WPP brings in top law firms to find source of leaked emails June 28, 2018 WPP has hired lawyers to investigate the source of anonymous emails which were sent to former and current employees at the company after the resignation of its long-time chief executive Sir Martin Sorrell. Anonymous emails were sent to WPP employees through encrypted Swiss email service Proton, which hides the identity of its user. The emails [...]
Company directors could face fines or jail time for flouting pension rules June 26, 2018 Unscrupulous directors who play fast and loose with their company pension scheme could face time in prison and unlimited fines under new measures tabled by the government today. A consultation was launched today by minister for pensions and financial inclusion guy Opperman which will impose harsher penalties for directors who deliberately or recklessly put funds [...]
Old Mutual wealth management arm Quilter lists in London with valuation of £2.8bn June 25, 2018 Old Mutual's wealth management division quilter has today listed in London at a price of 145p per share. The company which was previously named Old Mutual Wealth today said its market capitalisation at admission would be around £2.8bn. The offer comprises around 165,010,507 ordinary shares, which counts for around 8.7 per cent of the company's [...]
Mind Gym sets market cap of £145m for upcoming float on AIM June 25, 2018 Training firm Mind Gym will have a market cap of around £145m when it floats on London Stock Exchange sub-market AIM this Thursday, the company said today. Liberum will work as the nominated adviser, bookrunner and broker to the deal, as 34,828,410 will go on the market at a price of 146p per share. The [...]
HMRC accused of breaching data protection laws for taking ‘voice IDs’ of 5m taxpayers June 25, 2018 HMRC has been accused of breaching data protection laws by taking the "voice IDs" of over 5m people without their consent. When users call HMRC, they are asked to repeat the phrase "my voice is my password" on an automated line as a security precaution before they can access services. But data watchdog Big Brother [...]
London mayor Sadiq Khan joins thousands for Trafalgar Square Eid Festival celebration June 23, 2018 London Mayor Sadiq Khan will join thousands at Trafalgar Square today to celebrate the capital's 13th Eid Festival. The event celebrates the end of Ramadan through displays of Muslim art, cultural exhibits, poetry, story-telling and food. This year, the event will focus on the contribution women make to Muslim culture, as a number of speeches [...]
Bitcoin slumps to four-month low as Japanese financial regulator issues money laundering warning June 23, 2018 There was more bad news for cryptocurrency investors yesterday as Bitcoin crashed to a four-month low after Japan's financial regulator warned six digital currency exchanges to improve their anti-laundering systems. Bitcoin's price fell as low as $6,085.59 on Bitstamp, and came close to hitting its lowest level for the year of just below $6,000. Despite [...]
Anti-Brexit campaigners descend on Westminster to demand second referendum June 23, 2018 Thousands of anti-Brexit campaigners are expected to descend on central London today on the second anniversary of the referendum. The People's Vote march is due to start at 12pm today, as tens of thousands of people will walk from Pall Mall to Parliament Square as remainer groups continue to demand a second referendum on the [...]
UK’s largest apprenticeship provider Learndirect snapped up by training firm DTS June 23, 2018 Training firm Learndirect has today been sold to education company Dimensions Training Solutions (DTS) in a deal which could save 1,000 jobs, according to reports today. It ends months of uncertainty over Learndirect's future after the company's training services were given a poor rating by Ofsted. Learndirect has also suffered from government cuts to adult [...]
Willis Towers Watson completes £85m buy-in deal for Aliaxis Defined Benefit Pension Scheme June 21, 2018 London-based insurer Willis Towers Watson today announced that it had agreed a buy-in deal for £85m of the Aliaxis UK Defined Benefit Pension Scheme with Just Group. The payments were completed in two tranches, split between a £35m sum in November 2016, and a £50m payment last December. The deal covers 350 of the scheme's [...]
