Bailey should leave the commentary to the commentators February 6, 2022 It used to be said that the Governor of the Bank of England could keep the City of London on an even keel with the slightest flicker of an eyebrow. Andrew Bailey took a different tack last week – raising the entire nation’s eyebrows with a somewhat ill-advised suggestion to the nation’s workers that they [...]
More than 1,000 London buildings require emergency fire measures including waking watches February 6, 2022 More than 1,000 buildings in London necessitate emergency measures, including security patrols, because of fire safety defects, five years on from the Grenfell Tower disaster. A total of 1,149 buildings in the capital need measures including ‘waking watches’, according to the latest data from the London Fire Brigade, which was first reported by the Evening [...]
Truss: Russian assurances they will not invade Ukraine are ‘false’ February 6, 2022 Russia’s assurances that they have no plans to invade Ukraine are “false”, according to foreign secretary Liz Truss. Truss last night warned against Russia’s “attempts to subvert and threaten” its neighbour in the wake of new US intelligence suggesting Vladimir Putin could invade Ukraine in just days. New US intelligence assessments found Russia is close [...]
Private equity firms circle embattled retailer THG February 6, 2022 Troubled e-commerce retailer THG is being circled by private equity firms for a potential buyout. Representatives from Advent International have reportedly visited the firm’s Manchester headquarters while LA-based Leonard Green is understood to have also expressed an interest. Shares leapt 16 per cent on Friday following speculation about private equity interest in a Betaville blog [...]
New data reveals the top 10 dealmakers of 2021 February 6, 2022 New data, shared with City A.M. has revealed the UK’s top dealmakers of 2021. The figures come on the back of a record year for mergers & acquisitions, which saw the completion of more than $5 trillion worth of deals. JP Morgan’s James Robinson ranked as the UK’s top investment banker, after topping MergerLink’s charts [...]
Bitcoin has flipped Facebook in market cap, but gold still out in front February 6, 2022 Bitcoin has risen above Facebook’s parent company Meta to become the world’s 10th most valuable asset by market cap.
Flybe pilots subject to “unusually aggressive” confidentiality rules as airline prepares to fly again February 6, 2022 As regional airline FlyBe prepares its return to the skies, pilots are reportedly subjected to “unusually aggressive” confidentiality rules. Recruits have claimed they were forced to sign non-disclosure agreements to avoid sharing information about working conditions, the Sunday Telegraph reported. “Pilots are key safety professionals who spend their entire careers seeking to turn the complex [...]
UK draws up plans for £6bn science programme if EU blocks entry to Horizon February 6, 2022 The UK will spend £6bn over the next three years on a new science fund if the EU continues to shut out Britain from the Horizon Europe research programme. Brussels agreed to let the UK join the seven-year €95bn (£80.4bn) Horizon programme post-Brexit, however its entry has been blocked in the wake of a row [...]
Private equity acquisitions of professional services firms up 179 per cent in 2021 February 6, 2022 Private-equity funds have increasingly begun to buy up professional services firms, as they face mounting pressure to deploy their capital quickly in the face of economic uncertainty. The number of private-equity backed acquisitions of UK professional services firms more than doubled over the previous year, from 19 in 2020 to 53 in 2021, according to [...]
Ethical brand Tony’s Chocolonely finds 1,700 child labourers in supply chain February 6, 2022 Anti-slavery chocolate brand Tony's Chocolonely has admitted that 1,700 child labourers were involved in its supply chain last year.
