Musk calls for Twitter takeover trial to be delayed over whistleblower claims September 7, 2022 Elon Musk's legal team have called for the trial over the $44bn takeover of Twitter to be delayed, citing recent whistleblower claims about the company's practices.
Rail unions have mixed reactions to Trevelyan’s appointment September 7, 2022 Rail unions have had mixed reactions to yesterday’s appointment of Anne-Marie Trevelyan as new transport secretary. The union RMT has called on Trevelyan to adopt a fresh approach to rail disputes, facilitating discussions between workers and companies. “There is clearly now the opportunity for a new approach from the government to facilitate discussions between the [...]
Russia ratchets up tensions with the West as it calls for grain deal to be reopened September 7, 2022 Grain deliveries from Ukraine in jeopardy after Russian President Vladimir Putin called for its deal with the West to be reopened.
Brits benefit from £27bn in tax relief incentives but warned trend is slowing September 7, 2022 Brits benefited form tax incentives to the tune of £27bn last year, but a warning has been aired about the trend slowing. Numerous schemes are available to savers and investors, with the biggest gains being income tax relief on pension contributions, at a staggering £22.5bn, while relief on ISAs reached £3.7bn. However, the figures from [...]
Squire Patton Boggs bolsters London bankruptcy practice in preparation for worsening economic climate September 7, 2022 US law firm Squire Patton Boggs has bolstered its London bankruptcy team in anticipation of worsening economic conditions. The law firm said it had poached five restructuring and insolvency lawyers from rival Brown Rudnick, including Charlotte Møller, the head of the firm’s EU bankruptcy practice. The hires come as Squire Patton Boggs said it anticipates [...]
GB Group shares surge as it confirms takeover interest September 7, 2022 Shares in software firm GB Group surged today as it confirmed a potential takeover swoop from US private equity firm GTCR, making it the latest British tech firm to fall into the sights of a foreign buyer.
Kwarteng tells City chiefs that UK borrowing must increase to pay for energy package September 7, 2022 Kwasi Kwarteng has today told City chiefs that short-term UK borrowing must increase to pay for a £100bn+ energy package, but that “fiscal discipline” will return soon. The new chancellor said in a meeting with financial services executives that the government is “committed to taking decisive action to help the British people now”, but that [...]
Almost half of Brits stop saving and paying into pension due to short-term money problems September 7, 2022 Almost half of Brits have stopped saving, investing and paying into pensions because of short-term financial pressures. With soaring inflation, rising interest rates and an impending increase in energy bills, 46 per cent of those polled by NerdWallet say they’ve cut back on long-term money planning. Among those who are cutting back, 43 per cent [...]
New housing secretary must ease rental supply crisis, say UK landlords September 7, 2022 The new housing secretary’s first port of call must be to ease the rental housing supply crisis in the UK, according to a national body of landlords today. Freshly appointed Conservative party leader and prime minister Liz Truss yesterday outlined her cabinet, posting Simon Clarke as housing secretary. Chief executive of the National Residential Landlords [...]
Amid ‘hostile takeover’ bid M&C Saatchi reports 52 per cent profit increase before tax September 7, 2022 Advertising giant M&C Saatchi reported a near 10 per cent increase in revenue and 52 per cent rise in profit before tax from last year, despite the ongoing drama of its hostile takeover. The London-listed creative company increased its headline operating profit margin by 14 per cent. M&C Saatchi had almost £40m in net cash, [...]
