Households hunker down finances as they brace for worsening cost of living crunch March 1, 2022 Households are hunkering down their finances in preparation for the cost of living crunch to tighten, reveals official data published today. Brits cut back on spending last month and channeled money into their savings accounts to offset a future deterioration in their budgets caused by soaring inflation. Households added £7.8bn to their savings accounts last [...]
Big Four auditors KPMG, EY, and PwC seek to distance themselves from Russia March 1, 2022 The Big Four auditors have sought to distance themselves from Russia, after the UK government told City of London companies not to work on behalf of the Putin regime. In a post on Linkedin, Jon Holt, chief executive of KPMG’s UK division, said KPMG will be “ending” some of its client relationships in order to [...]
UK home to fourth largest rental market trailing US, Germany and Japan March 1, 2022 When it comes to the total volume of privately rented properties, the UK ranks fourth in the global rankings, with just the United States, Germany and Japan home to more rental homes, according to new research shared with City A.M. this morning. Across the UK there are estimated to be over 29.5m homes within the [...]
UK financial watchdog cracks down on ‘excessive’ claim management fees March 1, 2022 The UK's financial watchdog is putting a stop to claim management firms charging excessive fees to consumers owed compensation.
Total Energies fails to follow BP and Shell in exiting Russian projects March 1, 2022 Total Energies has announced it will no longer provide capital for new projects in Russia, following the country's invasion of Ukraine.
Gambling giant 888 swallows £9.4m money laundering fine from industry watchdog March 1, 2022 Gambling giant 888 has accepted a £9.4m fine from the industry watchdog, following social responsibility and money laundering failings. 888 UK, which operates 78 websites including 888.com, has also received an official warning from the Gambling Commission and will undergo extensive independent auditing. This is the second time 888 has faced enforcement action – in [...]
Betfair owner Flutter shares dive despite US growth March 1, 2022 Paddypower and Betfair owner Flutter Entertainment reported steady growth this morning despite, with recreational customers up 23 per cent to 7.6m average monthly players.
Raab: ‘Nothing off the table’ on sanctioning Russian oil and gas assets March 1, 2022 The UK government is still considering sanctions on Russian oil and gas supplies, according to comments made by deputy prime minister Dominic Raab today. Raab told the BBC: “I think we will look at that very carefully… As we take action to starve the Russian war machine, there is nothing that is off the table.” [...]
Shares in Russian retailer Fix Price tumble after sanctions hit VTB March 1, 2022 Shares in London-listed Russian retailer plunged yesterday after it suspended a planned share buyback programme due to sanctions slapped on the firm’s bank, the state-owned Russian lender VTB Capital.
Ministers branded ‘snowflakes’ for trying to curtail protests because they ‘cry into their port in the evening’ March 1, 2022 Ministers are “snowflakes” and are trying to curtail protests because they “cry into their port in the evening when people say things that they don’t like”, MPs heard. Labour MP Lloyd Russell-Moyle (Brighton Kemptown) told the Commons: “The Government didn’t like the Black Lives Matter protests when tens of thousands of young people went onto [...]