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William Hill to pay record £19 million penalty for social responsibility failings
William Hill will pay a record £19.2 million penalty for “widespread and alarming” social responsibility and anti-money laundering failures, as the Gambling Commission said it seriously considered suspending the betting firm’s licence.The “settlement” is the largest in the Gambling Commission’s history, overtaking a £17.1 million payment made by Entain last year. The watchdog said it …
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Evening Standard
Housebuilder Bellway sees signs of recovery from tough 2022 as buyers adjust to new normal for mortgage rates
Housebuilder Bellway saw private home reservation rates slump by more than 40% in 2022, but its CEO said trading has picked back up in 2023 as buyers get used to a new normal for mortgage rates.Profit dipped by 2.1%, partly due to what CEO Jason Honeyman called “challenging operating and trading conditions in the period”.Bellway’s …
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Evening Standard
Diageo’s Ivan Menezes to step down as chief executive
Multinational spirits giant Diageo has appointed its first female chief executive after announcing the retirement of Sir Ivan Menezes after a decade in the top job.Debra Crew will step up from her current position as chief operating officer and lead the FTSE 100-listed business from July 1.Mr Menezes joined Diageo, which owns brands including Johnnie …
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Investment giant Vanguard to open first UK office outside London in city centre landmark
An investment giant has signed a deal to open an office in a landmark building in Manchester city centre. Vanguard is to lease the seventh floor at the Landmark office development in St Peter’s Square. The company has taken a 10-year lease for the 14,013 sq ft and will join the likes of HSBC UK, …
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Plans for 120 homes on quiet country lane refused for fourth time
Plans to build 120 homes on a quiet country lane in the Leicestershire countryside have been refused for a fourth time. Hundreds of people objected to the plans by Davidsons Homes to develop a site on green fields in the west Leicestershire village of Desford. There were concerns that it would be built on a …
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Works starts on final phase of Redditch Gateway
Construction has started on a huge new industrial development in the West Midlands. Birmingham-based developer Stoford is leading the second and final phase of the Redditch Gateway scheme near junction three of the M42. It is constructing two new grade A warehouses that will deliver around 450,000 sq ft of logistics accommodation to the market. …
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Dreams opens new £2m warehouse in the Black Country
Bed retailer Dreams has launched a large new £2 million distribution centre in the Black Country. The company has opened a 260,000 sq ft warehouse hub in Willenhall, the largest within its 18-strong network across the UK. The new facility will support faster deliveries to customers within the Midlands region and wider country and has …
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Plans rejected for 98 room National Forest hotel and spa
Plans for a 98 room hotel and spa at a golf course on the edge of the National Forest have been rejected. Golf club operator Sparsis Leisure had applied to develop land next to Forest Hill Golf Club, in Markfield Lane, Botcheston, a few miles west of Leicester. Leicester City Football Club briefly considered redeveloping …
Business
Evening Standard
Tortilla swings to loss after ‘unprecedented’ food and energy inflation
Burrito chain Tortilla Mexican Grill has revealed it swung to a loss last year as it came under pressure from “unprecedented” food and energy costs, and avoided raising its prices above inflation.The fast-casual restaurant chain insisted its sales have benefited from consumers opting for value-for-money meals over dining out at restaurants.Its revenues jumped by a …
Business
Evening Standard
Family run US bank rescues tech lender Silicon Valley Bank
FAILED tech lender Silicon Valley Bank was taken over today by First Citizens in a deal that will cost about $20 billion but offered hope that the crisis of confidence in the global banking system could be easing.SVB’s UK arm was sold to HSBC for £1 in a rescue bid two weeks ago, a deal …
Business
Evening Standard
More than 94,000 prepayment meters forcibly installed in homes last year
More than 94,000 prepayment meters were last year forcibly installed in homes without customer consent – 70% of them by British Gas, Scottish Power and OVO Energy, new figures show.More than 7,500 were fitted every month, according to data supplied by firms to Energy Security Secretary Grant Shapps.British Gas, Scottish Power and OVO Energy fitted …
Business
Evening Standard
Government ‘moving too slowly’ to meet economic targets and climate goals
The Government is moving too slowly on infrastructure initiatives and not putting enough focus on the type of larger projects which would secure economic growth and a lower carbon economy, a new report by independent advisers on infrastructure have said.The National Infrastructure Commission (NIC) said the Government needs to develop fewer, bigger and better targeted …

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