Law Society supports British judges’ decisions to step down from Hong Kong’s top court March 30, 2022 The Law Society of England and Wales has said it supports the decisions made by two top-ranking British judges to resign from Hong Kong’s highest court, after they claimed the city-state’s crackdown on free speech has made their positions untenable. Law Society president I. Stephanie Boyce said the Law Society shared Lord Reed’s assessment that [...]
UK prohibits maintenance on Russian oligarchs’ planes and ships March 30, 2022 The UK Government announced today it has prohibited maintenance works on aircraft or ships belonging to Russian oligarchs sanctioned over ties with Putin. Laid in Parliament today as a Statutory Instrument, the new legislation hit already Russian businessmen Eugene Shvidler, whose aircraft have been detained since last week, and TCS Group founder Oleg Tinkov. Foreign [...]
Big Four cut ties to China’s debt-ridden property giants as developers delay results March 30, 2022 The Big Four auditors have begun cutting their links to China’s heavily indebted property developers, amid mounting concerns over the sector’s debt crisis. Accountancy giants Deloitte and PwC have both pulled out of auditing at a slew of Chinese property developers over the past three months. The exits come as PwC is reportedly set to [...]
Sir Martin Sorrell’s S4 Capital sinks 35 per cent following PwC audit delay March 30, 2022 S4 Capital’s shares nosedived 35 per cent this afternoon after PwC auditors said they were unable to complete the work needed for the company’s financial results tomorrow. In a statement to the stock exchange, the digital advertising group said that it had been informed by the accounting firm early this afternoon that it was “unable [...]
Scepticism over Kremlin’s pledges weigh on London indexes March 30, 2022 A push back from western nations on the validity of Russia pledging to roll back its assault on Ukraine drove a mixed day for London’s top indexes today. The capital’s premier FTSE 100 index climbed 0.55 per cent to 7,578.75 points, while the domestically-focused mid-cap FTSE 250 index, dropped 1.02 per cent to 21,272.47 points. [...]
The City View: Chris Jackson, CEO of green hydrogen firm Protium, talks easing sustainable energy transition March 30, 2022 Today Andy Silvester chats to Chris Jackson, CEO of UK-based green hydrogen energy firm Protium. They go back to Protium’s roots; discuss what green hydrogen acutally is and how the company aims to simplify the decarbonisation process for the companies it works with; and go through why hydrogen, rather than solar and wind energy, might [...]
Oil prices recover as Russia demands rouble requirements for gas payments March 30, 2022 Oil prices have rebounded nearly four per cent on both major benchmarks, as the economic conflict between the West and the Kremlin escalated.
Shares bounce for Ebiquity following deepening losses and US acquisitions March 30, 2022 Shares in media consultancy Ebiquity fluctuated today after the firm announced deepening losses, as well as the planned acquisition of US-based media audit specialist Media Management for $8m.
Grant Shapps says new measures will make P&O “fundamentally rethink” layoffs March 30, 2022 Grant Shapps unveiled today a new set of measures which are expected to make P&O Ferries “fundamentally rethink” the sacking of almost 800 seafarers. “P&O Ferries’ failure to see reason, to recognise the public anger, and to do the right thing by their staff has left the government with no choice,” he told the House [...]
Johnson says Ukrainian refugees can help ease UK labour shortages March 30, 2022 Tens of thousands of Ukrainian refugees set to come to the UK will help ease the country’s labour shortages, Boris Johnson has said. The Prime Minister said “one of the problems our economy has” is “the need for more pairs of hands to do crucial jobs and one of the things the Ukrainians will be [...]
