British tech tycoon Mike Lynch facing extradition to US loses appeal bid April 21, 2023 A British technology tycoon facing extradition to the United States has lost an appeal bid. Two judges finished considering Mike Lynch’s challenge at a High Court hearing in London on Thursday. Lord Justice Lewis and Mr Justice Julian Knowles ruled against him on Friday. They had heard how then-home secretary, Priti Patel, approved Dr Lynch’s extradition to the US, [...]
Services sector reaches 13-month high but UK growth ‘lopsided’ as consumers raid the storecupboard April 21, 2023 Growth of Britain’s services sector has reached a year-high in April, a closely watched survey has revealed. Figures released this morning in S&P Global/CIPS flash UK purchasing managers’ index, show output rose to 53.9 in April from 52.2 in March. The survey showed that private sector growth had increased for the third consecutive month, beating [...]
Dominic Raab resigns from the government in wake of bullying report April 21, 2023 Dominic Raab has quit Rishi Sunak’s Cabinet following the conclusion of an inquiry into bullying allegations. He resigned after the PM received the report from senior lawyer Adam Tolley KC’s investigation on Thursday and had been considering the findings since. There was speculation as to when the Prime Minister would respond formally to the report, [...]
WH Smith: Resurgent global travel boosts airport giant’s profits – and it’s committed to the high street too April 20, 2023 WH Smith has benefited significantly from the return of global air travel with a big boost in profit on last year. The popular high street newsagent reported £45m in pre-tax profits, up from £18m last year, as millions came through airports where Smiths has many outlets. In the six months to February 2023, it announced [...]
WANdisco: FCA probes tech firm ‘mis-stating’ financial position – after $115m of false sales revealed April 20, 2023 WANdisco, the beleaguered tech firm, is now under investigation by the The Financial Conduct Authority into alleged fraud. It is looking to whether the data activation platform misrepresented its accounts, and comes after the chief executive and finance boss stepped down after an internal investigation found that $15m of revenues and $115m of sales last [...]
Covid loan fraud: More than 450 company directors disqualified in crackdown April 18, 2023 More than 450 company directors have been disqualified in a crackdown on covid fraud claims. The Insolvency Service announced that 459 of the 932 disqualifications overall for fraud were related to the coronavirus financial support scheme, introduced during the pandemic to help businesses in lockdown. This comes after the organisation published its monthly figures for [...]
Two Russian fighter jets and a spy plane intercepted by RAF after flying near Nato airspace April 18, 2023 Two Russian fighter jets and a spy plane flying close to Nato airspace have been intercepted by the RAF. Eurofighter typhoons from the RAF’s IX(B) squadron and the German Air Force’s 71 Richtofen Wing were scrambled to visually identify and intercept the jets as they flew over the Baltic Sea and Gulf of Finland. One [...]
THG: Beleaguered firm gets buyout proposal from Apollo as share price jumps 38 per cent April 17, 2023 THG’s shares surged by more than a third after the online retail platform said on Monday that it has received a preliminary buyout proposal from private equity firm Apollo Global Management APO.N, without disclosing terms of the proposal. Apollo must announce a firm intention to make an offer by May 15 or walk away, THG said in a statement. [...]
Barclays follows Citi, Goldman and Morgan Stanley in cutting 100 investment bank jobs despite rate hike profits April 17, 2023 Barclays will follow Citi, Goldman Sachs and Morgan Stanley in cutting more than 100 investment banking jobs, according to Sky News’ Mark Kleinman. The London-based bank is set to axe the jobs following the industry slowdown in deals and IPOs. The layoffs will be spread across multiple countries and across divisions in the bank, it was [...]
Twitter: Elon Musk launches new long-form platform allowing 10,000 characters April 14, 2023 Twitter has launched a new platform to support writers move from micro-blogging to longer-form pieces, with posts of 10,000 characters permitted. The Elon Musk-owned social media giant announced the launch of Twitter Write on Friday, offering “improvements to the writing and reading experience” for users. “Starting today, Twitter now supports Tweets up to 10,000 characters [...]
