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.
Bank Holiday chaos as Tube workers prepare to strike during Queen’s Platinum Jubilee celebration May 18, 2022 Londoners might need to brace for a chaotic Bank Holiday as the union RMT announced a strike for the Queen’s Jubilee. Tube workers voted in favour of a 24-hour industrial action on 3 June at Euston and Green Park stations, which are set to be packed with people attending the Platinum Jubilee celebrations. The RMT [...]
Starmer calls windfall tax ‘inevitable’ as Tories show signs of wobbling over the levy May 18, 2022 Internal government polling has found support for a windfall tax on the profits of energy firms is “wildly” popular..
If Johnson wants a future proof economy, he needs a resilient core in all of his policies May 18, 2022 Last week, we heard plans to strengthen consumer protection, boost innovation and support the transition to net zero. The realignment with the interests of business in the UK was welcome. The government needs to reset its strategic direction and put resilience at the heart of policymaking and focus. We hear the term future proof being [...]
Windfall tax not ruled out as Sunak urges energy giants to invest in UK energy sector May 18, 2022 Chancellor Rishi Sunak refused to rule out a windfall tax on energy companies yesterday, warning that “no option is off the table."
Sunak warns energy companies ‘no option is off the table’ amid calls for a windfall tax May 17, 2022 Domestic energy companies could still face a windfall tax this year, if they fail to invest in the UK's energy sector, warned Chancellor Rishi Sunak.