Ex-Brexit chief David Davis boasts he forced previous PM out: “I knew my resignation would be the end for May” May 26, 2022 Former Brexit secretary David David claimed when he resigned from the cabinet in July 2018, “I knew that it would be the end” for Theresa May as PM. The veteran politician and Brexiteer hit out at the former leader, while also taking a swipe at the current resident of Number 10, reiterating his call for [...]
Average mortgage repayments approaching 33 per cent of monthly income akin to 2008 financial crash levels May 25, 2022 Homeowners are spending more to live in their house than at any point in the last 15 years, with mortgage repayments equalling almost 33 per cent of monthly income. The cost of living crisis and increase in interest rates has put renewed pressure on property-owners, with house prices soaring and the cost of repayments nearing [...]
Private equity firm Polaris divests from SSG Group to BELFOR May 25, 2022 Private equity investor Polaris has divested its majority shareholding in the SSG Group to BELFOR. The Nordic company will put its resources in BELFOR, which has more than 11,000 employees, and works on damage assessment and reconstruction. Polaris worked with SSG to strengthen its position through acquisitions in Denmark and Sweden, with Rune Lillie Gornitzka, [...]
City of London’s annual Beerfest returns in aid of five good causes May 24, 2022 The City’s annual Beerfest returns to historic Guildhall yard, with visitors able to sample 30 different ales in support of five good causes . British beer-makers will be on show at the 7 July event alongside low alcohol and vegan products, as-well-as having food and live music on offer. The eighth event held by the [...]
Square Mile to celebrate Queen’s platinum jubilee with Commonwealth Games baton relay May 24, 2022 The Square Mile will celebrate the Queen’s platinum jubilee this weekend with a baton relay ahead of the Commonwealth Games. Her Majesty will be honoured during an afternoon of sport-themed activities hosted at Paternoster Square, next to St Paul’s Cathedral, on 4 June. The event, beginning at midday, marks the closing stages of the baton’s [...]
KPMG fined £3.4m over Rolls Royce audit failings May 24, 2022 Big four firm KPMG has been fined £3.4m over its audit of Rolls Royce. The company was slapped with the penalty by the financial regulator over its failings to address problems at the company in a 2010 audit. This is the fourth fine imposed on KPMG in 2022 according to the FT. The Financial Reporting [...]
Partygate: Sadiq Khan urges Met to provide ‘urgent clarity’ on picture showing Downing Street lockdown drink May 24, 2022 Sadiq Khan has called on the Met Police to provide “clarity”, as to why Boris Johnson was not fined for a November 2020 Downing Street gathering revealed in a leaked picture yesterday. The Mayor of London made his comments after ITV News published an image of the prime minister raising a glass during a gathering, [...]
Conference firm Hyve has £11.5m pre-tax loss as exit from Russia and insurance proceeds dent recovery May 24, 2022 Conference-organising firm Hyve had a pre-tax loss off £11.5m due to the impact of the ongoing war in Russia and declining insurance proceeds. The exhibition company brought in £58.6m in six months to the end of March this year, more than ten times the previous 12 month’s intake. It did however complete its exit from [...]
Top Russian diplomat at the UN resigns: ‘Never have I been so ashamed of my country’ May 23, 2022 Russia’s Counsellor to the United Nations mission in Geneva has resigned saying “never have I been so ashamed of my country” because of the war in Ukraine. In a strongly-worded letter, Boris Bondarev quit his job saying it was “long overdue”, but after a 20-year career he was leaving the diplomatic service. He wrote he’d [...]
Post Office and British Gas team up to offer free debt advice to those struggling with bills May 23, 2022 The Post Office has teamed up with British Gas to offer direct help to those struggling to pay energy bills amid the cost of living crisis. ‘Stop the Silence Pop-Ups’ will appear during the next three weeks across UK cities, giving people worried about their debts free practical and financial advice. Starting on Monday, the [...]