FCA spares Amigo £72.9m fine to ensure burnt customers get redress February 14, 2023 The City watchdog has publicly censured beleaguered lender Amigo for a loan mis-selling scandal this morning but spared it a £72.9m fine, saying it would prevent the firm from paying out compensation to customers.
Coca-Cola bottling firm posts ‘record’ revenue despite exit from Russia and energy crisis eating into profits February 14, 2023 Coca-Cola’s bottling business today posted “record” results after bolstering its revenues through price increases, after its exit from Russia ate into profits. Coca-Cola Hellenic Bottling Company (HBC), which owns the bottling rights for Coca-Cola, saw its reported revenues surge 28.3 per cent to €9.2bn (£8.1bn). The uptick in revenues came as Coca-Cola HBC’s profits were [...]
Fintech trading platform Plus500 to put $100m back in shareholders’ pockets after bumper year February 14, 2023 Fintech trading platform Plus500 topped market expectations for the year today and announced it would put £82m ($100m) back in shareholders’ pockets after cashing in on “higher value” customers last year. In its preliminary full year results, the London-listed Israeli firm announced it would kick off a new $70m share buyback programme alongside a $30m [...]
The £200bn Covid savings war chest that could prevent a UK recession February 14, 2023 There’s a war chest of nearly £200bn – which started to be built up during the pandemic and has grown ever since – that could save the UK from recession. This may come as a surprise when all we hear from Westminster is how skint we are, but the stash of cash isn’t made up [...]
Planning overhaul needed for UK’s energy security, nuclear industry warns February 14, 2023 The nuclear industry has urged the government to make the planning system less hostile to new nuclear projects.
Reining in ChatGPT: AI tech titans must navigate a regulatory maze to thrive in the UK and beyond February 14, 2023 As ChatGPT continues to amaze, and Alphabet and others try to follow suit, Jess Jones explores some of the legal and regulatory challenges facing AI tech, and what they mean for the UK’s ambition to become a science superpower. “The genie is out of the bottle – and it’s hard to imagine how it goes [...]
Commodity specialist Fulcrum enters AIM market after £3m fundraiser February 14, 2023 Fulcrum Metals has gained admission to the AIM market on the London Stock Exchange, following a successful £3m fundraiser.
Jimmy McLoughlin’s Notebook: Has the office romance been killed off? February 14, 2023 We recently polled 1,000 people on romantic relationships in the office with the polling company FocalDate. It had been my hypothesis that the office romance had been squeezed over the last decade by the rise in dating apps, the #metoo movement and of course the pandemic. All these factors, leading to greater choice in partner [...]
The economics of envy: ditch the roses for Valentine’s and bake a cake instead February 14, 2023 This Valentine's Day, instead of going for a teddy bear or roses, gift your loved one a shared experience - as economics teach us that's what they'll really appreciate, writes Phoebe Arslanagic Wakefield
I won’t be crying any tears for the end of the office romance and neither should you February 14, 2023 The office romance is not the Gen Z preference. Should we mourn it? Not really. It only means we're getting better at separating work and personal life, writes Eliza Flby
