New Maserati MC20 Cielo supercar revealed with clever glass roof June 14, 2022 The open version of Maserati’s MC20 is called 'Cielo', after the Italian word for sky. It features a glass roof and 200mph top speed.
Sky piles into new £100m climate tech fund June 13, 2022 Media giant Sky will anchor a new £100m venture capital fund looking to pump cash into early-stage ‘climate tech’ firms, the firm announced today.
Campaigners warn childcare costs holding back careers in the City and beyond June 13, 2022 CAMPAIGNERS have warned “uniquely high” childcare costs are holding back not just the City’s diversity drive but economic growth. A new study by union the TUC suggests the average nursery bill for a family with a toddler was just shy of £5,000 in 2010 but has grown to more than £7,000 just a dozen years [...]
NI Protocol changes will not break international law, minister says June 12, 2022 New UK legislation to unilaterally change the post-Brexit Northern Ireland Protocol will not break international law, Northern Ireland secretary Brandon Lewis has insisted. Lewis said the government’s plans, which will be brought forward to parliament tomorrow, are “lawful and correct”, despite comments from EU leaders saying any unilateral change to the protocol will break international [...]
Lord Gilbert considered to lead BBC funding review June 11, 2022 Lord Gilbert is reportedly in the race to lead the BBC’s funding review. Gilbert, who was recently snubbed in favour of Lord Grade as chair of Ofcom, is among the people being considered by culture secretary Nadine Dorries, Sky News first reported. Whitehall sources told the outlet Gilbert would be an “uncontroversial” choice but that [...]
Senior bondholders call for talks over Matalan’s future June 11, 2022 Matalan’s senior bondholders have reportedly called for talks over the retailer’s future as the cost-of-living crisis continues to bite into the company. Lenders have sought the advice of financial services firm Perella Wellbeing to understand what their options are as they are set to receive a £350m payment next year, Sky News first reported. Junior [...]
Parkdean Resorts: £1.6bn sale of holiday park giant stalled over slow UK growth concerns June 9, 2022 The UK economy’s slowing growth is reported to have stalled the £1.6bn sale of Parkdean Resorts following a sixth month auction process. The holiday parks operator and its owner Onex Corporation took the decision to call off the move amid concerns about a possible UK recession, and its impact on the staycation market. This week, [...]
London fund set to lose millions following Mike Ashley’s £20m Misguided acquisition June 7, 2022 The London private equity firm that injected £50m into fast fashion retailer Misguided, in the months running up to its insolvency, is set to lose tens of millions on its investment. Alteri Investors is set to lose £20m- £30m after Mike Ashley’s Frasers Group bought the Manchester based retailer for £20m last week, according to [...]
Wounded Boris Johnson to call emergency Cabinet meeting as Tory rebels refuse to back down after worse-than-May vote June 7, 2022 It is understood Prime Minister Boris Johnson plans to call his Cabinet together this morning as the embattled Tory leader seeks to keep his premiership afloat by putting a bruising confidence ballot firmly behind him. The Prime Minister insisted he had secured a “decisive” victory despite 148 of his own MPs voting to oust him [...]
Efforts underway to remove Boris Johnson from No 10 via vote of no confidence in House of Commons June 7, 2022 The leader of the Liberal Democrats, Sir Ed Davey, said this morning that his party will put forward a vote of no confidence in Prime Minister Boris Johnson. Speaking to Kay Burley on Sky News, Sir Ed said: “I think there should be a vote of no confidence in the Prime Minister in the House [...]