UK Finance boss quits over Amanda Staveley remarks June 16, 2020 UK Finance chief Stephen Jones has resigned just days after apologising to staff for sexist remarks made in 2008 about financier Amanda Staveley. Sky News first reported that Jones had offered his resignation, which UK Finance confirmed had been accepted. Jones said: “I have apologised to Ms Staveley and to my colleagues for the comments [...]
Sky to claw back £330m from sports cancellations ahead of Premier League restart June 16, 2020 Sky is set to receive rebates of up to £330m from organisers of leading sporting events, as the broadcaster seeks to shore up its balance sheet after months of cancelled events. The Premier League has agreed to return £170m to Sky, the Financial Times reported, after the UK broadcaster allowed customers to halt sports subscriptions [...]
MPs call for total ban on gambling adverts ahead of Premier League restart June 15, 2020 A group of more than 50 MPs and peers has called for a total ban on gambling adverts in a new report that urges for a wide-scale overhaul of British gambling laws. In a report set to be published tomorrow, a cross-party group of MPs will urge the government to enforce tighter controls on the [...]
Easyjet resumes flights with social distancing measures in place June 15, 2020 Easyjet took to the skies for the first time in 11 weeks, as it resumed domestic flights with social distancing measures in place. The budget airline will relaunch 310 flights across its European network, as its first flight took off from London Gatwick at 7am this morning for Glasgow. The majority of flights this month [...]
Shops reopen to long queues as social distancing measures come into force June 15, 2020 Retailers this morning flung open their doors to the public for the first time since the coronavirus lockdown was imposed in March. People formed long queues outside Primark outlets in London and Birmingham this morning before the shops reopened at 8am, in a signal that despite fears that footfall would be low initially, there was [...]
Metro Bank confirms talks to buy peer-to-peer lender Ratesetter June 15, 2020 Metro Bank has confirmed it is in exclusive talks to buy the owner of peer-to-peer lender Ratesetter, but said that discussions are at an early stage. The challenger bank said there was no certainty that it would reach an agreement with Money Market, following a Sky News report that the pair were in talks late [...]
Rishi Sunak goes shopping as retail prepares to reopen June 14, 2020 Rishi Sunak visited a Waterstones yesterday as retail businesses across England prepare to reopen tomorrow. Sunak inspected some of the safety measures that the bookstore had implemented, such as screens between checkout workers and customers. England’s 7,000 high streets will open tomorrow as a part of the government’s easing of the lockdown. All shops that [...]
Rishi Sunak: Government to take ‘fresh look’ at two-metre rule June 14, 2020 Rishi Sunak has said the government would take a “fresh look” at its two-metre social distancing rule in a review. The chancellor confirmed there would be a “comprehensive review” of the rule as pressure increases from businesses to change it to one-metre. Hospitality bodies have lobbied the government for the change, with businesses worried the [...]
UK Finance chief in apology to staff over 2008 Staveley remarks June 13, 2020 UK Finance boss Stephen Jones has apologised to his staff for “wrong” and “inappropriate” remarks made about financier Amanda Staveley in 2008. In an internal memo seen by Sky News, Jones yesterday said he could not defend the remarks, understood to have been made as Ms. Staveley was negotiating a cash call on behalf of [...]
Travelex set for restructuring after auction process halted June 12, 2020 Debt investors in embattled foreign exchange provider Travelex are pushing the firm’s banks to negotiate a restructuring deal. Sky News reported that after an auction process stalled, bondholders represented by investment bank PJT Partners are pushing banks including Barclays and Goldman Sachs to enter negotiations. Travelex’s banks are owed about £90m by the company, while [...]