Hays’ shareholders to catch £170m windfall amid skills shortage August 25, 2022 Hays, the FTSE recruitment giant, is planning to return nearly £170m in dividends to its shareholders, as “acute skills shortages” mean the company can hike its fees. Bosses plan to dish out some £47.3m in core dividends, and a special dividend of £121.2m, rewarding shareholders with “significant cash” worth £168.5m, chief executive Alistair Cox said [...]
Amigo customer base halves despite promises to return to lending August 25, 2022 Amigo’s customer base has halved over the past year, despite promises it will return to lending by February next year and undergo a capital raise. The beleaguered lender, which stopped lending in 2020 in order to deal with mis-selling complaints, has also had its revenue plummet nearly 70 per cent in the three months to [...]
Energy bosses rally around calls for crisis fund to support households August 25, 2022 Energy bosses are rallying around Scottish Power's call for a “tariff deficit fund” to ease the pain facing millions of Brits this winter.
Mastercard strikes deal with Binance to launch crypto payments card August 24, 2022 Mastercard is set to launch a cryptocurrencies payments card, after striking a deal with Binance, the world’s largest crypto exchange. The crypto debit card will let users pay for everyday purchases using various cryptocurrencies, including Bitcoin, that they have stored in their Binance accounts. The payments card, which converts cryptocurrencies into fiat currency, is set [...]
BAE backed spacecraft designer Reaction Engines prepares for IPO August 24, 2022 Boeing and Rolls-Royce backed aerospace engineering firm Reaction Engines is preparing to launch a more than £1bn initial public offering (IPO). The Oxfordshire-headquartered spaceplane designer has told shareholders it intends to raise a pre-IPO round of funding, with a view to listing its shares on public markets as soon as 2024, Sky News first reported. [...]
Rio Tinto ramps up bid to control vast Mongolian copper mine August 24, 2022 Rio Tinto has made a fresh attempt to take control of the huge Oyu Tolgoi copper mine in Mongolia, after its first bid was rebuffed.
Offshore energy sector calls on Westminster to back oil and gas production August 24, 2022 Industry body Offshore Energies UK has challenged Westminster to back domestic energy production in the North Sea.
UK regulatory fines slump after pandemic logjam August 24, 2022 The amount of fines dished out by the UK’s financial regulators has tumbled by nearly half in the first half of the year as officials catch up with a pandemic backlog, a compliance consultancy said today.
Japan considers nuclear U-turn as winter crisis looms August 24, 2022 Japan will restart more dormant nuclear plants and consider building next-generation reactors, revealed Prime Minister Fumio Kishida.
NFTs worth more than $100m stolen in the past year August 24, 2022 Over $100m worth of non-fungible tokens (NFTs) have been reported as stolen in the past year as scammers pounced on a surge in interest in digital assets, new data has revealed.