Shortages saga: A third of UK mid-size firms forced to slim down offerings October 4, 2021 With the UK’s supply chains riddled with labour shortages and continued Covid-19-related hang-ups, a third of mid-size firms have been forced to reduce their offering. More than 34 per cent of businesses already trimmed their product lines and services by mid-September – before the fuel crisis had gripped the nation, according to accountancy firm BDO. [...]
Marble Arch Mound saga: Westminster Conservatives ‘lack financial control’, says Labour councillor October 20, 2021 Labour Westminster councillor Paul Dimoldenberg has accused the council of being ‘untrustworthy’ with public money following the £6m Marble Arch Mound saga. The Westminster Council yesterday published its internal review into how the costs for the project swelled from £2m to £6m within a matter of months. “The £6m Marble Arch Mound fiasco has shown [...]
If Sue Gray becomes Starmer’s chief of staff, she’ll have some answers to give March 6, 2023 Sue Gray has every right to take the job as Keir Starmer's chief of staff. But because of her involvement in the "Partygate" saga, she must clarify what happened in the background, writes Eliot Wilson
Parliamentary inquiry into Cameron Greensill saga says lobbying rules are ‘insufficient’ July 20, 2021 A parliamentary committee looking into the Greensill saga blasted ex-prime minister David Cameron for the “significant lack of judgement” he showed in his support for the failed firm. The “Lessons from Greensill Capital” report by the Commons Treasury Select Committee found that the current ministerial lobbying rules are “insufficient” and “there is a good case [...]
Planet Crypto: Could Binance’s CZ be a Bond villain? November 11, 2022 This week, those satirical sharpwits at Planet Crypto have honed their comedy pencils on the bizarre saga between Binance chief Changpeng 'CZ' Zhao and FTX founder Sam Bankman-Fried.
Sub-postmaster saga batters Post Office recruitment chances May 26, 2021 On April 23, judges quashed the convictions of 39 Post Office workers who were wrongfully convicted of stealing money thanks to a flaw in the Horizon IT system. Described as “the UK’s most widespread miscarriage of carriage”, the long-running saga put an ordinarily uncontroversial institution at the centre of a media firestorm. The business has [...]
Mark Kleinman: Telling Sid is a risk for Hunt’s Natwest sale November 30, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Gamestop saga is a good argument for the possibilities of crypto February 16, 2021 As Gamestop stock fell back to earth after a precipitous rise, it marked an end to the biggest short squeeze in 25 years, which for a time transferred substantial wealth from Wall Street to Main Street. But the saga has left a lasting legacy in the markets, exposing how current financial ecosystems are fundamentally skewed [...]
Government approves £4.25bn sale of Chelsea May 25, 2022 The government has given its approval to a £4.25bn takeover of Chelsea by a US consortium, concluding a two month saga at the West London club.
Chinese Uber rival Didi’s users drop by 30 per cent after US IPO saga – CityAM : CityAM September 16, 2021 Chinese ride-hailing giant Didi has lost 30 per cent of its app’s daily users since its $4.4bn IPO in New York at the end of June, in the latest blow to the company following Beijing’s harsh regulatory crackdown for an alleged data breach. Didi’s average daily users plunged to 10.9m in August from 15.6m in [...]