Exclusive: Cynergy Bank’s new London property director is former head of Lloyds’ capital team March 28, 2022 The former head of Lloyds’ property team in the capital has been unveiled as the new London director of Cynergy Bank. Mitesh Hathi will head the bank’s expanded team of 19, with more than £1.1bn on its balance sheet. They will will focus on small and medium sized firms in the capitals’s £2m-20m bracket, in [...]
Sir Iain Duncan Smith: ‘Sub-crisis’ emerging as loan sharks capitalise on rising cost of living March 28, 2022 With more than 1m Brits in debt to predatory illegal lenders, a “sub-crisis” may emerge as soaring costs of living heap added pressure on those with fragile finances. Former Conservative leader and ex minister at the Department for Work and Pensions, Sir Iain Duncan Smith has been campaigning. But not for an election. The veteran [...]
US and EU sign historic deal to supply Europe with gas – in bid to move away from Russian fuel March 25, 2022 The US and EU have announced a historic deal to supply to supply with Europe with 15bn cubic metres of liquefied natural gas (LNG) by the end of the year. The deal was announced today during US President Joe Biden’s visit to Brussels, on a mission to wean the continent off reliance on Russian fuel. [...]
Watch the dramatic moment a Russian ship goes up in flames after a Ukrainian strike March 24, 2022 Dramatic footage has been shared on social media reportedly showing the moment a Russian landing ship burst into flames. Ukraine’s navy shared a short clip on Twitter showing the vessel after being hit by the Kyiv’s forces in the port city of Berdyansk. The ship, called the Orsk, was according to the Telegraph an Alligator-class [...]
Total value of Russian-linked assets frozen by the UK at £500bn March 24, 2022 The value of UK assets seized from individuals and organisations with links to Russia now stands at £500bn. Foreign Secretary Liz Truss made the announcement on Thursday, as 65 more targets for asset freezes were hit by the UK government. Among the key individuals and firms hit by the latest round of sanctions, are the [...]
Russian foreign minister’s stepdaughter who lives in £4m Kensington flat is sanctioned by UK March 24, 2022 Russia’s foreign minister’s stepdaughter, who lives in a £4m flat in Kensington, has been added to Britain’s sanctions list. The Instagram influencer and socialite Polina Kovaleva is the latest target of Britain’s campaign against Kremlin-linked individuals, as Russia’s war in Ukraine enters its second month. Kovaleva, 26, who was privately educated, has documented her lavish [...]
Senior US politician: Post-Brexit trade deal ‘desirable’, but not if it ‘jeopardises’ Good Friday Agreement March 24, 2022 One of the most powerful American politicians has dismissed any post-Brexit trade deal that risks peace in Northern Ireland. The chair of the ways and means committee, Congressman Richard Neal, said the United States “will not entertain” any proposal that undermines the Good Friday Agreement. Speaking to The Guardian, the 73-year-old Democrat who heads the [...]
Amazon ditches diesel with the UK launch of five new electric heavy delivery trucks March 24, 2022 Amazon has launched its first fleet of 37-tonne fully-electric heavy goods vehicles (HGVs), in a bid to ‘deliver’ on its 2040 net-zero target. Ditching diesel, the five new trucks are set to travel 100,000 miles a year powered by renewable electricity, meaning 170 tonnes of CO2 emissions are removed. The fleet will be charged at [...]
Plastic manufacturing firm Robinson is ‘seeking substantial price increases from all customers’ March 24, 2022 Plastic manufacturer Robinson is “seeking substantial price increases from all customers” due to soaring input costs. The Chesterfield-based company took in £46m in the last 12 months, up from £37m in 2020, but its operating profit fell 56 per cent to £1.2m, from £2.7m. The company, which made a loss before tax of just £100,000, [...]
Row erupts as new London arena dubbed ‘enormous glowing blight’ gets planning approval March 23, 2022 A row has erupted over a new music venue branded an “enormous glowing blight” which has now been granted planning permission. The MSG Sphere in Stratford at the site of the 2012 Olympics got approval from the London Legacy Development Corporation (LLDC) today, despite more than a thousand complaints from residents about the 21,000-seater arena. [...]
