Bike theft now ‘decriminalised’ as Met fail to solve nine out of ten cases June 7, 2023 More than nine in ten bike thefts reported to the Met Police went unsolved in 2022, according to Home Office statistics. Some 93.7 per cent of reported thefts went unsolved in the capital last year, higher than the national average of 89 per cent. The Lib Dems, who crunched the numbers, said the figures suggested [...]
777 Partners’ new aviation asset arm raises $230m to finance Boeing 737 deliveries June 7, 2023 AIP Capital, the aviation asset management arm of Miami-based 777 partners, has raised $230m (£184.5m) from investors to finance the delivery of 7 Boeing 737 Max aircrafts, amid ongoing financial difficulties and backlogs in the sector. The newly-launched private equity group, which operates in Dublin, London and the US, said that Citibank arranged the acquisition [...]
Asos suppliers cut ties amid struggling share price and profits June 7, 2023 Asos suppliers have reportedly begun to cut ties with the struggling fashion website following a move by credit insurers to pull cover amid falling profits, in a fresh knock of confidence for the brand. Leading creditors at Allianz Trade, formerly Euler Hermes, withdrew cover for suppliers last month, according to The Times, due to a [...]
JP Morgan leads rivals on AI recruitment as UK banks struggle to attract talent June 7, 2023 JP Morgan is leading the field in AI recruitment as banks around the world race to capitalise on the opportunities created by the new technology. According to a new report from consultancy Evident, JP Morgan is hiring twice as many AI-related jobs as its rivals. The Wall Street giant advertised 3,651 jobs in AI between [...]
Oil, gas and LNG drives Trafigura to record £4.4bn half-year profits June 7, 2023 Trafigura posted a record net profit of £4.4bn ($5.5bn) in the first half of its 2023 financial year that ended in March.
Barbarians at the gate? Private equity bonanza fails to materialise June 7, 2023 A flurry of predicted private equity deals failed to rear its head last month as sticky inflation and more interest rate pain forced dealmakers to reconsider an offensive, according to a London investment bank.
Heathrow: Strike chaos to hit almost every weekend through summer holidays June 7, 2023 Heathrow Airport will be hit by 31 days of strike action this summer, beginning 24 June, as 2,000 security officers walk-out in a dispute over pay. Nearly every weekend between June-August will be hit by the strikes, which will see more than 2,000 security staff walk out. The strikes will take place on 24-25 and [...]
Zumo turns on Oxygen as an answer to crypto’s ESG questions June 7, 2023 Digital assets platform Zumo has launched a new product aimed at answering the growing calls to decarbonise crypto.
Bitcoin and Ethereum claw back losses in wake of SEC action over Binance and Coinbase June 7, 2023 Bitcoin has clawed its way back to start the day at just under $27k - up more than 4% over 24 hours, with Ethereum up 3%.
Long-time Diageo boss Sir Ivan Menezes dies aged 63 June 7, 2023 Sir Ivan Menezes, the long serving chief of drinks giant Diageo, has died aged 63, following a short illness. The Indian-born business leader passed away days after he was rushed into hospital for emergency surgery, for medical issues including a stomach ulcer. Menezes joined Diageo at its creation in 1997 and held many senior positions [...]
