Premier League clubs to discuss rule changes after City legal challenge October 22, 2024 Premier League clubs will meet today to discuss changes to the top flight’s financial rules in the wake of a legal challenge by Manchester City. Clubs will consider how to include shareholder loans within the league’s associated party transaction (APT) rules, after an arbitration panel said the rules breached competition law because they excluded such [...]
United Utilities accused of illegally dumping sewage into Windermere for years October 17, 2024 Water company United Utilities has been accused of failing to report more than 100 million litres of raw sewage that it illegally dumped into Windemere over a three-year period.
The Square Mile and Me: M Restaurants founder Martin Williams on backpack etiquette and mandatory two hour lunches October 17, 2024 Each week we ask a City figure to take a trip down memory lane. Today it’s Martin Williams, CEO of Groucho and founder of M Restaurants on the City staple’s 10th birthday What was your first job? I started working in hospitality when I was sixteen, as a dishwasher in a grotty hotel in North Yorkshire. I [...]
Microsoft chief executive to chair government’s industrial strategy council October 13, 2024 The chief executive of Microsoft UK will chair a new body to advise the government on its industrial strategy. Clare Barclay will head up the industrial strategy advisory council, which will act as an interim advisory body until legislation is passed to put it on a statutory footing. The first meeting and full membership is [...]
Google wants US judge’s app store ruling put on hold October 12, 2024 Google has asked a California federal judge to pause his sweeping court order requiring it to open up its app store Play to greater competition. In a court filing on Friday night, Google said U.S. District Judge James Donato’s injunction order, which goes into effect on 1 November, would harm the company and introduce “serious [...]
China flags more fiscal stimulus for economy, leaves out key details on size October 12, 2024 China pledged on Saturday to “significantly increase” debt to revive its sputtering economy, but left investors guessing on the overall size of the stimulus package, a vital detail to gauge the longevity of its recent stock market rally. Finance Minister Lan Foan told a press conference Beijing will help local governments tackle their debt problems, [...]
DP World to attend government investment summit despite call to boycott P&O October 12, 2024 DP World will attend the government’s international investment summit on Monday despite reports that a row over calls to boycott its subsidiary P&O Ferries had put a £1bn investment at risk. Dubai-based DP World was reported to have pulled out of the summit and put plans to announce a major investment in the UK under [...]
Boeing to lay off 10 per cent of employees as factory strike cripples production October 12, 2024 Boeing plans to lay off about 10 per cent of its workers in the coming months as it continues to lose money and tries to deal with a strike that is crippling production of the company’s best-selling airline planes. New chief executive Kelly Ortberg told staff in a memo on Friday that the job cuts [...]
Labour seeks to balance P&O criticism after Starmer slaps down call for boycott October 12, 2024 A Labour MP has sought to balance criticism of P&O Ferries after reports the Transport Secretary’s call for a boycott of the company could have jeopardised a £1bn investment in the UK. Keir Starmer has said Louise Haigh’s call for a boycott of the ferry firm was “not the view of the Government”. Liam Byrne [...]
UK may need £20bn tax hike to stop spending cuts, think tank says October 12, 2024 Britain’s new Labour government may need to increase taxes by £20bn in its first budget to avoid real-term cuts across public services, the Resolution Foundation said on Saturday. The think tank also said revising budget rules to use an alternative definition of public debt could allow finance minister Rachel Reeves to finance long-term investment while [...]
