Fees paid to FTSE 100’s auditors hit record sums of more than £1bn December 20, 2022 The UK’s top 100 listed companies paid more than £1bn to their auditors for the first time in 2021/22, following a steady uptick in audit fees linked to a tougher stance from the UK’s accounting regulator. FTSE 100 companies paid a record £1.01bn to their auditors for both audit and non-audit services, in the year [...]
Tesla stock swings as Musk misbehaves December 20, 2022 Stock prices for Tesla have been unstable as CEO Elon Musk continues his streak of chaos on Twitter. Investors in Tesla have been critical of Musk’s new role in Twitter. His policies on the social media platform will backfire on the car brand, they claim. ““Customers don’t want their cars to be controversial. They want [...]
Russia attacks Ukraine’s oil and gas sites, confirms operator Naftogaz December 20, 2022 Russia attacked Ukrainian oil and gas facilities in eastern Ukraine overnight, confirmed Ukrainian energy giant Naftogaz.
Drug developer files patents for cancer treatment which ‘outperforms’ AstraZeneca offering December 20, 2022 Drug development company Nuformix has reformulated and improved one of AstraZeneca’s top cancer drugs, piquing investor interest today. Shares in the London-listed firm jumped nearly a quarter to 35p per share by early afternoon on Tuesday. Nuformix, which focuses on fibrosis and cancer drug repurposing, announced that the drug, known as Olaparib, had “outperformed” AstraZeneca’s [...]
Collapsed crypto exchange FTX looks to claw back Bankman-Fried’s political donations December 20, 2022 The collapsed crypto exchange FTX is looking to claw back the hefty political donations made by its founder Sam Bankman-Fried as its new management team tries to recover customers’ cash and repay a long list of creditors. In a statement today, the firm said it had been approached by a number of recipients of “contributions [...]
UK flights during festive period remain 14 per cent below pre-Covid levels December 20, 2022 UK flights during the festive period have remained significantly below pre-pandemic levels, according to research. Data published today by aviation analytics firm Cirium showed that 30,979 departures have been scheduled from UK airports between 21 December and 4 January. This is 14 per cent below the 36,138 reported in 2019. UK flights are nevertheless 33 [...]
Aerospace firm Velocity’s shares take off as it enters US market with $100m deal December 20, 2022 UK aerospace manufacturer Velocity has grabbed the attention of investors, after announcing its entry into the US market via a $100m (£82.2m) deal. Shares in the London-listed firm rocketed more than 70 per cent to 46p per share by early afternoon on Tuesday. The five-year deal with GKN Aerospace is expected to bring in $100m [...]
Just Eat gets standard stock listing December 20, 2022 Food delivery app Just Eat switched to a standard listing on the London Stock Exchange. Previously, it held a ‘premium listing’. A premium listing comes with additional caveats and with the standard listing, trade for Just Eat stocks is easier. Along with its listing on LSE, it remains listed Euronext Amsterdam. The company holds 45 [...]
Relief for mortgage prisoners: Six banks to begin lending on flats with unsafe cladding December 20, 2022 A handful of the country’s biggest banks will consider mortgage applications for some flats with dangerous cladding from January, in a sigh of relief for people trapped in unsellable properties. Lenders withdrew mortgage provisions for unsafe flats following the Grenfell Tower disaster, when 72 people were killed in a fire at a high-rise block in [...]
Sadiq Khan to run for third term as London mayor in 2024 election December 20, 2022 Sadiq Khan will seek a third term as London mayor, after being selected as Labour’s candidate for the 2024 election. Khan, who would be the first London mayor to win three elections if victorious in 2024, said it would be a “very tough election” and that “there’s still so much more to do.” There have [...]
