ArcelorMittal ‘awaits EU approval’ for Liberty Steel France bid June 7, 2021 The EU is currently examining steel giant ArcelorMittal’s bid for Liberty Steel’s French assets at Hayange and Ascovel, it was reported today. EU documents seen by Bloomberg show that the Luxembourg-based firm has submitted an offer for Liberty Steel France Holding SAS, which owns the assets. The deadline for the EU to give the deal [...]
Drinking around the world: Discover this fine gin from Gibraltar June 7, 2021 A former Devon-based golf pro living on an island without a golf course has created his own gin and vodka halfway between London and the tropics. Peter and Stella Millhouse run The Rock Distillery on the British Overseas Territory of Gibraltar, producing The Spirit of Rock gin and Moon Lizard vodka. “We met in the [...]
UK fraud watchdog seizes dirty money tied to nearly £500m global metal scam June 7, 2021 The UK’s fraud watchdog has seized £247k of dirty money from an account linked to Virendra Rastogi, a puppeteer in an around £493m global fraud case. Once one of the UK’s richest men, Rastogi was one of three former directors of RGB Resources convicted of running an international metal trading scam that cost banks dotted [...]
Foxtons faces yet another investor revolt over executive pay and share price June 7, 2021 Hosking Partners, which owns 11.2 per cent of Foxtons, has called for “board-level change” at the estate agent over concerns about its share price and its bosses pay. Jeremy Hosking, the boss of Foxtons’ biggest investor, wrote to chairman Ian Barlow to outline his dissatisfaction, the Times first reported. Hosking expressed frustration about the [...]
4 in 10 small businesses will struggle to pay Covid loan repayments, research shows June 7, 2021 Nearly 40 per cent of small businesses could be at risk of closure when repayments of the government’s Bounce Back Loan Scheme start this month. Of the businesses surveyed by Mazuma Accountants, 39 per cent said they will struggle to meet payments, while more than a quarter are downbeat about how their firm will fare [...]
Sterling recovers ground despite worry over 21 June reopening date June 7, 2021 Sterling recovers ground despite worry over 21 June reopening date
China blocks crypto social media accounts amid crackdown June 7, 2021 A string of cryptocurrency-related social media accounts have been blocked in China as Beijing stepped up its crackdown on bitcoin trading and mining. Over the weekend access was blocked to a number of widely-followed accounts on Weibo — the country’s equivalent of Twitter — with a message saying they “violate laws and rules”. Further action [...]
Boris Johnson says ECB should not have suspended cricketer Ollie Robinson June 7, 2021 The English Cricket Board should not have suspended Ollie Robinson for a series offensive tweets sent when he was a teenager, according to Boris Johnson and culture and sports secretary Oliver Dowden Dowden said today that Robinson’s tweets were “offensive and wrong”, but that the ECB “has gone over the top by suspending him” as [...]
Chase away the blues with a glass of delicious… blue wine June 7, 2021 This Saturday is National Rose Day, but perhaps it’s time to get a bit more adventurous and celebrate with something blue instead? You see, there are more than 900 vineyards in the UK but only one makes dry sparkling blue wine… Adgestone Vineyard on the Isle of Wight, among the oldest continuously operating vineyards in [...]
Sportswear start-up Prevayl scores £7.5m investment as market picks up pace June 7, 2021 Manchester sportswear start-up Prevayl has scored £7.5m in pre-revenue to stitch together its ‘intelligent sportswear’ collections as the UK sportswear market continues its strong pace. The investment has been made by consumer brand investment firm Stonebridgesignals good faith in the UK sportswear market which is expected to grow 20.9 per cent by 2023, reaching £6.7bn [...]
