Channel 4 chief suggests government pushed privatisation agenda on its delayed annual report July 12, 2022 Channel 4 have said the government tried to tamper with the broadcaster’s annual report to ensure it aligned with its own privatisation ambitions.
Top UK firms set to dish out £85bn in dividends this year July 12, 2022 Shareholders in Britain's top firms are set to pocket as much as £85bn in dividends this year as boardrooms pay out excess cash to investors, new research has revealed.
FSB to put forward a global regulatory framework for crypto in October July 12, 2022 The Financial Stability Board will propose global crypto regulations in October following the recent crypto crash. The global watchdog said it is working towards ensuring that crypto is subject to tight oversight and will “submit a public consultation report that proposes recommendations for promoting international consistency of regulatory and supervisory approaches to crypto-assets and crypto-asset [...]
BoE lays down crypto regulation plans following crash July 12, 2022 The Bank of England laid down its plans for crypto regulation in the UK following the drastic instability from the “crypto winter.” Deputy Governor Jon Cunliffe said the Bank would apply identical regulation to different financial services in the UK, regardless of how they are provided, if the risks presented by them are the same. [...]
Women’s Euro 2022: Brits to spend £175m on food and beer when Lionesses play N. Ireland on Friday July 12, 2022 Following the Lionesses’ historic 8-0 victory against Norway, Brits are catching football fever and are likely to spend almost £175m when England play Northern Ireland on Friday. Supporters will soak up the atmosphere of the Women’s Euro 2022 with 4.7m expected to tune in, with England already through to the quarter finals and N. Ireland, [...]
Government set to unveil fresh capital markets reform to boost the City July 12, 2022 The government is set to push through a number of further reforms to the City’s capital markets to ease the way that listed firms can raise cash and allow greater participation from retail investors.
Lawyers should stop telling clients to pay ransoms to hackers, UK watchdogs say July 12, 2022 Lawyers should not advise their clients to pay out ransoms to hackers, the UK’s data protection watchdog and cybersecurity agency have warned. In a joint letter to the Law Society, the Information Commissioner’s Office (ICO) and National Cyber Security Centre (NCSC) called on lawyers to discourage their clients from paying ransomware requests, as they argued [...]
Drax submits plans to build world’s largest carbon capture and storage project July 12, 2022 Drax has submitted plans to build two bioenergy units at its power station in Selby, which includes carbon capture and storage facilities.
Plan to replace striking workers with agency staff branded ‘unethical and morally reprehensible’ by RMT July 12, 2022 The RMT trade union has condemned plans backed by MPs which would allow striking workers to be replaced with agency staff. The measure was voted in Commons on Monday night by a majority of 87 votes, 289 to 202, with the union’s general secretary Mick Lynch calling it “unethical and morally reprehensible”. According to the [...]
Boohoo follows in Zara’s footsteps with return fee for online orders July 12, 2022 Fast fashion retailer Boohoo has introduced a return fee of £1.99, following in the footsteps of Zara. The Manchester-based brand said it had made the decision because costs for retailers, including shipping, have increased considerably over the past few months. A Boohoo group spokesperson told The Mirror: “As the cost of shipping has increased, we’ve [...]
