PensionBee buzzes onto London’s top market as boss calls for rules reform April 21, 2022 The boss of fintech PensionBee has called for a swathe of reforms to London’s capital markets today in order to boost the growth of newly-listed tech firms, as the firm marks its shift onto London’s flagship market.
Elon Musk’s empire on a roll: Tesla reaps record profits as The Boring Company raises £515m April 21, 2022 Elon Musk’s empire seems to be on a roll, as Tesla wins the hearts of drivers looking to go green and his infrastructure business The Boring Company catches the eyes of investors. The Boring Company has raised $675m (£516m) in its latest funding round, Musk announced today, bringing the valuation to $5.7bn. The series C [...]
FCA seizes £2m from QPay over links to $150m US payment fraud case April 21, 2022 The UK's financial watchdog has seized millions of pounds from QPay believed to be the proceeds of illegal activity.
New wave of UK sanctions targets Russia’s war machine April 21, 2022 Vladimir Putin’s war leaders have become the latest target of UK sanctions. 26 individuals have been hit with restrictions in wake of Russia’s renewed assault on the eastern Ukrainian regions of Donetsk and Lushank. Among those targeted are Lt Colonel Azatbek Omurbekov, a Commanding Officer in the Russian Army with involvement in the ‘Bucha massacre’. [...]
Goldman Sachs cosies up to FTX at Caribbean meeting April 21, 2022 The chief executive of Goldman Sachs met the founder of crypto exchange FTX to discuss establishing links between the firms.
EG Group to create 22.7k UK jobs by 2026 as Issa brothers’ food service arm swells April 21, 2022 Petrol forecourt operator EG Group has said it will create some 22,700 jobs in the UK in the next four years. The billionaire Issa brothers’ company has said it will provide some 32,000 jobs across the world over the next few years, thanks to investment in its foodservice arm. Jobs will be created across EG’s [...]
UK lifts cap on court days for second year in a row to cut Crown Court backlog April 21, 2022 The UK government has lifted the cap on the number of days Crown Courts are allowed to sit for the second year in a row, as it struggles in its efforts to cut the Crown Court backlog. The Ministry of Justice (MoJ) said there will be no limit on the number of days judges are [...]
Call of Duty maker Activision Blizzard fights off shareholder lawsuit following alleged sexual harassment April 21, 2022 US judges have dismissed a lawsuit from Activision Blizzard shareholders alleging the Call of Duty maker had lied to them by minimising the impact of allegedly widespread sexual harassment and discrimination against female employees.
Shell in talks with Chinese state-backed firms as it looks to offload Russian energy stakes April 21, 2022 Shell has turned to China, as the energy giant looks to offload its chunky stake in a major Russian gas project.
Covid hotels cost taxpayer £400m as government looks to recoup costs on wasted PPE April 21, 2022 Covid hotels to house people coming into the UK during the pandemic cost £400m, and it is not clear if they were effective, according to a new report by a watchdog. The National Audit Office (NAO) released a study this week, claiming it was unknown whether they stopped new variants from entering the country and [...]
