High flying insurance duo plan £150m SPAC IPO on London Stock Exchange March 31, 2022 Insurance industry veterans Will Allen and Andy Rear are planning to raise £150m through the launch of a new special purpose acquisition company (SPAC) in the coming days. The prominent duo plan to list a shell company called FINSAC on the London Stock Exchange (LSE) with a view merging with a leading name insurance technology [...]
Lord Nash steps down paving the way for new lead Whitehall director March 30, 2022 The government lead non-executive director resigned from his post yesterday. Lord Nash, who was appointed to the role by the Prime Minister in July 2020 for a three-year term, will be replaced in his Whitehall role by ex-director of Barclays Bank UK Michael Jary, according to Sky News’ Mark Kleinman. Insiders said yesterday that Michael [...]
London arm of Russia’s VTB on brink of collapse as sanctions bite March 30, 2022 The London arm of Russia’s VTB Bank is on the brink of insolvency proceedings after sanctions have curbed its ongoing operations. As reported by Mark Kleinman for Sky News, British banking regulators have called in advisers to help address Russia’s second-largest lender’s presence in the capital. Sources told Sky that the bank could fall into [...]
Hackers pilfer $600m from Ronin Network in massive crypto attack March 30, 2022 Hackers have stolen almost $600m from a blockchain network connected to the Axie Infinity online game in one of the largest crypto attacks ever.
P&O accuses Coastguard of ‘unprecedented rigour’ after two ships detained March 30, 2022 P&O Ferries accused today the Maritime and Coastguard Agency (MCA) of displaying “an unprecedented level of rigour” after it detained two of the firm’s ships. The European Causeway and Pride of Kent vessels were detained in the last few days over safety concerns, as government scrutiny around P&O increased following the layoff of around 800 [...]
Kwarteng hires former BP boss to BEIS board amid energy security push March 30, 2022 Business Secretary Kwasi Kwarteng has appointed Peter Mather, former UK boss of BP, onto the board of his department.
Publisher Bloomsbury set to beat profits guidance after global bestseller March 30, 2022 Publishing group Bloomsbury said it was set to sail past profits and revenues expectations this morning as it felt the lift of a number of new fiction titles and a positive acquisition strategy.
Mixed reviews for Sky Glass as high-tech TV suffers recording issues March 29, 2022 Sky Glass continues to have a rather rocky rollout, with users complaining that the flashy new TV’s playback feature is faulty. Problems were first reported back in November, with UK early adopters recording screen flickering and recording problems on their devices. “When watching anything I keep getting distracted by the occasional flash/blink in the top [...]
Government sets boundaries for free lateral flow entitlement as ‘new phase’ of pandemic dawns March 29, 2022 Free COVID tests will remain available to certain groups even after the government scraps universal testing from Friday onwards.
Government recruits Oliver Wyman consultants to craft new football regulator March 29, 2022 The government have drafted in top consultancy Oliver Wyman to help design a new independent body that will be charged with regulating English football. According to reports from Mark Kleinman, the Department for Digital, Culture, Media and Sport (DCMS) has hired the New York-based firm to help build a response to Tracey Crouch’s contentious review of football’s [...]