Liz Truss refuses to rule out scrapping the bankers’ bonus cap September 20, 2022 Liz Truss has today warned that not all her policies will be “popular” as she refuses to rule out scrapping the bankers’ bonus cap. The Prime Minister told journalists in New York that “what is important to me, what is important to the chancellor, is that people have more opportunities, there is more investment, there [...]
Deloitte to recruit 3,500 new consultants in £220m hiring spree September 20, 2022 Deloitte is set to hire 3,500 new consultants as part of £220m plans to capitalise on surging demand for advice as businesses seek to navigate the digital and green transitions. The hires will see the Big Four accountancy firm’s increase the size of its consulting workforce by 40 per cent over the next half a [...]
Further rail strikes to take place on 1 October September 20, 2022 Further rail strikes are set to take place on 1 October, as workers at 14 train operators will walk out in a dispute over job security, pay and conditions. The union RMT said the walkout will bring the country’s network to “an effective standstill,” especially as it takes place ahead of the Conservative Party conference [...]
Rolls-Royce: Automotive veteran appointed to head subsidiary September 20, 2022 Automotive veteran Jorg Stratmann has been appointed as boss of Rolls-Royce’s subsidiary firm, Power Systems. Stratmann, who stepped down as chief executive of automotive supplier Mahle last year, will join the engine maker on 15 November. The automotive veteran will report to the wider group’s boss Warren East until the end of the year, when [...]
German business costs accelerate at quickest pace on record September 20, 2022 German business costs have soared at the fastest rate ever in a sign that more financial woe is set to be heaped on consumers. Input prices, known as the producer price index, surged 45.8 per cent last month, according to Germany’s statistics agency. The record jump was driven by a near tripling in electricity prices. [...]
Good Energy braces for challenging winter with heavy hedging strategy September 20, 2022 Good Energy has adopted an ultra-conservative hedging strategy ahead of winter as it looks to navigate challenging market conditions.
Queen’s funeral: Sky News has biggest single day on YouTube with 42m views September 20, 2022 Sky News had its biggest single day on YouTube during the Queen’s funeral, with more than 42m views. The broadcaster’s digital offering included 5.2m million users on Sky News’ app and website, as the nation watched Her Majesty the Queen laid to rest. Sky News said it had more than 23m views of its coverage [...]
Ethereum’s ‘Merge’ did little to ease troubles of crypto markets September 20, 2022 Data from CryptoCompare shows that the price of Bitcoin kept dropping throughout last week, moving from around $22,000 to a low under the $18,500 mark.
Govt looks at ‘business case’ for Channel 4 privatisation and scrapping BBC licence fee September 20, 2022 The UK Government is currently reconsidering its plan to privatise Channel 4 as well as scrapping the BBC licence fee. Culture secretary Michelle Donelan said she was currently “looking at the business case” for the sale of the state-owned broadcaster. “I’m the type of politician that bases their decisions on evidence, that bases their decisions [...]
Liz Truss sacks pensions minister Guy Opperman in reshuffle September 20, 2022 Guy Opperman has been sacked as pensions minister by Liz Truss as a part of her frontbench reshuffle. Opperman – who had been a minister in the Department for Work and Pensions (DWP) since 2017 – was sacked on the day of the Queen’s death, but the announcement was not made during the mourning period. [...]
