British factories prepare to launch quickest price hike cycle since 1977 January 25, 2022 British factories are preparing to launch a rapid cycle of price rises to offset a cost onslaught, reveals a closely watched survey released today. The fresh print adds to agitation at the Bank of England over inflation becoming entrenched in the UK economy as a result of businesses baking in soaring costs to their pricing [...]
Abrdn and Citi consider offering investors tokenized stakes in buildings January 25, 2022 Abrdn is reportedly partnering with Citi to allow investors to purchase digital tokens in funds, buildings and infrastructure assets.
Metropolitan Police told to pay £230k to eco-activist tricked into relationship by undercover police officer January 25, 2022 The Metropolitan Police have been told to pay £230k to an environmental activist who was deceived into entering a long-term relationship with an undercover police officer, who had been sent out to gather intelligence on protest movements. The Investigatory Powers Tribunal ordered the Metropolitan Police to pay £229,471.96 for breaching the activist’s human rights, after [...]
Martin Gilbert’s AssetCo agrees £98.8m all-share takeover of River & Mercantile January 25, 2022 Martin Gilbert's investment vehicle AssetCo has agreed a £98.8m takeover of listed asset management firm River & Mercantile.
Volkswagen and Bosch join forces to develop hands-free software by 2023 January 25, 2022 Volkswagen and Bosch have announced they will work on the development of a self-driving software that will be installed on vehicles from 2023. Using data from Volkswagen, Bosch and Cariad – the car maker’s software subsidiary – will develop a level 2 system to enable hands-free driving in cities, motorways and rural areas. A level [...]
Some of Sue Gray report into Number 10 parties scandal could still be released this week January 25, 2022 The Sue Gray report into the Downing street parties scandal may still be partially released in the coming days, despite the newly launched police investigation. A Number 10 spokesperson said the Metropolitan Police will not investigate all allegations of Covid rule-breaking in Downing Street and Whitehall – only those parties that “reach their threshold” needed [...]
Nvidia prepares to abandon Arm takeover January 25, 2022 Nvidia is preparing to walk away from its $40bn bid for British chip manufacturer Arm from Japanese investment giant Softbank, according to news reports.
“One size-fits-all approach doesn’t work,” Salesforce chief says in response to 4-day work week January 25, 2022 The CEO of Salesforce UK and Ireland has said workers should be allowed to decide “how, when, and where they work,” in response to calls for a four-day work week. Zahra Bahrololoumi, CEO of Salesforce UKI, said “a top-down, one-size-fits-all approach doesn’t work” as she claimed that Covid-19 has “accelerated a revolution” in the way [...]
Energy supplier Yü Group glitters in the gloom as shares soar on the London Stock Exchange January 25, 2022 Shares in independent energy supplier Yü Group have risen rapidly on FTSE AIM-All Share following strong results ahead of market expectations.
Former Channel 5 chief Dawn Airey named Channel 4’s interim Chair as privatisation battle looms January 25, 2022 Ofcom has today announced the appointment of Dawn Airey as Channel 4’s interim Chair, replacing current Chair, Charles Gurassa, who departs on 27 January 2022.
