Business

Archegos founder Bill Hwang sentenced to 18 years in prison Former Wall Street investor, Sung Kook “Bill” Hwang, has been sentenced to 18 years in prison in a massive fraud case that cost banks billions of dollars. The sentence comes after Hwang was found guilty of fraud and market manipulation in a case linked to … Read more

Kemi Badenoch rubs shoulders with Jeremy Clarkson as she ‘talks tactics’ to force Labour U-turn Tory leader Kemi Badenoch met with Jeremy Clarkson yesterday morning before he addressed thousands of farmers in Westminster. The former Top Gear star turned Home Counties farmer has brought the day-to-day struggles that British farmers face into the nation’s living … Read more

Metro marks end of ‘transition year’ with small profit dip | Globalnews.ca Grocery and drugstore retailer Metro Inc. ended its “transition year” with fourth-quarter earnings of $219.9 million, with an almost $1-billion supply chain transformation in the rearview mirror and plans to grow its store footprint in the coming year. “This transformation will provide capacity … Read more

Ofwat rules out customers paying £195,000 Thames Water boss bonus A £195,000 bonus awarded to the boss of Thames Water should not be paid for by customers, regulator Ofwat is expected to say on Thursday. The BBC understands the regulator will say that any bonuses paid should be borne by owners and lenders to the … Read more

Homebuyers face ‘hefty increase’ as stamp duty to jump by 110%, Coventry Building Society warns Homebuyers are facing a staggering 110 per cent increase in stamp duty payments by 2030, according to new analysis from Coventry Building Society. The research, based on Office for Budget Responsibility (OBR) forecasts, reveals stamp duty receipts will surge from … Read more

Rogers cuts a ‘few dozen’ audio jobs in tight advertising market – National | Globalnews.ca By Staff The Canadian Press Posted November 20, 2024 8:57 am 1 min read Descrease article font size Increase article font size Rogers Sports and Media has cut what it says are a “few dozen” jobs in its audio business. … Read more

E.On to pay out £14.5m after billing errors, Ofgem rules Almost 100,000 E.On customers with pre-payment metres will receive an average of £144 each because of an billing error by the energy supplier, the regulator Ofgem has said. E.On failed to pay the credit in the accounts of mostly vulnerable customers who had ended their … Read more