High street bosses plead for crisis cash to help with dramatic energy bill hikes May 18, 2022 High street businesses have called for emergency help over skyrocketing energy bills, as bosses warn a cocktail of cost pressures threaten to subdue their pandemic recovery. Without government action, historic levels of inflation and dramatic energy bill rises pose a risk to the beauty sector’s recovery, the British Beauty Council has said. The industry group [...]
Fund manager faces 40 years in prison after using Allianz’ good name to defraud investors May 18, 2022 The star portfolio manager behind Allianz’ Structured Alpha funds faces decades in prison after he traded off Allianz’ good reputation to defraud investors of billions, US prosecutors have said. French-American citizen Gregoire Tournant earned $60m from his role as Chief Investment Officer at Allianz, as he lied to investors and misled them as to the [...]
Supermarkets cheapest place to go for petrol, says AA May 18, 2022 Motorists looking for minimise the pain of record petrol prices should top-up their tanks at supermarkets, reveals motoring group AA.
Google’s Russian bank account seized as Big Tech crack down continues May 18, 2022 Russian authorities have seized Google's Russian bank account, making it impossible for its Russian office to function, the tech giant revealed today.
UK travel and tourism sector to create 700,000 jobs within next decade May 18, 2022 The UK travel and tourism sector is expected to create 700,000 jobs within the next decade, according to a report published today. Forecasts from the World Travel and Tourism Council (WTTC) predict that 70,000 new industry jobs will be created in the country per year, up from the 16,000 created last year. WTTC figures predict [...]
After Grenfell: Government puts forward new rules as fire boss hits out at progress May 18, 2022 The Government has put forward new fire safety regulations, which will see building owners share the level of risk that the design and materials of outer walls have with emergency fire services. It is hoped to give fire brigades an opportunity to adopt the best strategy to tackle potential blazes. However, the Home Office has [...]
PMQs: Boris Johnson deflects on windfall tax as Starmer teases him on an ‘inevitable u-turn’ May 18, 2022 Boris Johnson has been accused of dithering on a windfall tax by Keir Starmer during Prime Minister’s Questions, as the leader of the opposition said he would do an ‘inevitable u-turn’ on the issue. The PM refused to be drawn on whether he supported the one-off tax, with Starmer highlighting Rishi Sunak’s comments to the [...]
Netflix lays off 150 staff amid subscriber dip May 18, 2022 Following a brutal set of results last month, Netflix has laid off around 150 staff.
Tory MP criticised for tweet about colleague’s arrest for rape which showed ‘callous disregard for the alleged victims’ May 18, 2022 A veteran Tory MP has been accused of showing “callous disregard” for victims of rape, after appearing to joke about the arrest of his colleague for it. Conservative MP for Lichfield Michael Fabricant caused uproar this morning over a message about the shock arrest yesterday of a Tory colleague on suspicion of rape. The party [...]
KPMG drops embattled property firm Adler as client following allegations of wrongdoing May 18, 2022 KPMG has dropped German property firm Adler as an audit client after refusing to sign off on its accounts last month. In a letter to investors, Adler chairman Stefan Kirsten said KPMG’s decision had come as a “great surprise” to the firm, as he said the firm is now searching for a new auditor. Kirsten [...]
