UK sanctions Dmitry Firtash and Isabel dos Santos as it ramps up crackdown on kleptocrats Politics The UK has issued fresh sanctions against a series of “unscrupulous kleptocrats”, including Ukrainian oligarch Dmitry Firtash and Angolan billionaire Isabel Dos Santos, as it cranks up its crack down on corruption and dirty money.
Leicester City break silence after sponsor declared bankrupt Sport Business Blockdance BV and Small House BV, which operated BC.Game from Curacao, were declared bankrupt by a court on the Caribbean island this month for allegedly failing to pay customers and meet regulatory requirements.
TV firm founded by Jake Humphrey and David Coulthard back in the black Business Whisper Films, the TV production company co-founded by broadcaster Jake Humphrey and former F1 driver David Coulthard, returned to the black during its latest financial year as its turnover jumped. The business, which was also set up by BAFTA-winning CEO Sunil Patel, has posted a pre-tax profit of £4.3m for the 12 months to 31 March, [...]
Frasers tells Boohoo Mahmud Kamani must go: ‘His title might have changed but his grip has not’ November 21, 2024 Frasers has been quick to respond to Boohoo’s announcement that executive chair Mahmud Kamani will step back to vice chair, claiming it is not enough and he “must go”. This morning, Boohoo’s top investor called for a shareholder’s meeting to remove Kamani as a director and to replace him with Mike Ashley and Mike Lennon. At [...]
HSBC poaches Citi veteran to lead Innovation Banking November 21, 2024 HSBC has poached Citigroup veteran Emily Turner to be chief executive of its Innovation Banking arm, formerly known as Silicon Valley Bank UK. Turner is due to join the bank in February, subject to regulatory approval, succeeding Erin Platts – who will join investment firm Octopus Ventures in the new year. A 13-year veteran of [...]
Great Britain triathlon star Alistair Brownlee retires November 21, 2024 Alistair Brownlee might have done more than any other British athlete when it comes to leaving his sport in a better place than he found it. The 36-year-old has announced his retirement from triathlon after a glittering 18-year career gilded by two Olympic gold medals and a host of major titles. When Brownlee started competing, [...]
Inheritance tax receipts rise as Brits warned to ‘make plans to pass on wealth’ November 21, 2024 Inheritance tax receipts have risen again as experts are warning Brits to better plan for the passing on of wealth, after the Autumn Budget changes. Fresh figures released this morning show inheritance tax receipts for between April and October of this year are £5bn, which is £500m higher than the same period last year. This [...]
Boohoo co-founder replaced amid battle with Mike Ashley’s Frasers Group November 21, 2024 The public spat between Mike Ashley’s Frasers Group and Boohoo has taken another turn as the struggling fast-fashion retailer announced its co-founder Mahmud Kamani was replaced as chairman. Non-executive director Tim Morris has taken on the role with immediate effect with Kamani becoming vice chairman. In a statement, the board of the Manchester-headquartered group said [...]
Close Brothers restarts motor finance lending following landmark ruling November 21, 2024 Close Brothers has restarted its motor finance lending practice a month after a landmark court ruling over the legality of its business. On 25 October, a court ruled that a broker could not lawfully receive a commission from the lender without obtaining the customer’s fully informed consent to the payment, sending the entire motor finance [...]
JD Sports: Shares slump as profit at FTSE 100 giant to be at lower end of expectations November 21, 2024 JD Sports has revealed its full-year profit will now be towards the lower end of its expectations after softening consumer demand hit its sales. The Greater Manchester-headquartered FTSE 100 giant had previously set a target for its pre-ta profit of between £995m and £1.035bn but it has now confirmed the total will be towards the [...]