Sainsbury’s investors back supermarket as it refuses living wage accreditation July 7, 2022 Sainsbury’s saw a minority of shareholders revolt over staff pay at its AGM on Thursday morning, with nearly 17 per cent backing a resolution for the supermarket to gain Living Wage accreditation. Some 16.7 per cent shareholders supported a resolution that urged the supermarket to become a Living Wage accredited employer. The resolution required 75 [...]
Five top Kremlin-linked energy bosses have mysteriously been found dead since start of 2022 July 7, 2022 Five leading energy officials in Russia have now reportedly died in suspicious circumstances since the start of the year. A shipping boss with ties to the Kremlin, Yuri Voronov, was found with a gunshot wound at his property this week. This comes after four other officials with links to Moscow’s energy industry, and in particular [...]
Coinrunners – the making of a crypto movie July 7, 2022 Coinrunners chronicles a time in the life of Lisa N Edwards – a hugely successful crypto trader with a global following.
Fund managers call for FCA blockchain taskforce in plans for ‘Investment Fund 3.0’ July 7, 2022 The UK’s top investment body called on government and regulators to harness the benefit of cryptocurrencies and decentralised finance today, as it claimed the industry was on the cusp of a “major technological transformation”.
‘Covid-19 cliff edge’: Lateral flow test maker suffers major blow to revenue July 7, 2022 Clinical diagnostics specialist Novacyt has suffered a major blow to its revenue, as the feared ‘Covid-19 cliff edge’ comes into focus “faster than expected”. The London-listed company, which provides lateral flow tests, has seen its revenue crumble more than 70 per cent to £16.5m in the first half of this year, compared to £52.2m a year [...]
BA check-in staff at Heathrow call off strike following salary increase July 7, 2022 Union members working as British Airways (BA) check-in staff have suspended a planned strike action at Heathrow following a salary increase. Unite said that, after extensive negotiations, BA made a “vastly improved pay offer.” The proposal will now be submitted to workers who are expected to vote on whether to accept it. “We welcome that [...]
Stansted’s owner MAG posts £320m loss due to travel restrictions July 7, 2022 Stansted Airport’s owner MAG has posted an annual loss of £320m due to a pandemic-induced slump in passenger numbers. MAG has posted a combined loss of £694m for the last two years. The group – which also owns Manchester and East Midlands airports – reported today that 20.5 million passengers passed through its hubs’ gates [...]
PwC partners set to receive record payouts of more than £1m this year July 7, 2022 Partners at PwC are set to earn more than £1m each for the first time ever this year, after an “exceptional” trading period boosted the accountancy firm’s profits. The accounting firm has told partners that their £920,000 profit-per-partner pay packages will be bolstered by £100,000 windfalls from the sale of PwC’s global mobility services business, [...]
Industry toasts record renewables auction as UK scrambles to boost domestic energy supplies July 7, 2022 Record levels of clean energy have been secured through the Government's largest ever funding round for its renewables auction.
Online gambling slows for Ladbrokes owner Entain as lockdown buzz fades and government review looms July 7, 2022 Online net gaming revenue dipped seven per cent Ladbrokes owner Entain as the gambling titan struggles to recapture lockdown momentum. A weaker macro-economic environment is also reducing customers’ rate of spend during the first half of the year, moderating overall online growth versus previous expectations. The closure of the Netherlands ahead of licencing has further [...]
