City of London Police investigating 14 officers for misconduct charges January 18, 2023 The City of London police is investigating 14 of its officers for misconduct charges, although none are believe to be involved in any sexual offences, City A.M. can exclusively reveal. As the smallest territorial police force in England and Wales with just 958 officers, the number of cases accounts for a relatively high proportion of [...]
London still has hottest property prices in the UK, but house inflation in the capital is cooling January 18, 2023 London continues to have the highest house prices in the country, with the average UK house price increasing by more than 10 per cent in the year to November, according to new data released today. The latest figures from the Office for National Statistics (ONS) show that house prices went up across the nation by [...]
Currys’ share price up after ‘better-than-expected’ Christmas trading January 18, 2023 Currys’ share price has spiked more than seven per cent, after it told investors this morning its Christmas profits were better than expected. The technology retailer reported better than forecast profits over the Christmas period, with sales in the UK offsetting a slow down in Scandinavia. The company said UK trade rose in the 10 [...]
Burberry: China’s covid restrictions flatten sales as Europeans ramp up luxury item spend January 18, 2023 Heavy Covid restrictions in China weighed down sales for luxury British fashion giant Burberry in the third quarter of last year. In the 13 weeks to December, the UK firm reported £756m in retail revenue in its comparable store sales around the world, a one per cent increase on the previous year. Sales in China [...]
Diageo buys Don Papa Rum as drinks maker continues drive to re-stock drinks cabinet with premium brands January 17, 2023 Alcohol giant Diageo has swooped in for super-premium brand Don Papa Rum for £230m. The London-listed drinks company is putting up the cash with a possible £157m consideration through to 2028, subject to performance. The maker of Jack Walker whisky said the dark rum brand had annual growth of 18 per cent in Europe and [...]
House builder Crest Nicholson reports mixed fortunes with completions up but post-tax profits dented by uncertainty January 17, 2023 British housebuilding firm Crest Nicholson reported an uptick in revenue and completed homes last year despite continued disruption and pressure to supply chains. The firm’s revenue up until October 2022 was up 16 per cent to £913.6m, up from £786m in the pandemic-affected 2021 report. Home completions also increased by 13.6 per cent to 2,734, [...]
High time: Shares in AIM-listed medical cannabis firm Celadon get 10 per cent boost from regulatory go ahead January 16, 2023 Shares in an an AIM-listed firm Celadon have spiked after production of its high-THC product was approved by the regulator. Celadon, which focuses on the research, cultivation, manufacturing and sale of cannabis-based medicines, said production of its UK-made drugs had been registered by UK authorities today. The UK Medicines and Healthcare Products Regulatory Agency (UK [...]
David Carrick: Sunak and Khan concerned about trust in Met after serial-offender Pc admits 49 offences, 24 rapes January 16, 2023 The Prime Minister and Sadiq Khan have renewed concerns about trust in the Metropolitan Police after it was revealed that a serving Metropolitan Police officer admitted 49 offences, including 24 counts of rape. Rishi Sunak and the London Mayor’s comments come after the Met was forced to apologised to victims for Pc David Carrick, who [...]
Davos: Energy prices will remain above pre-Covid levels but they will be less volatile says Equinor boss January 16, 2023 The boss of one of one of the world’s largest energy companies has warned that high energy prices are here to stay. Anders Opedal, CEO of Equinor – which is bigger than BP, made his comments ahead of the Davos World Economic Forum conference in Switzerland. Opedal, who was speaking on BBC Radio 4’s Today [...]
Water company fined half-a-million pounds after raw sewage discharged into river for 23 HOURS straight killing 5,000 fish January 14, 2023 A water company has been fined more than half a million pounds after raw sewage was discharged into a river for 23 hours killing 5,000 fish, the Environment Agency said. Anglian Water pleaded guilty to a breach of permit and was ordered to pay a fine of £510,000, costs of £50,000 and a victim surcharge [...]
