Octopus hits back at challenge to Bulb deal arguing it was more ‘nimble’ than rivals March 2, 2023 Octopus Energy's lawyer argued in court today that the company was simply more "nimble" than others in its dealmaking with the government.
Flutter shares tumble after World Cup wins knock profit March 2, 2023 The gambling business behind Paddy Power and Betfair saw its shares tumble almost five per cent, after the company missed 2022 earning estimates due to customers winning bets during the Fifa World Cup. Flutter Entertainment, which also owns Sky Betting and Gaming, was predicted earlier this year by Bloomberg analysts to gain EBITDA of £1.7bn [...]
Can fintech thrive outside of London? Charlotte Crosswell talks growing the sector around the country March 2, 2023 Even as Charlotte Crosswell launched the Centre for Finance, Innovation and Technology in Leeds this week with a mandate to boost fintech across the UK, those in attendance were asking why it couldn’t have been in London. The Leeds event had big name backers in City minister Andrew Griffith and has full-throated support from across [...]
SPOTLIGHT: Estonian Web3 Chamber now turbo charges nation’s blockchain technology March 2, 2023 Crypto AM shines its spotlight on the Estonian Cryptocurrency Association, which has changed its name to the Estonian Web3 Chamber (Eesti Web3 Koda).
WH Smith hit by cyber attack as hackers gain access to private company data March 2, 2023 WH Smith has been hit by a cyber attack that has resulted in hackers gaining access to private company data. The stationary store and book seller, which has over 600 high street shops in the UK, said it has launched an investigation into the attack. The retailer said however, that customer data was not affected [...]
Crypto market fluctuations continue as Bitcoin price retraces March 2, 2023 The price of Bitcoin has yet to shift this morning after starting the day at $23,800 - down by little over one per cent on yesterday.
Losing momentum on Solvency II reforms would be a missed opportunity to transform Britain March 2, 2023 This is a once in a generation opportunity. That phrase might have become a bit of a cliché, especially in recent years, but the UK’s exit from the EU could ensure that Solvency II reforms really are one of those events. The proposed reforms represent a very significant opportunity to ensure more private sector capital [...]
A bigger bite: Pret hikes team member salaries as commuter coffee favourite vows to invest in workforce March 2, 2023 Pret a Manger will increase the salaries of its workers from the start of next month to avoid falling foul of minimum wage laws, which change on April 1. Sandwich chain Pret said that it would hike pay for its worst-paid staff by 2.9 per cent, from £10.30 an hour to £10.60 an hour. It ensures [...]
Small businesses call on Hunt to tackle ‘childcare crisis’ as economic impact grows March 1, 2023 One of the UK’s leading business groups has called on Chancellor Jeremy Hunt to immediately tackle the “childcare crisis” in the upcoming budget as the high cost of childcare is increasingly forcing parents out of the workforce. Childcare providers face insufficient funding, the Federation of Small Businesses (FSB) told City A.M., and are either having [...]
Labour to reform apprenticeship levy, Angela Rayner tells business leaders March 1, 2023 Labour will reform the unpopular apprenticeship levy, Angela Rayner pledged at a key business summit today. The scheme, which firms have described as a “£3.5bn mistake”, means companies with a payroll of £3m or above have to put aside 0.5 per cent to spend on apprenticeships. But firms say the rules around training types mean [...]