Activist investor calls for BP chair to quit after ’embarrassing’ performance October 13, 2024 An activist investor famed for ousting senior leadership has called for BP chair Helge Lund to quit after the oil major’s “embarrassing” performance. Bluebell Capital Partners, a London-based hedge fund, has written to BP’s board board twice in the past few weeks attacking its management and the firm’s approach to the transition. Bluebell co-founders, Guiseppe [...]
Post Office boss told he did not need to ‘dig into’ Horizon scandal October 9, 2024 The outgoing Post Office chief executive said he was told he “did not need to dig into the details” of the Horizon IT scandal when he joined the business despite it having led to the wrongful prosecution of hundreds of sub-postmasters. During what was the first of three days of evidence at the Horizon inquiry, [...]
Met Police misconduct settlements double in past year October 9, 2024 The Metropolitan Police has paid out £7.6m to settle misconduct claims in the past year, over double the 2022-23 total, as the force looks to resolve hundreds of claims involving instances of wrongdoing by officers.
Record number of millionaires to leave UK as top academics join calls for exit tax October 8, 2024 The UK is set to lose the greatest proportion of millionaires in the world in the next four years, new analysis suggests, as a group of respected academics joined growing calls for Rachel Reeves to introduce an exit tax at the upcoming Budget. The Adam Smith Institute’s (ASI) Millionaire Tracker – a new initiative from [...]
Israel vows to retaliate after Iran missile barrage October 2, 2024 The prospect of a regional conflict loomed large over the Middle East on Tuesday, after Iran launched a series of missiles into Israel in an attack for which Israeli forces promised there would be “consequences”. Over the course of several hours, nearly 200 missiles were by fired by Iran into Israel, according to Israeli army [...]
UK calls time on coal as it closes last remaining plant October 1, 2024 The UK has shut down its only remaining coal-fired power station, bringing to an end a 142-year dependence on the fossil fuel by the country that invented it as an industrial power source. The country’s last remaining coal power station, located in Nottinghamshire’s Ratcliffe-on-Soar, ceased operations at midnight on Monday, signalling a new chapter for [...]
Business confidence ticks down ahead of Budget September 30, 2024 Business confidence dropped to a three-month low in September, in yet another sign of firms adapting to the sombre tone ahead of the Budget.
Sir Paul Marshall pulls out of race to own Telegraph September 29, 2024 Sir Paul Marshall has not submitted a formal offer for the Telegraph despite being regarded as one of the auction's front-runners.
Mervyn King warns against government changing way it measures debt September 29, 2024 Mervyn King has warned Rachel Reeves against altering how the government defines its debt in the upcoming Budget, and called for the fiscal rules to be assessed by parliamentary term. Speaking in an interview on BBC Radio Four’s Broadcasting House, the former governor of the Bank of England said that the way the government polices [...]
City sounds alarm over fears that non-dom reforms won’t raise money September 27, 2024 Leading city figures have urged the government to adapt its planned reforms to the non-dom tax regime, after it was revealed that Treasury officials are concerned that the reforms may not raise any money. Labour has promised to scrap the non-domicile (non-dom) regime – a tax status that allows wealthy foreign nationals only to pay [...]
