Tour de France remains ‘absolutely unimaginable act of suffering’ July 1, 2022 It may be over 3,000km of blood, sweat and tears but it grips us for one month of the year. When the Tour de France peloton embarks upon its Grand Depart in Copenhagen today, its twists and turns will no doubt draw us into cycling’s most prestigious event. Starting in Denmark before weaving down the [...]
Nearly 2m more Brits trapped by higher tax rates since 2019 Tory election win June 30, 2022 Boris Johnson has heaped higher tax rates on nearly 2m more Brits since he won the 2019 general election, reveal official figures published today. The number of people paying the higher rate of income tax has swelled to 6.14m, up around 1.88m since Johnson led the Conservatives to a huge majority two and a half [...]
New faces join City’s Aaro Capital June 30, 2022 Crypto asset investment specialist Aaro Capital has appointed three senior executives to its London office.
Camelot’s National Lottery damages claim could drain £600m out of good causes says Gambling Commission June 30, 2022 Gambling Commission Chair Andrew Rhodes has admitted that damages for the National Lottery competition process may come from good causes, potentially sucking £600m from sports and arts funding. It comes after the High Court found in favour of the gambling regulator after the Camelot chief executive Sir Nigel Railton launched legal action claiming the body had [...]
AIM IPOs fall to lowest level since 2009 with just one in Q2 2022 June 29, 2022 The UK’s Alternative Investment Market had the lowest number of IPOs since 2009 in 2022’s second quarter. Only one company floated in Q2 and raised £6m, research by accountancy group UHY Hacker Young found. The last quarter to experience IPO activity this low was the first quarter of 2009, following the start of the financial crisis, [...]
Kylian Mbappe enters Web3 with Sorare deal June 29, 2022 Paris Saint-Germain’s superstar footballer Kylian Mbappe has become NFT and fantasy gaming company Sorare’s first player ambassador. The French international joins the group in a long-term partnership. “Off the pitch, the most important thing for me is helping empower young people – who might not have access to the type of opportunities others have –to [...]
EY agrees record $100m settlement with US regulator over ethics exam cheating scandal June 28, 2022 EY has reached $100m (£82m) settlement with the US Securities and Exchanges Commission (SEC) over claims the Big Four firm’s auditors cheated on accounting exams and later misled the watchdog’s investigators. The US financial watchdog said in a statement that EY had agreed to pay the highest penalty ever imposed on an audit firm by [...]
Wise co-founder Taavet Hinrikus launches €250m venture platform Plural June 28, 2022 The co-founder of London listed fintech giant Wise has launched a new €250m venture platform today alongside a host of tech entrepreneurs, as they look to spur growth among early stage tech firms across Europe.
Explainer-in-brief: Behind the low-pay complaints from barristers June 28, 2022 Once considered to be the hallmark of a lucrative career, now even the lawyers are striking. Well, only some of them. Yesterday marked the first day of four-week long strikes undertaken by criminal barristers over legal aid fees. They’re calling for a 25 per cent pay rise, and have been offered 15 per cent. Some [...]
Sentencing day for sex trafficker Ghislaine Maxwell as London socialite faces up to 65 years in prison June 28, 2022 Ghislaine Maxwell will hear today how long she will have to spend in prison as the socialite is facing up to 65 years for luring young girls to massage rooms to be molested by Jeffrey Epstein. The 60-year-old British socialite, who was labelled “dangerous” by the prosecution during her three-week trial last year, helped entice [...]