Shellfish and shit: How sewage is soiling towns like Whitstable January 5, 2024 As water companies wash their hands of responsibility for sewage spillages, a swimmers’ coalition SOS Whitstable is fighting back...
Trio of ex-Barclays bankers accused of lying in Old Bailey fraud trial October 8, 2019 Three senior former Barclays executives were today accused of lying about disguised payments to Qatar to facilitate a massive investment in the bank at the height of the financial crisis. The three senior former executives – Roger Jenkins, Thomas Kalaris and Richard Boath – are standing trial at the Old Bailey on fraud charges. The [...]
Nearly 40 places apply for UK city status with entries from Gibraltar and the Cayman Islands January 4, 2022 Nearly 40 places across the UK and British Overseas Territories have applied to win city status as part of a competition being run in honour of the 2022 Platinum Jubilee.
Seven things banks will be looking out for in 2024 December 31, 2023 A challenging year is in the offing for lenders – from regulatory reform to fraud crackdowns
Covid: Fewer London hospital patients require ventilation January 2, 2022 Fewer hospitalised Covid patients in London are requiring ventilation compared to previous waves, according to the latest data.
NatWest books £300m in legal fees to deal with money laundering fallout October 29, 2021 NatWest has set aside nearly £300m in legal fees to deal with the fallout of admitting it allowed money laundering to take place in the bank. The bank announced in its third quarter results that it booked a £294m litigation and conduct charge during the period. NatWest recently became the first British bank to admit [...]
Hedge funds to end 2021 with positive inflows for the first time since 2018 December 15, 2021 Global hedge funds are poised to achieve positive inflows for the first time in three years, thanks to strong returns and an investor shift to alternative assets during a period of volatility and rising inflation.
London’s Storfund lands £300m mega-deal for ecommerce marketplace financing October 27, 2021 UK fintech Storfund, which optimises the cash cycle for merchants selling on ecommerce marketplaces, has struck a £300m debt funding deal with Fasanara Capital. It’s the latest in a string of investments by Fasanara into e-commerce lending platforms, and marks a significant step up from Storfund’s last £26.5m funding round in February, led by Union Bancaire [...]
Chief execs in Boris Johnson’s position would fall on their sword for rule-breaking March 30, 2022 In the corporate world, there was a slightly different take on “party-gate” than the conventional wisdom of Westminster, which has waited for fines to be doled out to look again at allegations of wrongdoing during lockdowns. The invasion of Ukraine has, understandably, taken over as priority, but it should not be able to fly under [...]
FTSE closes higher as US stocks pause after busy week for earnings April 30, 2021 The FTSE 100 closed higher today as the economic recovery optimism poised the index for its largest monthly gain since November last year. The blue-chip index rose 0.2 per cent, boosted by positive earnings updates from AstraZeneca and Smurfit Kappa. Meanwhile, the mid-cap FTSE 250 also rose by 0.56 per cent. Both indexes have risen [...]