All eyes on Fujitsu as Post Office Horizon scandal leaves taxpayer with hefty compensation bill March 27, 2022 Pressure continues to mount on the Japanese IT giant Fujitsu to pay its share of compensation amid the ongoing Post Office public inquiry.
Sadiq Khan reveals £1.3bn procurement spend with small London firms March 27, 2022 The Mayor of London Sadiq Khan has revealed £1.3bn will be pumped into the capital’s small businesses over the next five years via contracts with a group of major organisations including TfL and NHS London.
Government plans to take stake in Sizewell C plant in nuclear push March 27, 2022 The government plans to snap up a 20 per cent stake in a major new nuclear plant in Suffolk as it scrambles to boost the country’s energy security amid soaring energy prices and war in Ukraine.
Ukraine war: Peace talks set to resume as Kyiv recaptures villages March 27, 2022 Ukrainian and Russian officials will resume peace talks in Turkey tomorrow, after Kyiv claimed that its forces have re-taken villages near two major cities under fierce attack. David Arakhamiya, a member of the Ukrainian negotiating team, today said on a Facebook video that another round of in-person negotiations will happen between 28 and 30 March. [...]
Zurich axes Z symbol after letter is adopted by pro-war groups March 27, 2022 Insurance giant Zurich has scrapped the use of its ‘Z’ logo from social media after the letter became appropriated as a symbol for support of war in Ukraine.
Ukraine: Antony Blinken says US not seeking regime change in Russia March 27, 2022 The US is not looking to pursue regime change in Russia in spite of comments made by Joe Biden yesterday, secretary of state Antony Blinken has said. The US President said last night in Warsaw that Putin was a “butcher” who “cannot remain in power”, before White House officials quickly backtracked and said Biden was [...]
Short sellers pile into Royal Mail after top investor feels the strain of war March 27, 2022 Short sellers are piling into bets against Royal Mail after the shocks of war in Ukraine put the squeeze on its largest investor, Czech billionaire Daniel Kretinsky.
Boots IPO still possible if private equity firms do not cough up, says owner March 27, 2022 One of the owners of high street chemist Boots says floating the chain as a standalone firm is not off the table if private equity firms do not cough up a suitable bid.
National Grid ditches stake in gas transmission unit March 27, 2022 National Grid is ditching its 60 per cent stake in its gas transmission and metering arm to a pair of funds, it announced today. The firm which manages the distribution of energy around Britain will offload the stake to Australia’s Macquarie Asset Management and Canada’s British Columbia Investment Management Corporation. The sale will raise around [...]
Bank of England should use Russian reserves to repair Ukraine economy March 27, 2022 The Bank of England should use the Russian central bank’s frozen reserves held at Threadneedle Street to help rebuild the Ukrainian economy. That’s according to the head of Ukraine’s central bank who today urged governor Andrew Bailey and co to allocate the around £21bn of sanctioned assets to repairing the damage inflicted on Ukraine’s cities [...]
