Ericsson investors turn back on CEO for supposed ISIS payments March 29, 2022 Ericsson investors have turned their backs on chief Borje Ekholm after they refused to vote against discharging the board liability for supposed ISIS payments, meaning he and other top execs could be held personally liable.
Students to ‘shoulder burden’ of public finances under loan reforms March 29, 2022 Students will be left shouldering the burden of Covid and Brexit under reforms to the loans repayment scheme, economic analysts have warned.
Letters: Open up OpenBanking, but do it well March 29, 2022 [Re: Competition watchdog to unveil open banking regulatory committee after fintech pressure] We’re glad to see the CMA has published new guidance on the future of Open Banking. It’s not so much a resolution, however, as it is a signal that we’ve entered a critical phase of Open Banking development. There are still fundamental issues [...]
Russia refuses to back down from rouble demands March 29, 2022 The dispute over gas payments has become "a case of which side will blink first" argues Craig Erlam, senior markets analyst at OANDA.
Government recruits Oliver Wyman consultants to craft new football regulator March 29, 2022 The government have drafted in top consultancy Oliver Wyman to help design a new independent body that will be charged with regulating English football. According to reports from Mark Kleinman, the Department for Digital, Culture, Media and Sport (DCMS) has hired the New York-based firm to help build a response to Tracey Crouch’s contentious review of football’s [...]
Everton FC registers £120m loss after pandemic impact and suspension of Usmanov support March 29, 2022 Everton Football Club registered a £120.9m loss in 2021, meaning it’s almost £400m down over the last four years. The beleaguered Merseyside club attributed its loss to the pandemic as it published annual accounts this week, against the backdrop of severed sponsorship with a sanctioned Russian oligarch. It said there were £170m losses despite a [...]
Maersk warns Shanghai’s lockdown will hike transport costs March 29, 2022 Shipping giant Maersk said today transport costs will continue to increase following Shanghai’s decision to lockdown. Shanghai started going into lockdown yesterday, closing down half of the city while the other one will be be shut from Friday for a four-day testing exercise. “Trucking service in and out (of) Shanghai will be severely impacted by [...]
Failed Bain Capital takeover bid cost LV= £33m March 29, 2022 LV=’s failed bid to sell itself to US private equity firm Bain Capital cost the mutual insurer more than £33m, the firm revealed today. Full year figures from the Westbourne headquartered insurer show LV= paid out £21m in costs in 2021 in addition to the £12m it paid out in 2020 and a small amount [...]
Retailers lead the way in London after industrials give up gains March 29, 2022 High street retailers lifted London’s top indexes today despite a sharp drop in oil prices prompting investors to ditch industrial giants. The capital’s premier FTSE 100 index climbed 0.86 per cent to reach 7,537.25 points, while the domestically-focused mid-cap FTSE 250 index surged two per cent to 21,491.97 points. Traders are seemingly upbeat about the [...]
London clings on to crown as top global city, according to Schroders index March 29, 2022 London remains top of a closely-watched global cities index compiled by asset manager Schroders. The capital ranked top in the index for innovation, reflecting its status as the home of more ‘unicorn’ companies than much of the rest of Europe combined and the fact it is home to some of the world’s leading universities. London [...]
