Lookers: UK car dealership firm agrees to £465.4m buyout by Canada’s Alpha Auto June 20, 2023 British car dealership giant Lookers has agreed to be bought out by Canada’s Alpha Auto Group (AAG) after it launched a £465.4m acquisition, continuing a string of corporate deals in the sector. Global Auto Holdings Limited – the bidding vehicle for the takeover – announced the acquisition this morning, with the bid worth 120p per [...]
Mel Stride urges Johnson and cabinet to ‘row together’ and end hostilities after vote June 20, 2023 Work and Pensions Secretary Mel Stride expressed hope that Boris Johnson and the Cabinet can now “row together” and end the hostilities. Mr Stride told Times Radio he backed the Privileges Committee’s findings that the former prime minister lied to MPs but said he felt “quite uneasy” with the 90-day suspension recommended so decided to [...]
Revolution Beauty to ‘potentially’ take legal action against former CEO over delayed audit report June 20, 2023 Revolution Beauty will potentially take legal action against the company’s founder and former chief, Adam Minto, over claims he breached fiduciary and statutory duties while at the helm. In a letter to investors, the makeup brand said it believes Minto’s alleged wrongdoings led to delay in audit of the full year results in 2022 group’s [...]
Race against time as British billionaire and his son among five onboard lost Titanic shipwreck voyage June 20, 2023 Rescue teams are continuing the search for a submersible tourist vessel which went missing during a voyage to the Titanic shipwreck with a British billionaire and his son among the five people aboard. Hamish Harding is chairman of private plane firm Action Aviation, which said he is one of the mission specialists on the five-person [...]
Labour owes the City more detail on its plans for business June 20, 2023 Well, that’s clear as mud, then. Labour’s big policy pronouncement yesterday confirmed that the party would stick by its pledge not to allow any further North Sea oil and gas development in the UK – but it wouldn’t change any decisions made by the Tories. With a straight face, the party said the triangulation was [...]
Kiklo Spaces: The storage facility where cars are displayed as art June 20, 2023 Kiklo Spaces is home to some of the world's most exotic cars, including an Aston Martin Valkyrie and several McLaren F1s. We take a tour.
Starmer fails to appease North Sea industry amid fears of investment cliff edge June 20, 2023 Keir Starmer's decision to honour oil and gas permits issued under the Conservative government failed to win over the North Sea industry
Sadiq Khan to address ‘cost of doing business’ crisis at summit with Uber and Natwest June 20, 2023 Sadiq Khan is set to address the “cost of doing business crisis” at a crunch summit with firms including Uber, Natwest and KPMG. The mayor of London will welcome more than 200 CEOs to his annual City Hall business reception at the Crystal in east London today. He is expected to tell firms the “cost-of-doing-business [...]
We need to talk more about lithium – UK risks supply shortfall to feed its electric car ambitions June 20, 2023 Lithium-ion batteries are the most widely used technology as of today, making lithium gold dust in the EV race.
Gove warns against prioritising quantity over quality of new homes June 20, 2023 Michael Gove has warned against a “dash for quantity” as he faces calls to accelerate housebuilding in the UK and enable more first-time buyers to get on the property ladder. Backing a new tool by Policy Exchange to instil confidence in the planning process, the housing secretary said: “If we think of housing purely in [...]
