New unit to clamp down on firms dodging Russian trade sanctions December 11, 2023 A new government unit is being set up to crack down on companies flouting Russian trade sanctions and funding its invasion of Ukraine. The office of trade sanctions implementation will issue civil penalties for breaches and refer cases to HM Revenue and Customs for criminal enforcement, industry and economic security minister Nusrat Ghani announced. The [...]
Shell to ditch retail energy arm as suitors circle its 1.5m UK customers June 6, 2023 Shell has confirmed it has decided to exit its home retail energy businesses in the UK, Germany and the Netherlands.
Libor-rigging: Senior MPs demand inquiry into claims parliament was ‘misled’ May 24, 2023 MPs are demanding an inquiry into claims that central banks and authorities misled parliament during their investigations into the rigging of the London Interbank Offered Rate, known as Libor. The new claims come from a new book on the Libor scandal by BBC economics correspondent Andy Verity called ‘Rigged’, which The Times is publishing extracts [...]
Fraud ‘epidemic’ may be even worse than figures suggest, experts warn July 4, 2023 The scale of fraud in the UK may be significantly higher than figures show, suggesting the fraud epidemic is even worse than feared, according to industry experts. Fraud has skyrocketed in recent years as a result of the rise of online payments, the pandemic and lax enforcement. Figures from UK Finance put the total lost [...]
Former Autonomy boss back in court over loss suffered by HP February 10, 2024 Lawyers for the former boss of software firm Autonomy will be back in court on Monday as Hewlett-Packard (HP) seeks damages over losses it suffered.
Whitty report says toxic air pollution down 44 per cent in central London thanks to ULEZ December 8, 2022 London has emerged as a “world leader” in tackling toxic air pollution according to a new report by chief medical officer Sir Chris Whitty. His latest findings reveal the dangers of pollution in the capital, but show Nitrogen Dioxide (No2) concentrations by roads are down a fifth in inner London and 44 per cent in [...]
Moneysupermarket: Owner of Martin Lewis’ MoneySavingExpert takes inspiration from Abrdn as new name revealed May 2, 2024 Moneysupermarket.com, the owner of MoneySavingExpert and Quidco, has taken inspiration from Abrdn as it revealed its new name.
Ti Fluids reports lower sales on electric vehicle headwinds May 2, 2024 Revenue in Europe and the Middle East rose by 4.2 per cent, although total revenue was dragged down by a 10.8 per cent fall in the Asia Pacific region and a 3.4 per cent fall in the Americas.
300-year-old Marylebone estate Howard de Walden enters co-working market November 3, 2022 A 300-year-old estate that owns Marylebone is making an entrance in to the co-working sphere after office rental income dropped last year. Howard de Walden, which is worth about £5bn, is partnering with Spacemade to operate a flexible working facility in the area of central London. It made the move after its results showed permanent [...]
Tortilla Mexican Grill cancels bonuses for top bosses after profits target missed May 1, 2024 The top bosses at Tortilla Mexican Grill were not paid their bonuses for the company's latest financial year after a ket target was missed.