Whitbread boss gives up £729k bonus after Premier Inn owner faces furlough criticism April 11, 2022 The outgoing chief of Premier Inn has relinquished a £729,000 bonus after a row over furlough cash. The Times reported that Whitbread’s chief executive Alison Brittain gave up the deferred bonus after the FTSE 100 firm was criticised for taking £370m in furlough cash and rates relief which it has not repaid. Brittain, the chief [...]
Events group Ascential eyes break up and US listing April 11, 2022 London-listed media and events group Ascential has confirmed today it is exploring spinning off a section of its business, after reports that it was looking to float its digital assets in the US.
Palladium prices soar as London suspends Russian refiners April 11, 2022 Palladium prices have continued to climb today - closing in on $2,500 per ounce following a nine per cent spike last Friday.
Drivers warned about busiest Easter on record as 21.5 million journeys planned April 11, 2022 Drivers were told to brace for the busiest Easter on record, as an estimated 21.5 million trips will be made over the bank holiday. According to automotive insurance company RAC, this year will be the busiest since it started recording traffic data in 2014. “After two years of relatively quiet Easter bank holidays on the [...]
Crypto firm Copper poaches BoA team for prime broker product April 11, 2022 Crypto startup Copper has poached a team of Bank of America executives to build a prime brokerage product.
Priti Patel condemns ‘eco mob’ for forcing closure of one in three petrol stations in southern England April 11, 2022 Hundreds of environmental activists have taken part in direct action against petrol terminals, causing one in three fuel stations in the south of England to close. Campaigners from Just Stop Oil continued direct action against fossil fuel-linked firms, targeting three major fuel depots in Hertfordshire, Essex and Warwickshire over the weekend. The group said more [...]
NBA chairman Larry Tanenbaum eyes Chelsea FC consortia April 11, 2022 The chairman of the National Basketball Association Larry Tanenbaum has joined one of the leading consortiums gearing up to takeover Chelsea FC. Backing Steve Pagliuca’s offer for the London club, sources told Mark Kleinman for Sky News that Tanenbaum has joined the Facebook co-founder Eduardo Saverin in backing the upcoming bid. As well as chairing [...]
UK economy ambles into period of sluggish growth April 11, 2022 The UK economy has entered what is expected to be a protracted period of sluggish growth, official figures released today reveal. The early signs of inflation and tax hikes dealing a heavy blow to Brits’ spending are emerging in new GDP figures published by the Office for National Statistics (ONS) today. The economy grew just [...]
Consumer-focused firms weather sharp declines as inflation sparks investor jitters April 11, 2022 Shares in European consumer-focused firms have taken a battering in the last quarter as soaring inflation and low growth have caused investors to shun the stocks.
Crypto prices drift downwards despite bullish Bitcoin 2022 conference April 11, 2022 The price of Bitcoin has now dropped from highs above $47k last week to just above the $42k mark this morning.
