Mike Lynch and other missing yacht passengers feared dead August 20, 2024 The Italian coastguard has started its second day of searching for survivors of a sunken superyacht off the coast of Sicily, including the tech media mogul Mike Lynch and Morgan Stanley boss Jonathan Bloomer
Second top-flight British basketball team bought by new investors August 19, 2024 The Manchester franchise set to play in Britain’s new Super League Basketball has been bought by the US-based Sherwood Family Investment Office. The group is run by private equity veteran Ned Sherwood and Ben Pierson and will own both the men’s and women’s teams competing in their respective leagues. It comes just days after a [...]
Mike Lynch: British tech mogul among missing after yacht sinks off Sicily August 19, 2024 One person has died and six are missing, including British tech mogul Mike Lynch, after a superyacht capsized off the coast of Sicily in the early hours of Monday morning.
Please stop saying the UK summer is over. It makes no sense August 19, 2024 On 12 August, when the UK summer was giving us a balmy 22 degree day, Barack Obama said that summer was “winding down.” It’s been a common pronouncement on social media throughout August that inevitably makes you feel melancholic. But more importantly, it’s also wrong. The UK Summer isn’t over, it’s defiantly striding on. Here’s [...]
THG opens new office in the heart of London’s financial district August 19, 2024 THG, a leading global technology platform specialising in e-commerce and end-to-end direct-to-consumer (D2C) solutions, is pleased to announce the opening of its new office in the prestigious Square Mile, the historic financial centre of London. This strategic move further solidifies THG’s presence in the UK’s business capital, reflecting the company’s continued growth and ambition to [...]
Volatility and new markets help Plus500 to ‘excellent’ first half August 19, 2024 Plus500, the spread betting and CFD provider, has reported an “excellent” start to its financial year. For the year to 30th June, the company reported revenue of $398.2m (£307m) up eight per cent year on year. The company also reported earnings before interest, tax, deprecation and amortisation (EBITDA) of $183.9m (£142m) for the period, up [...]
Emergency move to avoid jail overcrowding may be used soon as rioters sentenced August 18, 2024 The government could trigger an emergency plan to avoid prison overcrowding “at some point next week” as rioters are sentenced, according to the Prison Officers’ Association. It followed reports in The Observer that the government could be about to trigger Operation Early Dawn. The long-standing contingency measure allows defendants to be held in police cells [...]
Yvette Cooper pledges crackdown on ‘hateful beliefs’ to counter extremism August 18, 2024 Home Secretary Yvette Cooper has pledged to crack down on people “pushing harmful and hateful beliefs” and to “kickstart” a new approach to fighting extremism. The Home Office has commissioned a “rapid sprint” to drive a new practical approach to countering extremism. The project is being carried out to provide analysis and recommendations on how [...]
Hays set to reveal profit slump amid tough recruitment market August 18, 2024 Hays is set to be the latest recruiter to reveal lower profits in the face of a challenging hiring market next week. The FTSE 250 commercial recruitment firm has already warned it was set for a “subdued summer” amid cost-cutting across the business to bolster its finances for the longer-term. Investors will be hoping that [...]
Gallery remains open as Somerset House closes following fire August 18, 2024 Part of the Somerset House complex will remain open to the public, despite the fire which damaged the roof of the arts venue on Saturday. An investigation is taking place into the fire with the main venue closed “until further notice”. The Courtauld Gallery, home to priceless artwork including Vincent Van Gogh’s 1889 self-portrait showing [...]