Woodside Energy books £3.6bn depreciation expense February 14, 2023 Australia's Woodside Energy Group will book a nearly £3.6bn expense this year, after changes in its asset depreciation calculation.
Institutions will continue to back blockchain February 14, 2023 The crypto world has been forcibly thrust into a renewed need for maturity, and institutions aren't phased by volatility, says Norman Wooding.
Inflation erodes UK real pay rapidly despite record wage increases as 137,000 Brits return to workforce February 14, 2023 UK take home pay is falling at one of the fastest paces since records began over two decades ago despite wage growth racing ahead at the quickest rate outside the pandemic, official figures out today reveal. Real pay fell 4.3 per cent over the three months to December last year when using the consumer price [...]
Betfair owner Flutter gambles on US market with plans to embark on secondary listing February 14, 2023 Flutter, the UK betting group that owns Betfair and Paddy Power, is contemplating a secondary listing in the US to tap into the American gambling market. The world’s largest online betting group plans to consult shareholders “extensively” on the matter and prioritise it over plans to list a stake in its US business, FanDuel, which [...]
Bitcoin finds footing on unsteady ground February 14, 2023 Bitcoin was trading at $21,830 this morning, up by one per cent over 24 hours as Ethereum holds steady at $1,510.
Watch: BBC chair Richard Sharp must ‘fall on his sword’ and quit honourably, veteran broadcaster Jonathan Dimbleby says February 14, 2023 Richard Sharp is facing growing calls to “fall on his sword” and resign as BBC chairman over the cronyism row caused by him helping Boris Johnson secure an £800,000 loan facility. Rishi Sunak was standing by the embattled former banker despite a highly-critical cross-party report by MPs finding Sharp chairman made “significant errors of judgment”. [...]
Tui reduces loss to £135m but warns of threat posed by soaring fuel prices and cost-of-living crisis February 14, 2023 Travel firm Tui has posted a €153m (£135m) loss for the final three months of 2022 as the German company warned of potentially tougher times to come. The Hanover-based firm said the cost-of-living crisis could see demand for its holidays to fall as cash-strapped Europeans cancel trips abroad. Tui warned that the war in Ukraine [...]
Ukraine: Putin orders Wagner group and Russian troops to advance in ‘most sectors’ but MoD says gains won’t ‘achieve decisive effect’ February 14, 2023 Vladimir Putin’s troops have been commanded to advance in “most sectors” but are struggling to achieve a major breakthrough on the Ukrainian front line, British military chiefs have said. The Ministry of Defence (MoD) said on Tuesday that the Russians have “not massed sufficient offensive combat power” on any one axis to “achieve a decisive [...]
BBC ‘fully co-operating’ as offices raided by India tax officials after documentary on PM Narendra Modi February 14, 2023 Officials from India’s Income Tax department began conducting searches on Tuesday at the BBC’s offices in the capital, New Delhi. It comes weeks after the British broadcaster released a controversial documentary that examined prime minister Narendra Modi’s role during 2002 anti-Muslim riots. Teams from the tax department surveyed the BBC’s Delhi and Mumbai offices, the [...]
Ford to cut 1,300 UK jobs in major overhaul of European operations to refocus on EVs February 14, 2023 Ford has announced it will be scrapping 3,800 jobs across Europe, including 1,300 in the UK, over the next three years amid plans to reinvent the brand and focus on a smaller range of electric vehicles. The global carmaker said 2,800 engineering roles will be axed by 2025, and around 1,000 jobs in its administrative, marketing, [...]
