Lingerie tycoon Baroness Mone sued for unlimited damages after reports of racist remarks January 11, 2022 Millionaire lingerie tycoon Baroness Michelle Mone is being sued for unlimited damages after allegations of racist remarks. Financial consultant Richard Lynton-Jones has filed a writ against the retail tycoon in London’s High Court, claiming Mone sent him racist WhatsApp messages. Lynton-Jones, who has Indian heritage, claimed that Mone sent him a message calling him “a [...]
UK Covid-19 deaths surpass 175,000, says ONS January 11, 2022 The UK’s Covid-19 deaths has surpassed 175,000, according to the Officer for National Statistics (ONS), amid record high infection levels in the UK. The figure dwarfs that of the government’s official count of 150,000, which requires patients to have had a positive coronavirus test within 28 days before their death. While infection rates have been [...]
Premiership Rugby: Cap changes hint at continued silly signing season January 11, 2022 Not often will you find a top quality rugby player moving from one club to another mid-season, even less frequently will you find them doing it at any point for anywhere near the value of a football transfer. That said, every few years there’s a seemingly silly season of signings where some of the best [...]
Inside the world of clearing banks: Is the Bank of London worth the 250 year wait? January 11, 2022 Late last year the Bank of London became just the second clearing bank to launch in the UK for 250 years. The bank made its market debut with a $1.1bn valuation. It’s the first pre-revenue bank ever to reach unicorn status upon entering the market. You couldn’t ask for a more promising start. Chairman Harvey [...]
Call to action: more women in top executive jobs means better business January 11, 2022 For the first time, women now hold most non-executive director roles in the UK’s top companies. This is heartening news, but it’s not enough. We need more female executive directors – the doers – with a seat at the table as well as a better pipeline for young talent to get there. The demonstrable increase [...]
Grenfell: Gove tells dodgy developers ‘we are coming for you’ as they’re forced to foot the bill for cladding crisis January 10, 2022 Michael Gove has sent a stark warning to property developers that have profited from installing dangerous cladding, like that was used in the Grenfell tower, telling them that “we are coming for you” as he unveils his plan to make them pay for cladding refurbishments across the UK. Gove told MPs today that the burden [...]
Government spending billions ‘with no idea about value’, says watchdog head January 10, 2022 Government ministers are not properly evaluating projects that cost billions of pounds, according to the chief of parliament’s spending watchdog. National Audit Office (NAO) boss Gareth Davies says that government often has too “little information” on “what difference is made by the billions of pounds being spent”. Davies wrote in The Times that he was concerned [...]
Britain’s financial future needs catch-up plan for young workers January 10, 2022 If lockdowns have taught us anything, it’s not to underestimate the power of a holiday. Two weeks on the beach feels like a valuable reward after two years of mentally draining restrictions. It is not surprising that travel companies are reporting an uptick in the booking of ‘big’ holidays. Part of that, of course, is [...]
Restaurant groups suffer £673m in losses as bosses call for tax relief January 10, 2022 The country’s top restaurant groups saw losses skyrocket in a year, hitting £673m, as bosses have called for more cash to help ailing venues. The top 100 groups saw losses increase 174 per cent in the year to the end of September 2021, according to an analysis of company accounts by accountancy firm UHY Hacker [...]
Ladbrokes and Coral owner warns stricter gambling rules may encourage ‘black market’ January 9, 2022 Too tough rules on the betting and gambling sector may push individuals towards underground operators, according to the boss behind Coral and Ladbrokes. In an interview with the Sunday Times, Entain CEO Jette Nygaard-Anderson said she feared future regulations could see gamblers encouraged to seek out a “black market” of unlicensed websites. Ministers should strike [...]