Kaz Minerals boss raises take private bid to £4.1bn March 26, 2021 The chief executive of FTSE 250 miner Kaz Minerals has raised his offer to take the firm private for a second time, it was announced this morning. Oleg Novachuk, the joint owner of Nova Resources, has tabled a £4.1bn offer for the Kazakhstan-focused firm, up from a previous bid of £3.7bn. Shares in the firm [...]
Screenshot: Will workers’ rights put a puncture in Deliveroo’s IPO? March 26, 2021 This week **Media Moment of the Week: Farewell to the real McCoy **Will workers’ rights put a puncture in Deliveroo’s IPO? **A watchdog bares its teeth Media Moment of the Week: Farewell to the real McCoy In a shock bit of transfer news this week, BBC presenter Simon McCoy announced he was leaving the Beeb [...]
London forex trading boss fined for unauthorised WhatsApp investment advice March 26, 2021 The High Court has fined the boss of a Bow-based forex trading business after it provided unauthorised investment advice to customers via WhatsApp. Mohammed Fuaath Haja Maideen Maricar was ordered to pay restitution in excess of £530,000. The recovered fund will be distributed customers. The court found 24HR Trading, an unregulated firm, unlawfully provided trading [...]
Marcus Rashford to hold talks with Deliveroo over workers’ rights March 26, 2021 Marcus Rashford is reportedly set to hold discussions with Deliveroo amid rising concerns about the way the delivery giant treats its workers. Deliveroo has come under scrutiny in recent days after it emerged many of its riders were not earning minimum wage. A string of major investors have also distanced themselves from the company’s blockbuster [...]
Retail sales recover slightly in February driven by DIY purchases March 26, 2021 Retail sales ticked up slightly in February compared to the previous month, as purchases of DIY and household goods offset a steep drop in demand for new shoes and clothing. Sales volumes increased 2.1 per cent following a 8.2 per cent drop in January, with the strongest growth seen in department stores and household goods [...]
Deutsche Bank chief Sewing prepared to give up investment bank role March 26, 2021 Deutsche Bank CEO Christian Sewing could give up his role overseeing the investment bank in a move likely to reassure regulators, a source said on Friday. The anonymous source said Sewing never intended to permanently keep the role since he added to his duties in a management overhaul in 2019. German business newspaper Handelsblatt reported [...]
Car production tumbles again in worst February for a decade March 26, 2021 UK car production fell 14 per cent last month as the sector suffered its weakest February for over a decade. Just 105,008 units rolled off production lines last month, according to new figures released today by the Society of Motor Manufacturers and Traders (SMMT). It was the eighteenth straight month of declining car production in [...]
General Motors could be the next big car manufacturer to accept Bitcoin March 26, 2021 Vehicle manufacturing behemoth General Motors is being tipped as the likely car producer to follow in the footsteps of Tesla and accept Bitcoin as payment.
China sanctions Tory MPs in Uighur human rights abuse row March 26, 2021 China has imposed sanctions on nine UK individuals — including five Tory MPs — for spreading what it calls “lies and disinformation” about human rights abuses in the country. The Chinese foreign ministry today said it had sanctioned four organisations and nine individuals, including Conservative Party leader Iain Duncan Smith and the party’s Human Rights [...]
Covid-19, a year on: the need for a more diverse UK economy March 26, 2021 In this series, City A.M. looks back at the last year of the pandemic and Covid restrictions and takes stock of its impact on industries and issues at the heart of British society. Read more: Read the full Covid-19, a year on series here. The UK’s economy was hit by a 10 per cent drop in GDP [...]
