Post SVB reforms to UK banking regulation leaves sector divided April 19, 2023 Figures in the banking sector are divided over suggested reform to deposit protection, with regulators reported to be mulling raising the deposit insurance threshold in the wake of the collapse of Silicon Valley Bank (SVB) last month. According to a report from the Financial Times, regulators are considering updating the Financial Services Compensation Scheme (FSCS) [...]
Premier League ‘shutting the door on those below’ by ‘distorting competition’ April 19, 2023 MPs have accused the Premier League of “shutting the door on those below” with the parachute payments system of financial redistribution to relegated football clubs. Julian Knight, chairman of the Department for Culture, Media and Sport select committee, urged England’s leading clubs to find a “fairer solution” that doesn’t have a “distorting effect on competition”. [...]
THG boss Matt Moulding lashes out at media, investors and analysts in six minute video that includes quotes from Nelson Mandela April 18, 2023 THG’s chief executive Matt Moulding published a lengthy video on Instagram Tuesday night taking aim at the media, institutional investors, stockbrokers and analysts in the latest escalation of his war with the City’s financial services sector. Moulding’s video quotes extensively from the Wolf of Wall Street, whilst also seeming to compare THG’s expansion in the [...]
GSK coughs up £1.6bn for Bellus as pharma giant boosts its patent medicine cabinet April 18, 2023 GSK plans to buy developer Bellus Health in an all-cash deal for £1.6bn as the drugmaker expands its bet on respiratory therapies.
London pair defy odds to grow clothing company April 18, 2023 Nwanne Maduanusi was on the bus when she had the idea that would become Simply Asoebi. “I used to make earrings and thought, ‘oooh it would be nice to include my earrings inside asoebi packages’”, she says. Then she messaged her friend, Moyo Castano, and they decided to go into business together. “Asoebi” is a [...]
Fashion for change as Pretty Little Thing founder quits to build ‘new brands’ April 17, 2023 Umar Kamani, the founder and chief executive of Pretty Little Thing, is stepping down from the fashion brand after 12 years at the helm. Kamani, who founded the business in 2012 with his brother in his home town of Manchester, said he was leaving the £3.8bn company to explore new challenges and “build new brands”. [...]
Renaming the Met Police would give it a license to ignore wholesale reform April 17, 2023 After scandal after scandal have rocked the Metropolitan Police, and the Casey review has found shocking sexism, racism and homophobia. A new name won't change its habits, writes Eliot Wilson.
We either need to break up broadband monopolies or nationalise connectivity April 14, 2023 The internet and broadband connection has become a fourth utility and a market we need to take just as seriously to protect consumers from rising prices, writes Jon Seal. Think about it, if the water stops how long will it take you to notice? Turn off the internet, and with the majority of us glued [...]
Dame Mary Quant: British fashion designer who popularised the mini skirt dies aged 93 April 13, 2023 Fashion designer Dame Mary Quant, who was widely credited with popularising the mini skirt, has died at the age of 93, her family said. The British fashion designer died peacefully at her home in Surrey on Thursday morning, a statement from her family to the PA news agency said. A statement released on behalf of her family [...]
Ed Warner: British amateur sport must take a match to bonfire of bureaucracy April 13, 2023 Different patterns of belonging in this social media age are a stiff challenge to those of us attempting to build membership rosters for sporting bodies. What can we offer to persuade amateur athletes and casual fans to give a chunk of their identities – and a few quid from their virtual wallets – to organisations [...]