Overground crash: Two injured after buffer collision at Enfield Town Station October 12, 2021 Two people have been injured at Enfield Town Station today when the Overground service crashed through the buffers. “Thankfully, there are not the sort of casualties we could have had – just the one driver taken for shock to hospital,” London Mayor Sadiq Khan said. The mayor added that a full inquiry will be held [...]
Holiday destination Crete hit by second powerful earthquake in two weeks October 12, 2021 Holiday destination Crete has been struck by another strong earthquake just two weeks after one which killed a man. Today’s earthquake, which reached a magnitude of 6.3, according to reports, “was felt all over the island”, Crete’s deputy regional governor, Yiannis Leondarakis, told Greece’s state-run radio. There have not yet been any reports of injuries [...]
Perpetual debt is already here October 12, 2021 “Be still indebted to somebody or other, that there may be somebody always to pray for you, [. . .] fearing, if fortune should deal crossly with you, that it might be his chance to come short of being paid by you.” François Rabelais, Gargantua and Pantagruel, Book III Pundits worldwide are debating what to do with [...]
Audit reform: FRC asks for power to cap Big Four’s audit clients October 12, 2021 The chief executive of the UK’s accounting watchdog has asked ministers for the authority to enforce a cap on the number of large companies that any one accountancy firm can audit, in an attempt to break up the dominance of the Big Four firms. Sir Jon Thompson went on to question the likelihood of the [...]
Easyjet’s bookings skyrocket as chief executive says recovery is back October 12, 2021 Easyjet’s chief executive Johan Lundgren has said that recovery is on the way as the airline’s bookings skyrocket, especially for warmer destinations. As reported by Lundgren during the carrier’s trading update call, bookings for destinations such as Turkey and Egypt have registered a 400 per cent increase. “We have seen city breaks beginning to return [...]
Bitcoin continues to show strength amid uncertain markets October 12, 2021 The Bitcoin price continues to rise this morning, up another one per cent over the past 24 hours to more than $57k.
Sunak eyes overhaul of capital raising rules to boost London market post-Brexit October 12, 2021 Rishi Sunak has set out his ambition to make capital raising easier for public companies listed in London as a part of the government’s regulations overhaul post-Brexit. The chancellor today launched the UK Secondary Capital Raising Review, which will look at ways of giving listed companies greater access to capital through secondary transactions in a bid [...]
Legal woes continue for Samsung as boss pleads guilty to sedative use October 12, 2021 Samsung chief Lee Jae-Yong pleased guilty to a charge of unlawful use of a controlled substance in a Seoul court amid ongoing legal troubles. In August, the embattled heir to Samsung was let out of prison on parole following a bribery conviction with the government judging his release to be in the “national interest” because [...]
Red hot jobs market strengthens BoE rate hike bets October 12, 2021 A rebound in the UK jobs market back to pre-pandemic health is strengthening bets on the Bank of England hiking interest rates this year. The number of payrolled employees climbed more than 200,000 over the last month, jumping to 29.2m in September, above its pre-pandemic level, according to the Office for National Statistics (ONS). The [...]
Vehicles are the UK’s most valuable export as revenues reach £27bn October 12, 2021 UK export revenues for vehicles have reached £27bn in 2020, making vehicles Britain’s most valuable trade good. In a report published today, the Society of Motor Manufacturers and Traders (SMMT) highlighted how the British automotive sector kept on generating revenue even during the Covid-19 pandemic. As a whole, the country’s industry produced a £74bn total [...]
