Met has sent out 100 questionnaires in its Number 10 ‘partygate’ investigation March 21, 2022 The Metropolitan Police has sent out 100 questionnaires during its ongoing investigation into the Number 10 partygate scandal. The police today said it had been begun interviewing witnesses, however no fixed penalty notices have been given out. Outgoing Met commissioner Cressida Dick launched an investigation into the saga in January, with the police looking into [...]
City A.M. Awards 2022: Entrepreneur of the Year March 21, 2022 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
The Nuclear Option: Ministers weigh up state company as Sunak doubts UK energy strategy March 20, 2022 Government ministers are mulling over plans to launch a state-owned nuclear company while Suank questions power plant ramp-up.
Gazprom chases buyers amid mass exodus March 20, 2022 The British arm of Kremlin-backed gas giant Gazprom is scrambling to find buyers to prevent its collapse with customers fleeing the company.
Saturday Sitdown: Soho Housing’s chief on why ‘we need to rethink the way we use central London’ March 19, 2022 Insurance giant Admiral recently warned that nearly nine out of ten Londoners can no longer afford the average cost of rent in the capital. The demand for rooms to rent is much higher than the available supply, thereby leading to such increases that most Londoners cannot keep up with, the company cited as the main [...]
P&O lays off 800 people following £100m loss March 17, 2022 Ferry operator P&O Ferries confirmed today it is laying off 800 members of staff after the pandemic caused the company to post a £100m loss year-on-year. “Our survival is dependent on making swift and significant changes now,” said a company spokesperson. “Without these changes there is no future for P&O Ferries. Staff will receive compensation [...]
North Sea round-up: Harbour Energy announces cash bonanza while Shell keeps Cambo stake March 17, 2022 Harbour Energy, the biggest oil and gas producer in the UK North Sea, has revealed it should generate up to $1.7bn (£1.29bn)
Eurozone inflation hits fresh record high heaping more pressure on ECB to move quicker March 17, 2022 Prices are rising at the fastest rate on record in the Continent in a further sign the European Central Bank (ECB) will have to rein in policy quicker than expected. Inflation among the bucket of countries using the euro climbed to 5.9 per cent last month, up marginally from 5.8 per cent in January, the [...]
Think tanks call for government to ensure secure gas supplies as market crisis deepens March 16, 2022 Think tanks call on government must ensure gas supplies are resilient this winter following Russia's invasion of Ukraine and spiking wholesale costs.
Retail investors spooked as equity sell-off continues March 16, 2022 Retail investors have shunned US stocks in the past week as a bargain-hunting frenzy began to falter amid a continuing slide in equity markets.