As financial headwinds give listed firms the jitters, going public still matters October 6, 2022 Investment banks, advisors and shareholders all love companies being listed on the stock exchanges. Bankers make high fees on corporate activity, lawyers and accountants charge more to listed companies and shareholders secure access to a broader range of companies, with more secure governance than most private companies. For them, the incentives are clear. But the [...]
Truss ‘giving with one hand and taking with other’ through stealth taxes, IFS says October 6, 2022 Liz Truss is “giving with one hand and taking with the other” by keeping stealth taxes, a new study out today reveals. Some £2 for every £1 returned to Brits in the prime minister and chancellor Kwasi Kwarteng’s tax cutting mini-budget will be lost to “fiscal drag,” the Institute for Fiscal Studies (IFS) said today. [...]
Tobacco chief denies unfair Western focus for vape strategy October 6, 2022 Top dog at cigarette giant British American Tobacco (BAT) has pushed back against claims that the company’s focus for smoking alternatives has unfairly focused on the West, calling this narrative “superficial”. Speaking to City A.M., chief marketing officer Kingsley Wheaton said that whilst it was “certainly true” that the northern hemisphere have a “more advanced [...]
Letters: A GDPR Brexit won’t help us October 6, 2022 [Re: Donelan’s data law reform lag raises eyebrows, Oct 4] The announcement this week by culture secretary Michelle Donelan that the UK plans to replace GDPR with its own “business and consumer-friendly British data protection system” is bad news. It will only increase complexity for companies in Britain and the EU hoping to collaborate by [...]
Scammers circle as Brits pull emergency cash from pension pots October 6, 2022 Cash-strapped Brits looking to draw on their pension pot to cope with the rising cost of living are at risk of predatory scam tactics, the UK’s financial watchdog has warned today.
Bolt to face court battle over drivers’ employment rights October 6, 2022 Ride-hailing app Bolt is set to face a class action lawsuit calling for it to class its drivers as workers rather than self-employed contractors. Law firm Leigh Day has filed a claim against Bolt on behalf of more than 1,600 of its drivers in calling on the Estonian tech company to give its drivers holiday [...]
Motorists beware: RAC warns petrol prices likely to rise after OPEC cuts October 5, 2022 Prices at the pumps will spike following OPEC's decision to heavily cut oil production, warned motoring group RAC.
Is centralisation the real Ethereum-killer? October 5, 2022 Hugh Brooks, Director of Security Operations at CertiK, argues that Ethereum must prioritise decentralisation.
Household support package could cost £140bn, warns Cornwall Insight October 5, 2022 The Government’s support package to ease soaring household energy bills could climb as high as £140bn, warned Cornwall Insight.
Liz Truss speech: North London’s not the problem in Britain’s race to growth October 5, 2022 Like a battered boxer with a thick skull, then, Liz Truss lives to fight another day. On the ropes, yes, but not quite down and out. Yesterday’s speech was fine, as it goes, and not much more than that. It will keep her party in some degree of order for at least a week or [...]
