Atos finance chief to exit firm in wake of IT consultancy’s plans to split June 19, 2022 Atos yesterday said its chief financial officer is set to leave his job, just days after the French IT consultancy’s chief executive, Rodolphe Belmer, said he is exiting the company, after it set out plans to split into two, separate, listed firms. The exit comes as shares in Atos have lost more than half their value [...]
Elite Magic Circle law firm lets lawyers bring dogs to the office June 19, 2022 Slaughter and May’s new managing partner is set to let lawyers bring their dogs into the London offices of the elite City firm. Deborah Finkler – who took up her new role as Slaughter and May’s first ever female managing partner last month – is set to hold the Magic Circle firm’s first ever ‘Bring [...]
New audit watchdog chair pledges tougher rules for company executives June 16, 2022 The new chair of the UK’s audit watchdog has vowed to make company directors accountable for corporate accounting scandals, in his first public speech as head of the Financial Reporting Council (FRC). FRC chair Sir Jan du Plessis said the government’s decision to water down plans for a British version of the USA’s “Sarbanes-Oxley [...]
Insurance giant Axa calls for clarity on self-driving cars June 16, 2022 French insurer Axa has called on the government to offer greater clarity around autonomous vehicles to support the rollout of self-driving cars. The French insurance firm called on the government to put in place laws that enable the deployment of self-driving vehicles, as it said lawmakers should work with the insurance sector to “pave the [...]
UK small businesses being priced out of cyber insurance by high premiums and cost-of-living crunch June 16, 2022 The UK’s small businesses are increasingly being priced out of cyber insurance policies, due to sky-high premiums and the cost-of-living crunch. Almost a third (29 per cent) of companies with fewer than 250 staff cancelled their cyber insurance policies last year, as part of efforts to cut costs, research from GlobalData shows. A further 17.3 [...]
Raab says scrapping Human Rights Act will let government send migrants to Rwanda June 16, 2022 Justice secretary Dominic Raab has said scrapping the Human Rights Act will allow the government to begin successfully sending asylum seekers to Rwanda. Speaking to the BBC, Raab blamed the UK’s Human Rights Act (HRA) 1998 for blocking this week’s Rwanda flight, as he said the government’s plans to replace the HRA with a new [...]
Apple to face £768m lawsuit over claims iPhone update slowed down devices June 16, 2022 Apple is set to face a £768m class action lawsuit over claims it misled iPhone users into downloading updates that slowed old iPhones down. Campaigner and consumer champion Justin Gutmann has filed a claim to the competition appeals tribunal, seeking around £768m in damages for up to 25m British iPhone owners. The lawsuit comes after [...]
KPMG strikes deal with Alteryx to boost data analytics capabilities June 16, 2022 KPMG entered into a “strategic alliance” with California tech firm Alteryx, as part of the accountancy firm’s push to boost its data analytics capabilities. The Big Four firms’ deal with the analytics automation firm will see KPMG push forward with plans to automate its own systems, while also giving it the means to help clients [...]
Uber calls on rivals to offer employment benefits as Bolt faces trade union lawsuit June 15, 2022 Uber has called on its rivals to give drivers employment benefits, after one of the UK’s biggest unions said it is taking legal action against ride-hailing app Bolt over its lack of workers’ protections. Britain’s third largest trade union, GMB, is set to file legal proceedings against Bolt, in a bid to force the Estonian [...]
Law Society calls £404m spent on court agency staff an ‘expensive sticking plaster’ June 15, 2022 The Law Society has hit out at HM Courts and Tribunals Service (HMCTS), after the government admitted spending £404m on court agency staff over a five-year period. The solicitors’ association called the government’s use of agency staff an “expensive sticking plaster,” as it said the £404m sum “could be put to better use”. “To [...]