AIM IPOs fall to lowest level since 2009 with just one in Q2 2022 June 29, 2022 The UK’s Alternative Investment Market had the lowest number of IPOs since 2009 in 2022’s second quarter. Only one company floated in Q2 and raised £6m, research by accountancy group UHY Hacker Young found. The last quarter to experience IPO activity this low was the first quarter of 2009, following the start of the financial crisis, [...]
MoJ reject report that court staff were told to hand over striker names to Dominic Raab June 29, 2022 The Judiciary and the Ministry of Justice have pushed back against reports that court staff were told to hand over striker names to Justice Secretary Dominic Raab.
Octopus inks Dutch deal as it stretches tentacles across Europe June 29, 2022 The generation arm of Octopus has stretched its tentacles into another country, expanding its presence across Europe.
Motorists have ‘right to know’ why fuel costs surge, says the RAC June 29, 2022 Motorists have “a right to know” why fuel prices at UK forecourts continue to rise despite a slump in wholesale costs. Leading motoring group the RAC has accused fuel retailers of “inexplicably” rising costs after petrol yesterday reached a new record high of 191.2p while diesel stationed at 199p per litre – 0.1p less compared [...]
Scammers make off with £1.3bn amid surge in sophisticated fraud June 29, 2022 Scammers made off with over £1.3bn last year after a surge in sophisticated fraud schemes targeting UK bank customers, new data has revealed. Around £730.4m was taken via unauthorised fraud schemes, in which the holder does not provide authorisation, but authorised push payment (APP) fraud rose significantly to £583.2m losses, a new report by industry [...]
Sales at Morrisons drop as supermarket boss cites ‘very fragile’ trading environment June 29, 2022 Supermarket Morrisons has seen sales drop by 6.4 per cent in the second quarter of the year, blaming a “very fragile and difficult consumer environment.” In a trading update for the 13 weeks ending 1 May, the grocer said it had experienced a “very challenging” trading environment with cash-strapped Brits tightening their belts as inflation [...]
Crypto hedge fund Three Arrows Capital falls into liquidation June 29, 2022 Cryptocurrency hedge fund Three Arrows Capital has succumbed to liquidation, becoming one of the early victims of the current downturn in the crypto markets.
PwC hires 50 ESG focused interns as Big Four seek to capitalise on sustainability push June 29, 2022 PwC is set to bring in 50 new interns entirely focused on climate and ESG amid a race amongst the world’s biggest companies to capitalise on the rise of sustainability reporting. The Big Four firm said 50 of its 500 new interns will be focused on matters concerning ESG. PwC’s ESG chief Zubin Randeria said [...]
Nervous gambling sector holds its breath as govt moves towards maximum casino stakes and ban on free bets and VIP packages June 29, 2022 The Prime Minister is set to announce restrictions on the industry as part of the review of the 2005 Gambling Act amid concerns current regulations require changes to accommodate the growth of online betting. The Government confirmed it will publish a White Paper into gambling reform in coming weeks. The Times reported proposals to prohibit [...]
Bad luck for Camelot as High Court lifts stay on handing over National Lottery licence to Allwyn June 29, 2022 Camelot has lost its legal battle to block the National Lottery licence handover to Allwyn. Allwyn UK said in a statement this morning: “Today’s ruling is good news for The National Lottery; it enables the Gambling Commission to move forward to award Allwyn the Fourth National Lottery Licence”. “Mrs. Justice O’Farrell was clear that the [...]