Peloton ousts boss and slashes 2,800 jobs in sweeping cost-cutting plans February 8, 2022 Home fitness firm Peloton will oust its chief executive and slash thousands of jobs as part of sweeping cost-cutting plans amid falling demand for its fitness products. In a trading update today, boss and co-founder John Foley said he will step down as CEO and become the executive chair, while Barry McCarthy, the former chief [...]
Royal family’s law firm hires first apprentice solicitors February 8, 2022 Farrer & Co, the London law firm that represents the Queen on legal matters, has said it will hire its first apprentice solicitors to start in Autumn this year. The law firm told City A.M. that it will be taking on two apprentice solicitors to start in September this year. Apprentice solicitors hired by the [...]
Bitcoin still climbing as cryptocurrency markets retrace losses February 8, 2022 The strong start to the week continues for Bitcoin, which climbed to highs of $45k overnight for the first time in over a month.
UK broadband and pay TV complaints at an ‘all-time low’ says Ofcom February 8, 2022 Ofcom has revealed that the number of complaints received between July and September last year across broadband, landline and pay TV companies were at an all-time low. From its latest league table, TalkTalk and Shell Energy had the most broadband complaints, primarily due to faults and service issues. With the industry average being 10 complaints per every 100,000 [...]
BP rebounds with 30-fold increase in profit amid surging oil prices February 8, 2022 Oil and gas giant BP has rebounded with fourth-quarter profits of $2.3bn and a replacement cost profit of $4.1bn.
KPMG Canada adds Bitcoin and Ethereum to balance sheet February 8, 2022 KPMG's Canadian arm has added Bitcoin and Ethereum to its corporate treasury, marking the accounting giant's first direct investment in crypto.
Brexit bust: UK flight compensation for delays likely to drop from £220 to £25 February 8, 2022 The government’s plan to slash flight compensation for delays on UK domestic flights has been branded as “another Brexit win”, as it would impact on consumer refund rights. Earlier last week, the Department for Transport (DfT) announced it had opened consultations over the adoption of the new regulation, which would see the UK adopt a [...]
Rise of ‘Tinder Swindlers’: Romance scams on the up as victims get younger February 8, 2022 The number of people who fell victim to a romance scam increased by more than 16 per cent over the last year, according to new data from Lloyds Bank. The average amount lost per victim is now £8,655, slightly more than the previous year (£8,610). Though victims between the ages of 55 and 64 still [...]
Jackass Forever is an affectionate tribute to 20 years of chaos February 8, 2022 “The world waited for what felt like forever” begins the narrator of Jackass Forever’s trailer. In truth, few could have predicted the return of the madcap crew for a fourth film (seventh if you include spin-offs). Financially, it makes sense – they’re cheap to produce, draw a crowd, and tug at early noughties nostalgia. However, [...]
Perfect storm of rising costs to hit retail return February 8, 2022 Total retail sales jumped 7.5 per cent during January compared to the same month in 2020. However, retail bosses have warned consumers and firms face a challenging few months ahead with a perfect storm of rising costs. Shoppers were less eager to buy non-food items in stores over the three months to January, compared to [...]
