Make Meta Trump Again: Former President invited back on to Facebook – but firm promises ‘guardrails’ January 25, 2023 Former US President Donald Trump has had his suspension from Facebook lifted – but he’ll be subject to new ‘guardrails’ which could include stopping his posts being distributed on the platform. Trump was suspended for supporting protestors at the US Capitol on January 6 who stormed the building in a riot which killed five people. [...]
Serious Fraud Office: Osofsky backs government’s plan for new ‘failure to prevent’ fraud offence January 25, 2023 The director of the UK’s Serious Fraud Office (SFO) has backed plans for a new ‘failure to prevent’ fraud offence, after government ministers today confirmed the offence would make its way on the statute books. SFO chief Lisa Osofsky said government plans to introduce a failure to prevent offence for fraud has the “potential to [...]
In defence of capitalism? Why the end of CDs signals the triumph of (green) free markets January 25, 2023 A book lands on the desk at City A.M. towers: In Defence of Capitalism. A brave title in today’s climate, regrettably, and at points the arguments are even braver still – not least when the German author Dr. Rainer Zitelmann, an economist, uses his music collection as an example of how markets might well save [...]
A bad Musk: Ad spending on Twitter fell by 70 per cent in December, new data shows January 25, 2023 Spending on adverts on Twitter dropped by 70 per cent in December, new data has revealed. The fresh statistics, from advertising research company Standard Media Index, shows that firms are losing confidence in the social media platform and raises further questions about whether Musk will be able to turn things around. According to reports, Twitter [...]
Boeing posts positive free cash flow for first time since 2018 as losses go up January 25, 2023 Boeing has posted a positive free cash flow for the first time since 2018 despite higher net losses. The US plane maker today reported a $2.3bn (£1.9bn) free cash flow for the whole of 2022, up from a loss of $4.4bn the previous year. Meanwhile, free cash flow for the three months ended 31 December [...]
London motorists hit with sharpest uptick in car insurance costs as UK premiums surge January 25, 2023 Motorists are now paying £100 more for car insurance than last year, according to new research which shows premiums have increased at their sharpest rate in six years. Car insurance premiums have increased 19 per cent over the past 12 months, meaning motorists now pay average sums of £629 to insure their vehicles, Confused.com’s Car [...]
Who watches the watchdog? “Quis custodiet ipsos custodes?” Part III January 25, 2023 The third instalment of Lord Holmes' thoughts on the Financial Services and Markets Bill which is at the committee stage in the House of Lords today.
FCA’s new sustainability rules to establish UK as world leader on anti-greenwashing January 25, 2023 Industry figures today claimed the UK was set to become a global leader in the fight against so-called greenwashing after the conclusion of a consultation by the financial regulator. The new rules aim to clamp down on greenwashing, when firms make exaggerated or misleading claims about the environmental credentials of their investment products. The Financial [...]
FTSE 100 close: Barclays, HSBC and Easyjet shine on otherwise poor day in London January 25, 2023 London’s FTSE 100 today gave up morning gains to finish lower before stronger-than-expected retail earnings provided a balm against recession fears. The capital’s premier index fell 0.22 per cent to 7,740.34 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, slid 0.38 per cent to [...]
Murdoch cancels proposal to reunite Fox and News Corp as shareholders lack confidence January 25, 2023 Rupert Murdoch has abandoned an attempt to reunite Fox and News Corp after shareholders expressed their lack of confidence in the merger. An announcement by News Corp yesterday said Murdoch had retracted his proposal to “explore a potential combination of News Corp and Fox Corporation” in a letter to Fox and News Corp. The billionaire [...]
