Kellogg’s to battle government’s sugar restrictions in court April 27, 2022 Cerealmaker Kellogg’s is taking the government to court over new legislation that will prohibit some high sugar products being prominently displayed in stores. The food titan argued the government’s formula should factor in the nutritional value of milk, which it says is eaten with cereal in the vast majority of cases. From October, retailers will [...]
Covid: High Court rules government broke law by discharging hospital patients to care homes April 27, 2022 The government broke the law when they discharged thousands of hospital patients into care homes at the start of the Covid pandemic, the High Court has ruled. The High Court ruled the policy was “unlawful” as it did not take into account the risk to elderly and vulnerable residents from asymptomatic people spreading the virus. [...]
Credit Suisse posts another loss on swelling legal costs April 27, 2022 Millions in pounds in legal costs to deal with a string of scandals has plunged embattled lender Credit Suisse to another quarterly loss, it announced today. The Swiss bank, which has been engulfed by sudden board departures and huge losses from its involvement in the Greensill Capital debacle, spent CHF 703m (£578m) on hiring lawyers [...]
Letters: Small businesses still losing out April 27, 2022 [Re: CBI president: UK needs to tap into fintech’s ‘flotilla of benefits’, April 25] Lord Bilimoria and the CBI aren’t wrong. Businesses need all the support they can get against a backdrop of slow post-pandemic economic growth. The UK has one of the most advanced fintech ecosystems in the world and we’re proud to run [...]
Nadine Dorries set to publish White Paper on Channel 4 privatisation April 27, 2022 Nadine Dorries is reportedly set to release a new White Paper that will outline her plans to privatise Channel 4 in another major step toward selling the state-owned broadcaster. Sky News reports that the Department for Digital, Culture, Media and Sport (DCMS) is expected to release the plan this week. Dorries, the culture secretary, confirmed [...]
P&O restarts Channel sailings as calls for boss resignation pile up April 27, 2022 P&O restarted today its Channel routes amid safety concerns and government calls for boss Peter Hebblethwaite to resign. The Spirit of Britain vessel departed late last night carrying freight customers, as passenger services are expected to resume early next week. Initially detained by the coastguard on 13 April, the Spirit of Britain was cleared for [...]
KPMG to cash in on tech fundraising boom via stake in venture capital advisor April 27, 2022 KPMG is seeking to capitalise on the UK’s booming technology startup ecosystem by acquiring a 50 per cent stake in venture capital fundraising advisor Acceleris. The Big Four accountancy firm is hoping to cash in on the booming market for tech startup fundraising by teaming up with the tech-focused venture capital firm. The deal, which [...]
Zoom stock hits pre-pandemic level as pandemic glow vanishes April 27, 2022 Zoom’s share price has hit February 2020 levels in a sign that the pandemic may be truly over in the Western world. The tech stock jumped around 360 per cent over the course of 2020, and everyone across the world seemed to be glued to a software that was relatively unknown the year before. Fast [...]
Lloyds warns of looming defaults on cost of living shock April 27, 2022 The cost of living shock that is rippling throughout household finances is increasing the chances of borrowers defaulting on their debts, Britain’s biggest mortgage lender warned today. Worsening economic conditions triggered by inflation scaling to 30-year highs is likely to lead to greater financial distress among Brits, Lloyds Bank said today. The bleak assessment touches [...]
1 Minute Market Rundown – 27th April 2022 April 27, 2022 Risk Under PressureCrypto ConsolidatesUSD in DemandGoogle Disappoints To say things got ugly yesterday would be a bit of an understatement. Clearly, what goes lower, must go…lower. Stock indices closed the session sharply lower with the S&P taking out support at 4200. US stocks sank to the lowest levels seen in 6 weeks as hopes that [...]
