media, investors and analysts in six minute video that includes quotes from Nelson Mandela April 18, 2023 THG’s chief executive Matt Moulding published a lengthy video on Instagram Tuesday night taking aim at the media, institutional investors, stockbrokers and analysts in the latest escalation of his war with the City’s financial services sector. Moulding’s video quotes extensively from the Wolf of Wall Street, whilst also seeming to compare THG’s expansion in the [...]
Almost £180m lost to impersonation scams as 45,000 cases reported April 18, 2023 Some £177.6 million was lost to impersonation scams last year, with more than 45,000 cases reported, according to a finance industry trade body. UK Finance, which leads the Take Five campaign, highlighting the dangers of fraud, said there were 45,367 cases of this type of fraud in 2022. The figures were released during Take Five [...]
Moneysupermarket sales lifted as Brits go deal hunting to protect finances April 18, 2023 A boom in consumers shopping around for better savings accounts has boosted sales for comparison site Moneysupermarket. The platform profited from people hunting down better deals throughout last year and saw revenues across its money division, which compares current and savings accounts, credit cards, and loans, jump by 37 per cent. The company said this was [...]
Putin visits Russian troops in Ukraine as G7 leaders vow to ‘intensify sanctions’ on Moscow at Japan meeting April 18, 2023 The Kremlin says Russian President Vladimir Putin has visited headquarters of the Russian troops fighting in Ukraine. A video released by the Kremlin early on Tuesday showed Mr Putin visiting the command post for Russian forces in the southern Kherson region. It showed Mr Putin receiving reports from the top military brass. He then moved [...]
Sir Martin Sorrell: S4 Capital boss made ‘excellent recovery’ after tumour April 17, 2023 Sir Martin Sorrell has revealed that he had keyhole surgery to remove a tumour in February and is underdoing further “preventative treatment”. The 78-year-old advertising mogul, who is currently executive chair at S4 Capital, said he has made an “excellent recovery” following the tumour operation. Sir Martin added in a statement that he is having [...]
THG: Beleaguered firm gets buyout proposal from Apollo as share price jumps 38 per cent April 17, 2023 THG’s shares surged by more than a third after the online retail platform said on Monday that it has received a preliminary buyout proposal from private equity firm Apollo Global Management APO.N, without disclosing terms of the proposal. Apollo must announce a firm intention to make an offer by May 15 or walk away, THG said in a statement. [...]
Grand National protests: More than 60 animal rights activists in custody April 17, 2023 More than 60 animal rights activists are in custody after a large number of protesters attempted to gain entry to the Aintree Racecourse track, delaying the start of the Grand National, Merseyside Police said. Officers arrested 118 people on Saturday after scores of activists climbed fences, with at least two fixing themselves to a jump [...]
Page Group: Recruitment specialists caution over trading condition as profits slump April 17, 2023 Recruiter Page Group has cautioned over ongoing tough trading across many of its key markets as first-quarter gross profits slumped by nearly 10 per cent in the UK. The group reported a 9.4 per cent drop in UK gross profits for the first three months of 2023, which comes after a 1.9 per cent decline [...]
Grand National: Woman arrested ‘over potential co-ordinated disruption’ April 15, 2023 A woman was arrested in connection with potential co-ordinated disruption at Aintree Racecourse as animal rights activists gathered outside the track before the Grand National Festival’s final day. A 33-year-old woman from the London area was arrested in the Greater Manchester area on Saturday morning on suspicion of conspiracy to cause public nuisance, Merseyside Police [...]
Federal Reserve green lights UBS-Credit Suisse deal in US April 15, 2023 The Federal Reserve's Board of Governors on Friday said it has approved UBS Group AG's acquisition of the U.S. subsidiaries of Credit Suisse, clearing another major hurdle for the completion of the Swiss-brokered rescue deal.
