Amigo Loans cuts ties with KPMG following ‘competitive tender’ September 5, 2022 Amigo Loans has cut ties with KPMG in appointing mid-tier accountancy firm MHA MacIntyre Hudson as its new auditor. The subprime lender said in a statement it had appointed MHA MacIntyre Hudson as its new auditor after the accounting firm won a competitive tender for the contract to audit Amigo’s accounts. KPMG said in a [...]
Truss urged by City to keep bank tax cut to boost competitiveness September 5, 2022 Liz Truss has been urged by City figures to slash taxes on banks amid speculation the incoming Prime Minister could lighten the tax burden for UK firms. Ex-chancellor Rishi Sunak last year announced a cut in the UK bank surcharge on profits from 8 to 3 per cent to offset the effect of a planned [...]
Lloyd’s of London says state-backed cyberattack policy is ‘responsible’ September 5, 2022 Lloyd’s of London has defended plans to stop providing insurance coverage for state-backed cyberattacks. In an interview with the Financial Times, Lloyd’s chief of markets Patrick Tiernan said the insurance marketplace is “being responsible” by taking a cautious approach. In a note last month, Lloyd’s explained that the potential for state-backed cyberattacks to spread could [...]
Exclusive: Subscribers more likely to cut video rather than music says Deezer CFO September 5, 2022 Deputy CEO of Deezer has said users are more likely to cut video streaming subscriptions than they are music as consumers are forced to tighten their belts on subscriptions.
Exclusive: Demand has to be tackled alongside supply, says energy boss September 5, 2022 The Government needs to combine support for households with policies that will cut supply demand, argued Good Energy boss Nigel Pocklington.
Deliveroo gears up for Supreme Court challenge over workers’ rights September 5, 2022 A gig economy union is readying to take Deliveroo to the Supreme Court, following its partnership deal with another union. The Independent Workers’ Union of Great Britain (IWGB) said it is set to challenge Deliveroo in the Supreme Court, alleging a denial of collective bargaining rights. In May, the union received criticism from workers after announcing [...]
Netflix pushes forward with ads offering as new players continue to pile in September 5, 2022 Netflix is reportedly bringing forward the launch of its cheaper ad-supported tier as the streaming giant tries to keep hold of a dwindling subscriber base.
Exclusive: Fracking revival draws mixed response from industry analysts September 5, 2022 The growing possibility of fracking being revived in the UK has drawn a mixed response from energy analysts and think tanks.
Asos shares slip after fashion marketplace reminded analysts of lower profit guidance September 5, 2022 Asos saw its share price tumble on Monday, alongside several retailers including Joules and THG. The share slide followed reports that the online fashion marketplace had privately reminded City analysts on subdued guidance for the year ahead, as is a standard pre-close practice. Asos shares were subdued by almost six per cent on Monday afternoon, [...]
Tap in: Lioness Chloe Kelly honoured with special bus ride September 5, 2022 TfL has honoured Lioness Chloe Kelly for her role in winning the Euro 2022 final with a bus ride displaying her name. The 24-year-old on Monday took the 92 bus to Wembley stadium where she was greeted by several posters depicting her connection to the route. “I used to take the 92 bus as a [...]