Thames Water confirms shareholder talks – but plays down fears of collapse June 28, 2023 Thames Water confirms it is in talks with shareholders over securing more funding, and has played down fears it could collapse.
London jobs at stake as UBS considers cutting over half of Credit Suisse’s workforce June 28, 2023 UBS is reportedly planning to cut over half of Credit Suisse’s workforce as it completes its takeover of the Swiss bank. The newly merged banking behemoth is planning on reducing its headcount by as much as 35,000 people in an attempt to cut costs, Bloomberg reported. Credit Suisse currently employs around 45,000 people. UBS is [...]
Darren Jones: Labour’s powerful business committee chair ‘sick’ of Ofwat failings amid Thames Water woes June 28, 2023 Darren Jones, the Labour MP who chairs the business and trade committee, has slammed Ofwat's regulation of the water industry.
Ashes: Just Stop Oil disrupt Lord’s Test – as Jonny Bairstow carries protestor off pitch June 28, 2023 Just Stop Oil protesters stopped the second Ashes Test, with England wicket-keeper Jonny Bairstow forced to take matters into his own hands. Ahead of the second over of the morning session at Lord’s, two protesters raced onto the pitch. Bairstow picked up one of the protesters and carried them off the pitch. The other protester [...]
Bitcoin holds firm while smart contract cryptocurrencies fall deeper into the red June 28, 2023 Bitcoin continues to hold above $30,000 this morning after investors once again tested the $31k level.
Energy firms face having licences stripped in Ofgem prepayment meter clampdown June 28, 2023 Ofgem has moved to make its protection rules for prepayment meter customers permanent as it continues its clampdown on the energy industry.
PwC set to hand 25,000 junior staff a real-terms pay cut – despite FRC plea to give them more June 28, 2023 Big four firm PwC has reportedly told its junior auditors their pay is going to be frozen, amid concerns it will make the industry less attractive. According to reports in the FT, around 25,000 staff members are set to get lower pay rises, with the accountancy giant citing the challenging market conditions and pay rises’ [...]
Revolution share price soars 58 per cent after Boohoo coup takes ugly turn at AGM June 28, 2023 Boohoo blasted the board of Revolution and called for the removal of three senior members after its rocky AGM yesterday saw the trio all ousted – then reinstated. The ugly row between Boohoo, which has a 26.6 per cent stake in the brand, continued late last night, as it led a successful vote to kick [...]
Ads watchdog slams car firms for exaggerating ‘ultra-fast’ EV charging June 28, 2023 Ads for Hyundai and Toyota electric cars have been banned for exaggerating the speed of recharging and failing to mention the limited availability of the fastest chargers across the road network. Three ads for Hyundai’s IONIQ 5, seen in January last year, all stated that the car could be charged from 10% to 80% in 18 minutes using a [...]
Mulberry profit takes a hit as luxury brand invests in global expansion June 28, 2023 Mulberry’s pretax profit slumped in the year, despite an uptick in revenue, as increasing costs weighed on performance. In the year to April, the luxury handbag maker reported an underlying profit of £2.5m, down from £14.6m last year. On a reported basis its pretax profit was £13.2m, which took into account impairment reversals on some [...]
