Cambridge Analytica files for bankruptcy in the US after Facebook privacy row May 18, 2018 Cambridge Analytica, the company at the centre of the Facebook storm over privacy, has filed for voluntary Chapter 7 bankruptcy in New York. The UK political consulting company voluntarily submitted a petition to declare bankruptcy at the US Bankruptcy Court Southern District of New York late last night. Cambridge Analytica had been under fire after [...]
Crossrail hands over Soho Place site to Derwent London for retail revamp and new West End theatre over Tottenham Court Road station January 17, 2018 Crossrail has handed over a West End site to developer Derwent London for work to get underway to develop a major £260m project over Tottenham Court Road station encompassing offices, retail and a new theatre. Crossrail land and property director, Ian Lindsay, said: This is the first Crossrail site to be handed over for full [...]
Rail campaign group threatens legal action against Chris Grayling over beleaguered East Coast franchise April 19, 2018 Transport secretary Chris Grayling is being threatened with legal action by a campaigning group over the controversy surrounding the Virgin Trains East Coast mainline. Bring Back British Rail has instructed law firm Leigh Day to seek a judicial review of Grayling’s handling of the franchise, after it was announced that Virgin and Stagecoach’s joint contract [...]
What is a CVA? Insolvency process used by House of Fraser, Carluccio’s, Mothercare and more June 7, 2018 What is a CVA? A company voluntary arrangement (CVA) is a type of insolvency process used to pay creditors over a fixed period. It means a company may not have to pay back all of its debts. Unlike going into administration, the company does not fall into the hands of a third party. Instead, an [...]
From towering glaciers to barnacle-encrusted whales, Lizzie Pook heads to unexplored east Greenland to learn how to capture this wild land on camera November 5, 2018 Spend enough time in the Greenlandic wilderness and everything starts to take on a cinematic quality. Inky waters roiling with dolphins seem like they should be scored by the soaring strings of an orchestra. Cathedral-sized icebergs, like colossal sparkling geodes, pass gracefully in the manner of silent film stars. Everything looks like opening credits; a [...]
Ministers are “pulling wool over eyes of the people” by redacting Brexit impact assessment November 28, 2017 The government has been accused of “pulling the wool over the eyes” of the British public by failing to publish a complete version of its Brexit impact assessment. Brexit minister David Davis has written to the Brexit Committee to say 850 pages of detailed analysis on the impact of Brexit on the UK’s economy will [...]
Dave Lewis tells court of tension and disagreement at Tesco at time of his appointment November 2, 2017 Tesco chief executive Dave Lewis gave evidence in the trial against his former colleagues today, as three former executives faced charges of fraud and false accounting. Lewis shone a light on the tensions already present at the supermarket when he was appointed in 2014 in proceedings at Southwark Crown Court today. The former Unilever executive [...]
Unaoil bribery probe: Serious Fraud Office (SFO) charges Ziad Akle and Basil Al Jarah in Unaoil investigation November 16, 2017 The UK’s Serious Fraud Office (SFO) today charged two people amid an ongoing investigation into Monaco-based oil firm Unaoil. Ziad Akle and Basil Al Jarah were both charged by requisition with conspiracy to make corrupt payments to secure contracts in Iraq to Unaoil’s client SBM Offshore between June 2005 and August 2011. Akle was Unaoil’s [...]
There are good reasons to be optimistic about the City’s prospects post-Brexit January 6, 2017 The risk and uncertainty of Brexit has cast a shadow over parts of the City, with some worried that two of London’s great crowns – global litigation centre and global financial capital – will be threatened. But how much will London’s standing on the world stage change in these respects as a result of Brexit? [...]
Tesco fraud trial: Former chairman Sir Richard Broadbent gives evidence November 9, 2017 Former Tesco chairman Sir Richard Broadbent told a court yesterday of the pressure facing Tesco in 2014 which caused him to replace the company’s chief executive. As early as 2013, Broadbent told the jury, “you could tell results were beginning to show a downward trend”. He said he had taken the decision to find a [...]