HMRC’s tax dispute with accounting firm EY and Jamie Ritblat, a British property investor and Tory donor, has been placed on hold as settlement talks take place, City A.M. has …
May 2024
FTSE 100 today: Footsie to open lower amid political uncertainty and wavering rate cut bets
Moving markets today: Asian stocks drop on speculation of delayed Fed cuts; gold set for weekly decline; US regulator greenlights Ethereum ETFs; attention on UK retail sales and US consumer …
Tech industry pushes Sunak to pass key data protection bill before the election
Top executives in the technology and media sectors are pressing the government to usher through two major bills before the looming general election. The Data Protection and Digital Information Bill (DPDI) and …
‘It’s a bit of a rollercoaster’: Wizz Air boss says engine problems will last for another two years
Capacity issues at Wizz Air caused by faults in its Pratt & Whitney-built engines will continue for at least two years, according to the airlines chief executive. In an interview …
Haldane: Bank of England only ‘six months late’ if it starts cutting rates in June
Interest rate cuts will only be “six months late” if the Bank of England starts cutting in June – which it probably won’t, its former top wonk has said. Speaking …
Island Poke: London’s hot lunch spot files CVA to High Court
London-based health food chain Island Poke has called on restructuring giant Begbies Traynor for help. Two partners, one from the firm’s business rescue and recovery team and the other from …
Cazoo: Was online car retailer always doomed to fail?
The downfall of online car retailer Cazoo was cemented this week when it was confirmed it had collapsed into administration. With its New York-listed parent company also heading for liquidation, …
Football regulator delayed by Rishi Sunak’s surprise General Election call
The much-heralded independent regulator for English football has been delayed as a result of Prime Minister Rishi Sunak’s decision to call a General Election on 4 July. The Football Governance …
Taking the biscuit: Oreo maker Mondelez fined £287m by EU for cross-border trade curbs
Oreo maker Mondelez International was fined 337.5 million euros ($365.7 million) by EU antitrust regulators on Thursday for impeding cross-border trade of chocolate, biscuits and coffee products between EU countries. The …
Net migration falls as Sunak admits no planes will leave for Rwanda pre-election
Net migration to the UK has fallen by 10 per cent, according to official estimates, as Rishi Sunak was forced to admit no deportation flights to Rwanda would take off …