UK sanctions Dmitry Firtash and Isabel dos Santos as it ramps up crackdown on kleptocrats November 21, 2024 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.
Defence giant Thales faces UK bribery and corruption probe November 21, 2024 The Serious Fraud Office has launched an investigation into French defence giant Thales for suspected bribery and corruption. Authorities in the UK and France said they are carrying out a joint probe into the firm, which employs more than 7,000 staff in the UK. Thales is one of the government’s key defence contractors, and built hundreds of lightweight [...]
Defence secretary refuses to confirm whether UK missiles were used against Russia November 21, 2024 The defence secretary has insisted he “won’t be drawn on operational details” of the conflict in Ukraine amid reports UK-made missiles have been fired into Russia. Russia’s military said it has shot down two UK-made Storm Shadow missiles, following reports that debris from the weapons had been discovered in the country’s Kursk region, which borders [...]
MPs flag ‘major concerns’ over errors in labour survey November 21, 2024 An influential group of MPs has taken aim at the UK’s national numbers body today amid fears that errors in its labour survey are hamstringing “accurate” economic policy making. The chair of the Treasury Select Committee, Meg Hillier – a Labour MP – wrote to the boss of the UK Statistics Authority, Professor Sir Ian [...]
Leicester City break silence after sponsor declared bankrupt November 21, 2024 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.
Spike in PwC partners taking early retirement amid Big Four slowdown November 21, 2024 A larger-than-usual number of partners at PwC are choosing to step down at the end of this year, as the Big Four accountant looks to boost its performance amid slowing growth. The financial services giant’s 1,030 partners learned earlier this week that several dozen of their colleagues would be taking early retirement, after new UK [...]
HMV suspends plans for new shops as Budget hikes costs November 21, 2024 HMV has suspended plans to open more new stores next year, blaming the decision on the government’s tax-raising Budget. The company planned to open multiple shops in the UK in 2025, but HMV’s owner Doug Putman told The Telegraph yesterday that this proposal was now on hold following the Budget. Confirming the decision, Putman told [...]
Family-run coach firms reeling from inheritance tax overhaul November 21, 2024 While there are a handful of national players, around eight in ten small and medium sized coach operators in Britain are family-owned.
TV firm founded by Jake Humphrey and David Coulthard back in the black November 21, 2024 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, [...]
CMC Markets share price crashes after guidance remains unchanged November 21, 2024 CMC Markets stock price crashed over 13 per cent today after it failed to upgrade its full-year guidance – a move that was widely expected by investors. The company’s share price rallied in the run up to its half-year results that were published today, with many investors anticipating a revision to its outlook for the [...]