Ladbrokes owner Entain posts online slowdown as lockdown boom dwindles April 7, 2022 Ladbrokes owner Entain reported an online gaming slowdown this morning as the pandemic boom dwindled during the first quarter of 2022. Though net gaming revenue was down eight per cent compared to the immense growth seen in 2021, group revenue was up 31 per cent thanks to retail. Discussing the results, Jette Nygaard-Andersen, Entain’s [...]
Energy strategy will not resolve cost of living crisis April 7, 2022 A new dawn for the UK’s energy sector will be unveiled today, when the Prime Minister finally announces the country’s energy strategy.
City Moves: Who’s switching jobs in the Square Mile? April 7, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Tritax Group Logistics real estate investment manager Tritax has hired a new director of ESG, who will be based out of its London office. Alan Somerville, who acted as a consultant for the company at the beginning of the year, [...]
Ed Warner: Trans debate has echoes of Semenya legal row but ‘meaningfulness’ may be buzzword April 7, 2022 It’s a pity Emily Bridges was blocked from competing in the National Omnium Championships in Derby last weekend. Yes, the cyclist would have been at the centre of an unsavoury media scrum, but we would have gathered one more valuable data point with which to try and balance the febrile debate about transgender women in [...]
Putin’s invasion of Ukraine is a war against old and new and tanks versus TikToks April 7, 2022 Three decades ago, the white, blue and red Russian flag was raised in Moscow, signaling the end of the Soviet Union. Right around that time, the English computer scientist Tim Berners-Lee invented the World Wide Web and introduced the first website. Today, we can see the impact of the end of the USSR on the [...]
Union calls to ‘beef up’ minimum wage enforcement powers in wake of P&O scandal April 7, 2022 Plans to make companies pay workers minimum wage will be “unworkable” if enforcement powers are not beefed up, said union TUC today following the P&O scandal. “A lack of enforcement will kick the legs out from under the Government’s minimum wage plans,” said TUC’s general secretary Frances O’Grady. “Our weak enforcement regime lets rogue employers [...]
UK to push forward with nuclear revolution as Johnson unveils energy strategy April 6, 2022 The UK will drastically expand its number of nuclear power plants and offshore wind farms as a part of Boris Johnson’s newly unveiled energy strategy. Tomorrow’s strategy will include plans to create a new government body, Great British Nuclear, and a £120m Future Nuclear Enabling Fund in a bid to build eight new reactors across [...]
Rishi Sunak’s wife hits back at claims she uses non-dom status to avoid paying UK taxes April 6, 2022 Rishi Sunak’s wife has hit back at claims that she took up “non-dom” status to avoid paying UK taxes. Akshata Murthy, the daughter of Indian tech billionaire N.R. Narayana Murthy, has claimed she has been forced to take up “non-domicile” status, due to not being able to hold dual citizenship under Indian law. The billionaire [...]
UK announces ban on Russian coal April 6, 2022 The UK will phase out Russian coal imports by the end of the year, as part of a new co-ordinated round of sanctions.
Venture capitalist Julie Meyer to appeal six-month suspended sentence for Contempt of Court April 6, 2022 Venture capitalist Julie Meyer MBE is appealing the High Court’s decision to hand her a six-month suspended sentence, after she was held in Contempt of Court following a £197,000 dispute with London law firm Farrer & Co. The appeal comes after the High Court issued a warrant for the businesswoman’s arrest, after she refused to hand over [...]
