How a BBC Radio 1 DJ helped alcohol-free brand Lucky Saint open its first London pub January 30, 2023 Alcohol-free beer brand Lucky Saint is to open its first pub after securing £10m to supercharge its ambitious growth plans. The pub, which will also operate as the group’s headquarters, is due to open in Marylebone in March 2023. Luke Boase, founder of the business, said that for now the opening will be “the only [...]
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 [...]
Workspace leaser IWG’s revenues surge as firm seeks to capitalise on hybrid working November 1, 2022 Serviced office provider IWG today said the move to hybrid working is driving demand for its workspaces after posting “strong” results that saw its revenues increase 25 per cent compared to last year. The office landlord today said its group revenues for the three months ending on September 30 were 25 per cent higher than [...]
FCA bans London Capital & Finance boss over scandal which lost investors more than £200m February 13, 2024 The Financial Conduct Authority has fined and banned one of the former bosses of London Capital & Finance today over his role in the mini-bond scandal that left investors millions of pounds out of pocket.
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 [...]
Debts, disputes and a ‘shadow CEO’: The curious case of Truspine June 18, 2024 Truspine Technologies has failed to take off since it floated nearly four years ago - and some are arguing this failure merits further investigation by City regulators. City A.M. takes a closer look at the firm’s labyrinthine history, uncovering a myriad of debts, disputes and detractors
Home REIT starts suing its own tenants as shareholders and regulators circle May 7, 2024 The former FTSE 250 investor said it had collected £300,000 of its total rent in April, just 11 per cent of the total billed amount for the month.
What could we see from Labour’s election manifesto? January 25, 2024 Labour leader Keir Starmer has set a deadline for draft manifesto submissions - so what could the party offer the UK at a general election?
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.