Football regulator: Tracey Crouch MP criticises Premier League’s lack of support March 28, 2023 The Premier League has been criticised for a lack of support for an independent football regulator by Tracey Crouch MP. The former sports minister and author of the fan-led review into English football governance made the comments at a Digital, Culture, Media and Sport committee hearing today. Crouch praised the Football Association and English Football [...]
Bellway: How a spring uplift in the property market is giving housebuilder cause for optimism March 28, 2023 Bellway has said homebuyer demand has started to improve after seeing reservations plunge by nearly 50 per cent due to soaring mortgage rates. The housebuilder group, whose headquarters are in Newcastle, reported underlying pre-tax profits falling 4.6 per cent to £312.1 million for the six months to January 31. It delivered record revenues, up 1.6 [...]
Twitter shakeup: What features will Elon Musk scrap for users who refuse to pay for a tick? March 28, 2023 Twitter is set to scrap features for users who do not pay a monthly fee for a blue tick verification, according to new rules shared by billionaire owner Elon Musk. Users of the social media platform who want to remain verified can pay up to 11 US dollars (£8.93) a month as part of Mr [...]
Binance: How has crypto exchange chief CZ hit back after regulators accused it of a trading violation March 28, 2023 The chief of the world’s biggest crypto exchange Binance has hit back at a move from US regulators to sue him night after, branding its civil complaint as an “incomplete recitation of facts”. The CFTC yesterday accused the controversial Binance chief Changpeng Zhao, known as ‘CZ’, and operations chief Samuel Lim, of multiple breaches of [...]
Gambling crackdown continues as William Hill told to pay record £19.2m fine over ‘widespread and alarming’ failures March 28, 2023 Three gambling businesses owned by William Hill will pay a total of £19.2 million for “widespread and alarming” social responsibility and anti-money laundering failures, the Gambling Commission has announced. The settlement is the largest in the Gambling Commission’s history. WHG (International) Limited, which runs williamhill.com, will pay £12.5 million; Mr Green Limited, which runs mrgreen.com, [...]
North Sea oil and gas firms are struggling despite BP and Shell record profits, industry body warns March 28, 2023 The record earnings of BP and Shell do not reflect the challenges most North Sea producers face from the windfall tax, argued OEUK.
Cheers to that! Diageo chief quits after decade at the top, as firm appoints FTSE 100’s tenth woman CEO March 28, 2023 Spirit maker Diageo has announced its chief executive Sir Ivan Menezes is to retire following ten years leading the firm. The London-listed drinks giant will step aside from the firm’s board in June of this year and be replaced by Debra Crew, who is currently its chief operating officer. Meneze joined the firm from the [...]
Cath Kidston: Next looks set to pick up troubled vintage staple March 28, 2023 High street giant Next is reportedly in talks to pick up the vintage-inspired Cath Kidston chain. According to reports from Sky News’ Mark Kleinman late on Monday evening, Next – which has been on an acquisition spree in recent months, picking up Made.com and Joules – is set to add the brand to its growing [...]
Ocado’s ‘M&S’ magic fails to impress as shares trade down despite revenue boost March 28, 2023 Ocado said it had helped by some “M&S magic” as the grocery chain’s joint venture with the high street stalwart boosted sales by 3.6 per cent in its first quarter. Shares in the online grocer were last trading down 1.97 per cent or 8.9p at 443.20p. The up market online grocer, which posted a pre-tax [...]
The Notebook: Victoria Scholar on inflation, Ocado’s woes, and why Ted Lasso is a blessed relief March 28, 2023 The Bank of England governor Andrew Bailey has warned firms against rising prices to offset inflation. He told the BBC, “please understand if we get inflation embedded, interest rates will have to go up further and higher inflation really benefits nobody.” The latest UK inflation rate for February surprised economists by picking up again to [...]