Mayor of London calls for register of overseas property ownership to tackle money laundering February 6, 2022 The Mayor of London has called for a register of overseas property ownership to crack down on London being used for international money laundering. Properties in the capital owned by overseas individuals and firms could be sheltering billions of pounds of undeclared funds, Sadiq Khan said. It comes as a report by cross-party MPs found [...]
Ministers wasted £200m of taxpayers’ money on cancelled vaccine order February 6, 2022 Ministers paid more than £200m of taxpayers' money as a deposit for 100m doses of a Covid vaccine which never arrived.
Kwarteng: PM’s Savile slur against Starmer was ‘perfectly reasonable’ February 6, 2022 Boris Johnson’s attacks on Sir Keir Starmer over not prosecuting Jimmy Savile were “perfectly reasonable”, according to business secretary Kwasi Kwarteng. Kwarteng said “Sir Keir himself apologised on behalf of [the Crown Prosecution Service]” for not charging the UK’s most notorious sex offender and that “the fact that he apologised suggests that he does, at [...]
Sky Bet owner Flutter sets sights on National Lottery takeover February 6, 2022 The race to take over the National Lottery, one of the UK’s most lucrative public sector contracts, is heating up in the final stretch.
No 10 liaises with Australia’s Macquarie Group over £10bn investment February 6, 2022 No 10 is in talks with Australian financial services group Macquarie over a possible £10bn investment in the UK’s infrastructure – the largest investment ever made by a foreign company. Downing Street officials have been negotiating with the bank’s management for the past few weeks, Sky News has learnt, to divide the £10bn between existing [...]
Business of Space: Is there anything slowing down space-tech investing? February 5, 2022 This week Orbex files for UK launch licence More than £100m in fresh investment for ICEYE Military eye Isotropic Systems’ landmark tech Orbex applies for licence as UK heads for landmark launches this year The countdown has begun for the UK’s first-ever launches from British soil this year, which has prompted rocket firm Orbex to [...]
Home Office ‘lacks comprehensive plan’ for Afghan evacuees in London hotel February 5, 2022 The Home Office has “a lack of a comprehensive plan” to provide Afghanistan refugees with permanent housing, according to a British evacuee. A man and his family, who were evacuated from Afghanistan after the withdrawal of US and British troops saw the Taliban capture Kabul in August, said he feels “stuck” in his London hotel [...]
Unilever should ‘seriously think about splitting’, says major shareholder February 5, 2022 One of Unilever’s largest investors has called for the consumer goods giant to split, following its failed GlaxoSmithKline (GSK) bid. Bert Flossbach, founder and chief investment officer of Flossbach von Storch, one of Unilever’s top 10 shareholders, said that the Marmite-to-Dove soap maker is too diverse, and would benefit from slimming its operations. “Unilever should [...]
Khan urges government to ‘get a grip’ on cost of living crisis February 5, 2022 Mayor of London Sadiq Khan has called on the government to “get a grip” on the cost of living crisis, after energy prices were confirmed to rise by £700 this year. A new energy price cap coming into effect in April will see customers paying an average of £700 more a year. With runaway inflation, [...]
Meet Julien Martinet: The savvy lawyer who poached an entire team from law giant Hogan Lovells February 5, 2022 Julien Martinet this week hit the headlines for leaving Hogan Lovells, one of the biggest law firms in the world, to start his own specialist litigator, Swift Litigation – and taking his entire team of lawyers with him. Martinet’s departure from Hogan Lovell’s came after former Boies Schiller Flexner partner Natasha Harrison left the New [...]
