Goldman Sachs to pay $3bn to settle charges over role in 1MDB scandal October 22, 2020 Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) to settle a probe into its role in Malaysia’s 1MDB corruption scandal, drawing a line under a saga that has dogged the bank for years. The settlement resolves a probe led by US authorities into the bank’s role in underwriting three bond offerings in 2012 and [...]
KPMG considering sale of UK restructuring business October 22, 2020 KPMG is considering selling its UK restructuring business as the accounting giant looks to shore up its finances after delaying its annual results amid the disruption caused by Covid-19. The firm is exploring options for the division including a possible sale as the Big Four accountants prepare for extensive reforms of their business to comply [...]
Travel quarantine: Germany and Sweden in line to be added to ‘red list’ October 22, 2020 Germany and Sweden could be added to the UK’s travel quarantine list this afternoon, with both reporting rising numbers of new coronavirus cases. The two countries are among the last places in Europe to which travellers can go without needing to self-isolate for 14 days on their return to the UK. However, both are now [...]
Shell makes surprise bid for Post Office broadband division October 22, 2020 Oil giant Shell is said to have made a surprise entry into the race to snap up the Post Office’s telecoms division, paving the way for a potential shake-up of the UK broadband market. The FTSE 100 company already has a presence in the telecoms market after taking control of energy and broadband provider First [...]
Rishi Sunak’s new business support: What does it mean for you? October 22, 2020 Chancellor Rishi Sunak has overhauled key parts of his winter economy plan to support struggling businesses as coronavirus cases rise and the government imposes new restrictions. He made the job support scheme more generous for employers and boosted support for the self-employed. But what exactly will the new changes mean for employers, employees and the [...]
Reviving the golden era of car journalism in a new Rolls-Royce Ghost October 22, 2020 Whether as a driver or passenger, the Rolls-Royce Ghost offers a luxury experience that’s almost unmatched. We enjoy an indulgent day out.
Lockheed Martin to launch satellites from Shetland Islands October 22, 2020 The government has approved Lockheed Martin’s plans to move its satellite launch operations to the Shetland Islands. The decision is a major step forward in plans to build a spaceport on the archipelago to support the country’s commercial space ambitions. It is hoped that the Shetland Space Centre will support 605 jobs in Scotland by [...]
Wall Street rises as investors cling to hope of stimulus package October 22, 2020 US stocks edged higher after the open today as Wall Street held out for a deal on fiscal stimulus, while the FTSE 100 dipped amid concerns over increasing coronavirus cases in Europe. The benchmark S&P 500 rose as much as 0.26 per cent in the first half an hour of trading, while the Dow gained [...]
City law firms enjoy bumper year for revenues October 22, 2020 London’s legal market has solidified its position as one of the City’s most resilient sectors after a year of strong financials and high pay packets. Despite the double whammy of Brexit and pandemic uncertainty, UK and US firms have managed to secure some of the most remunerative work and solidify London as a leading global [...]
Exclusive: Portland financial PR chief Steffan Williams steps down October 22, 2020 The head of Portland Communications’ financial practice is stepping down to start his own venture after two years at the public relations giant. Steffan Williams was hired in 2018 to establish Portland’s new financial comms division, which now boasts a number of high-profile clients, including Astra, Robert Walters and Ince Group. But City A.M. has [...]
