Mitie snaps up telecoms tower design house P2ML amid competition probe April 1, 2022 Mitie has snapped up a telecoms tower design house for £2.1m. It has acquired P2ML, which provides construction and maintenance services for cellular telecoms infrastructure. The strategic outsourcing firm is being probed by the competition watchdog for its reported relationship with US company PAE, in trying to get contracts for immigration removal centres (IRC). The [...]
After an explosion of apps and billion dollar valuations, is the ultra-fast bubble about to burst? April 1, 2022 Any Londoner on a stroll down a main road in the city is bound to encounter a handful of instant grocery delivery riders zipping past. With Getir, Gorillas and Gopuff among other players on the scene, the category has exploded over the past couple of years with some receiving billion-dollar valuations. The pandemic saw many [...]
European tech laws should tempt the next Silicon Valley to cross the Atlantic April 1, 2022 In the early years of the last century, Louis Brandeis of America’s Supreme Court believed that markets, without regulation, would destroy their most treasured characteristic, competition. It was Justice Brandeis, above all others, whose actions curtailed the oil industry’s “robber barons” and brought about the age of “antitrust”. Today, for the first time since, anti-monopolists [...]
Buyers set hearts on Balham as stock gap hits unseen levels April 1, 2022 South London’s Balham has seen the biggest surge in buyer competition out of London boroughs this year. Buyer demand has soared 113 per cent over the past year, with home movers keen to snap up homes with space and gardens, Rightmove said. With Wandsworth and Tooting Bec commons around the corner, buyers are keen to [...]
The tectonic plates of economic power are being moved by the crypto kings April 1, 2022 Sanctions have shown the power of the people who control cash. Oligarchs counting their dollars today have realised that their money is more than just a currency, it’s an operating system. In the past month, the US Treasury, which issues the American notes and regulates the accounts that trade them, has removed the operating licence [...]
Law firms cannot keep riding the two horses of easy money and the rule of law April 1, 2022 The war in Ukraine has cost many lives. It has also exposed some double standards. The recent Oxera Report has shown the economic value of the English legal platform which underpins City markets. This platform rests on the rule of law. But the City has unwisely developed a parallel reputation as a haven for funds [...]
UK economy flirting with recession amid escalating inflation April 1, 2022 Escalating inflation is threatening to throw the UK economy into dangerously close recession territory, reveals two closely watched surveys. Businesses are struggling under the weight of swelling costs triggered by soaring energy bills, prompting them to launch the quickest price hike cycle on record, according to the British Chambers of Commerce (BCC). Around two in [...]
Into the final straight: An interview with gambling chief Michael Dugher April 1, 2022 For most punters, it’s the thrill of horses entering the last couple of furlongs when the heart rate starts picking up. The betting industry however is in a final stretch quite unlike that at courses like Cheltenham and Epsom – for a government review in the works since 2020 is due to finally set the [...]
Millions of households plunged into fuel poverty today April 1, 2022 Millions of households will be plunged into fuel poverty today caused by the uplift to the cap on energy bills sending the average household annual energy bill close to £2,000, reveals fresh research published today. Some 2.5m households in England have fallen into fuel poverty due to the energy watchdog, Ofgem, raising the price cap [...]
Global dealmaking plunges amid shocks of war in Ukraine April 1, 2022 Worldwide dealmaking has plunged in the first quarter of this year after the invasion of Ukraine sent shockwaves through global financial markets.
