Rapid rise of ‘advance fee’ loan scams: Cases rise by 90 per cent in just 12 months May 30, 2022 So-called ‘advance fee’ loan scams have soared by more than 90 per cent this year, according to new data shared with City A.M. this morning. The rising number of cases comes as Lloyds Bank warned that, on average, the amount stolen from victims is around £231. “Advance fee” loan scams take place when victims applying [...]
Motorists brace themselves for chaos as 19.5m trips planned for Jubilee weekend May 30, 2022 Motorists will need to brace themselves for a bumpy ride as 19.5m trips are planned for the Jubilee Bank Holiday weekend. According to data published today by RAC, Friday will be the most congested day due to a combination of people going for a day trip and families coming back from half-term holidays. The M25 [...]
US Inclusive Capital considers bid for Countryside despite past rejections May 30, 2022 US investment adviser Inclusive Capital Partners (In-Cap) has announced it was considering another bid for Countryside even though its previous offers were rejected by the construction firm’s board. In-Cap said Countryside’s board prevented shareholders from making a lucrative deals after a 295p per share cash offer made by the San Francisco firm was axed on [...]
P&O’s boss praised for ‘amazing job’ by Dubai owner despite sackings scandal May 30, 2022 DP World, the Dubai-based owner of disgraced ferry operator P&O, has praised chief executive Peter Hebblethwaite for doing an “amazing job” when he fired 800 seafarers in March. Chief executive Sultan Ahmed bin Sulayem said P&O’s management took the decision without interference from the parent company and that could not be reversed, despite attempts by [...]
Speedy Hire confident about future following strong final performance May 30, 2022 The board of construction company Speedy Hire has announced it was confident about future performance following a strong set of final results. In the year ended 31 March 2022, the group’s revenue went up 16.3 per cent to £381.7m, while its adjusted profit before tax soared to £30.1m, 72 per cent up on the previous [...]
Car dealership profits up by sevenfold following post-Covid surge in demand May 30, 2022 Profits at the UK car dealerships rose by more than a sevenfold in 2021 following a post-Covid surge in demand. According to data from accountancy group UHY Hacker Young, profits went up 627 per cent, from £105m in 2019/2020 to £764m a year later. Following the end of lockdown, new car sales went up as [...]
Tube workers suspend strike on Queen’s Jubilee following ‘significant progress’ in talks May 27, 2022 Members of the RMT union working at Euston and Green Park tube stations have called off the strike set for 3 June following “significant” progress in the talks with London Underground. The walkout was initially called two weeks ago after staff at the two stations cited a “toxic atmosphere in the workplace” created by a [...]
Dover chaos: Liverpool fans and families on half-term getaways stuck in security bottlenecks May 27, 2022 Liverpool fans going to Paris for the Champions League final as well as families on their half-term break are currently facing long queues at the port of Dover due to security delays. People took it to Twitter to express their frustration at the situation, with travellers complaining about being stuck in hour-long bottlenecks. “3 hours [...]
Jaguar Land Rover’s owner threatens move to Slovakia following row with UK ministers May 27, 2022 Jaguar Land Rover’s owner Tata Motors has threatened to move its electric vehicle (EV) production to Slovakia following a row with UK ministers. The car maker has been locked in talks with the government over funding for its planned gigafactory, which could be built near Bristol or Redcar. Government sources told the Telegraph that Tata [...]
Twitter shareholders sue Elon Musk over ‘illegal’ bid May 27, 2022 Twitter’s shareholders have sued serial entrepreneur Elon Musk over his “illegal” takeover bid. Investors said that Musk’s decision to put on hold his initial $44bn bid brought Twitter’s value down, allowing him to either walk away from the deal or negotiate a lower price. The billionaire initially announced his intention to buy Twitter in late [...]
