Carillion bosses face fresh questioning from Insolvency Service 11 months on from dramatic collapse December 30, 2018 Carillion’s former bosses were hauled in front of Insolvency Service investigators at the start of December to answer questions about its collapse according to reports. Philip Green, chairman of the company when it went bust in mid-January, and ex-chief executive Richard Howson, could face bans from taking boardroom positions for up to 15 years. Sky [...]
Home Secretary Sajid Javid cuts holiday short to deal Channel migrants ‘major incident’ December 29, 2018 Home secretary Sajid Javid has cut his holiday short in order to deal with the growing number of migrants attempting to cross the Channel in dinghies to enter Britain. Javid yesterday declared the issue a “major incident”after almost 70 people were intercepted attempting to reach England over the past three days. He was also seeking an [...]
Music retailer HMV on the verge of second administration since 2013, reports December 28, 2018 HMV is set to go into administration for the second time in six years, putting 2,200 jobs at risk, according to reports. The company reportedly filed a notice of intention to appoint administrators last week as it held last minute talks with suppliers, Sky News reported this morning. The company was bailed out in a [...]
Superdry up as board faces potential battle with founder Dunkerton December 27, 2018 Superdry gained eight per cent today as a battle is brewing for the future of the company. The shares rose by 34p to 460p by early afternoon, making the company the fastest riser on the London Stock Exchange today. The rise on the markets comes after it was reported at the weekend that Julian Dunkerton [...]
Earthquake hits Sicily after volcanic eruption from Mount Etna, injuring 30 on Boxing Day December 26, 2018 A 4.8 magnitude earthquake hit Sicily early this morning, damaging buildings and injuring about 30 people around the city of Catania, on the slopes of active volcano Mount Etna, officials said. The quake follows an eruption from the volcano two days ago, which sent a huge plume of ash into the sky, forcing the temporary [...]
Chinese tech giant Ant Financial in talks to buy WorldFirst December 24, 2018 Chinese tech giant Ant Financial is in advanced talks to buy currency exchange start-up WorldFirst in a deal that could be worth up to $700m (£550m). Ant Financial, part-owned by China’s biggest internet tech company Alibaba, could complete the takeover within weeks, Sky News reported. The company has been in talks with WorldFirst for months and [...]
Gatwick drone pair released by police without charge December 23, 2018 A pair of suspects arrested in the Gatwick Airport drone inquiry have been released without charge today. A 47-year-old man and a 54-year-old woman from Crawley were arrested by Sussex Police yesterday on suspicion of "the criminal use of drones" near the Gatwick airfield on Wednesday and Thursday. More than 140,000 passengers were hit by delays [...]
Barclays snubs Bramson after activist investor moves for seat on the bank’s board December 22, 2018 Barclays has snubbed Ed Bramson after the activist investor moved for a seat on the bank’s board. Bramson floated the idea of his investment vehicle Sherborne Investors being given a seat on the board at a meeting a few weeks ago, according to Sky News. But the lender told Bramson, who has called for the [...]
Why cryptocurrencies are here to stay December 21, 2018 If common perception is to be believed, we’re currently watching the death of cryptocurrencies. Without doubt, there is cause for some concern. This year has been terrible for speculators, with a deeply entrenched bear market taking hold, and the price of bitcoin falling by around 80 per cent. The year also hasn’t resulted in the envisaged uptake [...]
British Gas owner Centrica wades into legal battle with regulator Ofgem over price cap December 20, 2018 Centrica, the owner of British Gas, this evening confirmed it will tomorrow kick start a legal battle with regulator Ofgem over the energy price cap soon to be introduced in the UK. The energy giant will apply for a judicial review of the regulator’s decision to change the dates within which wholesale prices were used [...]