Architectural feat: Latest HS2 Euston station designs unveiled November 30, 2022 The latest designs for the new HS2 Euston station have finally been unveiled to the delight of many architecture enthusiasts. The new designs will be subjected to feedback from the local communities. Due to be completed between 2031 and 2036, the £2.6bn station will expand across three levels, with a 300 metre-long concourse – the [...]
Home REIT and short seller trade barbs as share price tumbles November 30, 2022 Social housing investor Home REIT has hit back at short seller Viceroy Research today after the investor launched an attack on the quality of charity tenants in its portfolio.
BDO partners see payouts drop following £70m hiring spree November 30, 2022 BDO’s managing partner today said the firm will continue investing in long-term growth after partners saw their payouts drop 15 per cent as the result of a £70m spending spree. Speaking to City A.M. Paul Eagland also refused to rule out a firm-wide split as he signaled BDO may follow EY in separating its audit [...]
Boss at Mayfair hedge fund TCI gets £575m dividend – but it won’t go in his pocket November 30, 2022 The boss at a Mayfair hedge fund management company has been given more than a half-a-billion dividend, which will be reinvested in companies it runs. Sir Chris Hohn of TCI Fund Management gave himself £575m after a rise in profits, but it is understood it won’t be going into his bank account, according to The [...]
Brexit has contributed to UK inflation crisis, BoE’s Pill claims November 30, 2022 Brexit is partly to blame for UK inflation surging to a 41 year high and engineering a recession, the Bank of England’s top economist claimed today. Speaking at an event hosted by the Institute of Chartered Accountants, Huw Pill said worker shortages in Britain had been “met by the inflow” of EU migrants while the [...]
FTX, LUNA, Celsius, et al – a post-mortem November 30, 2022 Dr Chris Kacher checks the health report of some deeply troubled crypto platforms as he lauds the inevitability of the metaverse.
Green push: Airbus develops first ever fuel cell engine as it launches electric battery partnership November 30, 2022 Airbus has announced the development of its first ever fuel cell engine on the same day it partnered with French car maker Renault to develop electric batteries for aviation and automotive. The fuel cell engine is one of the several technologies being considered for the development of a hydrogen-fuelled aircraft, which Airbus wants into service [...]
Mattress seller Emma probed by watchdog after discount urgency concerns November 30, 2022 Competition regulators are probing mattress seller Emma Sleep after concerns some of its online sales practices could be falling foul of consumer law. The sleep wellness brand is being investigated for potentially misleading shoppers by its use of countdown timers, with concerns of false warnings that a discounted price will end soon. A probe into [...]
Private bank Julius Baer fined £18m over ‘corrupt’ dealings with Yukos Oil November 30, 2022 The UK’s financial watchdog has fined private bank Julius Baer more than £18m over its “corrupt” dealings with Russian oil company Yukos Group. The UK’s Financial Conduct Authority (FCA) today fined Julius Baer’s international business £18,022,500 and sanctioned three of its executives, over the private bank’s use of third-party agents in carrying out business with [...]
H&M slashes 1,500 jobs as shoppers pull back on fashion spending November 30, 2022 The world’s second largest fashion retailer has announced a wave of lay-offs as the apparel sector grapples with weakening demand from shoppers. The Swedish apparel giant said around 1,500 job cuts come as part of a plan set out earlier this autumn to save around 2bn Swedish crowns (£160m) each year. “We are in a [...]
