MPs call for crackdown on advisors enabling tax avoidance schemes October 24, 2022 A group of cross-party MPs have called on the UK government to begin cracking down on the accountants and financial advisors that facilitate tax avoidance schemes. In a new report, the all-party parliamentary group (APPG) on anti-corruption and responsible tax called for the UK’s tax system to be overhauled, to boost growth, increase tax revenues, [...]
Glencore faces probe over alleged payment to Zambian political party October 23, 2022 Zambia’s Anti-Corruption Commission (ACC) has launched an investigation in connection with a matter relating to an alleged $3m (£2.65m) payment made by commodities giant Glencore to a political party in the southern African country. In a statement, the Zambian corruption watchdog said the investigation is centred on the circumstances under which Glencore allegedly paid the [...]
Lloyd’s chief is ‘hopeful’ insurance marketplace will stay in City HQ October 23, 2022 Lloyd’s chief John Neal has said he remains “hopeful” the insurance marketplace will stay in its iconic City of London HQ, amid rumours the firm is planning to exit its purpose-built offices when its lease ends in 2031. In an interview with The Times, the Lloyd’s of London chief executive said the insurer is “still [...]
Britannia Hotels sues Aviva for £6.25m over Aberdeen fire losses October 23, 2022 Britannia Hotels has filed a £6.25m lawsuit against its insurer, Aviva, over claims it is owed millions as a result of the London insurance firm’s refusal to pay out on a claim for losses caused by a fire at its Aberdeen hotel. The hotel group has filed a High Court lawsuit against Britain’s largest insurer [...]
Womble Bond Dickinson and BDB Pitmans in talks to create £430m firm October 23, 2022 Transatlantic law giant Womble Bond Dickinson is in early stage talks to merge with British firm BDB Pitmans. The two law firms are in early discussions for a potential merger, with a view to seizing the opportunities offered by complementary practice areas and a wider geographical footprint, BDB Pitmans confirmed. If completed, the merger would [...]
US employment market tightens as companies add 263,000 jobs October 7, 2022 US employers added 263,000 jobs in September as the country’s unemployment rate dropped to 3.5 per cent, figures from the Bureau of Labour Statistics show. Economists polled by Reuters had previously expected US employers would add 250,000 jobs in September. The figures mark both a slowdown and a tightening of the US jobs market, [...]
FTSE falling short on communications, PR lobby warns October 7, 2022 Liz Truss has faced widespread criticism over her communication failures as markets have crashed in the wake of her “mini-budget”. However, the PR industry’s trade body has said FTSE 100 companies are also falling short on communications, in warning the UK’s top firms lack comms expertise at senior levels. Research by the Chartered Institute of [...]
Marshalls’ shares plummet as firm warns of slowdown in sales October 7, 2022 Shares in building materials manufacturer Marshalls fell almost 20 per cent today after the firm warned of a slowdown in sales due to faltering demand. The West Yorkshire firm said its outturn will be “slightly below the bottom end of the current range of market expectations” as its sales start to slow. The warning comes [...]
UK house prices level out as Covid boom subsides October 7, 2022 UK house prices have dropped for the second time over the past three months in a sign the surge experienced over the previous year is starting to level out. Average UK house prices dropped by 0.1 per cent in September from August’s record highs of £293,992. The September drop marks the second marginal decrease over [...]
Tim Martin hits out at UK’s Covid policies as Wetherspoons sales linger below pre-pandemic levels October 7, 2022 JD Wetherspoon chairman Tim Martin has hit out at the UK’s Covid restrictions after warning the pub group is still suffering from the adverse effects of Covid-19. The pub company said its sales had failed to return to pre-pandemic levels as it posted losses of £30.4m for the past financial year, on the back of [...]
