Competition regulator appoints interim CEO to permanent role December 19, 2022 The Competition and Markets Authority has appointed its interim CEO to a permanent role. Business Secretary Grant Shapps confirmed that Sarah Cardell will take over at the regulator immediately, having been running it since July following Andrea Coscelli’s departure. Cardell, who has 20 years of experience in the competition and consumer enforcement was previously general [...]
Liberty Global’s Andrea Salvato may be new Vodafone Chief December 19, 2022 Andrea Salvato is a contender for the top job at Vodafone according to latest reports from London’s telecom sources. Nick Read, Vodafone’s current CEO will step down at the end of the year after a financially turbulent quarter for the telecommunication giant. Beginning of December, the company had seen a 44 per cent decline in [...]
UK banks have swerved bonus cap by hiking pay, BoE finds December 19, 2022 UK lenders have raised staff pay to compensate for smaller hand outs after the banker bonus cap was implemented following the financial crisis, new research out today has found. The City’s top bankers’ pay has been steadily rising since the rules were imposed in 2014, according to the Bank of England. “The bonus cap [has [...]
Spire spends millions on widening reach as the number of sick staff in UK rises December 19, 2022 The UK’s second largest private healthcare group has spent millions on widening its reach, as the number of long-term sick people in the country rises. Spire has bought independent hospital group The Doctors Clinic Group for £12m, bringing 22 private GP practices under its wing, it announced today. The London-listed healthcare group said the deal [...]
Crypto exclusive: Nexo users do not have ‘unfettered’ right to withdraw holdings, exchange says December 19, 2022 Crypto exchange Nexo has said its customers do not have the “unfettered” right to withdraw their cryptocurrencies from its platform, as it seeks to defend itself from a High Court lawsuit. Instead, Nexo said its customers only have the right to “request” withdrawals, as the exchange said it retains the right to reject any customer [...]
Hydrogen is ‘not a panacea’ for cutting carbon emissions, warn MPs December 19, 2022 Hydrogen is “not a panacea” for cutting carbon emissions across UK homes, warned a leading Westminster Committee.
Defence giant BAE Systems to nearly double apprentice hiring spree next year December 19, 2022 BAE Systems, one of the UK’s biggest defence companies, is set to nearly double its hiring spree next year. The FTSE defence firm is planning to hire more than 2,600 graduates and apprentices next year, across cybersecurity, software development, aerospace engineering, accountancy and human resources. Although BAE typically invests around £100m annually in education, skills [...]
Older Brits in need of cash return to work in droves as cost of living chaos destroys budgets December 19, 2022 Money is a key motivator for older workers returning to work as the merciless cost-of-living crisis increasingly bites, it has emerged. The Office for National Statistics has published experimental data on the motivations for the over 50s to return to work. Money is an important motivation to return to work for all groups, particularly younger groups, with 69 per [...]
From inequality to inclusion: a fresh focus on readdressing and reviving the skills gap December 19, 2022 | Sponsored DiverCity® Podcast · From inequality to inclusion: a fresh focus on readdressing and reviving the skills gap In this episode, host Julia Streets is joined by Bukola Adisa, Founder/CEO of Career Masterclass and Joseph Williams, Founder and CEO of Clu. Together they look at some of the barriers to entry into the workforce for ethnic [...]
Turkey prices cut by Tesco ahead of Christmas December 19, 2022 While Brits decide what their favourite cut of Turkey is, Tesco has cut its prices for fresh bird to ease cost of living pressures. The supermarket has launched its Christmas initiative for loyal customers, giving club card holders prices of £4 per kilo, down from £5/kg. Turkey crowns will also be down to £8.50 per [...]