Media mogul Conrad Black reportedly set to back US bid for The Telegraph September 12, 2024 Lord Conrad Black, the media tycoon who owned The Daily Telegraph for nearly two decades, may be set to return to the British broadsheet. Black has been floated as a potential backer of a bid for The Telegraph, led by Dovid Efune, owner of The New York Sun, according to Sky News. One insider suggested [...]
Revolut founder Storonsky saw ‘up to £230m’ windfall in employee share sale September 12, 2024 Revolut's billionaire founder and chief executive Nik Storonsky reportedly sold up to $300m (£230m) worth of his stake in the fintech during an employee share sale last month.
Teenager arrested after major TfL cyberattack September 12, 2024 The NCA said a 17-year-old has been detained on suspicion of breaching the Computer Misuse Act in relation to the September attack.
City minister pledges to work ‘together’ with private equity as tax hike looms September 12, 2024 The City minister pledged to work “together” with the private equity industry today but steered clear of mentioning a looming tax hike which could put the sector on a collision course with the Treasury. In a speech at the British Private Equity and Venture Capital Association’s (BVCA) annual summit, Tulip Siddiq said private capital would [...]
Renters’ Rights Bill: What is it and what does it mean for the market? September 12, 2024 Labour’s Renters’ Rights Bill, which landlord groups have said will be the biggest change in the sector for over thirty years, entered parliament this week. Legislation will be introduced “to give greater rights and protections to people renting their homes”, including removing no-fault evictions, tightening housing standards and loosening rules on pet ownership, King Charles [...]
Transport for London: Bank account details may have been stolen in cyberattack September 12, 2024 TfL said personal data, including names, home addresses and possibly bank details were stolen as part of a major cyber attack earlier in September.
New Boots UK boss named after Seb James’ departure and aborted IPO September 12, 2024 Anthony Hemmerdinger has been appointed managing director of Boots UK and Ireland only months after the high street pharmacy chain’s US parent company once again shelved plans to sell or list the business. Current managing director Seb James, who has run the company since 2018, will pursue a new role in the healthcare sector. Hemmerdinger [...]
UK government says data centres are now Critical National Infrastructure September 12, 2024 The UK government has officially designated data centres as Critical National Infrastructure (CNI), as it looks to further boost investment in the UK’s critical hubs of digital information. With this new status, data centres will receive extra government support to protect crucial data, including NHS records, financial information, and personal smartphone data against major incidents [...]
ECB cuts interest rates again as inflation continues to ease September 12, 2024 Despite the cut, interest rates remain in restrictive territory in the eurozone, meaning monetary policy is still bearing down on inflation and slowing growth.
Plans unveiled for major 54-storey skyscraper in the City of London September 12, 2024 Proposals for a new 240-meter-tall office building in the City of London’s eastern skyscraper cluster have been submitted for planning approval. The 54-storey 99 Bishopsgate scheme, filed earlier this week by developer Brookfield Properties, represents a key development in the Square Mile’s skyscraper boom as the area around Bishopsgate and Gracechurch Street undergoes a transformation [...]
