Sadiq Khan refuses to ditch ULEZ expansion plan at London budget meeting February 23, 2023 Sadiq Khan has refused to ditch the expansion of the Ultra Low Emission Zone (ULEZ) today following a marathon five-hour meeting to agree London’s £19bn budget. London assembly members met today to agree the mayor’s plans for running the capital’s finances over the next year – including cash for the Met Police, TfL and firefighters. [...]
Boris Johnson urges government to send jets to Ukraine ahead of invasion anniversary February 23, 2023 Boris Johnson has urged the UK government to send jets to Ukraine ahead of the one-year anniversary of the invasion by Russia. Speaking in an interview with Sky News, the ex-Prime Minister called on the UK to “break the ice” and become the first nation to supply Volodymyr Zelensky with his “wings for freedom”. On [...]
Government’s £1.1bn push to digitalise courts has only made the problem worse, new report warns February 23, 2023 A UK government push to digitalize the country’s court systems instead placed an added burden on Britain’s courts, a new National Audit Office (NAO) report warns. The combined HMCTS and CPS push to “reduce inefficiencies across the criminal justice system” through deployment of the ‘Common Platform’ in fact added to the burden already faced by [...]
Embattled Love Hemp dragged out of weeds by ‘special purpose’ CBD investor for undisclosed sum February 23, 2023 Embattled CBD brand Love Hemp has been rescued from collapse, weeks after the cannabis firm was forced to draft in administrators amid plummeting sales. The group, which has been promoted by boxer Anthony Joshua, was acquired for an undisclosed price by Portillion SPV1 Limited. The group has been recently founded by Kamran Sattar, the chief [...]
Rishi Sunak’s ethics adviser ‘would expect approval to investigate ministers’ February 23, 2023 Rishi Sunak’s ethics adviser has said would expect to be given the go-ahead to investigate a minister if he believed there had been a breach of the rules. Sir Laurie Magnus told MPs that while he required the prime minister’s permission to mount an inquiry into alleged violations of the Ministerial Code, he believed it would only be [...]
FTSE 100 close: London index slides into red despite Rolls-Royce scaling more than 20 per cent February 23, 2023 London’s FTSE 100 fell further away from the 8,000 point mark again today despite investors pouring into aerospace giant Rolls-Royce. The premier index shed 0.29 per cent to close at 7,907.71 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.59 per cent to [...]
GFG tycoon Sanjeev Gupta vows to fight UK steelmaker’s bankruptcy and save hundreds of jobs February 23, 2023 Sanjeev Gupta’s GFG Alliance has vowed to “fight” a New York investment fund’s bid to plunge one of its major customers into bankruptcy after fully acquiring the firm earlier this month. GFG is seeking to block West Midlands steel products maker Aartee Bright Bar from collapsing into insolvency after the manufacturer’s main creditor, FGI, decided [...]
Governance won’t make a Big Bang but it can ensure the City’s competitiveness February 23, 2023 In this guest opinion piece, James Ashton, the chief executive of the Quoted Companies Alliance argues that governance improvements in the City – not least more use of the QCA Code – could be transformative for the Square Mile’s competitiveness WITH all the talk that another Big Bang is needed to revive the City’s global [...]
Planet Crypto: Gary Gensler and Hester Pierce in couples therapy February 23, 2023 Planet Crypto dream up the scene of Gary Gensler and Hester Pierce as a married couple with a very special baby.
Hays CEO steps aside as recruitment firm’s half year profits fall amid fears of tougher labour market February 23, 2023 London-listed recruitment firm Hays is on the hunt for a new chief executive, as the firm sees net fees rise 15 per cent but profits fall during the last half of 2022. Alistair Cox, said he was stepping down after 15 years at the helm, however he will remain to steer the company until a [...]
