HMRC withdraws winding up petitions for GFG Alliance firms March 7, 2022 The taxman has withdrawn petitions to wind up four steel businesses from GFG Alliance, providing under-fire steel king Sanjeev Gupta a late hour reprieve. GFG announced on Monday that positive discussions with creditors had resulted in the petitions being withdrawn. The conglomerate had been searching for rescue financing to save firms including Liberty Steel after [...]
Shape Of You: Ed Sheeran defends hit song in copyright legal battle March 7, 2022 British pop singer Ed Sheeran has given evidence at the High Court this morning as his three-week copyright case over the hit song Shape of You continues. Sheeran is involved in a dispute with two songwriters Sami Chokri and Ross O’Donoghue who claim that the 2017 tune rips off parts of their song Oh Why. [...]
EV interest declines following sky high prices March 7, 2022 Potential buyers’ interest in buying an electric vehicle (EV) is declining as a result of sky high prices, Auto Trader has warned. In a report published today, the sale platform said the proportion of electric cars browsed on its marketplace had dropped from 26 per cent in late September to 16 per cent last month. [...]
House price growth not set to slow down this spring March 7, 2022 The rate of house price growth has been underpinned by a frenzy of house-hunters while stock levels for properties remain low. According to estate agent Knight Frank, there is no indication that annual house price growth will return to single digits this spring. Annual UK house price growth accelerated to 12.6 per cent in February [...]
PwC announces separation of Russian firm in first Big Four exit March 6, 2022 Pricewaterhousecoopers (PwC) will no longer have a member firm in Russia, with the multinational due to announce its decision tomorrow to separate its Russian company from the rest of its global network in the wake of Putin’s invasion of Ukraine. The move by the Big Four giant will affect 3,700 partners and staff in Russia, [...]
Caretech founders gear up for privatisation takeover March 6, 2022 Founders of Caretech Farouq and Haroon Sheikh are gearing up to make an offer, which could see the residential care company delisted from the London market. According to reports from Mark Kleinman for Sky News, the brothers are in financing talks to launch a takeover bid for the firm. The Sheikhs, who are executive chairman [...]
Ukraine: Raab plays down threats of Putin using nuclear weapons March 6, 2022 Dominic Raab has played down the chances of Vladimir Putin using nuclear weapons as a result of the invasion of Ukraine, with the Russian President’s threats labelled as “rhetoric and brinkmanship”. The deputy Prime Minister said Putin has a “track record of misinformation and propaganda” in the wake of the Kremlin’s decision last week to [...]
Ukraine’s president slams NATO as Johnson and Macron discuss ‘despicable’ attack March 5, 2022 The prime minister has met with French president Emmanuel Macron today to discuss “the worst war on our continent for a long time”, as Ukraine’s leader slams NATO. Boris Johnson and Macron, who have not always seen eye to eye, agreed it was “imperative” to both countries to continue to provide humanitarian, economic and military [...]
Ukraine war turns nuclear as Russian shells fall directly onto Europe’s largest power plant amid heavy fighting March 4, 2022 Fears grow for an explosion as Russian forces are shelling the continent’s largest nuclear power plant, which has reportedly caught fire around 1am UK time. Nuclear plant spokesman Andriy Tuz told Ukrainian television that shells fell directly on the facility, and set fire to a reactor that is not operating and to an administrative training [...]
Kremlin accuses BBC of being used to undermine Russia’s political stability March 3, 2022 The Kremlin made very some very serious accusations today as it said the BBC was being used to undermine the political situation in Russia. “The fact that Russian journalists are still at least somehow able to work in Britain is associated solely with London’s fears of jeopardising the position of the BBC radio and television [...]