UK government appoints four new directors to FRC in shakeup of audit regulator February 8, 2022 The UK government has put four new directors on the board of the Financial Reporting Council (FRC), amid a shakeup of the UK’s audit regulator. The appointments come after former Rio Tinto chairman Sir Jan du Plessis – the government’s pick to head the Financial Reporting Council (FRC) – said the watchdog is in a [...]
Bumper BP profits fail to get City purring as FTSE 100 closes lower February 8, 2022 A resurgence in profits at BP was not enough to prompt investors to flood into the oil giant as London markets posted a muted day yesterday. The capital’s premier FTSE 100 index dipped 0.08 per cent to 7,567.07 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK [...]
Tesla under fire after two senators raise concerns over driving system February 8, 2022 Another turbulent day at Tesla, as two US senators have expressed “significant concerns” over the electric vehicle (EV) giant’s ‘autopilot’ and ‘full self-driving systems’. “We are deeply troubled by Tesla’s design choices that seemingly encourage unsafe driving habits,” Democratic senators Richard Blumenthal and Ed Markey wrote in a letter to the Austin-based company. “These complaints and [...]
Two charged in connection with £3.8bn hack of crypto exchange Bitfinex February 8, 2022 Over $3.6bn worth of stolen Bitcoin has been recovered by US law enforcement and two people charged in connection with a major crypto hack.
Clifford Chance undecided on plans to ditch Canary Wharf HQ and slash size of offices February 8, 2022 Clifford Chance is weighing up plans to slash the size of its London offices, with a view to leaving its Canary Wharf headquarters and moving back into the City. However, City A.M. understands the London law firm has not yet come to a decision on whether to leave its docklands HQ or get rid of [...]
Hong Kong Racing Tips: History to prove no burden for in-form Shum’s Gorytus in finale February 8, 2022 RACING fans with long memories may recall that it’s 40 years since a doping scandal rocked British horse-racing, when a potential champion racehorse named Gorytus was found to have been ‘got at’ after finishing last of four in the Dewhurst Stakes at Newmarket. Hopefully there will be happier times ahead for former UK-trained galloper GORYTUS, who [...]
Hong Kong Racing Tips: Get set for a Purton Party at the Valley February 8, 2022 NO PRIZES for guessing that former champion jockey Zac Purton will carry huge expectations when racing resumes at Happy Valley with a nine-race programme today. Purton was at his imperious best at the city-track last Sunday, riding five winners and five places on the 10-race card, sending his many thousands of supporters into raptures of [...]
Pfizer share price slips despite $81bn revenue as investors fear Covid-19 cliff edge February 8, 2022 Pfizer’s share price slipped today after its fourth quarter revenue dipped below Wall Street forecasts, despite nearly doubling its full-year revenue. Revenue came in at $23.8bn in the fourth quarter of last year, slightly below analyst estimates of $24.2bn. The famed Covid-19 vaccine maker anticipates around $50bn in sales from its jab alone in 2022, [...]
“Let all the the children boogie”: Waterloo celebrates 50th anniversary of Ziggy Stardust appearance with silent disco February 8, 2022 Rail passengers at Waterloo will be able to (silently) dance to their favourite David Bowie’s tunes on Thursday, as the station will host a silent disco for the 50th anniversary of Bowie’s alter ego Ziggy Stardust. Non-profit organisation the Community Brain has set up the event alongside Community Rail and South Western Rail which for [...]
BP recovers from pandemic with £9.5bn profit February 8, 2022 BP has rebounded strongly from the pandemic with hefty annual profits of £9.5bn ($12.8bn), its best yearly result since 2013.
