Twitter shareholders sue Elon Musk over ‘illegal’ bid May 27, 2022 Twitter’s shareholders have sued serial entrepreneur Elon Musk over his “illegal” takeover bid. Investors said that Musk’s decision to put on hold his initial $44bn bid brought Twitter’s value down, allowing him to either walk away from the deal or negotiate a lower price. The billionaire initially announced his intention to buy Twitter in late [...]
Sunak denies using £21bn support package to deflect from No 10 lockdown parties May 27, 2022 Chancellor Rishi Sunak has rejected the notion that the timing of handing out £21bn worth of cost-of-living support to deflect from the controversy over Downing Street lockdown parties. The Chancellor bowed to demands for the UK Government to step in and help households to deal with ballooning energy bills and rising shop prices, which are [...]
Uncovering Churchill’s Marrakech May 26, 2022 Asking if Winston Churchill was a hero or a villain oversimplifies the man and the historic events in which he played such controversial — but undoubtedly significant — roles. I knew of him first as a statesman, then as a historian and writer, but only relatively recently discovered that Churchill was an accomplished artist, too. [...]
Govt warned cost of living crisis will lead to ‘tsunami of fraud’ as criminals prey on struggling Brits May 26, 2022 THE cost of living crisis is likely to fuel a surge in fraud and online scams, a property group warned this morning. The National Association of Property Buyers fear criminals will aim to “cash in” on vulnerable Britons looking to save or make money over coming months. The property sector will be a prime target [...]
Ed Warner: ECB may buck financial trends but must turn playing claims into reality May 26, 2022 Fourteen million people participate in cricket in England and Wales. Yep, you read that right! How do we know that a quarter of the population play, attend or follow the sport? Because the ECB told us so last week in its annual report. Looks like the governing body has adopted a Westminster approach to big [...]
Former head of Civil Service accuses Boris Johnson of ‘intentionally’ misleading Parliament over partygate: ‘It is pretty clear’ May 25, 2022 Boris Johnson “intentionally” misled Parliament over partygate, the former head of the Civil Service believes. Lord Kerslake said junior members of staff in Downing Street are now telling the story in their own words about the lockdown events and “that is quite damaging for the Prime Minister”. Lord Kerslake told Times Radio: “He (Mr Johnson) [...]
Price cap to spike again: Watchdog warns worst is still to come for energy prices May 25, 2022 Already sky-high energy prices are set to spike again in October, according to the energy watchdog, taking the power out of the UK's growth prospects.
Web 3.0: Developers need to create solid products, not endless hype May 24, 2022 Valentina Drofa, founder and CEO of Drofa Comms, urges developers to ensure Web3's bubble doesn't burst with expectations.
One in five Londoners look to downsize family home to fund retirement May 24, 2022 Almost one in five Londoners are planning to downsize their home to help fund their retirement, according to a new study, as the cost-of-living vacuum shakes down savings. Homeowners in London lead the way in the plan to swap their family home for a smaller property and stow away the windfall cash for the future, [...]
IAG shareholders revolt against ‘excessive’ share award to boss Luis Gallego May 24, 2022 Shareholders at British Airways’ parent company IAG have revolted against the “excessive” share award given to boss Luis Gallego. Proxy voting agency Glass Lewis told investors to vote against the policy at IAG’s annual general meeting next month, as the proposal to increase Gallego’s share award from 100pc of his salary to 150pc under IAG’s [...]