Louise Haigh quits as transport secretary after admitting to fraud conviction November 29, 2024 Louise Haigh has resigned as transport secretary after admitting pleading guilty to a criminal offence tied to her incorrectly telling police that a work mobile phone was stolen in 2013. Downing Street said Swindon South MP Heidi Alexander had been appointed to replace her. Haigh said in a letter to prime minister Keir Starmer on [...]
Peel Hunt swings back to profit despite Budget hit to dealmaking November 29, 2024 City broking group Peel Hunt said it swung back into profit in the first six months of its financial year today despite the Budget weighing on dealmaking in the City. In its half year results, the London listed investment bank posted a pre-tax profit of £1.2m, a 250 per cent rise on the £800,000 loss [...]
Retailers pin hopes on Black Friday and Christmas after footfall tumbles November 29, 2024 The holiday season could bring much more than some festive cheer this year.
London Stock Exchange takeover bonanza tops £50bn November 29, 2024 This year's barrage of takeover bids for firms lsited on the London Stock Exchange has jumped to £52bn, igniting fears over the future of Britain's equity markets.
City minister warned FCA ‘several times’ over name and shame plans November 29, 2024 The City minister said she warned the Financial Conduct Authority (FCA) “several times” that its controversial ‘name and shame’ rules could harm companies before the regulator moved to water down the plans. Following intense criticism from firms and ministers, the regulator confirmed on Thursday that it would soften plans to publicly name companies facing investigation [...]
Typhoo Tea rescue deal eyed up by vapes giant Supreme November 28, 2024 Supreme, which sells products such as vapes and vitamins, is eyeing up a rescue deal for Typhoo Tea after the 120-year-old brand collapsed into administration. Greater Manchester-headquartered Supreme has confirmed it is “currently participating in a process regarding the potential acquisition” and added that discussions are at ‘an advanced stage”. However, the company said that [...]
New £1bn South Western Railway fleet to launch after just five years of delay November 28, 2024 The Arterio trains are five years behind schedule due to a protracted dispute with unions over its safety, and a number of seperate faults.
Art on the Underground Unveils a New Permanent Artwork November 28, 2024 Today, 28 November 2024, Art on the Underground unveils a new permanent artwork by Hannah Quinlan and Rosie Hastings at St James’s Park station, the only Grade I listed station on the Tube network. Angels of History is the first mosaic created by the artist duo, and is composed of six panels, each measuring 1.5 [...]
New Lamborghini Temerario: hybrid supercar revealed in London November 28, 2024 The new Lamborghini Temerario, due next summer, has made its UK debut at a special event in London. The Temerario slots into Lamborghini’s lineup beneath the flagship Revuelto and replaces the long-serving Huracan, trading its predecessor’s naturally aspirated V10 for a turbocharged V8 and three electric motors. The headline numbers are 920hp, 0-62mph in 2.7 [...]
British Olympic Association gets first female chair in 120-year history November 28, 2024 Trailblazing former rowing champion Dame Katherine Grainger has been elected the first female chair of the British Olympic Association in its 120-year history. Grainger, 49, will succeed Sir Hugh Robertson in the post early next year after she completes her final term as chair of UK Sport. “It is a huge honour to be elected [...]