Total Energies slashes £100m from North Sea plans after windfall tax December 1, 2022 Total Energies plans to cut its investment by a quarter next year, after the Government tightened the windfall tax last month.
Royal Mail slams union’s ‘wholly unacceptable behaviours’ at strikes December 1, 2022 Royal Mail has today written to union bosses to intervene in “wholly unacceptable behaviours” on the picket line. Writing to the general secretary of the Communication Workers Union (CWU) Dave Ward, the delivery giant said there had been more than 100 allegations of violence and assault, harassment and intimidation have been reported over the four [...]
BrewDog gives up B-Corp social and environmental certificate December 1, 2022 BrewDog has given up its B-Corp certificate recognising its social and environmental impact because the organisation which gives it, B Lab, “requested additional measures”. The beer-maker said in an internal statement seen by City A.M., that “we have decided to step aside from our B Corp certification for the time being.” The brand it gave [...]
KPMG to bolster legal services offering through deal with Zico Law December 1, 2022 KPMG has struck a deal to incorporate one of South East Asia’s biggest law firms, Zico Law, into its global partnership. The deal will see Zico Law’s more than 275 lawyers join KPMG’s 2,900-strong legal team. The merger is set to expand KPMG’s footprint in the Asia Pacific region, by extending its legal services offerings [...]
Windfall tax hampers investment says OEUK, as Harbour falls off FTSE 100 December 1, 2022 The Government's decision to toughen the windfall tax has made companies and investors "reassess their plans for the future."
China hints at easing ‘zero-Covid’ approach following widespread protests December 1, 2022 China’s stance to Covid-19 is at a crossroad, following mass protests against its zero-tolerance approach to cases of the virus. One of the country’s most senior pandemic response officials said last night that China is entering a “new stage and mission”. According to state media, Sun Chunlan, China’s vice premier, said: “With the decreasing pathogenicity [...]
Barclays slapped with £8.4m fine over card payment failings December 1, 2022 Barclays has been slapped with an £8.4m fine from the payments regulator today after failing to comply with rules governing the cost of card transactions with retailers.
Natural catastrophes to cost insurers more than $100bn for the second year in a row December 1, 2022 The global insurance sectors’ losses from natural catastrophes are set to surpass sums of $100bn (£81.5bn) for the second year in a row, new data from Swiss Re shows. Natural catastrophes will cost insurers an estimated $115bn this year, after Hurricane Ian and a series of “secondary perils” caused $260bn worth of damage in 2022, [...]
JP Morgan in talks over potential Freetrade takeover December 1, 2022 JP Morgan is reportedly gearing up to buy stock trading app Freetrade in a grand push to expand its fintech offering. According to initial reports from Mark Kleinman for Sky News, the City titan has been in talks with the British stock trading app, which allows customers to buy British, American and European stocks and [...]
World AIDS Day: stigma about HIV and AIDS is damaging lives and productivity in the City December 1, 2022 Harun Tulunay lost his job when he was first diagnosed with HIV because he wasn’t aware he was legally protected in the workplace, and stigma around his condition meant it wasn’t easy to speak with his HR department. He is one of many Londoners who has been treated unfairly despite people living with HIV being [...]