Boeing admits its software caused Ethiopia 737-Max crash but refuses to pay families a penny November 11, 2021 Boeing has reached a settlement with the families of 157 people killed when a 737-Max aircraft crashed in Ethiopia in March 2019. The plane manufacturer has accepted responsibility for Ethiopian Airways flight 302 losing control shortly after take-off from Addis Ababa Bole International Airport. The plane crashed into a nearby town. There were no survivors. [...]
Credit management veteran reflects on the pandemic: ‘Have you had a good crisis?’ November 11, 2021 Colin Storrar, the CEO of Lowell, one of the UK’s largest credit management companies, returns my question with a question, or rather a series of questions, when asked about his priorities since the first national lockdown was announced. “How have you treated your people this crisis? Have you thought about their work environment? Have you [...]
Tesla shares go up after Musk’s Twitter-induced $5bn offload November 11, 2021 Tesla shares have gone up as chief executive Elon Musk sold $5bn of his stocks following a Twitter poll. The car maker’s shares have increased by 3.3 per cent to $1,103.40, recovering from a slump suffered earlier this week, when they closed 5 per cent lower on Monday compared to the previous Friday. Market shares [...]
Dead cash: Over £230bn in millions of UK life insurance policies at risk of going unclaimed November 11, 2021 Over £230bn worth of life insurance policies is at risk of going unclaimed in the UK, according to new data shared with City A.M. this morning. Millions of widows and widowers or child beneficiaries could be missing out on billions in life insurance payouts, as nearly one fifth (18 per cent) of Brits had not told their [...]
‘Appalling’: New law may force judges to impose ‘unjust’ sentences, warns former lord chief justice November 11, 2021 A former lord chief justice has warned judges could be made to impose sentences they believe to be unjust under Government changes, a situation he said would be “appalling”. It comes as peers continued their line-by-line scrutiny of the Police, Crime, Sentencing and Courts Bill. The Government is seeking to ensure that judges depart from [...]
Steven Gerrard will most likely become Aston Villa’s new manager November 11, 2021 Steven Gerrard is looking increasingly likely to be appointed as the new manager of Aston Villa in place of Dean Smith, who was sacked on Sunday. Bookmakers including William Hill have suspended betting on the 41-year-old Rangers boss, who has reportedly made up his mind to move back south of the border. Gerrard, who has [...]
What everyone warned for is now a fact: Supply chain woes are slowing UK economic growth November 11, 2021 The ONS said this morning that UK economic growth slowed sharply between July and September. The official figures show this is largely due to the ongoing supply chain problems. The economy expanded by 1.3 per cent between July and September, down from growth of 5.5 per cent in the previous three months. The ONS said [...]
New vaccine policy comes into force: Tens of thousands of care home staff unable to work from today November 11, 2021 As the government’s jab policy kicks in from today, tens of thousands of care home staff who have not had both coronavirus vaccine doses will be unable to legally work in care homes. Staff working in registered care homes in England must have had both jabs to continue in their role from Thursday, unless they [...]
WH Smith hails ‘good start’ to the year despite loss of £104m November 11, 2021 Retailer WH Smith has hailed a “good start” to the new financial year amid a continued recovery in its travel stores. It came as the company reported a group pre-tax loss of £104m for the year to August, reducing its losses from £226m last year. Meanwhile, total revenues for the year dropped by 13% against [...]
Only 37 properties on estate agents books: Lack of homes is pushing up house prices November 11, 2021 Despite an overall net balance of 10 per cent of property professionals reporting an increase in new buyer inquiries, estate agents only have 37 properties on their books on average, down from around 42 in March, the Royal Institution of Chartered Surveyors warned this morning. A growth in inquiries from house-hunters in October is yet [...]
