Porn-gate is about much more than just dirty videos, says defence secretary: ‘Late sitting, long nights with bars’ April 28, 2022 Ben Wallace said “there’s no place for pornography in any workplace” and said there needs to be a cultural change in Westminster. The Defence Secretary told Sky News: “There is a range of allegations that go right across the House, go right across the parties. “This is a problem, I think, about the overall culture [...]
The City View: August CEO Mélie Dunod on rethinking holiday home co-ownership April 27, 2022 Today Andy Silvester talks to Mélie Dunod, CEO and co-founder of holiday home co-ownership firm August. She talks us through the company’s inception; why their equity purchase model allows for better and more transparent co-ownership; and the post-Covid re-examination of lifestyle purchases. And in the news: law giant Eversheds Sutherland has re-entered Russia, striking a [...]
Sigh of relief in the City as govt calls idea of windfall tax on oil and gas profits ‘disastrous’ April 27, 2022 The Justice Secretary this morning dismissed Labour’s plan for a windfall tax on oil and gas companies to ease the cost-of-living crisis, calling the idea “disastrous”. Dominic Raab told Sky News: “If you look at Labour’s policy, you asked about it – of a windfall tax – that would damage investment in energy supplies we [...]
Basic Instinct sexism row: Daily Mail hits back with old Angela Rayner comments and rebuffs Commons Speaker April 27, 2022 The Daily Mail published comments made by Labour’s Angela Rayner in a light-hearted political podcast in January in which she discussed comparisons between her attire and behaviour in the Commons and a scene in the movie Basic Instinct featuring Sharon Stone. On comedian Matt Forde’s The Political Party, Ms Rayner said she was “mortified” by [...]
Nadine Dorries set to publish White Paper on Channel 4 privatisation April 27, 2022 Nadine Dorries is reportedly set to release a new White Paper that will outline her plans to privatise Channel 4 in another major step toward selling the state-owned broadcaster. Sky News reports that the Department for Digital, Culture, Media and Sport (DCMS) is expected to release the plan this week. Dorries, the culture secretary, confirmed [...]
KPMG to cash in on tech fundraising boom via stake in venture capital advisor April 27, 2022 KPMG is seeking to capitalise on the UK’s booming technology startup ecosystem by acquiring a 50 per cent stake in venture capital fundraising advisor Acceleris. The Big Four accountancy firm is hoping to cash in on the booming market for tech startup fundraising by teaming up with the tech-focused venture capital firm. The deal, which [...]
Ted Baker: Fashion retailer receives ‘a number’ of bids from suitors as sale hots up April 27, 2022 Ted Baker confirmed it has been the recipient of a number of bids from suitors hoping to snap up the high street fashion retailer. The clothes seller entered into a formal sales process earlier this month, after being wooed several times by US private equity firm Sycamore. It had previously revealed it had been approached [...]
Medical tech firm Sensyne set to axe 80 staff in scramble to stay afloat April 26, 2022 London-listed medical tech firm Sensyne is set to axe two thirds of its workforce after being rescued from the brink of collapse earlier this month.
Boots sets mid-May deadline as owner seeks multi-billion sale April 26, 2022 Boots’ owner has set a deadline of 16 May for final offers for the chemist chain. Walgreens Boots Alliance’s (WBA) has issued the deadline to suitors as it seeks to sell the chain, Sky News has reported. Suitors expected to make final proposals include Asda and Apollo Global Management. However, India’s Reliance Industries was thought [...]
Former aide to Cameron fights to keep co-working firm afloat with emergency cash April 25, 2022 One of David Cameron’s former aides is fighting to keep his shared office firm Second Home afloat as he rushes to secure £6m of emergency funding from investors.