Total makes major UK offshore gas discovery September 24, 2018 Oil and energy giant Total has announced a major gas discovery off the coast of the Shetland Islands in the North Sea. The French multinational company said it made the discovery on its Glendronach prospect – drilling a well to a depth of 4,312 metres and encountering a gas column in a reservoir. Read [...]
Dialling down the music won’t reduce London’s crime rate September 24, 2018 Earlier this year, a drill rap group known as 1011 was issued with a court order banning them from making music without police permission. The five west London teenagers were arrested last year for conspiracy to commit violent disorder. The criminal behaviour court order, requested by the police, specified that the group must notify [...]
48 hours in London September 24, 2018 | Sponsored Where to Stay Next door to the British Library and St. Pancras, the seriously stylish Pullman London St. Pancras is the ideal base to explore the capital with a buzzing, quirky lobby, large gym, art installations and the most comfortable beds in London. Visit pullmanhotels.com Where to go Skip the usual tourist traps and [...]
Thomas Cook share price dives after summer heatwave hits profits September 24, 2018 Thomas Cook's share price crashed more than 20 per cent in early morning trading, after the firm was forced to slash its profit forecasts in the wake of a blistering summer heatwave. The UK travel giant said it expected core earnings (Ebit) would be roughly £280m for the 12 months to the end of September, [...]
United Nations to investigate how financial sector can fight modern slavery September 24, 2018 Leaders from the financial sector, global regulators and non-governmental organisations will work alongside survivors as part of a new United Nations (UN) commission which aims to explore the role of the financial sector in fighting human rights abuses. The Financial Sector Commission on Modern Slavery, launched today, will examine the ways in which financial services [...]
Magic Circle deal star Nigel Boardman’s next act September 24, 2018 Slaughter and May deal star Nigel Boardman is approaching the second act of his career with the same strategic approach that made him the most renowned English corporate lawyer of the last 20 years. When he retires from Slaughters’ partnership at the end of April to become a part-time consultant with the firm it [...]
Bank Pekao backs London as post-Brexit gateway to Poland September 24, 2018 The boss of Poland’s biggest corporate and investment bank has backed the City to remain Europe’s top financial hub as he targets increased investor interest in the growing Polish economy. Michal Krupinski, Bank Pekao’s chief executive, will today unveil a new London office to serve the large British investor community looking for Polish assets, as [...]
Moneyland review: How the world’s ultra-rich get away with it September 23, 2018 What do Japanese surrogate babies, luxurious London condos and the tiny Caribbean island of St Kitts have in common? For Oliver Bullough, they’re all part of the terrifying and vertigo-inducing ways the world’s ultra-rich – the denizens of what he dubs ‘Moneyland’ – protect themselves and their money. In Moneyland: Why Thieves and Crooks Now [...]
China will ‘open up’ for business elsewhere as Trump’s tariffs set to begin September 23, 2018 China will “open up” for business by cutting import and export cost for foreign firms, its premier said as trade talks with the US stalled ahead of fresh tariffs. Further tariffs on $200bn (£153m) worth of Chinese products will be imposed by the US on Monday and talks between the two nations set for next week [...]
Company behind £1.3bn tidal lagoon scheme strikes debt deal September 23, 2018 THE firm behind a £1.3bn tidal lagoon project has agreed a company voluntary agreement (CVA) to resurrect the project and pay off its debts. The Swansea Bay Tidal Lagoon project was rejected by the UK government in June after ministers refused to pay the subsidy needed to build the world's first tidal power lagoon. Tidal [...]