Tory leadership debate: Members back Truss over Sunak in latest poll July 26, 2022 A new poll of Tory party members has found a majority believe Liz Truss convincingly beat Sunak in last night’s BBC debate in another setback for the ex-chancellor’s chances of becoming Prime Minister. A YouGov poll today found 50 per cent of members thought Truss won and 39 per cent though Sunak won the fiery [...]
Macfarlanes’ partner pay outstrips Magic Circle’s in surging to highs of almost £2.5m July 26, 2022 Partners at ‘Silver Circle’ law firm Macfarlanes are set to receive payouts worth almost £2.5m this year, after profits at the City firm surged. The bumper payouts mean partners at Macfarlanes will be handed sums worth significantly more than those paid out to top lawyers at London’s elite Magic Circle firms. Partners at the City [...]
UBS profits drop below expectations July 26, 2022 A sharp fall in profits at UBS’s investment banking division caused by charges to deal with the fall out of the collapse of Bill Hwang’s Archegos Capital and tumbling global stock markets has raided the Swiss lender’s bottom line. UBS profits sank around $100m (£83m) over the last year to $2.1bn (£1.7bn), it announced today, [...]
SEC investigates Coinbase over crypto listings and securities concerns July 26, 2022 The SEC is investigating Coinbase over whether it allowed the trading of crypto assets that should have been registered as securities, Bloomberg reported. Coinbase maintains that it does not list securities on its platform, with the crypto exchange’s Chief Legal Officer Paul Grewal tweeting last week, “We 100% disagree with the SEC’s assertion that any [...]
Brits turn to criminality as living costs skyrocket: 15 people added to insurance fraud register every day July 26, 2022 Around 15 people are being added to an insurance fraud register every day amid concerns that more could be tempted into criminality as living costs rise. The Insurance Fraud Bureau (IFB) said it has seen a 17 per cent increase in people being added to the Insurance Fraud Register (IFR). The IFR is a national [...]
Privacy group slams supermarkets for using ‘Orwellian’ facial recognition cameras July 26, 2022 Privacy rights group Big Brother Watch has filed a legal complaint with the UK data watchdog claiming that Southern Co-operative’s use of live facial recognition cameras in its supermarkets is “unlawful”.
British Airways’ problems mount as pilots threaten to walk out July 26, 2022 Problems at British Airways (BA) seem to be mounting as pilots have now threatened to walk out in a dispute over salaries. Balpa, the only recognised union for the carrier’s pilots, said it was in negotiations with the airline “to persuade them that continuing Covid deductions from wages is no longer justified. In July 2020, [...]
THG and SoftBank scrap options for $1.6bn investment in e-commerce emporium July 26, 2022 E-commerce giant THG has cancelled its partnership with a division of SoftBank, citing “global macroeconomic conditions.” A call option with the Japanese conglomerate to pump an extra $1.6bn into technology unit THG Ingenuity has been scrapped and will “cease to be capable” of being exercised. An option and collaboration agreement was terminated by mutual agreement [...]
Monzo ‘repeatedly failed customers’ by not sharing data, competition watchdog says July 26, 2022 The competition watchdog has accused Monzo of “repeatedly” failing its customers today after it found the digital lender had failed to share transaction data with people closing down their accounts.
From Premier Inn to Premier League: Outgoing Whitbread boss Alison Brittain is new football chair July 26, 2022 The Premier League has announce its new chair as the outgoing CEO of Premier Inn-owner Whitbread, Alison Brittain. The businesswoman was voted for “unanimously” by the football organisation board’s nomination’s committee as the successor to outgoing chair Gary Hoffman. She will take over from interim leader, Peter McCormick, in early 2023. Brittain, who announced her [...]