Hong Kong Racing Tips: Time has come for Moreira’s Star to Spark back into life March 8, 2022 BANK on reigning Champion Jockey Joao Moreira to once again be in the spotlight when racing gets underway with a nine-race card at Happy Valley. It didn’t take long for the ‘Magic Man’ to get back into the swing of things following his six-meeting suspension last month. A couple of winning doubles at the Valley [...]
The City View: US and UK boycott Russian oil, and Susannah Streeter and Michael Hewson on inflationary pressure March 8, 2022 Today Andy Silvester sits down for a chat with Hargreaves Lansdowns’ Susannah Streeter and CMC Markets’ Michael Hewson. They discuss trading being suspended on the London Metal Exchange after a record price spike in nickel; the Bank of England assessing inflationary pressures; and a whole mélange of financial woes for Brits as energy bills, taxes, [...]
Direct Line profits suffer as insurance giant weathers ‘challenging market’ March 8, 2022 Insurer Direct Line reported humble growth this morning as the group feels the sting of inflation. Whilst operating profit increased to £582m, driven by an increase in underwriting, its profit before tax of £446m was £5.4m lower than 2020. The focus seemed to be on cost cutting for Direct Line; the firm reduced its operating [...]
Ashtead weathers pandemic storm with revenue on the up March 8, 2022 Industrial equipment group Ashtead beat market expectations for its third quarter this morning, with revenue up 23 per cent, and rentals booming 25 per cent. The owner of Sunbelt Rentals in the UK, USA and Canada made significant investment in the past year, including $1.7bn (£1.3bn) in capital in the last quarter, with 81 locations [...]
Binance chief executive drops plans to snap up Chelsea FC March 8, 2022 Binance has reportedly ruled out a takeover of football club Chelsea after discussing the proposition last week.
Ukraine: UK bans all Russian oil imports from end of 2022 March 8, 2022 The UK will ban all imports of Russian oil and oil products from the end of this year in response to the invasion of Ukraine, business secretary Kwasi Kwarteng has announced. Kwarteng said the government would provide support to businesses in managing the transition, while also saying that he is “exploring options” in regards to [...]
Former Mishcon de Reya partner fined £17,500 for breaching anti-money laundering laws March 8, 2022 A former partner at London firm Mishcon de Reya has been ordered to pay £21,000 for his role in a money laundering scandal, which in January led to Mishcon being hit with a record £232,500 fine. The Solicitors Regulation Authority (SRA) fined former Mischon partner Michael Nouril £17,500 and told the M&A lawyer he must [...]
Animal Kingdom at Hampstead Theatre is theatre as therapy March 8, 2022 The intimate Hampstead Downstairs is just the setting for the emerging playwright to display their wares – all the more so when the work in question introduces its audience to the very private, innermost space of a family therapy session. From the other side of an imaginary two-way mirror, the audience observes an exposed, unadorned [...]
‘Challenges and difficulties’ remain for Boohoo in fight against unethical supply chain measures March 8, 2022 “Challenges and difficulties” remain at Boohoo, according to Sir Brian Leveson’s final report after the fast fashion firm’s supply chain scandal. The retailer launched a review programme after reports of neglect and underpayment of warehouse workers in Leicester during the Covid lockdown in 2020. Leveson was brought on board to oversee Boohoo’s Agenda For Change [...]
Calls to boycott Coca-Cola, PepsiCo, Pizza Hut and McDonald’s over refusal to quit Russia March 8, 2022 Major international food and drink brands including Coca-Cola, McDonalds, PepsiCo and Pizza Hut have refused to close outlets in Russia – leading to calls for boycotts from campaigners. Companies have faced mounting calls to quit selling their products in Russia following its invasion of Ukraine, as other major international brands such as Apple and Netflix [...]
