KKR swoops on London-listed ContourGlobal in £1.75bn deal May 17, 2022 Investment giant KKR has agreed a deal to snap up London-listed power generation firm ContourGlobal for £1.75bn as it looks to bolster its renewable energy portfolio, the firms announced today.
London Irish look to win first top flight silverware in 20 years May 17, 2022 London Irish could lift their first piece of top-flight silverware since 2002 when they take on Worcester Warriors in the Premiership Rugby Cup tonight. Back then – against Northampton Saints in the Powergen Cup – it was the likes of Brendan Venter, Paul Sackey and Glenn Delaney. Now it’s centurion Wallaby Rob Simmons, Fijian powerhouse [...]
London hedge fund trader hiding in Dubai told to pay staggering £1.1bn to Danish taxman September 16, 2022 A British hedge fund manager and financier was slapped with a tax bill of more than £1bn. The man, accused by Denmark of masterminding a massive tax fraud, has been ordered by a Dubai court to pay Copenhagen’s tax authority £1.1bn, court filings show. The order by the Dubai Court of Appeal against Sanjay Shah [...]
Investors ditch London shares after fifth successive Bank of England rate rise June 16, 2022 Investors ditched London-listed stocks today after the Bank of England raised interest rates for the fifth successive meeting. The capital’s premier FTSE 100 index dropped 3.14 per cent to 7,044.98 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 3.05 per cent to below [...]
Sadiq Khan sends letters to London Tory rebels calling for TfL support June 13, 2022 Sadiq Khan has sent letters to London Tory MPs who voted against Boris Johnson in last week’s leadership vote to ask them to lobby for improved Transport for London (TfL) funding. In an attempt to drive a further wedge between Johnson and his backbenchers, Khan said the MPs should “lobby the Prime Minister and the [...]
Cooling Russia-Ukraine tensions lift London markets February 15, 2022 London markets bounced back yesterday as a seeming de-escalation in tensions between Russia and Ukraine cooled investors’ fears about an imminent invasion. The capital’s premier FTSE 100 index closed 1.03 per cent higher at 7,608.92 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, added 1.09 [...]
Telecoms watchdog set to protect some 700 of London’s iconic red phone boxes November 9, 2021 Ofcom is set to protect some 5,000 of the UK’s iconic telephone boxes from closure, which could extend to more than 700 in London. The telecoms regulator will ensure that payphones in locations not covered by all four mobile networks, located at an accident or suicide hotspot, has had more than 52 calls made from it over the last year and whether exceptional circumstances mean [...]
London energy startup Dare poaches former Monarch and Betfred finance whizz Barry Nightingale July 14, 2022 London-based energy tech company Dare revealed to City A.M. it has recruited Barry Nightingale as its new Chief Financial Officer, in what is said to be a major hire as the fundraising expert gained worked for a range of large UK firms. Nightingale previously held positions, including Chief Financial Officer and Finance Director, at Wejo, The Restaurant Group, [...]
Talented duo Israr and Mist can confirm priceless London Gold Cup form June 15, 2022 THREE-year-old handicaps are often notoriously difficult to solve, with many unexposed horses all potentially ahead of their opening marks. However, playing on the World Pool with tote.co.uk is perfect in these situations as it allows you to stick several horses together in a Quinella, offering the chance of a big return. This season’s Coronation Cup [...]
Sanctions bite: London-listed Russian mining firm Petropavlovsk to suspend trading and file for administration July 12, 2022 London-listed Russian gold mining firm Petropavlovsk will cease trading and file for administration after revealing it was unable to repay a $201m (£169.3m) loan to a sanctioned bank. Sanctions against Kremlin-linked firms continued to bite this week, with the Petropavlovsk in debt to Gazprombank, that has been targeted over the war in Ukraine. The bank [...]