Kremlin threatens legal action if Russia is forced to default on sovereign debt April 12, 2022 The Kremlin has threatened to sue Western countries if they try and force Russia to default on its sovereign debt. In an interview with Russian newspaper Izvestia, Russian finance minister Anton Siluanov said Russia had “taken all necessary steps” to pay its creditors, after the US Treasury blocked the country from paying its bond holders [...]
Car rentals double this month amid Easter travel chaos April 12, 2022 Car rentals have doubled ahead of Easter weekend, as Brits come up with alternatives while travel disruption wreaks havoc among the country’s transport network. According to data from Volkswagen Financial Services UK (VWFS), rentals on online platform Rent-a-Car have gone up 148 per cent on last year. “Lots of people have been waiting a long [...]
UK invests £7.6m in rail innovation competition April 12, 2022 The UK Government announced today it will invest £7.6m in rail innovation competition First of a Kind. A joint venture between the Department for Transport (DfT) innovation agency Innovate UK, the competition aims to find new ways to innovate the railway sector, focusing especially on decarbonisation solutions. This year, First of a Kind will focus [...]
Accounting watchdog launches probe into Deloitte’s auditing of Go-Ahead April 12, 2022 The UK’s accounting watchdog today launched an investigation into Deloitte’s audit of public transport company Go-Ahead Group, after the UK government fined the firm £23.5m for its failures in running Southeastern rail service. The Financial Reporting Council (FRC) said its investigation will focus on Deloitte’s audits of Go-Ahead’s accounts over a six-year period covering the [...]
London stocks most favoured by European money managers April 12, 2022 London stocks are the most sought after on the Continent, boosted by the City’s heavy weighting toward “old-economy” shares. European money managers are planning on snapping up UK equities, according to a survey published today by Bank of America. The FTSE 100 is heavily geared toward oil and mining companies, known as “old-economy” shares for [...]
Gunman on the run after injuring 13 on New York subway April 12, 2022 Thirteen people have been injured, including five who were shot at a New York subway station, police have said. Armed emergency services cornered off the area around 36th Street subway station in Brooklyn on Tuesday, after reports of an active shooter injuring multiple people. According to the New York Times, the victims were shot on [...]
London lawyer denies charges of tipping off client ahead of money-laundering probe April 12, 2022 A City of London solicitor, accused of forging a legal letter and tipping off a client about a money laundering investigation, is set to stand on trial after denying both counts. William Osmond, founder of City of London law firm Osmond Solicitors, entered not guilty pleas on one count of forgery and one count of [...]
Glencore and General Motors broker cobalt deal as metal rush intensifies April 12, 2022 Glencore and General Motors (GM) has announced a multi-year sourcing agreement for cobalt supplies to bolster supply chains between both companies.
London fintech Stenn bags $50m as it looks to fill funding gap for trade SMEs April 12, 2022 A London based financing fintech has bagged a $50m injection today as it looks to fill a funding gap for smaller trade-focused firms.
Partygate fines: Bookies slash odds for Boris Johnson to go as PM, Rishi Sunak to succeed him April 12, 2022 Bookies have cut odds for Boris Johnson to leave Number 10 and Rishi Sunak’s bid to succeed him, after they were both fined over partygate. The Prime Minister and Chancellor have come under renewed pressure today after the Metropolitan Police announced duo were issued with fixed penalty notices for lockdown breaches. Betting giant Ladbrokes slashed [...]
