DUP minister plans to halt all port checks in Northern Ireland as Brexit row heats up January 28, 2022 Stormont’s First Minister has said has said a DUP Stormont minister will act unilaterally to halt Brexit checks at Northern Ireland ports. Paul Givan said his party colleague Edwin Poots will order a stop to the controversial checks after a failed bid to secure the wider approval of the Stormont Executive to continue them. The [...]
Liz Truss dismisses misuse of public money claims as Foreign Secretary spent £500,000 to fly to Australia January 28, 2022 Liz Truss’ recent journey to Australia has reportedly cost taxpayers around £500,000. However, the Foreign Secretary has defended chartering a private jet. The Independent reported the Foreign Secretary had opted for the chartered flight for her trip last week due to security concerns, although commercial routes were available. The newspaper said she had travelled on [...]
Embattled Amigo appoints charted accountant as interim CFO after lender’s most dramatic week ever January 28, 2022 Amigo Holdings said this morning it has appointed that Danny Malone will be appointed on an interim basis as Chief Financial Officer, subject to approval by the FCA. The appointment as CFO is expected to take effect from 7 February 2022 and will be for a four month period. As the appointment is on an [...]
What a day for Mike Lynch: Priti Patel to make extradition decision and £3.7bn High Court fraud ruling at 11.30am January 28, 2022 All eyes will be on the High Court today at 11.30, as a judge is due to announce his decision on a multibillion-dollar fraud case brought by Hewlett Packard over its acquisition of British software company Autonomy a decade ago. The American technology giant sued British entrepreneur Mike Lynch, Autonomy’s founder, and its former chief [...]
PM mulls tax hike U-turn as govt awaits Sue Gray’s report: ‘Boris would now do anything to survive’ January 28, 2022 While questions loom over the future of Boris Johnson’s premiership in light of an official inquiry into partygate allegations, the prime minister is reportedly wavering on controversial plans to raise national insurance. The PM is under pressure from some Tory MPs to scrap the tax hike to win back support as he awaits the findings [...]
200 Post Offices vanished within last wo years as two branches close for good every week January 28, 2022 New research shared with City A.M. this morning shows that more than 200 Post Offices have closed in the last two years, the equivalent of two a week. The study also found that 1,291 Post Offices are currently deemed “temporarily closed”, but more than half of these have been shut for more than two years, [...]
Banks say FCA is hindering innovation: Watchdog not responding quick enough to tech trends January 28, 2022 Two thirds of all UK banks and financial institutions think the City regulator, the FCA, is not responding quickly enough to new trends, thereby hindering innovation within the sector. When quizzed about the roadblocks they face, more than half said they have been held back from trialling new technologies due to a lack of formal [...]
Post-Brexit boost for the City as London takes top spot in global financial powerhouse rankings January 27, 2022 London continues to hold the top spot for financial and professional services in terms of overall offer when compared to other global destinations, including New York, Singapore, Hong Kong, Paris and Frankfurt, according to new figures published this morning. London received an overall competitiveness score of 61, followed by New York (58) and Singapore (53). [...]
Experts about record $90: Shareholders may face ‘catastrophic levels of value destruction’ if oil price drops January 27, 2022 Based on current surging prices oil giants should think twice about investing in new oil projects or they could risk wasting billions, a new report has warned. The price of Brent crude oil has increased by nearly 40 dollars (£29) per barrel in the last year, and hit 90 dollars (£66) yesterday for the first [...]
WeTransfer cancels plans for Euronext listing in Amsterdam due to ‘volatile market’ January 27, 2022 WeTransfer announces it will not proceed with its intended listing on Euronext Amsterdam due to market conditions WeTransfer’s parent company, WeRock, said this morning it has decided not to proceed with its intended initial public offering and listing of its ordinary shares on Euronext Amsterdam “due to volatile market conditions, notwithstanding the substantial investor demand [...]
