Vodafone and Three hit back at national security concerns June 26, 2023 Vodafone and Three UK have dismissed concerns about their merger threatening national security after facing criticism from MPs and trade bodies over Three’s ties to China. Three UK, owned entirely by Hong Kong-based CK Hutchinson Holdings, has provoked MPs and trade bodies to flag their concerns that the telecoms company’s links to China may endanger [...]
Scottish Mortgage bosses set for shareholder grilling after ‘painful’ year June 26, 2023 Bosses at Scottish Mortgage Investment Trust are set to face down shareholders tomorrow after a “painful” year in which it has been rocked by a boardroom spat and a plunge in its share price.
IOG shares rise as troubled firm shelves North Sea projects June 26, 2023 IOG's shares have soared 25 per cent today on the London Stock Exchange, after it cancelled expansion projects to boost its balance sheet.
Dorries blamed as Huawei watchdog report goes unpublished for two years June 26, 2023 The annual report investigating national security risks posed by the Chinese telecoms company Huawei has remained unpublished for nearly two years, raising concerns about government transparency. According to the Telegraph, the decision to shelve the publication of the Huawei Cyber Security Evaluation Centre (HCSEC) report was made by the then-culture secretary, Nadine Dorries. Since 2021, [...]
British companies could face tougher climate scrutiny under new G20 rules June 26, 2023 Companies will face more pressure to disclose how climate change affects their business under a new set of G20-backed global rules aimed at helping regulators crack down on greenwashing. The norms published on Monday have been written by the International Sustainability Standards Board (ISSB) as trillions of dollars flow into investments that tout their environmental, social and [...]
Battery maker AMTE Power faces nervous wait for funds in threat to UK’s electric ambitions June 26, 2023 The UK’s electric dreams are at risk of running flat, with AMTE Power yet to update shareholders on its race to raise funds.
What we were able to change with the Financial Services and Markets Bill – part one June 26, 2023 In the first of a three part series, Lord Holmes of Richmond highlights improvements to the Financial Services and Markets Bill.
Plan to tackle fraud makes UK ‘less attractive’ for investment, payments lobby group warns June 26, 2023 The UK’s payments industry is under threat from proposals designed to tackle fraud, the main payments body has warned. In a letter to Lord Dominic Johnson, minister of state for investment, the Payments Association – which represents over 300 payments firms – warned “some regulators regulate in a way that stifles the growth of our [...]
Blackrock and Mastercard fuel crypto confidence as Bitcoin climbs above $31,000 June 26, 2023 Bitcoin has climbed to its highest level in over a year in recent days as top financial firms including Blackrock doubled down on their commitment to crypto.
Rich Brits only group to pocket disposable income rise as inflation chokes poorest families’ finances June 26, 2023 The richest households in the UK are the only group to have undergone a living standards improvement over the last year, while poorer families are being whacked by sky high energy and food bills, according to research out today. Top earners in Britain have seen their post-bill weekly income increase 2.1 per cent over the [...]
