Mark Kleinman: The must-read column September 21, 2023 Mark Kleinman gets the Square Mile talking in his weekly City A.M. column: this week on the CBI's latest travails, a two-horse race at Co-operative Bank and a search for a charity chair
Cazoo share price plummets further as it agrees $630m debt-for-equity swap September 20, 2023 UK online car retailer Cazoo has entered into is a restructuring agreement as it looks to “deleverage” its capital structure.
Sky urges UK government to cut red tape and protect creative sector September 20, 2023 Sky has urged the government to loosen its regulatory grip on the creative industry, which it believes could boost the economy by £10bn.
FCA warns insurance firms to make sure they are offering fair value September 20, 2023 The City regulator has given firms producing a type of add-on insurance to motor cover an ultimatum to demonstrate they are providing fair value.
Troubled Waters: The Urgent Fight to Prevent Unlawful Pollution September 20, 2023 With the end of summer approaching, it is time to savour the last of the warmth and enjoy soaking up the sun. For many, their favourite way to spend a hot day is taking a dip in one of a number of diverse water bodies. From the lochs of Scotland to the southern English coast, [...]
Angry car makers: Delaying petrol and diesel ban will damage EV investment in UK September 20, 2023 Leading car manufacturers have urged the government to give clarity on its proposed row back on banning petrol and diesel cars, saying they’ve invested hundreds of millions to meet targets. Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders (SMMT), said the policy change will cause “concern” among car makers. It has [...]
Good Energy boss slams price cap as a ‘terrible public policy failure’ September 19, 2023 The price cap has been a "terrible public policy failure" which has driven up bills for customers, argued Good Energy Nigel Pocklington.
Mike Ashley’s Frasers in talks to offload Missguided to Chinese fast fashion giant Shein September 18, 2023 Mike Ashley’s Frasers Group is reportedly in talks to offload its online clothing brand Missguided to Chinese fast fashion giant Shein. Frasers, which owns the high street favourites such as Sports Direct and Jack Wills, bought Missguided for £20m last year after it collapsed into administration. As part of the rescue deal, the Manchester business kept [...]
Done the Blue Lagoon in Iceland? Upgrade your next trip by visiting the Retreat Spa September 18, 2023 You’ve done the Blue Lagoon, now enhance your Iceland trip with a visit to the more exclusive part, The Retreat, says Daniel Edward Winter may be coming, but the water’s always warm in Iceland. If you know where to look, Iceland is one of the hottest countries on Earth. The roughly decennial volcanic eruptions remind [...]
Ryan Fox weathers storm to pip Ryder Cup stars to BMW PGA Championship September 17, 2023 New Zealander Ryan Fox weathered the Wentworth storm and claimed the BMW PGA Championship, his fourth European title, on Sunday.