Moment of truth: Jury begins deliberations over whether Ghislaine Maxwell was dangerous predator for Jeffrey Epstein December 20, 2021 Whether Ghislaine Maxwell is a dangerous predator who recruited teenagers to be sexually abused by financier Jeffrey Epstein is currently being discussed by a jury in New York City. The jury received the case just before 10pm UK time after two prosecutors and a defence lawyer delivered their closing arguments over a six-hour period. Maxwell, [...]
Exclusive: En+ chairman, former minister and MP Lord Barker on running a global energy giant December 14, 2021 The global and metals sectors look back on a number of volatile years. The global downturn, increased regulation and changing investor demands are rapidly transforming the industry. One company at the heart of this ecosystem is LSE-listed En+ Group, the largest producer of low-carbon aluminium globally and the world’s largest hydropower player, with nearly 90,000 [...]
Train operator Go-Ahead admits to ‘serious errors and failures’ as shares suspended December 9, 2021 Train operator Go-Ahead Group has seen the trading of its shares temporarily suspended as it admitted to serious errors and failures in the way it ran the Southeastern rail franchise.
Amazon’s ruthless move to block Visa credit cards forces anxious businesses to make stark choices December 9, 2021 Amazon’s recent decision to block Visa credit cards in the UK caught millions of businesses and consumers in between. As a result, many firms have some serious and fairly urgent choices to make, as industry insiders explained to City A.M. today. Amazon announced in November that it will no longer accept payments made with UK-issued [...]
Mike Ashley’s Frasers Group profits surging despite rising supply chain costs December 9, 2021 Mike Ashley’s Frasers Group has reporting surging half-year profits and forecast a jump in annual earnings despite revealing a hit for supply chain costs and pandemic uncertainty. The parent company of chains including Sports Direct, House of Fraser and Flannels reported pre-tax profits of £186 million for the six months to October 24, up from [...]
Embarrassed Royal Navy orders flagship to head home after journey from hell and loss of £100m fighter jet December 9, 2021 The aircraft carrier HMS Queen Elizabeth, with seven warships and a submarine, is on its way back to the UK after a dramatic first journey, which has been dogged by incidents including the loss of a £100m fighter jet at sea. The Royal Navy flagship set off from Portsmouth Naval Base following a visit by [...]
Brits’ travel and holiday plans crushed after fresh Omicron restrictions December 9, 2021 UK holidaymakers are ditching their foreign travel plans in response to the latest Omicron variant and newly imposed restrictions. Just 24 per cent of holidaymakers now plan to book a foreign holiday over the next 12 months, with a notable 76 per cent stating they will not be doing so, according to the latest research [...]
Tory outrage grows over Boris Johnson hastily triggering Covid Plan B amid Christmas party scandal December 9, 2021 The Prime Minister is this morning facing anger from Tory MPs after he hastily triggered a switch to his Plan B for coronavirus restrictions to tackle the Omicron variant as Downing Street was engulfed in a crisis over allegations of a rule-breaking Christmas party. Boris Johnson announced on Wednesday that work-from-home guidance will return, Covid [...]
Omicron hit to economy: New Covid restrictions may cost businesses £4bn in December December 9, 2021 The UK economy should brace itself for a £4 bn a month hit and see taxpayers foot the bill for more emergency support as new Covid restrictions to clamp down on the spread of the Omicron variant come into force, a think tank has warned. The right-wing Institute of Economic Affairs (IEA) said Plan B [...]
FCA’s boss reveals the watchdog is having a hard time signing up data and tech specialists December 9, 2021 City watchdog the FCA has revealed it is struggling to hire in-demand technology specialists. Financial Conduct Authority (FCA) chief executive Nikhil Rathi told MPs on the Treasury Select Committee that it was having to “manage the challenges” of hiring, particularly for data and technology roles. Rathi said the “hot” jobs market and moves by big [...]
