City law firm fined £25k for blocking football club transfers November 1, 2021 City law firm Mishcon de Reya has been fined £25,000 for allowing multi-million-pound payments to be made through its client account to agents involved in football transfers.
Grant Thornton and partner fined over £750,000 over Interserve audit failings November 1, 2021 Grant Thornton has been fined over £700,00 by UK regulator Financial Reporting Council (FRC) for audit failings at Interserve, a British multinational construction business which collapsed in 2019. The fine comes just over a month after the FRC issued another sanction, of £2.3m, on the accounting giant for a “serious lack of competence” in the [...]
Publicans loaned £138m to own businesses in battle for survival November 1, 2021 Pub owners injected £138m in loans to their own businesses to keep them afloat during the pandemic. Private equity investment firm Growthdeck found that some 1,730 UK pubs and bar companies ran so short of cash last year that their directors had to make loans to them from their own personal resources. As hospitality venues [...]
Which City is it again? CNN reporter appears to confuse Edinburgh with Glasgow in COP26 tweet November 1, 2021 CNN reporter, Wolf Isaac Blitzer, has been criticised on social media for posting a tweet about COP26 in Edinburgh when the conference is being hosted in Glasgow, Scotland.
Bitcoin in celebratory mood as a big week ahead looms for financial markets November 1, 2021 Bitcoin itself is up two per cent over the last 24 hours to just above the £62k mark, while Ethereum is also up 1.5 per cent to just above $4,300.
Diesel prices set spooky new record on Halloween November 1, 2021 Diesel prices across the UK have hit 147.94p on Halloween, setting a scary new record after surpassing April 2012’s record of 147.93p. Data from British automotive service company RAC have revealed that prices for a litre of diesel have gone up 30p in a year, with costs for a full tank hiking from £65 to [...]
BT hits cost savings target 18 months early November 1, 2021 BT said this morning it had delivered on its cost saving programme 18 months ahead of a March 2023 target, driving its shares up 6%.
Landsec to buy property rival U+I for £190m November 1, 2021 Property giant Landsec has announced it will buy the property regeneration firm U+I for £190m. Mark Allan, chief executive officer of Landsec, said the acquisition would mean a bolstered focus on developing “world-class mixed-use communities that inspire and create opportunity.” The 149-pence-per-share offer for U+I represented a premium of 73.3 per cent to the stock’s [...]
Causing ‘psychological harm’ to be added to the Online Safety Bill November 1, 2021 Online abusers could face two years in prison for sending messages or posting content that causes psychological harm under the new parliamentary bill.
Jes Staley leaves Barclays: CEO exits bank after shock report on Epstein links November 1, 2021 Embattled Barclays chief Jes Staley has left his post over his ties with with late convicted sex offender Jeffrey Epstein. Staley will leave his role as chief executive of the bank with immediate effect after a probe into his links with Epstein suggested he mischaracterised the relationship to his employer and UK regulators. The bank’s [...]
