PM’s anti-corruption tsar John Penrose resigns and calls for Johnson to quit June 6, 2022 Boris Johnson’s anti-corruption tsar has quit his post and has called for the Prime Minister to step down over his handling of partygate. Conservative MP John Penrose said Johnson broke the ministerial code over the Downing Street Covid parties scandal and that he will be voting against the PM in the no confidence vote this [...]
Boris Johnson: What is a Tory no confidence vote, how does it work and why is it happening? June 6, 2022 Boris Johnson will face a vote of no confidence in his leadership of the Conservative party at 6pm today, after 54 or more MPs declared they no longer had confidence in the Prime Minister. City A.M. takes a look at what the vote is, why it was triggered and what might happen next. What is [...]
Bitcoin price rises ahead of key inflation data June 6, 2022 The price of Bitcoin is currently $31,247 - an increase of around five per cent over the past 24 hours and two per cent since last week.
Soaring oil and gas prices power Jadestone Energy’s revival June 6, 2022 Jadestone Energy has enjoyed a massive boost in revenues this year following a boom in commodity prices and fossil fuel trading.
Wizz Air enjoys pandemic rebound as summer travel begins June 6, 2022 The revival of international travel following sustained pandemic disruption continues, with Wizz Air reporting a big boost in numbers.
Rutherford Health collapses as managers admit to ‘unsustainable cash burn’ June 6, 2022 Rutherford Health has collapsed today, as the board look to wind-up the £23m company and appoint a liquidator. The private oncology provider had thrown more than £240m at developing four therapy centres between 2015 and 2019, in what managers have now called a “flawed expansion strategy” which contributed to “unsustainable cash burn” and ultimately its [...]
Elizabeth Line: Meet TfL’s new advertising asset June 6, 2022 When the Elizabeth line opened last month, the excitement across the City was palpable. From transport enthusiasts to keen commuters, the new line brought a new lease of life for the London Underground.
Explainer-in-brief: The cost of another bank holiday June 6, 2022 So you’ve woken up at the end of another long bank holiday, and thought right, when’s the next one? There have been several campaigns for new bank holidays – even a permanent one in honour of the Queen, or one to mark the sacrifices made during the pandemic – a Thank Holiday, as some charities called [...]
Western IPOs plummet in value as war in Ukraine triggers volatile conditions for businesses June 6, 2022 The value of US and European IPOs has tumbled 90 per cent this year amid conflict in Ukraine, with rising inflation and interest rates.
Metro Bank faces legal battle over coin-counting software June 6, 2022 Metro Bank is reportedly facing a legal battle in the High Court, following claims by a US software company that it leaked its software to a rival firm. US software company Arkeyo, which is suing for damages, claimed that it created the software for Metro’s “magic money machines” more than a decade ago before it was given [...]
