Eni plans €2.5bn investment into UK energy sector as calls for windfall tax escalate May 22, 2022 Italian oil major Eni will spend at least €2.5bn in the UK over the next four years, amid growing calls for a windfall tax.
Atom Bank eyes US IPO in major snub to London May 22, 2022 UK digital lender Atom Bank is eyeing up a US listing in what will be a major blow to London’s efforts to promote itself as a premier destination for tech IPOs.
Zahawi: Johnson did not intervene in Sue Gray partygate report May 22, 2022 A senior cabinet minister has said Boris Johnson did not intervene in Sue Gray’s partygate report amid revelations that the Prime Minister met with the senior civil servant to speak about her investigation. Education secretary Nadhim Zahawi today said that “the Prime Minister will never intervene in Sue Gray’s investigation” and that “the Prime Minister [...]
Wall Street tips into bear market territory on recession fears May 21, 2022 Intensifying concerns about the health of the global economy has tipped Wall Street into bear market territory. The US’s top index, the S&P 500, at one point yesterday lost two per cent, ratcheting up its losses since its peak in January to more than 20 per cent, breaching the threshold for a bear market. The [...]
Partygate: ‘Sense of injustice’ among women and low-paid Downing Street staff over fines dished out May 20, 2022 There is reportedly anger among Downing Street’s low-paid female junior staff who racked up partygate fines. ITV’s political editor Robert Peston said there was a “sense of injustice” because of the 126 officials fined by the Met, they disproportionately fell on women and junior officials. He quoted a source which said most were “very junior [...]
Shares fly for THG as bidding war pushes online retailer’s value to £1.8bn May 20, 2022 Shares in the online retailer THG surge as much 25 per cent this afternoon as investors back the bidding war taking hold of the ecommerce firm. The online health and beauty retailer said that it had batted away a £2.07bn bid from two investment companies, Belerion Capital and King Street Capital Management last night. It [...]
Explainer-in-brief: The final act of No10’s Partygate? May 20, 2022 Yesterday, it was perhaps the beginning of the end of Partygate. The Met Police investigation was closed, with a final verdict of 126 fines issued to 83 people. There were no additional fines for Boris Johnson. By the end of it, the investigation – called Operation Hillman – cost £460,000. Yet we’re still waiting for [...]
Partygate: Boris Johnson shakes up No 10 ahead of final Sue Gray report next week May 20, 2022 Boris Johnson has overhauled his Downing Street operation following the conclusion of a four-month Metropolitan Police inquiry into lockdown-busting parties at the top of Government during the pandemic. Scotland Yard’s Operation Hillman was closed on Thursday with a total of 126 fixed penalties handed out to 83 people, although it was confirmed the Prime Minister [...]
Johnson to face no further fines as partygate probe ends May 19, 2022 The Prime Minister will face no further fines over the so-called 'partygate' scandal after the Met closed its investigation into Downing Street parties today, a government spokeperson confirmed.
Windfall tax would jeopardise North Sea investments argues UK’s offshore energy body May 18, 2022 The UK's leading offshore energy body has warned Kwasi Kwarteng that a windfall tax could undermine stability in the oil and gas sector.