UK imposes sanctions on individuals accused of serious corruption in Russia April 26, 2021 The UK has sanctioned a number of individuals across Russia, South Africa and Latin America in the first use of a new anti-corruption law. Some 22 individuals were hit with asset freezes and travel bans today in the first use of Britain’s new Magnitsky act. Like a similar law in the US, it is named [...]
MI6 boss: UK warned Putin he would pay ‘huge price’ if he invaded Ukraine April 26, 2021 The UK and the US sent a warning to Vladimir Putin that he would pay a “huge price” if Russia invaded Ukraine, according to MI6 boss Richard Moore. Russia this week pulled back more than 100,000 soldiers that were positioned on the Ukraine border after concerns Putin was about to launch an invasion. In the [...]
Review of banker bonus cap not top of the agenda, says BoE official April 26, 2021 A review of the cap on bankers bonuses is not top of the Bank of England’s priority list, according to an official. Now the UK is out of the EU it is free to set its own regulatory agenda on financial services. It has previously been reported the Treasury is considering scrapping the cap entirely [...]
Why every company needs to know about the UK trade remedies regime April 26, 2021 Are all tariffs equal? Not when it comes to trade remedies and that matters for businesses who are navigating the UK’s new independent trade policy. Getting caught out with a large duty payment at the border when trying to import bicycles from China or biodiesel from Argentina is not something that any business wants. To [...]
Top UK civil servant: Leak inquiry will probably not find ‘chatty rat’ April 26, 2021 Downing Street’s so-called “chatty rat” who leaked the news of the second national Covid lockdown is unlikely to ever be identified by an ongoing leak inquiry, according to cabinet secretary Simon Case. Case told MPs today that the inquiry into the leak will likely be complete in “weeks rather than months”, but refused to answer [...]
Tailoring after Covid: Bespoke womenswear April 26, 2021 London is famous for its gentlemen’s tailoring: Savile Row and Jermyn Street belong to a city of tailors, not couturiers. It is built in tradition that extends back more than two centuries, and the great cutters and robemakers will show you officers’ uniforms from the high Victorian period and the garments of orders of knighthood. [...]
Aggreko shareholders vote through £2.3bn takeover bid April 26, 2021 Aggreko shareholders have waved through the multi-billion pound takeover by private equity firms TDR Capital and I Squared Capital. In a statement the FTSE 250 firm said the deal had passed by the majority of scheme shareholders at both its court and general meetings held earlier today. It comes just a month after Aggreko said [...]
John McAfee on life in prison… and the price of Dogecoin April 26, 2021 Speaking from behind bars in a Spanish jail, computer legend John McAfee says he’s stunned by the price of Dogecoin.
Airline shares jump on hopes of Europe-US travel by the summer April 26, 2021 Airline shares jumped today on the back of hopes that travel between the EU and US would open up again this summer. Over the weekend, European Commission President Ursula von der Leyen said that all US citizens who had been vaccinated should be able to travel to Europe by the summer. Her comments sent shares [...]
Westfield unveils updated plans for £1.3bn White City residential scheme April 26, 2021 Westfield has revised its planning application for a £1.3bn residential scheme in White City, adding several hundred new homes to the proposals. The proposed scheme will include up to 1,760 new homes, up from the 1,093 granted planning permission in 2017, and will also involve the construction of a 1.4 acre public space and new [...]
