Opinion-in-brief: A divided cabinet shows there is no quick energy fix March 28, 2022 Boris Johnson’s calls to ramp up wind and nuclear power reflect his desperation to shore up the security of the country’s energy supplies and his enthusiasm for the net zero agenda, but they also defy the deepening splits within his own cabinet. Downing Street and the Treasury are at loggerheads over the Prime Minister’s push [...]
Sir Iain Duncan Smith: ‘Sub-crisis’ emerging as loan sharks capitalise on rising cost of living March 28, 2022 With more than 1m Brits in debt to predatory illegal lenders, a “sub-crisis” may emerge as soaring costs of living heap added pressure on those with fragile finances. Former Conservative leader and ex minister at the Department for Work and Pensions, Sir Iain Duncan Smith has been campaigning. But not for an election. The veteran [...]
UK ransomware attacks double in past year March 28, 2022 New data has revealed that the number of ransomware attacks reported to the Information Commissioner’s Office has increased 100 per cent from 326 in 2020 to 654 in 2021.
Car dealership Lookers sells Battersea site for £28m March 28, 2022 Car dealership chain Lookers has sold a freehold dealership property in Battersea, south London for £28m. The 95,000 sq ft property was sold with Urban Logistics REIT, with a 20-year lease agreed at an initial rent of £1.25m per year. Lookers CEO Mark Raban said: “We’re pleased to have agreed the selective sale and leaseback [...]
Oil prices tumble as Shanghai shuts down amid surging Covid-19 cases March 28, 2022 Oil prices dipped four per cent on both major benchmarks this morning following Shanghai's launch of a two-stage lockdown to combat Covid-19.
Domino’s bolsters board with media executive following ‘transformational year’ March 28, 2022 Domino’s has bolstered its board with a media executive, following a “transformational year” for the pizza chain. Former chief strategy officer of Dow Jones & Company Tracy Corrigan will join the board as an independent non-executive director at the beginning of May. Corrigan, previously digital editor of the Financial Times and the Wall Street Journal, [...]
Octopus Renewables Investment Trust calls for clearer direction in government energy strategy March 28, 2022 ORIT has reported a 9.3 per cent growth in NAV and fully covered dividends in its full-year results following multiple new deals.
Ted Baker turns down Sycamore’s £250m takeover bid March 28, 2022 Fashion chain Ted Baker has rejected a £250m takeover bid from New York based private equity firm Sycamore. The US firm had tabled a £250m offer for the chain last week, it was reported by Sky News at the weekend. The London-listed retailer confirmed it had rejected two non-binding proposals from Sycamore regarding a possible [...]
P&O found staff consultations would cost it £309m before sudden sackings March 28, 2022 Beleaguered ferry firm P&O found that it would cost £309m to run the business while while consulting with staff over job losses, as it mulled options to keep the company afloat.
Legal & General joins rebel Sainsbury’s shareholders in calling for higher wages March 28, 2022 Legal & General has joined a group of rebel Sainsbury’s shareholders calling for higher wages for staff and are pressuring the supermarket giant into a proposal. The group, which included International and the National Employment Savings Trust, has pushed past the threshold which should see Sainsbury’s put a proposal to shareholders on the issue, The [...]
