Betting firms warn affordability checks chipping at revenues December 12, 2022 Betting firms have called on the government to publish the long-awaited gambling white paper after a new study finds affordability checks are already chipping at revenues.
National Grid ‘stands down’ plan to fire up coal units amid cold snap December 12, 2022 National Grid has turned to coal in a bid to stave off fears of supply shortages this evening amid escalating fears of blackouts.
Why You Should Become Your Own Hype Person At Work December 12, 2022 Do you constantly second-guess yourself when making professional decisions or feel like your professional peers are surging ahead with their careers and you’re being left behind? It could be time to become your own hype person. But what is a hype person, exactly? Derived from the hip hop hype man, who is traditionally tasked with [...]
Heathrow assures Border Force strikes won’t impact travellers as activity falls December 12, 2022 Heathrow has assured travellers that their journeys will be unaffected by Border Force strikes, as the number of people using the airport falls. Last week, Border Force staff working at several UK airports agreed to strike over the Christmas period in a long-standing dispute over jobs and pay. Members of the union PCS will walk [...]
Metro Bank fined £10m by FCA for publishing incorrect information December 12, 2022 Metro Bank has been slapped with a £10m fine for publishing incorrect information to investors, while two of its former executives have received a warning. The lender was told to pay up by the Financial Conduct Authority for breaching rules, while its ex chief executive and chief financial officer were given fines also. The original [...]
FTSE 100 firms hit with four times more fines than last year December 12, 2022 The value of fines against FTSE 100 companies has increased fourfold over the previous year, Thomson Reuters Regulatory Intelligence research shows. Companies on the FTSE 100 index received £1.6bn in fines in the year ending on 30 June 2022, compared to just £354m worth of fines in the previous year. The £1.6bn figure marks an [...]
Severe flooding could cost insurers more than £1bn this winter December 12, 2022 Severe flooding this winter could cost UK insurers more than £1bn, according to analysis from PwC. Storm Eunice in February led to insurers losing £200-300m, mainly as a result of disruption to travel and damage to properties and vehicles due to falling trees. However, floods on the same scale as those seen in 2015 [...]
Nightclubs face higher business rates next year in latest ‘hammer blow’ for the sector December 12, 2022 Press Association Nightclubs across the UK face higher property taxes next year in the latest “hammer blow” for the sector, according to new data. The new business rates rules unveiled in last month’s budget handed many high street firms lower tax bills from April next year. Pubs and high street shops are among those due to [...]
Law firms up billable hours targets as sector’s profits slide December 11, 2022 Top law firms have begun upping pressure on lawyers by hiking targets for the number of billable hours they are expected to work each year, according to new research. UK law firms are increasingly calling on their lawyers to bill more hours as they seek to reverse the sector’s declining profitability and weather the oncoming [...]
Vodafone has grown ‘too fat’ warns French activist investor December 11, 2022 The French activist investor keeping Vodafone’s board on its toes said this weekend that the telecoms giant had become “too fat, too slow (and) too complex.” Xavier Niel, who holds a significant chunk of the firm’s shares, told the Sunday Times the giant needed to sell infrastructure and “smaller non-core assets in order to regain [...]