Latest news with #Jersey-based
IOL News
27-05-2025
- Business
- IOL News
Harmony Gold ups renewable energy play with R1bn copper deal
JSE-listed Harmony Gold has bought an Australian copper mine at a time when the metal, a crucial material as the world moves to renewable energy, is closing in on a five-year high. JSE-listed Harmony Gold has bought an Australian copper mine at a time when the metal, a crucial material as the world moves to renewable energy, is closing in on a five-year high. The gold-copper producer, with assets in Australia, Papua New Guinea, and South Africa, acquired MAC Copper for $1.03 billion (or about R18.4bn at the time of the deal). MAC Copper, headquartered in Jersey, owns CSA Mine in regional New South Wales, which it says is one of Australia's highest grade copper mines. CSA Mine produces about 40,000 tonnes of copper each year and is MAC's only asset. The Jersey-based miner is developing the Merrin Mine, which is located in the upper parts of CSA and is expected to provide additional copper and zinc production.
Daily Mirror
25-05-2025
- Entertainment
- Daily Mirror
Gary Lineker splashes £1.6million on new homes as he quits Match of the Day
Gary Lineker is leaving the BBC tonight after apologising for sharing and then deleting a post on his Instagram Gary Lineker has scored a brace ahead of his BBC exit - by completing two property deals worth £1.6million. The 64-year-old will step down as host of Match of the Day tonight after 26 years in the presenter's seat and will leave the BBC altogether. The former England footballer, with an estimated net worth of around £30million, has snapped up the properties in leafy Surrey. On May 2, Lineker forked out £1million for a 6,700 square foot plot of land in Cheam village, which comes complete with outline planning permission to build eight apartments. The permission has been granted to build a selection of one, two and three bedroom properties. He has also splashed out £630,000 on a four bedroom detached house in Coulsdon. Lineker has taken out mortgages for both property deals through Jersey-based company Hambury Limited. The presenter and builder friend George Constand set up their property development company, called GCGL Properties, in 2020. Lineker was due to leave the Beeb in 2026 after next season's FA Cup and World Cup. However he is exiting the broadcaster early, after apologising for sharing and then deleting a post on his Instagram account from the group Palestine Lobby, illustrated with a picture of a rat, which prompted calls for him to be sacked from the Campaign Against Antisemitism (CAA). Lineker said: " Football has been at the heart of my life for as long as I can remember – both on the pitch and in the studio. I care deeply about the game, and about the work I've done with the BBC over many years. As I've said, I would never consciously repost anything antisemitic – it goes against everything I stand for. "However, I recognise the error and upset that I caused, and reiterate how sorry I am. Stepping back now feels like the responsible course of action.' In addition to the apologetic statement released by the BBC, on an instagram video Lineker referenced a post he previously shared about Zionism, which he deleted, and which had featured a picture of a rat. Sat looking stony faced, he said: "Unfortunately, I did not see the emoji. If I had, I would never, ever have shared it. The minute I was made aware, I quickly deleted the post and went on to make an apology." He added: "I would like once again to say I'm sorry, unreservedly, for the hurt and upset caused, it was a genuine mistake and oversight, but I should have been more diligent, I know that. "I've stood up for minorities and humanitarian issues and against all forms of racism all of my life, including, of course, antisemitism, which I absolutely abhor. There's no place for it and never should be." Dad of four Linker, who lives in a £4million home in leafy Barnes, south-west London, will also be focusing on his esteemed Goalhanger Podcasts, which consists of shows including The Rest Is Football, which he hosts alongside MOTD pals Alan Shearer and Micah Richards, The Rest Is Politics and The Rest Is History. Astonishingly, his pods receive over 40million downloads a month. In an interview last month he said when he left the BBC he did not expect to work as much on TV anymore, meaning he will have more time to work on any future additions to his property portfolio. Lineker will be replaced on MOTD by Kelly Cates, Mark Chapman and Gabby Logan from next season. They are also amongst the favourites to take his other job fronting live football for the BBC.
Yahoo
17-05-2025
- Sport
- Yahoo
Channel Islands cruise to 10-try Sweden victory
The Channel Islands rugby team won their first-ever match as they beat Sweden 66-28. The game at Guernsey's Footes Lane came a fortnight after Jersey had beaten their old rivals in their annual Siam Cup fixture. A combined side - with eight Guernsey and seven Jersey players in the starting line-up - proved too strong for the side 31st in World Rugby's international rankings as they scored 10 tries. The islanders wasted no time as they raced into a 14-0 lead after 11 minutes as Dom Rice and Guernsey compatriot Anthony Armstrong scored tries. Aron Qvarnstrom pulled a try back for the Swedes midway through the first period but Charlie Simmonds and Armstrong went over in quick succession to make it 28-7 after 26 minutes. Axel Kalling Smith and David Hill scored two tries in three minutes for the Swedes to reduce the gap to seven points before Simmonds and Ethan Smith scored for the islands in the final moments of the half as they led 40-21 at the break. Hopes Jersey and Guernsey rugby sides combine each year Jersey and Guernsey join forces for historic rugby match Guernsey hooker Tom Ceillam got the Channel Islands' seventh try two minutes after the restart before Joar Blanc got Sweden's fourth try five minutes later. Scott van Breda intercepted a 58th-minute pass and raced in from inside his own half for the eighth home try of the night - the former Worcester Warriors and Western Province player becoming the first Jersey-based scorer of the night. Dan Barnes had a ninth try disallowed soon after as the islands' forwards dominated the game, but Armstrong sealed his hat-trick moments later to make it 61-28 with eight minutes left. Jersey forward Euan Spencer forced his way over from close range in the final moments to wrap up the victory.
Yahoo
14-05-2025
- Business
- Yahoo
‘Significant doubt' revealed over Bank of London's ability to keep operating
The Bank of London, the fledgling clearing bank formerly backed by Peter Mandelson, has revealed it is under investigation by UK regulators, with auditors saying the fallout could throw 'significant doubt' over its ability to keep operating. The news is a fresh blow for the troubled fintech, which has lost its founder and leading board members, including Lord Mandelson and US private equity boss Harvey Schwartz, and halved its workforce since being thrust into the spotlight in September over an embarrassing winding-up petition by the UK tax authority over unpaid debts. The Bank of London (BoL) accounts, filed seven months late, now reveal that it is under investigation by the Bank of England's regulatory arm, the Prudential Regulation Authority (PRA), over potential breaches that pre-date the autumn debacle. Related: Calls for Russia's frozen assets held in Belgium to be used in rebuilding Ukraine 'The firm has been notified by the PRA that it is under investigation in relation to certain historical matters that occurred prior to the change in ownership of the group,' accounts filed at Companies House said. A Jersey-based firm, now known as Fellesskap Group & Holdings, took over as its parent company in May 2024. BoL said it was too early to say how much money it may have to put aside to deal with the continuing investigation. It said it was cooperating with the PRA and had launched its own internal investigation 'into the matters in question'. The revelations came as the bank reported a £12m loss for 2023, in accounts for which auditors at EY would only give qualified support, in part owing to 'inadequate historical records' over a share option plan for staff. Auditors are now concerned about the bank's ability to keep operating. EY said there were questions over the potential fallout of the regulatory investigation and whether the company would be able to raise adequate funding in future. 'There are material uncertainties relating to events or conditions that … may cast significant doubt on the company's ability to continue as a going concern,' the accounts said. As a clearing bank, the BoL does not offer loans but provides clearing and settlement services for business customers, providing the plumbing that allows transactions and payments to take place. It became only the second clearing bank to enter the UK market in 250 years when it launched in 2021, with an aim of disrupting the big four – NatWest, Lloyds, Barclays and HSBC – which maintain a stronghold on this part of the UK financial system. BoL was valued at $1.1bn (£826m) in 2023 and was previously known for its ties to the Labour party. Its founder, the former Barclays executive Anthony Watson, served on the party's business and enterprise advisory council before last summer's general election, while Mandelson, now Britain's ambassador to the US, served on the board as BoL's deputy chair before stepping down last year. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mirror
29-04-2025
- Business
- Daily Mirror
Reform UK is party of the 'have yachts' as 'borders don't matter' for offshore donations
Reform UK Party Treasurer brags of fundraising on offshore yachts after a Mirror investigation revealed that three-quarters of the party's cash is linked to tax havens Reform UK is fighting this week's council elections in part with funds given by super-rich donors who live offshore. It comes as Nick Candy, Reform 's Party Treasurer and property tycoon, bragged about fundraising from wealthy donors in tax havens. Mr Candy told the Financial Times: 'We'll do events in restaurants, people's private homes and on yachts... You have to be on the UK electoral register or the overseas electoral register or have a UK trading company. There are plenty of people in Monaco, Switzerland, the Isle of Man, Guernsey, who can meet both of those criteria to donate.' We revealed last year that Reform UK had raised more than £16m in five years from people or companies with links to tax havens. That is three quarters of the donations Reform UK and its predecessor has received since 2019. It includes the Evans family who gave £200,000 last year through Evans Management Limited. The firm is owned through a Jersey-based parent company and has been controlled since 2016 by property tycoon Michael Evans and wife Helga who, according to Companies House, are resident in tax haven Monaco – where they base their 213ft superyacht. Another donor listed as living in Monaco is Margaret Hepburn, owner of Hepburn Bio Care, which gave £50,000 last year. More recent supporters include Jason Blick, who attended Reform UK's glitzy fundraiser in January where tickets cost up to £25,000 a head. Mr Blick founded a free trade zone on Grand Cayman, a Caribbean tax haven. He previously told Companies House he was resident in the Cayman Islands but more recent records indicate he now lives in the UK. But he was photographed polishing his Ducati 848 motorbike outside a mansion on the offshore island. Financier Roger Nagioff gave £100,000 to the party in December. He has given his country of residence to Companies House as Monaco, an elite tax haven in the Mediterranean, and previously donated nearly £500,000 to the Conservatives between 2004 and 2020. Neither Mr Blick or Mr Nagioff responded to a request for comment. But a Reform UK Spokesman said: 'Before the last General Election, Labour received a 4 million pound donation from an overseas donor. Our party is funded by Reform members, and grassroots small donors. 226k members x £25 per year is £5.65 million." A Labour source said: "Reform is clearly the party of the yachts, not the have nots. They're not on the side of working people and it's plain for all to see.' Agustina Oliveri, Head of Campaigns at the Good Law Project, said: 'Reform UK are cruelly obsessed with putting up borders when it comes to refugees and asylum seekers desperately trying to find safety. But when it comes to donations from the superrich with links to tax havens, these borders suddenly don't seem to matter. "Farage's plans to raise millions from foreign sources exposes how vulnerable our democracy is to outside interference. It's time the Electoral Commission gets serious on closing the gating loopholes in donations rules.' There is no suggestion of wrongdoing or that any have unlawfully avoided paying tax. But our probe last September raised questions about Reform's reliance on money from sources linked to tax havens. Their combined donations of £16.5m formed about 75% of the £22.5m Reform has registered with the Electoral Commission since 2019, including a period when it was the Brexit Party.
