Shares plunge for Aston Martin after car maker said it was considering all options amid Saudi funding rumours July 1, 2022 Shares in luxury carmaker Aston Martin plunged 14 per cent yesterday after it said it was considering options after rumours that Saudi Arabia’s sovereign wealth fund was eyeing an investment. As first reported by trade publication Autocar, Aston Martin is considering sale of equity in return for an infusion of as much as £200m. It [...]
Longer and more frequent ads: Ofcom weighs up advert rules as the UK eyes American model to stay competitive July 1, 2022 Ofcom said it may extend the time and frequency allowed for advertising breaks on UK TV as the watchdog eyes up an American-style model. As part of a review of broadcasting rules, the change could mean Brits have to see more ads, with less time in between them. Current rules set by Ofcom mean that [...]
‘Enough is enough’: BT workers vote in favour of industrial action as nationwide action on the cards June 30, 2022 The majority of BT union members have voted in favour of industrial action, paving the way for nationwide disruption and representing the FTSE 100 firm’s first company-wide call for strike action in 35 years across s BT and Openreach. Call centre workers voted for the first national call centre strike in British history, including 30,000 [...]
Amazon restricts LGBTQ+ search results in UAE following government pressure June 30, 2022 Amazon has restricted search results for LGBTQ+-related products in the United Arab Emirates after the government imposed threats on the US retail giant. As first reported by the New York Times, search terms like ‘LGBTQ’ and ‘pride’ were banned, as well as product searches such as ‘transgender flag’, and ‘chest binder for lesbians’. When searched, [...]
Post Office Horizon Scandal: Wronged postmasters offered £19.5m interim compensation June 30, 2022 Post Office Horizon scandal victims have been given an extra £19.5m in compensation, bringing the total payout to around £30m.
Shares in property firms continue to tumble as Bank of America warns WFH here to stay June 30, 2022 Selling pressure has mounted after American investment titan Bank of America warned that “real estate’s glory days are numbered”. A major concern for the bank was that “working from home and hybrid working are here to stay”, adding in its research note: “Recession will likely lead office occupancy and market rental values to decline and [...]
EU consumer groups come after Google for account sign-up settings in GDPR row June 30, 2022 A European coalition has come after Google for harvesting user data via account sign-ins and undermining General Data Protection Regulation (GDPR).
Camelot’s National Lottery damages claim could drain £600m out of good causes says Gambling Commission June 30, 2022 Gambling Commission Chair Andrew Rhodes has admitted that damages for the National Lottery competition process may come from good causes, potentially sucking £600m from sports and arts funding. It comes after the High Court found in favour of the gambling regulator after the Camelot chief executive Sir Nigel Railton launched legal action claiming the body had [...]
Warner Bros says it ‘regrets’ shutting down questions about JK Rowling at media event June 30, 2022 Warner Bros has backed JK Rowling’s contribution to the Harry Potter films, sitting in contrast to its previous decision to restrict Sky News asking questions about the author to movie stars. As reported by Sky News, reporters were blocked from asking Tom Felton, who played Draco Malfoy in the eight movies, about the famous writer [...]
UK’s charity watchdog opens probe into Captain Tom Foundation June 30, 2022 The UK’s charities watchdog has launched an investigation into The Captain Tom Foundation, over concerns about potential conflicts of interest involving the late Army officer’s family. The Charity Commission today said it had opened an inquiry into The Captain Tom Foundation over concerns about the charity’s management. The watchdog said a company that is controlled [...]
