Motor Fuel Group’s owner kicks off £5bn selling plans January 18, 2022 Motor Fuel Group’s (MFG) owner Clayton Dubilier & Rice (CD&R) has kicked off plans to sell the UK’s biggest independent forecourts operator, Sky News first reported. The private equity firm CD&R has invited this week investment banks to bid for a mandate to sell the company, which could be valued at £5bn. The forecourts operator’s [...]
Gas price crisis claims latest victim as Together Energy goes bust January 18, 2022 Council-backed energy supplier Together Energy has ceased trading with immediate effect amid soaring wholesale costs.
Johnson denies ‘lying to parliament’ over Downing Street parties scandal January 18, 2022 Boris Johnson has denied claims by Dominic Cummings that he “lied to parliament” last week when he said he thought a lockdown-breaking Downing Street party was a work event. Johnson today said that “nobody told me and said that this was something that was against the rules”. The Prime Minister last week all but admitted [...]
Sunak breaks cover to say ‘of course’ he believes PM in Downing Street parties saga January 18, 2022 Rishi Sunak has made a public appearance for the first time in a week to say “of course” he believes Boris Johnson’s claims that he thought lockdown-busting Downing Street parties were work events. Sunak said Johnson “has set out his understanding of this matter in parliament last week” and refused to say whether he unequivocally [...]
Championship rugby club chairman: ‘Increase funding to clubs’ January 18, 2022 Richmond’s chairman has called on the Rugby Football Union (RFU) to solve the Championship’s increasingly insurmountable financial barriers to promotion to the top division. The RFU has cut funding for already cash-strapped second-tier clubs from around £550,000 each per year to less than half that this season. It is another hurdle to promotion for Championship [...]
Finance chief at City ad agency M&C Saatchi eyed by PE-backed rival January 17, 2022 The finance chief of one of the City’s top advertising firms, M&C Saatchi, is reportedly set to jump ship to a private equity-backed rival. Mickey Kalifa, who has been with M&C Saatchi for nearly three years, has been sounded out for a top job at Dept, a digital agency based in Amsterdam. The news was [...]
Samos: Greece’s treasure in the East Aegean Sea and spiritual home of Metaxa January 17, 2022 Stepping off the plane onto the ancient island of Samos is a treat for the senses, with arrivals greeted by the Aegean Sea to the east and the mighty Ampelos mountain to the West. While most of the postcard perfect images of this view show blue skies and an impenetrable sun, I was greeted by [...]
WH Smith faces investor revolt over executive pay January 16, 2022 WH Smith faces a revolt from investors after it was announced boss Carl Cowling was in line for a £550,000 bonus despite the firm not paying back government pandemic support.
England on track to shed all Covid restrictions this month, Dowden says January 16, 2022 England is on track to shed Covid restrictions implemented last month including the country’s work from home advice, Tory party chair Oliver Dowden has said. Dowen said “it all seems to be heading in the right direction” as Omicron cases in the UK begin to sharply drop and hospitalisations plateau. Patients in intensive care have [...]
Tory party chair says Johnson will ‘improve’ boozy Downing Street culture January 16, 2022 Boris Johnson is committed to “upping [the government’s] game” and “improving” the boozy culture in Downing Street, Tory party chair Oliver Dowden has said. Dowden said the many lockdown-breaking parties that happened in Downing Street were “unacceptable” and that “I’m angry about what happened”. There is now overwhelming evidence there was a culture of Covid [...]