Amazon shareholders told to rebel on boss’s pay packet May 6, 2022 One of the world’s top shareholder groups has told Amazon investors to vote against a proposed pay hike for boss Andrew Jassy and the re-election of board director Judith McGrath at the firm’s annual general meeting this month.
Ministers set to unveil data reform bill in Queen’s Speech May 6, 2022 Ministers are preparing to unveil a new data reform bill to allow the UK to split from EU privacy laws, according to reports.
Business of Space: The things you can do with a commercial hand May 6, 2022 City A.M.’s Millie Turner offers up a roundup of the most important news across the space industry, every Friday. This week: SpaceX deepens commercial ties with NASA Artemis: NASA latest stage in returning to the moon Space regulations race to catch up with technology SpaceX and satellite spin-off Starlink SpaceX brought four astronauts back down to Earth last night, as [...]
Ad boss Sir Martin Sorrell says S4 Capital’s results delays are unacceptable and embarrassing’ May 6, 2022 Ad industry veteran Sir Martin Sorell has said month long delay in the release of marketing firm S4 Capital’s results are “unacceptable and embarrassing,” after promising to make “significant changes” to the firm. The WPP founder decried the delays to the publication of S4 Capital’s results, after Big Four auditing firm PwC failed to sign [...]
KPMG ups pay for 15,800 rank-and-file staff by at least £2,000 May 6, 2022 The UK arm of Big Four accountancy firm KPMG is set to give pay rises of £2,000 each to 15,800 of its rank-and-file employees. The auditor said all of its everyday employees will see their salaries hiked by at least £2,000, as it said all staff excluding partners will receive a flat pay rise of [...]
EG Group swoops in to save collapsing convenience chain McColl’s as thousands of jobs remain at risk May 6, 2022 McColl’s had been placed under administration of accounting and consulting firm PriceWaterhouseCoopers, after failing to get the short-term funding to stay afloat. In an announcement this afternoon, the company said: “In order to protect creditors, preserve the future of the business and to protect the interests of employees, the Board was regrettably therefore left with no [...]
Shell gets injunctions against climate activists citing ‘safety’ of its employees during direct action May 6, 2022 Oil giant Shell has obtained an injunction against environmental protestors, citing the safety of its employees put at risk by direct action. The company listed a number of recent incidents involving Extinction Rebellion and Stop Oil demonstrations, which caused road closures, disruption, and fuel not being delivered It also highlighted numerous incidents where protesters, including [...]
City watchdog to crackdown on adverts that downplay risk of borrowing as cost-of-living crisis bites May 6, 2022 The UK’s financial watchdog has told lenders and brokers to stop using misleading terms in their advertising that might make borrowing money look easier or less risky than it is. The Financial Conduct Authority (FCA) has sent letters to 28,000 consumer credit firms telling them to stop using terms such as “no credit check loans,” [...]
Beergate: Durham police investigating Keir Starmer over alleged lockdown breaches after ‘receipt of significant new information’ May 6, 2022 Keir Starmer is being investigated by Durham Police over the so-called ‘beergate’ lockdown breach in April last year. Durham Constabulary issued a statement on Friday saying it is looking into the alleged rule-breaking after the “receipt of significant new information”. The force previously said they did not think he had broken rules over a gathering [...]
WisdomTree slams dissident investors for ‘false and misleading assertions’ May 6, 2022 Investment giant WisdomTree has hit back at what it said were “false and misleading assertions” levelled at the firm by shareholders ETFS Capital Limited and Lion Point Capital, after they accused the board of lack of concern for its investors.