London legend Charlie Mullins sells his Pimlico Plumbers empire for nearly £100m September 21, 2021 London’s best-known plumber, Charlie Mullins, is selling the company he founded more than 40 years ago – Pimlico Plumbers – to U.S.-based Neighborly. Fnancial details of the transaction were not disclosed, but Mullins reportedly pockets close to £100m, according to various media reports. Founded in 1979, Mullins started the company by working from home with [...]
Exeter’s chief problem: Why don’t they have a main sponsor? September 20, 2021 On Saturday, Exeter Chiefs’ Premiership campaign began with a 34-19 loss at Leicester Tigers. Remove the result, the return of the roaring terraces and professional rugby’s big kick-off, and you may have noticed a commercial anomaly in the away side’s kit: Exeter’s shirt was missing a main sponsor. Little more than a year ago, Chiefs [...]
Energy supplier SSE: No decision to break up group September 20, 2021 Bosses of energy company SSE said there had been no decision to break the company up, they said following media speculation. In a note published on Monday, the supplier said there had not been a decision to break up the group. SSE said it would provide an update on plans to further accelerate growth in [...]
A confusing catalogue of crypto curiosities – what a week that was! September 17, 2021 It's been a strange week in the world of crypto, writes Jason Bourne, as we reflect on a catalogue of curiosities.
Andrew Neil was in a ‘minority of one’ about future of beleaguered GB News channel September 17, 2021 Differences over the direction in which channel GB News was heading prompted Andrew Neil to step down as chairman. The journalist and broadcaster, 72, appeared on BBC’s Question Time days after announcing his departure from the fledgling channel in a tweet where he said it was “time to reduce my commitments on a number of [...]
KPMG: Britain’s tax system is having an identity crisis September 17, 2021 Every so often a debate about UK tax policy cuts through into the media and public imagination, as we’ve seen in this last couple of weeks. The Health and Social Care levy has thrown a light on some big questions about how, and from whom, we raise money to fund the country’s public spending needs. [...]
Reshuffle day two: Jesse Norman sacked as Treasury minister September 16, 2021 Boris Johnson continues his reshuffle today, after a major shakeup to his top team yesterday afternoon. Johnson will fill dozens of ministerial roles that sit under the secretary of state in each department. 17.56 International trade minister sacked Trade minister Graham Stuart has been sacked, along with two others in the latest announcement. Stuart had [...]
Goldman Sachs’ CityFibre rallies £1.1bn in bid to muscle in on BT’s market share – CityAM : CityAM September 16, 2021 Challenger broadband firm CityFibre has rallied £1.1bn in fresh capital in its bid to muscle in on BT’s market share. The London-based company has sold off its £825m stake to Interogo Holdings, the Swiss-based firm that bankrolls Ikea and Abu Dhabi sovereign wealth fund Mubadala, according to The Telegraph. The figure also includes a £300m [...]
Reshuffle: Boris Johnson keeps one-time saboteur Michael Gove close September 15, 2021 Seeing Michael Gove as a man who can get a tough job done, the Prime Minister has tasked his one-time saboteur with taking on responsibility for his flagship “levelling up” agenda. Bascially, Boris Johnson wants to keep his allies close and Michael Gove even closer. All that while tackling the housing crisis and pushing through [...]
Reshuffle: Robert Jenrick leaves cabinet after one controversy too many September 15, 2021 Robert Jenrick sought to present himself as a clean-cut professional in the Cabinet, but the axe fell on the housing secretary after a string of high-profile and damaging accusations. His sacking from Boris Johnson’s top team followed the unlawful approval of a Tory donor’s housing development and his eyebrow-raising journeys during lockdown. As Secretary of [...]