£200m boost for all Tesco shop staff and warehouse workers as pay jumps to £10.10 per hour April 7, 2022 Supermarket giant Tesco has announced it will hike hourly wages by 5.8 per cent from £9.55 to £10.10, as Brits face a cost of living crunch. New hourly rates for store and warehouse staff will be effective from 24 July, the grocer revealed on Thursday afternoon. The supermarket also confirmed workers in London would be [...]
US audit watchdog hits former KPMG exec with largest ever fine for role in leaked info scandal April 7, 2022 The body that regulates the US audit industry has fined a former KPMG executive $100,000, after pledging to crack down on “top-level personnel” in America’s biggest accountancy firms. The US Public Company Accounting Oversight Board (PCAOB) issued a $100,000 fine to former KPMG vice chair of audit Scott Marcello, over his failure to prevent [...]
Samsung’s profits jump amid computer chip shortage April 7, 2022 Samsung expects a 50 per cent jump in quarterly operating profits to $14.1tn powered by the global shortage of computer chips.
Fireblocks poaches Bank of England fintech lead April 7, 2022 The head of the Bank of England's fintech hub has walked out after just over a year in the role to join crypto startup Fireblocks.
Sunak reportedly vetoed plan to give households extra £300 to help with energy bils April 7, 2022 Rishi Sunak reportedly vetoed a plan by civil servants to give households an extra £300 rebate in the government’s new energy strategy to help with the surging cost of bills. The Department for Business, Energy and Industrial Strategy (Beis), who released the new strategy today, drew up plans to increase this year’s energy rebate from [...]
‘Let people invest’: Matt Hancock makes case for liberal crypto rules April 7, 2022 Matt Hancock, the former health secretary, has come out in favour of permitting mass crypto adoption in the UK.
Crypto clampdown: the FCA finally gets its act together April 7, 2022 Martin Lovick of ACA Group praises the FCA for its robust approach to paving the way for crypto regulation.
Equity exodus: Investors rush to gold ETPs amid market turbulence April 7, 2022 Investors fled European equities last month as the shocks of war in Ukraine continued to drive an exodus towards safe haven assets, fresh data has revealed.
Financial watchdog chief calls on Meta to up its game with blocking investment fraud April 7, 2022 The head of the UK’s financial regulator has called on Facebook to take action against investment scams. Writing in The Telegraph, Nikhil Rathi, head of the Financial Conduct Authority (FCA), said Facebook’s parent company Meta needed to do more to tackle fraudsters targeting vulnerable people online. It comes as the Online Safety Bill progresses through [...]
The City’s Purple Pay called out by HMRC for promoting tax avoidance April 7, 2022 The City’s Purple Pay has been named and shamed by HM Revenue and Customs (HMRC) for promoting tax avoidance schemes. The taxman has revealed the names of companies which have promoted schemes to avoid paying tax for the first time today, warning users that they could face “large tax bills” unless they withdraw from them. [...]
