FRC chief Jon Thompson to leave audit watchdog to lead HS2 project February 9, 2023 The head of the UK’s audit watchdog, Jon Thompson, is set to step down to take up a new position as the chair of HS2. Thompson has handed in his notice to leave his job as head of the Financial Reporting Council (FRC) and will now serve out his six-month notice period, Sky News first [...]
Deliveroo cuts 350 jobs as cost of living dims British and Irish appetite for takeaways February 9, 2023 Deliveroo has been forced to slash 350 job roles across all levels as it attempts to navigate a difficult economic outlook and a decline in take away sales post pandemic. Will Shu, chief executive of the food delivery app, revealed the news to staff on Thursday – blaming high inflation, recession fears and a decision [...]
Treasury consultation points to a positive way forward for UK crypto February 9, 2023 The introduction of proper rules and regulations can only be a positive development for the crypto industry, says Temple Melville.
Mercedes Benz makes first UK court appearance as ‘dieselgate’ class-action lawsuit begins February 9, 2023 German carmaker Mercedes Benz today appeared in a UK court over its alleged part in the ‘dieselgate’ scandal. Lawyers acting on behalf Mercedes Benz drivers asked a London court to let them launch a class-action type lawsuit against the German firm over claims it cheated on emissions tests. Class-action specialists Leigh Day and Pogust [...]
Composer Burt Bacharach dies age 94 February 9, 2023 Burt Bacharach, the composer of classic pop songs including I Say A Little Prayer and Walk On By, has died at the age of 94. His publicist confirmed to the PA news agency that he died surrounded by relatives at home on Wednesday, and said Bacharach’s family requested privacy at this time. The songwriter and [...]
Half-term holiday bonanza: Britons flock abroad with departures soaring 44 per cent February 9, 2023 Britons are capitalising on the first restriction-free February half-term in two years to flock abroad, according to new data. Figures released today by aviation analytics firm Cirium showed that departures during the coming half term are up 44 per cent on last year’s levels, as 15,455 flights are scheduled to take off from UK airports [...]
Self custody is sexy: What every crypto user should learn from the FTX and genesis debacle February 9, 2023 “Not your keys, not your crypto” is an oft-repeated phrase in our space. But, like a New Year’s resolution, it’s more easily said than done. As Head of Web3 Growth for OKX, I see self-custody wallets as the perfect solution for new users to take control of their own funds while unlocking the world of [...]
Watches of Switzerland revenues tick past £400m as buyers ‘invest in a rational indulgence’ February 9, 2023 Watches of Switzerland has seen its revenues soar in the three months ending 29 January with the group crediting a demand for luxury watches for the sales boost. The UK-based retailer, which stocks Swiss watches such as Rolex and Tag Heuer, brought in revenues of £407m in its third quarter, up 17 per cent from [...]
Google: Alphabet’s shares tank eight per cent after video blunder involving its version of ChatGPT February 9, 2023 Google’s parent company Alphabet’s shares plummeted yesterday after its brand new AI chatbot answered a question wrong during a promotional video. The owner of Google saw shares crash almost eight per cent on Wednesday, causing a $100bn (£82bn) loss to its value. This comes after Alphabet announced that Google would be launching an integrating its [...]
Standard Chartered shares jump as investors swoop on renewed reports of possible £28.8bn First Abu Dhabi deal February 9, 2023 Shares in Standard Chartered jumped around 10 per cent following reports from Bloomberg that First Abu Dhabi Bank was still interested in making an offer for the London-headquartered lender. According to Bloomberg, figures at First Abu Dhabi Bank were working on a possible takeover “under the code name Silver-Foxtrot” once the cooling-off period required by [...]
