UK borrows 20.7 billion pounds in June, ONS says
A Reuters poll of economists showed a median forecast of 16.5 billion pounds for public sector net borrowing last month.
($1 = 0.7423 pounds)
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BBC News
18 minutes ago
- BBC News
Licence bid for Bournemouth bar that employed illegal workers
A company has applied to sell alcohol at a chicken bar that had a licence to do so revoked for employing illegal permission for Chicken N Beer in Stanfield Road, Bournemouth, to sell alcohol was removed in May after immigration officials saw a man and a woman run out of the back in February.A new company has applied to sell alcohol there but Dorset Police said it has "significant concerns" about the relationship between its owner and the man previously responsible for the Brands Ltd's application for the new premises licence at Chicken N Beer will be decided by Bournemouth, Christchurch and Poole (BCP) Council's licensing sub-committee on Tuesday. The company said it would "operate in strict adherence to licensing restrictions" if the application is Dorset Police's licensing officer Louise Busfield said it is "essential" the force gets "robust assurances" about the relationship between the potential operator and the former company that ran it."Dorset Police has significant concerns that this application may amount to an attempt to continue operating the premises under a new entity, while still maintaining influence or control by the former operator whose licence was revoked," she of the people apprehended after fleeing Chicken N Beer earlier this year had ever got permission to work in the country, the Home Office said in bar's former premises licence holder, Roy Francis, said he had resigned as a director of the company that previously ran it before the man and woman were found working the Licensing Act 2003, which is mostly managed by councils, licence holders must abide by its conditions including the prevention of crime and disorder. You can follow BBC Dorset on Facebook, X, or Instagram.
Finextra
20 minutes ago
- Finextra
Broadridge appoints Munish Gautam from JPMorgan as global head of trading platforms
Munish Gautam has joined Broadridge Financial Solutions, as Global Head of Trading Platforms - Product Management within Broadridge Trading & Connectivity Solutions (BTCS) business, strengthening its commitment to deliver trusted and transformative front office technology to capital markets clients worldwide. 0 Gautam brings extensive global expertise in trading platforms and product management. He will lead the continued integration of Broadridge's market-leading product suite and spearhead the development of advanced multi-asset trading capabilities. Based in London, Gautam will report to Brian Pomraning, Chief Product Officer, Broadridge Trading & Connectivity Solutions. 'Munish has a proven track record developing and managing comprehensive trading solutions at a global scale, and we are delighted to welcome him to the team,' said Brian Pomraning. 'His extensive experience in building high-performance trading systems coupled with a deep understanding of global market structure and regulatory environments will be instrumental as we continue to evolve our solutions to deliver transformative innovation to our clients.' With over 15 years at J.P. Morgan, Gautam most recently served as Executive Director and Cash Equities Product Lead for global equities trading platforms, where he led major transformation initiatives encompassing client onboarding, execution, regulatory, market structure, risk management and front-to-back platform integration. 'I'm excited to join Broadridge at such a pivotal moment for the global markets,' said Gautam. 'Clients today need trading platforms that not only deliver low-latency cross-channel execution and adaptability but also respond to ongoing regulatory and structural changes. I look forward to building on Broadridge's collaborative, innovation-driven culture to deliver an agile, resilient and data-powered trading ecosystem that keeps our clients ahead of the curve.' This appointment underscores Broadridge's commitment to being the leading provider of front office trading solutions to capital markets firms globally and follows the recent hires of Ken MacHarg, Brian Pomraning, Anand Chintala, Ian Williams, Yewande Sobola and Tom Gallo.
The Independent
20 minutes ago
- The Independent
Heathrow reveals huge financial impact of fire that forced airport's closure
Heathrow Airport is expected to incur costs in the "low tens of millions" of pounds following its chaotic March closure, chief executive Thomas Woldbye has revealed. The blaze, which started late on March 20, halted operations at the west London airport until approximately 6pm on March 21. More than 270,000 air passenger journeys were disrupted by the incident. The airport group awaits a report from energy watchdog Ofgem to finalise its findings, which will determine if it can claim compensation from National Grid Electricity Transmission (NGET). Mr Woldbye added the group had "learnings" to take away from the incident. A report into events clarified that Mr Woldbye had been asleep with his phone on silent as the overnight decision to close the airport was taken. He said: 'That is one learning and that will not happen again. 'I would have liked to see my personal role play out differently. 'That said, we need to have procedures in place that ensures that this company can take the right decisions at the right time by the right people, no matter what the situation is.' 'An organisation like ours has to be able to manage, whether the captain's on the bridge or not,' he said. In an interview with BBC Radio 4's Today programme, he denied misjudging what it meant to be the head of one of the world's busiest airports. Ofgem has launched an official enforcement investigation into NGET after a report found the fire that caused the shutdown of Heathrow was due to a preventable technical fault. The report by the National Energy System Operator (Neso) said an 'elevated moisture reading' had been found in oil samples at the North Hyde substation in west London in July 2018, but that action was not taken to replace electrical insulators known as bushings. The comments came as the airport revealed half-year profits fell by more than a third despite seeing passenger numbers soar to a record high. The group posted a 37.2 per cent drop in pre-tax profits to £203 million for the six months to June 30 as its costs surged, partly driven by a higher wage bill after last autumn's budget measures.
