Ireland must recover £11bn in taxes from Apple, EU court rules September 10, 2024 Ireland is required to recover more than 13bn euros (£11bn) in back taxes from Apple, following a decision of Europe’s top court. The European Court of Justice (CJEU) decision restores a 2016 European Commission ruling that Ireland gave undue tax benefits to Apple, which would be illegal under EU state aid rules. Ireland and Apple, [...]
Government finalising £500m rescue package for Tata’s Port Talbot plant September 9, 2024 The government is drawing up a £500m rescue deal for Tata Steel’s Port Talbot plant this week, following the closure of its blast furnaces.
Nationwide to complete £2.9bn takeover of Virgin Money after FCA and PRA approval September 6, 2024 Nationwide is to complete its £2.9bn takeover of rival Virgin Money next month after the deal was given the green light by the UK’s financial regulators. The banks said in statement issued to the London Stock Exchange that the Financial Conduct Authority (FCA) and the Bank of England’s Prudential Regulation Authority (PRA) have both approved [...]
Completions to fall at Barratt amid flurry of updates from housebuilders September 1, 2024 Barratt Developments is expected to report a fall in home completions, but profits just ahead of previous expectations, amid a week of financial updates from UK housebuilders. The company, which is Britain’s biggest housebuilder, reports its annual results on Wednesday September 4, with updates from Vistry and Berkeley Group in the following days. Barratt said in July [...]
Viagogo defends reselling Oasis tickets for thousands of pounds as ‘legal’ August 31, 2024 Viagogo defended reselling Oasis tickets for thousands of pounds on its website following the Britpop group warning fans that passes would be “cancelled” if not sold on an official site.
IT experts say ‘huge possibility’ of Oasis tickets being bought by bots August 31, 2024 IT experts say there is a “huge possibility” that high numbers of Oasis tickets are being purchased by computer bots at once.
Oasis ticket-selling websites hit with outage issues August 31, 2024 Oasis fans face a struggle to secure general sale tickets for the band’s comeback tour as booking websites experienced outages.
MP ‘profoundly sorry’ for alleged ‘pretty serious faults’ in flats he rents out August 31, 2024 A newly elected MP has said he is “profoundly sorry” for alleged “pretty serious faults” in some of the flats he rents out.
Drax: Renewable power operator agrees to pay £25m as Ofgem shuts probe August 29, 2024 Power station operator Drax has agreed to pay £25m after an investigation by energy watchdog Ofgem found it failed to report data adequately. Drax, which receives hefty Government subsidies from burning biomass wood chips, lacked the necessary data governance and controls in place, according to Ofgem. This meant it did not give the regulator accurate [...]
Next pay ruling heralds impending employment law headache August 29, 2024 Next argued that in the wider labour market rates of pay for warehouse workers are higher than for shop-floor workers, and so they pay their warehouse workers more.
