Lloyd’s of London prepares to fight over picking the tab up for $10bn Russian-seized planes May 2, 2022 Lloyd’s of London and aircraft lessors are reportedly going to war over who needs to pick up the tab after more than 400 foreign-leased planes were seized by Moscow following the invasion of Ukraine. Sources told the Telegraph Lloyd’s of London has hired global law firm Clyde & Co to investigate whether insurance claims made [...]
War in Ukraine: UK says Russian ‘troll factory’ is ‘plaguing’ social media with pro-war propaganda May 2, 2022 The Kremlin has is using a “troll factory” to “plague” social media with pro-war propaganda, the foreign office has claimed after new research. A UK-funded study claimed the Kremlin has acquired “cyber soldiers” to target UK politicians and spread “lies” on social media, about the war in Ukraine. According to a statement from the foreign [...]
Man dies after being stabbed near St Paul’s Cathedral May 2, 2022 A man has died after being stabbed late on Sunday night near St Paul’s Cathedral, the City of London Police have confirmed. The unnamed victim was attacked just before midnight on Gresham Street, and was given CPR by paramedics. He was taken to the Royal London Hospital in Whitechapel, but later died of his injuries. [...]
Passport delays could cost £1.1bn in cancelled summer trips May 2, 2022 Delays in the processing of UK passports could cost £1.1bn in cancelled summer trips, according to a research published today. Data from the Centre for Economics and Business Research (Cebr) has forecast a 50 per cent probability of timely renewals, with around one million holiday goers facing cancellations. “Assuming that passport holders are somewhat more [...]
Russia’s war: Kremlin targets western-supplied weapons and Ukraine’s grain, as EU energy officials hold emergency meeting May 2, 2022 Russia has been targeting western-supplied weapons in Ukraine and Kyiv’s grain supply, as EU energy ministers hold emergency talks. The Kremlin reportedly targeted weaponry supplied to Ukraine by the United States and European Union this week, with Moscow’s defence ministry saying it used high-precision missiles against the airfield in Odessa. Russia also said it had [...]
Issa brothers mull petrol empire sale as Asda owners eye Boots bid May 2, 2022 The billionaire brothers behind the blockbuster Asda takeover are reportedly in talks to sell their petrol forecourt business for some £12.bn. Zuber and Mohsin Issa are thought to be considering a proposal for Boots, with the high street chemist’s US owners hoping for a £7bn price tag. A sale of EG Group would unlock billions [...]
Virgin Atlantic accuses Heathrow of ‘cynically’ downplaying recovery to increase fees May 2, 2022 Virgin Atlantic has accused Heathrow of “cynically” downplaying its recovery to increase passenger fees. “With remaining UK travel restrictions now removed, Heathrow is set to be the busiest airport in Europe this year,” a Virgin Atlantic spokesperson told aviation website Simpleflying today. The airline accused the London-hub of “seeding doubt in the strength of demand” [...]
Week ahead: Wall Street and City eye central bank rate decisions May 2, 2022 Traders in the City and on Wall Street will be eyeing how much their respective central banks hike interest rates by in a week of key economic and corporate announcements. London’s premier FTSE 100 index posted a reasonable performance last week, adding 0.3 per cent to finish at 7,544.55 points, while the domestically-focused mid-cap FTSE [...]
Boris Johnson mulls a new Right to Buy scheme as housebuilding hits the curb May 2, 2022 Prime minister Boris Johnson is reportedly mullinh plans to bring in a new Right to Buy scheme, inspired by Margaret Thatcher, amid reports housebuilding has hit the curb. The plans seek to target “generation rent”, those whose hopes of owning a home have fallen increasingly out of reach despite being ‘of age’ to buy. [...]
Andy Murray joins Rafa Nadal and Novak Djokovic, saying: I don’t support Wimbledon’s ban on Russian and Belarusian players May 2, 2022 Former Wimbledon champion Andy Murray is “not supportive of players getting banned” because of the war in Russia. The tennis star came out against the decision, calling the UK government’s guidance “not helpful”. This comes after the All England Club, which runs the tournament, banned Russian and Belarusian players, citing the Kremlin’s invasion of Ukraine. [...]
