Senior Tory shrugs off partygate: Boris Johnson was given ‘a fine for eating a slice of cake between meetings’ May 23, 2022 Prime Minister Boris Johnson was given a fixed-penalty notice by the Metropolitan Police for eating a “slice of cake between meetings”, a minister said this morning. Simon Clarke, Chief Secretary to the Treasury, told ITV’s Good Morning Britain: “I do have confidence (in Boris Johnson) because the Prime Minister has apologised and I know very [...]
Gymshark nets £45m profit as founder Ben Francis climbs up Sunday Times Rich List May 22, 2022 Sportswear brand Gymshark has pocketed a £45.4m pre-tax profit – a further jolt of good news for its young founder, who has risen in the Sunday Times Rich List. The e-commerce fashion retailer saw profit rocket in the year to July 2021, compared to 2020’s sum of £30.4m, according to accounts filed to Companies House [...]
Atom Bank eyes US IPO in major snub to London May 22, 2022 UK digital lender Atom Bank is eyeing up a US listing in what will be a major blow to London’s efforts to promote itself as a premier destination for tech IPOs.
Zahawi: Johnson did not intervene in Sue Gray partygate report May 22, 2022 A senior cabinet minister has said Boris Johnson did not intervene in Sue Gray’s partygate report amid revelations that the Prime Minister met with the senior civil servant to speak about her investigation. Education secretary Nadhim Zahawi today said that “the Prime Minister will never intervene in Sue Gray’s investigation” and that “the Prime Minister [...]
Lord O’Neill’s Northern Gritstone raises £215m with backing from pension funds May 19, 2022 Investment company Northern Gritstone has raised £215m in funding after it received backing from local pension funds. A joint venture between Leeds, Manchester and Sheffield universities, the firm has secured funding from the Greater Manchester Pension Fund and West Yorkshire Pension Fund among others, Sky News first reported. “The strong endorsement of Northern Gritstone we’ve [...]
KPMG plans to hikes fees by up to 20 per cent due to higher cost of staffing May 19, 2022 Big Four accountancy firm KPMG has warned clients it is planning to substantially increase its audit fees, in order to pay for higher salaries. The auditor told its clients it plans to increase fees by between 5 per cent and 20 per cent due to facing higher costs linked to new industry rules and the [...]
Getting the party started at Sumosan Twiga, Knightsbridge May 19, 2022 The crisp white tablecloths, framed black and white photographs and floor length houndstooth curtains may look discreetly chic, but the DJ working the decks on the floor of the restaurant lets you know that this is where the party starts. A place to see and be seen, the flash of selfies pop and sparkle just as [...]
Johnson to face no further fines as partygate probe ends May 19, 2022 The Prime Minister will face no further fines over the so-called 'partygate' scandal after the Met closed its investigation into Downing Street parties today, a government spokeperson confirmed.
Telecoms provider Daisy Group acquires Sungard’s clients following collapse May 18, 2022 Telecoms provider Daisy Group has reportedly snatched clients from IT services and data management firm Sungard two months after the latter’s collapse. Daisy Group’s founder Matthew Riley signed a deal to transfer Sungard’s clients to Daisy, Sky News first reported. Customers were informed of the change via a letter which said that Sungard’s recovery sites [...]
PMQs: Boris Johnson deflects on windfall tax as Starmer teases him on an ‘inevitable u-turn’ May 18, 2022 Boris Johnson has been accused of dithering on a windfall tax by Keir Starmer during Prime Minister’s Questions, as the leader of the opposition said he would do an ‘inevitable u-turn’ on the issue. The PM refused to be drawn on whether he supported the one-off tax, with Starmer highlighting Rishi Sunak’s comments to the [...]