UK minister says Russian regime change ‘up to Russian people’ in Biden rebuke March 27, 2022 Education minister Nadhim Zahawi has said it is “up to the Russian people” whether or not they remove Vladimir Putin in an apparent rebuke of Joe Biden’s comments in Poland yesterday. The US President said last night in Warsaw that Putin “cannot remain in power”, before White House officials quickly backtracked and said Biden was [...]
Chelsea’s bankers tell bidders to commit £1bn for club’s future March 26, 2022 Chelsea FC’s bankers have told those left in the race to acquire the team to commit at least £1bn to finance the club’s future. Former British Airways and Liverpool FC chairman Sir Martin Broughton as well as former Olympian Lord Coe feature among those making a play for the team. The bidders are expected to [...]
Transport secretary vows to force P&O to pay UK minimum wage and ‘U-turn’ on firing decision March 25, 2022 Transport secretary Grant Shapps has said he will force ferry operators to pay UK minimum wage whilst they’re in international waters, after calling for P&O boss Peter Hebblethwaite to resign from his position as head of the Dubai owned firm. The Tory minister said he will close the “loopholes” that let shipping companies pay seafarers [...]
Ready to replace Boris: ‘Anxious’ Rishi Sunak fails three times to rule out Tory leadership run March 25, 2022 Chancellor Rishi Sunak failed three times to rule out that he could launch a leadership bid in the future. Speaking to Beth Rigby Interviews on Sky News, the Chancellor was asked whether he would go for the top job if the opportunity arises. He was read a quote from Boris Johnson, who said in 2013 [...]
Apollo lines up banks for £6bn Boots bid as takeover race whittles down March 24, 2022 US investment giant Apollo has become a major frontrunner in the bidding race for the UK’s biggest high street chemist, as it lines up banks to finance a £6bn takeover offer for Boots. The New York-based firm is in talks with Bank of America, Credit Suisse and Royal Bank of Canada to support the bid, [...]
Chelsea bankers reject bids from Saudi Media Group and Woody Johnson March 24, 2022 The sale of Chelsea took a major step towards conclusion today when a number of bidders, including Saudi Media Group and Woody Johnson, were reportedly rejected. US bank the Raine Group, hired to sell the club by sanction-hit owner Roman Abramovich, contacted a number of unsuccessful bidders as it whittled down would-be buyers. Saudi Media [...]
McColl’s boss steps down after six years at the helm amid rescue talks March 24, 2022 The chief of beleaguered convenience store chain McColl’s has quit as the business faces an existential crisis. The chain has been in talks with lenders over emergency cash, as it hopes to find a buyer to secure its future. After three decades with the chain and six years in leadership, Jonathan Miller has quit the [...]
As inflation pushes hospitality prices up, customers’ patience will also start to wane March 24, 2022 Last week I had the painful, and for many people, familiar experience of trying to contact an airline to redeem evouchers. Mine was a simple request but not one I felt an online chat would resolve. After navigating a tortuous route through a myriad of menus, I was informed that they were too busy to [...]
Say hello to the 3:2 week: What a new working life looks like for many Brits in 2022 March 24, 2022 Two years on since working from home was first introduced for many Brits, new research shared with City A.M. today shows that Brits have reached an era of balance, as today’s office workers now spend three days a week working in the office, and the other two working remotely. The new 3:2 week has had [...]
Arsenal set goal of selling out 60,000-seater Emirates Stadium for women’s game March 23, 2022 Arsenal’s new commercial chief Juliet Slot believes their women’s team can attract sell-out crowds to the 60,000-capacity Emirates Stadium as the club embarks on a wider push behind the Women’s Super League leaders. Arsenal Women switch big games from Boreham Wood FC to Emirates Stadium to allow for bigger attendances and are due to play [...]