Oil firms dish out dividends as energy crisis sends profits soaring November 16, 2022 Oil firms have been dishing out bumper sums to shareholders as a crisis in the energy sector drives profits to record levels, according to research released today.
Questions hang over ombudsman’s role in the buy-now pay-later sector November 15, 2022 Lofty fees at the Financial Ombudsman Service may make it an unworkable solution for buy-now pay-later disputes, firms have warned.
Rishi Sunak: City should show ‘restraint’ on pay – but no u-turn on banker bonuses November 15, 2022 Rishi Sunak said Britain’s top business bosses needed to show ‘restraint’ on pay this year amid inflation concerns. “In a situation like this, I’m sure executives of most companies will be thinking about pay settlements for senior management, for their workers, and making sure they are fair,” the Prime Minister told broadcasters whilst in Bali [...]
Autumn Statement: Another windfall tax raid would further damage Britain’s reputation November 15, 2022 We are now less than 48 hours from the Autumn Statement, and knowing quite what medicine Jeremy Hunt feels it necessary for Brits to choke down to fix the so-called ‘black hole’ in the finances. One hopes the rumours of higher council tax, a reversed bank surcharge reduction and a variety of other pocket-pinching measures [...]
Russian missiles kill two people in Poland – reports November 15, 2022 Russian missiles are feared to have crossed into NATO member Poland, killing two people on Tuesday night, after reports from a senior US intelligence official. Missiles reportedly hit a farm in Przewodów, Lublin, a village near the border with Ukraine, according to Polish media. It was also reported that the missile was “most likely the [...]
Thomas Cook hits back after rumours over Chinese owner selling its stake November 15, 2022 Thomas Cook has pushed back against reports that its Chinese owner Fosun Tourism Group was looking to sell its stake in the company. “Fosun Tourism Group has no plans to sell Thomas Cook,” a Thomas Cook spokesperson told City A.M. Sources today told Sky News’ Mark Kleinman that the Chinese powerhouse was contemplating either raising [...]
Awful day for Ocado drags FTSE 100 into the red November 15, 2022 London’s FTSE 100 today was dragged down by investors souring on middle-class favourite and online supermarket Ocado. The capital’s premier index fell 0.21 per cent to 7,369.44 points, while the domestically-focused mid-cap FTSE 250 index dropped 0.85 per cent to 19,455.88 points. Ocado’s shares plummeted to the bottom of the FTSE 100 today, taking the [...]
HMRC sues EY following dispute over property tycoon’s tax affairs November 15, 2022 HMRC has filed a High Court lawsuit against EY over alleged misrepresentations to the UK tax authority in relation to British property investor Jamie Ritblat’s tax affairs. The case relates to a broader dispute between HMRC and the Tory donor over taxes on £141m in profits from Ritblat’s Delancey property investment firm, the Financial Times [...]
Lightly-raced Atullibigeal offers Hall stable a path back to form November 15, 2022 BANK on David Hall’s lightly-raced speedster ATULLIBIGEAL to get his head in front for the first-time in Hong Kong, when he lines up in the Kyoto Handicap (1.45pm) over six furlongs. This Australian-bred gelding, and twice winner in New Zealand, has only raced a handful of times since his arrival in Hong Kong just over a year [...]
Russia launches ‘massive raid’ on Ukraine with 100 missiles hitting cities and cutting off power November 15, 2022 Ukraine has come under a renewed wave of missile attacks from Russia with at least 100 hitting the capital Kyiv after its president addressed the G20. Kyiv, Lviv and Rivne were among western cities targeted by the Kremlin today, in addition to multiple cities in the east and south. Parts of the west were impacted [...]
