Could fixing workplace stress save the UK £28bn a year? Axa warns burnout is burning a hole the economy March 29, 2023 People taking sick days because of work-related stress or burnout is costing the UK economy £28 billion a year, according to new research which highlights the financial toll of poor mental wellbeing. More people said they were struggling in the UK than in any other nation, the survey of 30,000 adults across 16 European, Asian [...]
Plans to house asylum seekers in military bases and barges as government pushes ahead to ‘discourage’ small boat crossings March 29, 2023 Asylum seekers will be housed in disused military bases, ferries and barges under government plans to reduce spending on hotels. Immigration minister Robert Jenrick is expected to announce the use of two RAF sites as he tries to reduce the £6.8m a day the government says it spends on hotel accommodation. The plans are likely [...]
JP Morgan’s Jamie Dimon to be deposed in Epstein case, plaintiffs’ lawyer says March 29, 2023 JP Morgan chief executive Jamie Dimon will be interviewed under oath in connection with the bank’s relationship with Jeffrey Epstein, the late sex offender and a former client, a lawyer involved in the litigation said on Tuesday. The deposition is expected to occur in early May, according to Brad Edwards, a lawyer representing women who [...]
Losing Bakhmut will let Putin ‘sell this victory to the West, to his society, to China, to Iran’ – Zelensky March 29, 2023 Ukrainian President Volodymyr Zelensky has warned defeat in the battle for Bakhmut would enable Russia to start building international support for a deal that would require his nation to make unacceptable compromises. And he has invited Chinese President Xi Jinping, long aligned to Russia, to visit. Mr Zelensky said if the eastern city of Bakhmut [...]
FTX: Bankman-Fried charged with paying $40m Chinese bribe March 29, 2023 U.S. prosecutors on Tuesday unveiled a new indictment against Sam Bankman-Fried, accusing the founder of the now-bankrupt FTX cryptocurrency exchange of paying a $40 million bribe to Chinese officials so they would unfreeze his hedge fund's accounts.
Next shares plummet as retailer braces investors for a ‘difficult’ year March 29, 2023 Next share price fell 7.44 per cent this morning as it assured investors that it is prepared for a “difficult” year ahead, as soaring inflation looks set to rattle the high street powerhouse. The FTSE 100 listed retailer said that it was budgeting for full price sales to be down slightly by 1.7 per cent [...]
Warning NHS dentistry ‘approaching the end of the road’ as Bupa to shut 85 practices impacting 1,200 jobs March 29, 2023 Bupa Dental Care is set to cut 85 dental practices in a move that will affect 1,200 staff across the UK, amid a national shortage of dentists and “systemic” challenges across the industry. The healthcare group said patients at the affected practices have not been able to access the NHS dental service they need. Bupa, [...]
Which is best? Star analyst forecasts, or forward guidance? March 29, 2023 BETTER to trust independent analysts or company bosses when it comes to forward guidance? It appears insiders really do know best. That’s according to a recent study from the University of New South Wales, which suggested so-called ‘star’ analysts – those picked out on the Institutional Investor All-American analyst team or the European Extel survey [...]
In defence of capitalism: Does money corrupt politics? March 29, 2023 In the fifth of an eight-part series, Dr Rainer Zitelmann – the author of the new book In Defence of Capitalism – argues that free markets, capitalism and money make for fairer elections and freer democracies, not the other way round The American intellectual Noam Chomsky, one of the most popular critics of capitalism, writes [...]
UBS re-appoints Sergio Ermotti as CEO saying he’s ‘ideally placed’ to steer through acquisition of Credit Suisse March 29, 2023 UBS has reappointed Sergio Ermotti as chief executive just weeks after the Swiss banking giant acquired its long-time rival Credit Suisse in a $2bn bail out. Emotti, who will replace the outgoing Ralph Hamers, was previously chief executive for nine years up to 2020, directing the bank in the aftermath of the financial crisis. Hamers [...]
