Siemens refutes Gazprom claims for Nord Stream pipeline shutdown September 6, 2022 Gazprom's claims that the Nord Stream 1 pipeline is down due to faulty equipment were called into question by Siemens Energy.
Audit watchdog’s move to Birmingham could spark staff exodus, industry experts warn September 6, 2022 The government’s decision to pick Birmingham as the future home for the UK’s new audit watchdog could see an exodus of talent from the regulator it is set to replace, industry experts have warned. City A.M. reported yesterday that ministers had picked the UK’s second largest city, Birmingham, as the home of the soon-to-be-launched Audit, [...]
Exclusive: MPs rebuke Wise after it freezes not-for-profit’s account September 6, 2022 Money transfer firm Wise has been rebuked by a group of MPs today after it suddenly froze the account of a non-profit drug policy organisation and prevented its staff from being paid, City A.M. can reveal.
Allwyn still not quite at National Lottery jackpot September 6, 2022 DESPITE Camelot confirming that it would be withdrawing its legal challenge against Allwyn over the National Lottery licence, there remains one last obstacle between the Czech firm and the jackpot contract: IGT. While the Gambling Commission acknowledged Camelot’s decision, the regulator said it wasn’t aware of changes to technology firm IGT’s position. IGT, which provides [...]
DS Smith wraps up another investor confidence package September 6, 2022 Shares climbed for DS Smith this afternoon after the packaging firm said it had posted strong profit growth in the recent quarter. The company said in its AGM trading update that overall trading was in line with expectations thanks to “pricing momentum and good cost control”. “We are focusing on ensuring the highest levels of [...]
Auditors flag unusual accounting for TalkTalk as consolidation remains up in air September 6, 2022 Auditors have flagged a series of unusual accounting practices for broadband giant TalkTalk. According to the firm’s annual report, which was obtained by The Telegraph, TalkTalk’s auditors Deloitte said in a reasonable worse case scenario the firm would only be able to meet the covenants on its debt by excluding more “exceptional items” from everyday [...]
Energy firms welcome price cap freeze as Truss leans towards £100bn package September 6, 2022 Energy bosses have welcomed reports that Liz Truss is edging towards a price cap freeze to stave off spikes in the price cap this winter.
Tears for beers: Brits face staggering pub bill of £20 for a single pint September 6, 2022 Pubs and bars across the UK could be forced to close because it is not “viable” for landlords to raise the price of a pint to £15 or £20 to cover their soaring energy bills. Tom Stainer, the chief executive of the Campaign for Real Ale (Camra) group, told the Daily Star the cost of [...]
UK insurer Phoenix Group undergoes executive reshuffle September 6, 2022 UK Insurer Phoenix Group has hired the Bank of Ireland’s chief operating officer Jackie Noakes as its new chief transformation officer as part of a wider boardroom reshuffle. Prior to this, Noakes held senior roles at both Legal & General and American Express. Andy Briggs, Phoenix Group chief executive officer, said he was confident that [...]
BT shares slump as brokers downgrade FTSE 100 firm September 6, 2022 BT shares slumped to the bottom of the FTSE 100 this morning after it received a scathing broker note about its investments. German investment bank Berenberg dropped the telecom stock from a Buy to a Hold, stating that it had underestimated the pressures on the UK firm. Brokers also reduced its price target to 190p from 220p. [...]