London Metal Exchange faces second lawsuit this week after Jane Street sues over nickel trading fiasco June 7, 2022 New York trading firm Jane Street Capital has followed its Wall Street rival Elliot Management in filing a lawsuit against the London Metal Exchange (LME), over its decision to halt trading of nickel and cancel trades in March. The high-frequency trading firm is suing the LME for $15.3m (£12.2m), after the Hong Kong Exchanges and [...]
London fund set to lose millions following Mike Ashley’s £20m Misguided acquisition June 7, 2022 The London private equity firm that injected £50m into fast fashion retailer Misguided, in the months running up to its insolvency, is set to lose tens of millions on its investment. Alteri Investors is set to lose £20m- £30m after Mike Ashley’s Frasers Group bought the Manchester based retailer for £20m last week, according to [...]
Rowe has earned his money with the turnaround of Marks and Spencer June 7, 2022 Steve Rowe’s pay packet as he departs Marks and Spencer is, unsurprisingly, the subject of plenty of commentary. He’s walking into the sunset with £2.6m for his last year of work, a sum that set against an ongoing cost-of-living crisis in the rest of the economy will always raise eyebrows. Yet Rowe has earned every [...]
Lor’s progressive galloper can prove too strong for his Peers June 7, 2022 PROMISING New Zealand-bred galloper EXCELLENT PEERS finally came good with a convincing victory over the course and distance a fortnight ago, and it would be folly to oppose the four-year-old backing that up in division two of the Dandelion Handicap (2.45pm) over six furlongs. This son of New Zealand Classic-winning sire Jimmy Choux, never looked in danger [...]
Soft ground holds no fears for Hall’s Posh June 7, 2022 SPECTATORS attending the nine-race programme at Happy Valley in Hong Kong today will definitely need their raincoats and brollies. With heavy rain forecast for the majority of the week, plus the likelihood of thunderstorms and lightning circling the city, it would be brave to arrive at the track in a T-shirt and shorts! This forecast [...]
TfL uses 3D podcast as part of campaign against sexual harassment June 7, 2022 Transport for London (TfL) will use a 3D podcast to raise awareness about sexual harassment on the network. The public body hired podcast company Acast and media agency Wavemaker to develop the project, which will virtually place sound sources to give the listener the sense of tridimensionality. “By using spatial (3D) audio, we’ve been able [...]
Union announces three-day rail strike at end of June June 7, 2022 The RMT union announced that its anticipated rail strike will take place over three days at the end of the month. Tens of thousands of railway workers will walk out on 21, 23 and 25 June following failed negotiations with Network Rail and 13 other operators. The union announced that London Underground workers will strike [...]
EU set to introduce quota for women on company boards to boost equality June 7, 2022 The EU is gearing up to approve a groundbreaking quota for women on company boards as the continent strives for greater equality at its top companies.
British Gas boss slams rivals for not supporting plans to ringfence credit balances June 7, 2022 British Gas hits out at rival firms not backing its plans to ringfence the credit balances of customers, as part of plans to toughen up the energy sector.
Climate policies to cut carbon emissions face EU vote June 7, 2022 European ambitions to heavily cut carbon emissions over the course of the decade have been put before EU lawmakers this week.
