Ericsson exec Peter Laurin announces departure as supposed ISIS payment investigation continues April 7, 2022 Ericsson announced this morning that its Senior Vice President Peter Laurin has decided to leave the company to pursue other opportunities.
FCA lays out three year plan to increase ‘enforcement and intervention’ April 7, 2022 The City watchdog has laid out a new three year regulatory strategy today to sharpen its efforts to protect consumers and increase its powers of “enforcement and intervention”.
The drinks diaries: An experimental new whisky and ready mixed cocktails April 7, 2022 Whiskymakers Compass Box are well known for their mischievous approach to the rules governing the production of Scotch whisky. While some might regard these as necessary impediments to creativity, Compass Box takes apparent delight in tweaking the nose of the establishment, sometimes making whiskies that seem to be a calculated riposte to figures in authority [...]
Shell to weather up to $5bn hit from Russia write downs April 7, 2022 Energy giant Shell said it could weather a $5bn hit in the first quarter after its decision to cut ties with Russia following its invasion of Ukraine.
Ladbrokes owner Entain posts online slowdown as lockdown boom dwindles April 7, 2022 Ladbrokes owner Entain reported an online gaming slowdown this morning as the pandemic boom dwindled during the first quarter of 2022. Though net gaming revenue was down eight per cent compared to the immense growth seen in 2021, group revenue was up 31 per cent thanks to retail. Discussing the results, Jette Nygaard-Andersen, Entain’s [...]
Ed Warner: Trans debate has echoes of Semenya legal row but ‘meaningfulness’ may be buzzword April 7, 2022 It’s a pity Emily Bridges was blocked from competing in the National Omnium Championships in Derby last weekend. Yes, the cyclist would have been at the centre of an unsavoury media scrum, but we would have gathered one more valuable data point with which to try and balance the febrile debate about transgender women in [...]
City Moves: Who’s switching jobs in the Square Mile? April 7, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Tritax Group Logistics real estate investment manager Tritax has hired a new director of ESG, who will be based out of its London office. Alan Somerville, who acted as a consultant for the company at the beginning of the year, [...]
Energy strategy will not resolve cost of living crisis April 7, 2022 A new dawn for the UK’s energy sector will be unveiled today, when the Prime Minister finally announces the country’s energy strategy.
Putin’s invasion of Ukraine is a war against old and new and tanks versus TikToks April 7, 2022 Three decades ago, the white, blue and red Russian flag was raised in Moscow, signaling the end of the Soviet Union. Right around that time, the English computer scientist Tim Berners-Lee invented the World Wide Web and introduced the first website. Today, we can see the impact of the end of the USSR on the [...]
Union calls to ‘beef up’ minimum wage enforcement powers in wake of P&O scandal April 7, 2022 Plans to make companies pay workers minimum wage will be “unworkable” if enforcement powers are not beefed up, said union TUC today following the P&O scandal. “A lack of enforcement will kick the legs out from under the Government’s minimum wage plans,” said TUC’s general secretary Frances O’Grady. “Our weak enforcement regime lets rogue employers [...]
