Rosneft plans £3bn dividend payout as Russia scrambles for revenues November 14, 2022 Rosneft has confirmed it will make its first ever nine-month dividend pay-out, as Russia scrambles to raise revenues to boost flagging economy.
Hospitality venues slash days open to save on energy costs November 14, 2022 Pubs and restaurants are planning to slash trading hours this winter due to “extortionate” energy costs, with bosses calling for government aid. More than 1 in 20 hospitality firms planned to stop trading for two or more additional days a week in November, fresh data from the Office for National Statistics (ONS) has revealed. This [...]
Many Brits to turn off Christmas lights in bid to save energy November 14, 2022 Christmas is set to be a bit less sparkly this year with a massive upsurge in Brits not putting up Christmas lights to save energy. The soaring cost of electricity means 16 per cent of UK households will avoid plugging in fairy lights on their tree and across their house, which light up many streets [...]
Taxing kerosene on flights could bring £6.7bn per year into Treasury’s pockets November 14, 2022 Taxing the use of kerosene on flights could bring an additional £6.7bn a year into the Treasury’s pockets, according to research. A study by NGO Transport & Environment (T&E) published today showed that airlines should be subjected to the same rules as motorists, who pay road fuel unlike carriers. “The UK is effectively a tax [...]
Climate Change & Sustainable Eye Care November 14, 2022 The last week has seen world leaders and changemakers from around the world gather in Sharm-El Sheik in Egypt at the annual Conference of the Parties event (COP27). This year, the goal is to build upon what has been discussed and implemented at the conference since its genesis in Rio in 1992. Global Unison Enhancing [...]
FRC fines hit record highs as watchdog sends ‘clear message’ to UK’s audit sector November 14, 2022 The UK’s Financial Reporting Council (FRC) fined auditors a record £33.3m in the year running up to 30 September 2022, new figures from Thomson Reuters Confirmation shows. The record high sum marks a 77 per cent increase on the £18.7m fines – after discounts and adjustments – handed out in the previous year. The [...]
OakNorth boss: Government must lure investors to lock-in homegrown tech firms November 14, 2022 The government must lure investors to the UK if it is to lock-in homegrown tech firms, the co-founder of London-based fintech OakNorth has said. London, which was today overtaken by Paris as Europe’s biggest stock market, has been “having a tough time convincing technology companies to list here,” Rishi Khosla wrote in The Times today. [...]
UK crypto chiefs call for tighter regulation in wake of FTX collapse November 14, 2022 Top crypto firms have called for tighter regulation of digital assets in the UK today as lawmakers look to safeguard investors in the wake of the collapse of the FTX exchange last week.
Amazon to slash 10,000 corporate and tech jobs – reports November 14, 2022 E-commerce behemoth Amazon is mulling laying off around 10,000 people, it has been reported, amid a torrid slew of tech lay-offs last week. According to a report in The New York Times, redundancies for corporate and technology roles could begin as early as this week, people with knowledge of the matter said. This would mark [...]
Sainsbury’s now using imported Italian eggs amid ‘supply challenges’ November 14, 2022 Sainsbury’s is now importing its eggs from Italy due to a supply crisis sparked by the avian flu outbreak. The supermarket giant admitted it and other rivals are “experiencing some supply challenges with eggs”, after a report on Friday outlined the staple food had soared in price. One Twitter user shared an image of eggs [...]
