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Wigan Athletic face new EFL charges and docked three points after failing to pay players on time
Wigan Athletic have been docked three points after failing to pay player salaries this month. The Championship club were previously sanctioned by the EFL after failing to meet contract terms in June, July and October last year. The EFL added that Wigan’s owner has also failed to deposit an amount equal to 125% of their …
Business
Sky News
A five-stop tour through the banking panic of 2023 | Ed Conway
The problems of the financial system today are perhaps best summarised by the title of the Oscar-winning film “Everything Everywhere All at Once”.Lots of noise, lots of small explosions, lots of confusion and idiosyncratic episodes happening throughout the developed world, which seem to amount to a chaotic mess. To top it off, some of the …
Business
Sky News
Ministers to pursue loosening of bank rules in teeth of industry crisis
Ministers are to pursue another step towards loosening the banking reforms introduced after the 2008 financial crisis despite the turmoil which prompted the emergency takeover of Credit Suisse at the weekend.Sky News has learnt that the Treasury will publish a call for evidence in the coming days about overhauling the Senior Managers and Certification Regime …
Business
Sky News
Credit Suisse fails to rule out redundancies but tells staff their bonuses are safe
Embattled Credit Suisse has told its staff there is “no immediate change” to their jobs and it plans to complete bonus payments ahead of the bank’s forced takeover by its larger domestic rival UBS.A 42-point question-and-answer-style memo to workers, seen by Sky News, aimed to brief them on the implications of the deal struck over …
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Business Live
Lhyfe signs agreement with Centrica to explore hydrogen production in UK
A company that is aiming to open a hydrogen production facility in the North East has signed a deal with energy giant Centrica that could accelerate its plans. French firm Lhyfe – which has opened an office in Newcastle ahead of plans to produce hydrogen at a site in the region – has signed a …
Business
Business Live
Social housing provider Mears Group forced to delay financial results
Mears Group has been forced to delay the release of its financial results due to the “unanticipated” absence of a senior auditor. The housing and social care provider said its auditor Ernst & Young LLP (EY) had told it a senior member of staff, responsible for signing the Gloucester-based group’s accounts, would not be available …
Business
Evening Standard
Why are stock markets still falling and how worried should we be?
Stock markets globally have failed to be reassured by the emergency takeover of Credit Suisse and co-ordinated central bank action over the weekend as fears over a banking crisis remain at the fore.The rescue deal for the troubled Swiss banking giant comes after a tumultuous past couple of weeks for banks, sparked by the collapse …
Business
Business Live
Leon co-founder Henry Dimbleby quits as Government’s food tsar
The co-founder of Leon has quit as the Government’s food tsar after five years in the role. Henry Dimbleby resigned his post at the Department for Food, Environment and Rural Affairs last week. Speaking to the Sunday Times, the businessman said the Conservatives were refusing to impose restrictions on the junk food industry due to …
Business
Evening Standard
FTSE drops heavily after Credit Suisse rescue deal fails to calm markets
The FTSE 100 lost close to 2% of its value on Monday morning after Swiss authorities announced they had secured a rescue deal for Credit Suisse.London’s top index fell by as much as 129 points shortly after the markets opened, led lower by the biggest banks in the country.Standard Chartered saw its shares fall by …
Business
Sky News
DUP says new Brexit deal doesn’t address ‘fundamental problems’ with Northern Ireland Protocol
Rishi Sunak’s new Brexit deal for Northern Ireland doesn’t address the “fundamental problems” with the protocol it is intended to replace, the DUP has said. The unionist party has released a fresh assessment of the Windsor Framework ahead of a crunch vote in the House of Commons on Wednesday. While it is not an official …
Business
Business Live
Contract extension handed to Avanti West Coast after ‘recent improvements’
A short-term contract extension has been handed to train operator Avanti West Coast by the Department for Transport (DfT). The FirstGroup-owned operator has struggled with reliability and punctuality during parts of the past year. Its contract was due to expire at the end of March but has been extended until October 15. Transport Secretary Mark …
Business
Evening Standard
FTSE set to fall after UBS agrees rescue for Credit Suisse
The FTSE 100 is expected to open lower after struggling bank Credit Suisse was sold to Swiss rival UBS.London’s top index is on track to fall by around 1% as it opens trading on Monday following a bruising session last week.Markets in Asia were struggling earlier in the morning, with shares in Hong Kong falling …

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