New Look landlords lose legal battle against retailer’s restructuring plan May 10, 2021 New Look landlords have today lost their legal battle against the high street retailer’s restructuring plan. The High Court ruled against the group of landlords that had challenged New Look’s company voluntary arrangement. The retailer launched its second CVA within two years last September after its sales suffered during the coronavirus pandemic. New Look’s proposal [...]
Boris Johnson under investigation for £15,000 Caribbean holiday by MP standards watchdog May 10, 2021 Boris Johnson is under investigation by Westminster’s parliamentary watchdog for his £15,000 Caribbean holiday to Mustique with his fiancee Carrie Symonds. The Parliamentary Commissioner for Standards Kathryn Stone announced today that it was looking at Johnson’s holiday over the 2019/20 New Year period, after an initial saga over who paid for the holiday. The probe [...]
BNP Paribas urges investors to pressure politicians on climate rules May 10, 2021 Bank BNP Paribas has begun urging investors to press politicians to commit to the Paris Agreement with policy and make rules for net-zero targets. Investors are failing to chase strong climate policies, global head of sustainability at BNP Paribas Asset Management, Jane Ambachtsheer, told Bloomberg. Instead of chasing policies, however, investors should start chasing politicians [...]
Junior bankers at UBS in line for $40,000 bonus May 10, 2021 UBS will pay young bankers a $40,000 bonus when they are promoted as it looks to reward its junior employees after a gruelling year of dealmaking. The Swiss bank is set to pay the one-time bonus to global banking analysts promoted to associates on top of any regular salary increases, Bloomberg reported. It is reportedly [...]
Orange Jaguar E-Type owned by Fleet Street legend up for sale May 10, 2021 A Jaguar E-Type owned by a bona fide Fleet Street legend is to go under the hammer, with a price of £55,000 expected for the 50 year old motor. The tangerine-orange Jag was the company car of Express cartoonist JAK, a nugget of information that will drain the colour from the faces of many contemporary [...]
Missing doctor who treated Kremlin critic Navalny found after three-day search May 10, 2021 A Siberian doctor who treated poisoned Kremlin critic Alexei Navalny reappeared today after being reported missing while on a hunting trip, Russian news agencies have said. A search was launched in forests 1,370 miles east of Moscow, after Alexander Murakhovsky left a hunting base in an all-terrain vehicle on Friday. Murakhovsky left the forest himself [...]
Safestore ups earnings guidance and outlines London expansion May 10, 2021 Storage firm Safestore is expanding its London presence and has upped its full-year earnings guidance after boosting revenue in the pandemic. The FTSE 250 company will open two new London sites and expand two existing storage warehouses, it said. The sites will be in Lea Bridge, Morden, Bermondsey and a location in north east London. [...]
Musk’s comedy attempt misfires as Ethereum steals show May 10, 2021 Elon Musk's flat performance and odd attempts at humour on Saturday Night Live did not produce the moonshot Dogecoin fans anticipated.
South Africa warns of ‘vaccine apartheid’ if rich countries hog jabs May 10, 2021 South African President Cyril Ramaphosa today warned of “vaccine apartheid” if wealthy nations hogged Covid shots while millions in poor countries died waiting for them. South Africa and India have been pushing for a waiver on some intellectual property rights for vaccines and medicines at the World Trade Organization. US President Joe Biden backed the [...]
Government raised £40.8bn in green taxes in 2020, just six per cent of total May 10, 2021 The government raised £40.8bn through ‘green taxes’ last year, just six per cent of the £633bn raised through taxes overall, according to law firm Pinsent Masons. Over the last decade, the money raked in by green taxes has only risen 19 per cent which has clashed with the 53 per cent surge in taxes as [...]
