London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Bank of America bets on Singapore as Hong Kong curbs lead to ‘brain drain’ April 21, 2022 Bank of America is reportedly shifting some of its dealmakers from Hong Kong to Singapore, as Beijing’s touch stance of Covid-19 muddies the water in the financial hub. Dominic Tan, co-head of Asia consumer and retail investment banking, and Anastasios Pefanis, who head’s the equity capital markets syndicate in the Chinese city, are among top [...]
Retail hesitancy: Online sales drop as shoppers feel pinch of rising inflation April 21, 2022 Online shoppers are spending less as the cost of living crunch starts to bite across the world, and consumers have turned to BNPL services to continue purchasing. Global digital sales have dropped three per cent year-on-year, the first recorded drop in nine years of tracking by Salesforce. The firm’s shopping index shows a drop in [...]
Coastguard inspects another two P&O ships as company hopes to set sail soon April 21, 2022 The Maritime and Coastguard Agency (MCA) announced today it was inspecting another two of P&O’s ships as the company hopes to resume normal operations soon. MCA agents said they were inspecting the European Highlander, which operates on Northern Ireland to Scotland routes, and the Norbay, which serves Liverpool to Dublin. “Our surveyors are carrying out [...]
PensionBee buzzes onto London’s top market as boss calls for rules reform April 21, 2022 The boss of fintech PensionBee has called for a swathe of reforms to London’s capital markets today in order to boost the growth of newly-listed tech firms, as the firm marks its shift onto London’s flagship market.
Elon Musk’s empire on a roll: Tesla reaps record profits as The Boring Company raises £515m April 21, 2022 Elon Musk’s empire seems to be on a roll, as Tesla wins the hearts of drivers looking to go green and his infrastructure business The Boring Company catches the eyes of investors. The Boring Company has raised $675m (£516m) in its latest funding round, Musk announced today, bringing the valuation to $5.7bn. The series C [...]
FCA seizes £2m from QPay over links to $150m US payment fraud case April 21, 2022 The UK's financial watchdog has seized millions of pounds from QPay believed to be the proceeds of illegal activity.
New wave of UK sanctions targets Russia’s war machine April 21, 2022 Vladimir Putin’s war leaders have become the latest target of UK sanctions. 26 individuals have been hit with restrictions in wake of Russia’s renewed assault on the eastern Ukrainian regions of Donetsk and Lushank. Among those targeted are Lt Colonel Azatbek Omurbekov, a Commanding Officer in the Russian Army with involvement in the ‘Bucha massacre’. [...]
Goldman Sachs cosies up to FTX at Caribbean meeting April 21, 2022 The chief executive of Goldman Sachs met the founder of crypto exchange FTX to discuss establishing links between the firms.
EG Group to create 22.7k UK jobs by 2026 as Issa brothers’ food service arm swells April 21, 2022 Petrol forecourt operator EG Group has said it will create some 22,700 jobs in the UK in the next four years. The billionaire Issa brothers’ company has said it will provide some 32,000 jobs across the world over the next few years, thanks to investment in its foodservice arm. Jobs will be created across EG’s [...]
UK lifts cap on court days for second year in a row to cut Crown Court backlog April 21, 2022 The UK government has lifted the cap on the number of days Crown Courts are allowed to sit for the second year in a row, as it struggles in its efforts to cut the Crown Court backlog. The Ministry of Justice (MoJ) said there will be no limit on the number of days judges are [...]
