Credit Suisse shares dive as stability concerns spread November 28, 2022 Shares in embattled Swiss lender Credit Suisse plunged beyond eight per cent today as fears over the banks' stability spread in the wake of a profit warning last week.
British Steel pension members set for £49m redress, FCA announces November 28, 2022 More than 1000 former members of the British Steel pension scheme are set to be paid £49m after the UK’s financial watchdog ruled they received wrong advice from financial advisors looking to pocket huge fees.
Primark to invest £140m in new stores and upgrades creating 850 new jobs November 25, 2022 Primark is to invest £140m in new stores and the creation of 850 new jobs across the UK. The low-cost retailer will create at least four new outlets in the next two years, while upgrading and refurbishing existing stores, over a two year process. This comes as the the UK retail sector continues to struggle [...]
Banks may sabotage plans to reimburse scam victims, MPs warn November 24, 2022 Lawmakers are set to scrutinise plans to force banks and building societies to pay back victims of scams amid concerns banks may sabotage the plans with misleading delays, a committee announced today.
Why better business planning can help us save the world November 24, 2022 The recent COP27 summit in Egypt has further reinforced the urgency of the climate threat. As countries, as organisations, and as individuals, we need to do far more to combat climate change, and act much faster than we’re acting today. I believe that finance professionals can play a crucial role in the collective effort to [...]
Taxman grabs 30 per cent more from Brits over last five years November 23, 2022 The amount of money the taxman takes away from Brits has climbed 30 per cent over the last five years, City A.M. analysis of official figures shows. In the year to 31 October this year, HMRC collected £757bn in taxes, up from £584bn in 2015/16, stats out this week reveal. The rise in tax revenues [...]
UK fintech ‘can’t assume talent will continue to flow from abroad’, warns sector chief November 22, 2022 The UK’s fintech industry cannot “rest on its laurels” and presume that a stream of talent will continue to flow in from overseas, the incoming chief of a government-backed fintech body has warned.
FTX bankruptcy team finds more than £1bn across Bankman-Fried’s crypto empire November 22, 2022 The team overseeing the bankruptcy of collapsed crypto exchange FTX has managed to located more cash held by Sam Bankman-Fried’s sprawling crypto empire, bringing the total to $1.24bn (£1.04bn).
These Are The Companies Offering Perks To Offset Cost Of Living Crisis November 21, 2022 It is no secret that it has been a tough year for workers. The cost of living looks set to get worse as rising prices for groceries and basic services, along with the huge cost of energy are biting deeply into disposable income. The Office of National Statistics (ONS) assessed web-scraped supermarket data for 30 [...]
The Tory knives are out as Jacob Rees-Mogg calls Hunt’s Budget cuts ‘undeliverable’ November 18, 2022 The Chancellor’s spending cuts may prove “undeliverable” as Jeremy Hunt faces criticism from a range of senior Tories for raising taxes as he seeks to rebuild the UK’s battered public finances. Former business secretary Jacob Rees-Mogg accused the Chancellor of taking the “easy option” in Thursday’s autumn statement rather than bearing down harder on public [...]
