Greedy haulage chief who ran ‘lawless’ business jailed for 15 years June 29, 2021 A greedy haulage boss who ran an “entirely lawless” business has been jailed for 15 years, after two men died when their car was hit by a lorry with defective brakes that would have cost just £200 to repair. Michael Holgate, 39, was convicted of the manslaughter through gross negligence of Nigel Eley and John-Paul [...]
RAC: UK roads set for a busy summer as drivers eye domestic holidays June 14, 2021 Over four-in-10 drivers have already booked up their UK-based holiday this summer, according to a survey by RAC. Breakdown and car insurer RAC found that domestic holidays could be even more popular if Covid-19 restrictions prevent foreign travel. The survey, which polled 2,100 drivers, saw 13 per cent say they hoped to hop on an [...]
The next trends in technology June 11, 2021 In this article Juan Enriquez, leading authority on life sciences and future technology, explains the next trends in technology. Juan Enriquez will join the first edition of WOBI Management Week (June 28 – July 1, 2021), a 4-day digital event with world class business thought leaders that will address the latest trends and ideas in [...]
Former Volkswagen and Audi bosses to pay millions in damages over ‘dieselgate’ June 9, 2021 The former bosses of Volkswagen and Audi will pay millions in compensation related to their roles in the “dieselgate scandal”, the German car giant revealed today. The payments will form part of a €288m (£248.5m) deal, of which €270m will come from directors’ and officers’ liability (D&O) insurances. Volkswagen first said that it would seek [...]
Daily Mail group revenue plunges £95m but investments offset the loss May 27, 2021 The group behind the Daily Mail has seen revenues tumble 12 per cent over the past six months, the newspaper group said this morning, but its investments may have offset the loss. The newspaper group raked in nearly £100m less in the six months to 31 March, earning revenue of £547m, down from £642m in [...]
UK tech industry grows tenfold in last decade as London leads Europe May 19, 2021 The UK tech industry has expanded tenfold over the last 10 years as London continues to close the gap on Silicon Valley. Between 2010 and 2020 the number of British unicorns — private tech firms valued at more than $1bn — grew from eight to 81, while the number of companies nearing unicorn status also [...]
Wall Street closes lower as inflation jitters spark broad sell-off May 11, 2021 US stocks closed lower today as rising commodity prices and labor shortages fed fears that despite reassurances from the US Federal Reserve, near-term price spikes could translate into longer-term inflation. While all three indexes pared their losses from session lows, the sell-off was fairly evenly dispersed across the sectors. The Dow Jones Industrial Average fell [...]
FTSE 100 ends the day on a high while Dow hits new record May 5, 2021 Heavyweight mining stocks pushed the FTSE 100 higher today while Wall Street opened higher on strong jobs data as the Dow Jones hit a record high. The blue-chip index closed 1.68 per cent higher, buoyed by chemicals group Croda’s shares soaring towards the top of the index after it announced a business review assessment. The [...]
Fewer car sales and new drivers hits brakes on Direct Line growth May 5, 2021 Insurer Direct Line today said that low levels of new car sales and fewer new drivers led to deflationary market conditions during the first quarter. The firm’s total group premiums fell 4.7 per cent year-on-year to £752.3m, with motor premiums plummeting 10.6 per cent to £367.3m. Elsewhere, Direct Line continued to deliver growth in its [...]
City fund managers discuss post-pandemic opportunities, with NatWest, Lloyds and BP topping the list April 28, 2021 As the economy slowly recovers from what has been a dramatic year, and investors gradually dare to think again about growth and investment, City A.M. checked in with a number of prominent Square Mile-based fund mangers to find out where they spot opportunities as London’s investment community starts to shake off the pandemic. Banking, energy [...]