Who could replace Nicola Sturgeon as SNP leader and Scotland’s first minister? February 16, 2023 Scottish first minister and SNP leader Nicola Sturgeon revealed she is quitting the top job in a shock move seen as a major boon to the unionist movement. Runners and riders are jostling for position as the Scottish National Party (SNP) prepares to replace Sturgeon in the post. While the news was welcomed by the [...]
UK economy has a needless £20 billion dependency on US stablecoins, research says February 16, 2023 A report by Poundtoken and Myna says 99% of the global stablecoin market-cap is unnecessarily tied to the US Dollar.
‘Substantial reduction’ in bonuses at Deutsche Bank and Barclays as fallout from WhatsApp scandal continues February 16, 2023 Deutsche Bank and Barclays have both cut bonuses for senior staff that inappropriately used WhatsApp as the fallout from an industry-wide crackdown on the use of private messaging services continues. According to Bloomberg, employees at Deutsche Bank who were found to be in severe breach of policies will see a “substantial reduction” in their bonus. [...]
Part four: Financial Services and Markets Bill – time to get real about financial inclusion February 16, 2023 In his final part of a series of articles on the Financial Services and Markets Bill, Lord Holmes asses how far we are from financial inclusion.
Mazars UK business posts ‘record’ growth as firm pushes to tackle Big Four’s dominance February 16, 2023 Mazars today said its UK audit business grew 37 per cent over the previous year, as the accounting firm seeks to take on the Big Four and capture a larger share of the market. Mazars’ UK business posted “record” growth, despite rising costs, after its revenues increased by more than a fifth (23 per [...]
Network Rail hits back at ‘regretful’ RMT claim linking modernisation proposals to tragedy February 16, 2023 Network Rail’s plans to modernise maintenance will improve safety for workers, as it hit out at the RMT union for its “regretful” linking of proposals to a tragedy almost 20 years ago. NR strongly denied claims by the Rail, Maritime and Transport union that it had a cost-cutting agenda, as its boss Mick Lynch invoked [...]
Aldi to create more than 6,000 jobs across UK this year February 16, 2023 Supermarket chain Aldi is to create more than 6,000 jobs across the UK this year. The company, which has more than 990 stores and employs around 40,000 workers, said it plans to continue to expand throughout 2023. New stores will open in towns and cities including Norwich, Huddersfield and Shrewsbury. Aldi recently increased pay rates for around 7,000 [...]
SSP: Upper Crust owner’s UK recovery hampered by rail strikes as commuters stop buying baguettes February 16, 2023 Upper Crust owner SSP has seen the recovery in its UK arm hampered by repeated waves of strike action across railway networks. The company, which runs food outlets at transport sites such as airports and railway stations, revealed the performance of its UK and Ireland business lagged behind other regions globally due to train strike [...]
China sanctions US defence giants Lockheed Martin and Raytheon for supplying Taiwan weapons February 16, 2023 China imposed trade and investment sanctions on Lockheed Martin and a part of Raytheon for supplying weapons to Taiwan. The move steps up efforts to isolate the island democracy claimed by the ruling Communist Party as part of its territory. Lockheed Martin and Raytheon Missiles and Defence are barred from importing goods into China or [...]
Sudden rise in price of Bitcoin shows investors are embracing onset of increased crypto regulation February 16, 2023 Nigel Green believes the jump Bitcoin's price shows investors feel more assured, protected and confident by crypto regulation.
