Apollo chief warns peers ‘ignore blockchain at your peril’ April 19, 2022 The billionaire chief of investment giant Apollo has warned the private equity industry to ignore “blockchain at [its] peril” after the firm has thrown its weight behind the technology in recent months.
T.M. Lewin faces legal battle after workers win £439,000 employment lawsuit against collapsed firm April 19, 2022 Clothing retailer T.M. Lewin faces a lengthy legal battle over claims it was required to consult employees before firing them, after an employment tribunal told it to pay out a total of £439,000 to more than 100 of its former staff, lawyers have said. The comments come after an employment tribunal ruled that T.M. Lewin [...]
Robinhood snaps up UK crypto firm Ziglu April 19, 2022 Robinhood has inked a deal to snap up UK crypto firm Ziglu as it takes a second stab at expanding into Britain.
‘Scramble for staff’: Restaurants hike pay by double-digits in attempt to woo staff to stay April 19, 2022 Pubs and restaurants have hiked workers’ pay by an average of 11 per cent in recent months. A staffing blight continues to plague the hospitality sector, according to data from the latest CGA and Fourth’s Business Leaders’ Survey. Almost four in five businesses told the survey that they had increased wages in a bid to [...]
Powering the revolution: Does the private sector have the appetite for an energy overhaul? April 19, 2022 City A.M. looks at whether the private sector help fund the government's ambitious targets to ramp up domestic energy production.
Johnson: It ‘did not occur to me’ Downing Street birthday party was Covid breach April 19, 2022 Boris Johnson has told MPs that it “did not occur to me” that his Number 10 office birthday party was in breach of Covid rules, after receiving a police fine last week for attending the event. The Prime Minister today said “that was my mistake and I apologise for it unreservedly”, but that he now [...]
P&O could face bankruptcy following insurance increase, analysts warn April 19, 2022 P&O could face bankruptcy, analysts told City A.M. as they warned a drop in the ferry operator’s safety rating is set to see its insurance bills soar. The company faces a “sky-high insurance bill” after its safety ratings sank to the “riskiest bracket,” in the face of mounting scrutiny from the UK government over its [...]
Downbeat IMF growth projections weigh on London’s top indexes April 19, 2022 London’s top indexes were weighed down today by the world’s economic watchdog downgrading its forecasts for the UK and global economy. The capital’s premier FTSE 100 index closed 0.2 per cent lower at 7,601.28 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 0.75 [...]
Cost of living crisis to throttle UK economic growth, IMF warns April 19, 2022 A historic cost of living crunch that is being stoked by Russia’s invasion of Ukraine and strict lockdowns in China will disrupt Britain’s road to recovery, fresh forecasts published today by the world’s economic watchdog revealed. UK households are set to slash spending in response to rampant inflation eroding their living standards rapidly, choking growth [...]
Ashes to rise to the top for Lui ahead of Sixty’s Champions Day showdown April 19, 2022 FRANCIS Lui faces an all-important week, and the 63-year-old trainer will be hoping that any success at Happy Valley can act as a springboard for stable superstar Golden Sixty, as he seeks to defend his Champions Mile crown against heir apparent California Spangle on Champions Day at Sha Tin on Sunday. Lui has consistently fired [...]
