More the merrier: Eurostar boss shrugs off Spanish rail operator eyeing Channel Tunnel October 31, 2021 Eurostar boss Jacques Damas has shrugged off Spain running services through the Channel Tunnel, saying that red tape will hold back rival rail operators from emerging. The owner of the tracks, HS1, however, has begun holding talks with a number of foreign train operators in a bid to attract them to the UK for rival [...]
PE group in talks to sell Racing Post owner for up to £500m October 31, 2021 Spotlight Sports Group, the media entity that owns British horseracing the Racing Post, is reportedly heading towards a £500m sale at auction, as its private equity owner looks to cash in on the growing capital tied to sports betting data. Exponent Private Equity, which scooped up the horseracing publication in 2016, has begun talks with [...]
Trainee lawyers clocking off at 11.30pm on average, survey shows October 31, 2021 New data shows that US law firm Kirkland & Ellis has an average finishing time of 11.30pm for its trainee solicitors.
COP26: Prince Charles warns governments alone cannot prevent climate crisis October 31, 2021 Prince Charles has warned governments need the support of the private sector to prevent the climate crisis. Writing in the Sunday Telegraph, His Royal Highness said “we need trillions of dollars of investment every year” to limit global warming to 1.5C. “Governments alone cannot muster those sorts of sums. But the private sector can, working [...]
Heathrow third runway dealt deadly blow after top shareholder pulls investment October 31, 2021 Plans to build a third runway at Britain’s busiest airport Heathrow have been scuppered after its top shareholder signalled it will choke off further investment. Spanish transport firm Ferrovial dealt a deadly blow to the Heathrow expansion by signalling it will not plough more money into the airport due to it yielding “low returns”. The [...]
HS2 blamed for shortage in construction industry’s key concrete supplies October 31, 2021 Builders have blamed HS2 for hoovering up key construction supplies before ordinary customers can get to them, resulting in industry-wide concrete shortages and rising prices. The UK’s flagship rail project is exacerbating global supply chain issues caused by a HGV driver shortage and international shipping delays, construction firms have warned. As a results, builders working [...]
UK sends £50m in humanitarian support for Afghans living under the Taliban October 31, 2021 The UK has sent £50m in humanitarian support for Afghans living under the Taliban today, as part of the £286m aid package it announced in September. The funds will be pumped into UN agencies and the International Committee of the Red Cross, after NATO withdrew the final forces from Afghanistan two months ago this week. [...]
Ex-Bank of England governor warns transition to net-zero will not happen ‘overnight’ October 31, 2021 A former governor of the Bank of England has warned gearing the UK toward a greener economy will not happen overnight. Speaking to the Mail on Sunday, Mark Carney, who headed the Old Lady between 2013 – 2020 said “It would be great if we could flip a green switch overnight… we can’t.” Carney, now [...]
Saudi Aramco’s lofty $30bn profits boosted by high oil prices October 31, 2021 Saudi Aramco has reaped the rewards of higher oil prices, having pulled in more than $30bn in net income in its third quarter. The earnings have surged an eyewatering 158 per cent – its highest income since listing on the Saudi stock exchange in 2019 – in comparison with the same period last year, when [...]
Activist investor Cevian amps up pressure on Pearson, one year in to new CEO’s overhaul October 31, 2021 Activist investor Cevian Capital has built up its stake in the world’s largest education company Pearson, a year after new chief executive Andy Bird joined with a promise of a “new era” for the beleaguered group. The Swedish investor is now Pearson’s second largest shareholder, indicating it plans to heat up pressure on the publisher [...]
