Cash-strapped Credit Suisse considers halving its bonus pool following £1.7bn loss January 11, 2023 Credit Suisse is considering cutting its bonus pool by 50 per cent as the embattled investment bank seeks to cut costs, Bloomberg has reported. The Swiss asset manager faced a challenging 2022 when its share price sunk 67 per cent. In the nine months to September 2022, Credit Suisse swung to a pretax loss of [...]
Golden Globes audience shocked by Tom Cruise Scientology joke January 11, 2023 The Golden Globes took place last night in Los Angeles, the second biggest awards show night in Hollywood, and in many ways the annual pre-cursor to the Oscars. Ricky Gervais is no longer on hosting duties, but he may as well have been given how shocking things got. At one point, host Jerrod Carmichael did [...]
Bitcoin continues to gain ground as crypto markets look to establish stability January 11, 2023 The price of Bitcoin is up by 1% over 24 hours at $17,440 this morning while Ethereum is changing hands for $1,335 - a modest rise of 0.49%.
UK Treasury under fire for delays to buy-now pay-later regulations January 11, 2023 The Treasury has come under fire from a Tory peer today after more delays to the rollout of buy-now pay-later regulation, amid concerns fintechs have been left in limbo and shoppers are landing themselves in unmanageable piles of debt. Buy-now pay-later (BNPL) firms like Klarna, Clearpay and Laybuy, which allow shoppers to defer and split [...]
Ocado beats Google, Microsoft and Mastercard to become one of best firms to work for in Britain January 11, 2023 Food delivery tech firm Ocado beat Google, Microsoft and Mastercard to be crowned as one of the best firms to work for in the UK. In fresh data published by Glassdoor today, Bain & Company was rated Britain’s top employer, with the tech sector dominating the list, taking 21 out of 50 spots. There were [...]
Facebook gives teenagers more control over advert exposure January 11, 2023 Facebook and Instagram are to tighten restrictions around the data available to firms to target ads at teenage users, the platforms’ parent company Meta has said. From February, advertisers on Facebook will no longer be able see a user’s gender or the type of posts they have engaged with as a way of targeting adverts to them. [...]
Sober IS fun: alcohol free events in London this Dry January, from comedy nights to booze-free bars January 11, 2023 Whether you’re swerving the sauce completely or scaling back the drinking and going for a Damp January like this lot, here are the low and no alcohol events this month that don’t skimp on fun. Party, laugh out loud and experiment with new flavours with these alcohol free events for Dry January. A new bar [...]
FTSE 100 close: New year rally loses steam on central bank rate warnings and Ocado slump January 10, 2023 London’s FTSE 100 premier index’s new year rally lost some steam today driven by investors wobbling over a string of hawkish comments from central bankers and Ocado’s shares slumping. The flagship index shed 0.39 per cent to close at 7,694.50 points, while the domestically focused mid-cap FTSE 250 index, which is more aligned with the [...]
Trevor Steven: VAR, handballs and concussion breaks – seven rules that English referees must resolve in football in 2023 January 10, 2023 While some readers will have New Year’s resolutions and supporters may have January wish lists for their clubs, I have my own hopes for football in 2023 and they revolve around rules and refereeing. Recent times have seen a conveyor belt of tweaks to officiating that I believe has only muddied the waters. The thinking [...]
Brexit, Covid and Ukraine drag on Games Workshop’s profits despite record sales January 10, 2023 Warhammer-maker Games Workshop recorded sales of over £200m for the first time, but Covid, Brexit and the war in Ukraine continue to dent its commercial plans. The FTSE 250 firm announced it made £212m from May until the the end of 2022, up more than £20m on the previous year. But it also reported a [...]