Jacob Rees-Mogg picked as ‘favourite’ for business secretary by Truss August 31, 2022 Jacob Rees-Mogg has been pinned as the favourite for business secretary by Liz Truss, as the Conservative leadership race reaches its final stretch. Sources close to Truss told The Financial Times that Rees-Mogg is the frontrunner for the job, saying his economic views were in line with hers. Truss is anticipated to emerge victorious against [...]
Accounting sector veteran Pauline Wallace named UKEB’s first permanent chair August 31, 2022 Accountancy sector veteran Pauline Wallace has been named as the first permanent chair of the UK Endorsement Board (UKEB). The former PwC partner will start her three-year term as head of the body set up to ensure the UK complies with international accounting standards on 11 September 2022. Following Brexit, the UKEB was set up [...]
Employment lawyer admits making unwanted sexual advances towards junior colleague August 31, 2022 A senior employment lawyer has agreed to stop practicing as a solicitor, after he admitted making unwanted sexual advances towards a junior colleague. Ronald Stephen Simms, a former partner at UK national law firm Capsticks, agreed to remove himself from the roll of solicitors, after admitting to placing his hand on a junior colleague’s thigh [...]
World’s largest wind farm launched off Yorkshire coast August 31, 2022 Ørsted has launched the world’s biggest fully-operation wind farm, 89km off the Yorkshire coast. The launch of the 1.3 GW Hornsea 2 project has seen Ørsted break its previous record, which the Danish firm previously set by launching its 1.2 GW Hornsea 1 windfarm in 2019. Ørsted’s UK chief Duncan Clark said the Hornsea 2 [...]
London’s FTSE 100 edges lower as economic gloom knocks risk appetite August 31, 2022 London’s FTSE 100 posted a damp day today driven by economic gloom hitting investors’ risk appetite. The capital’s premier index dropped 1.05 per cent to 7,284.15 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.45 per cent to 19,063.75 points. A recent string [...]
Missing Thodex founder Faruk Fatih Ozer arrested in Albania August 31, 2022 The founder of a Turkish cryptocurrency exchange missing with client funds since April 2021 has been arrested in Albania.
Central London office demand roars back to life as West End occupancy booms August 31, 2022 Central London office take-up has rebounded back to pre-pandemic levels this year and has even surpassed the ten-year average. Occupancy in the heart of the capital bounced back to pre-Covid levels during the 12 months to the end of 2022’s second quarter, according to data from real estate advisor CBRE. Take-up for offices hit 12.7m [...]
Google blocks Trump’s Truth Social from app store amid content concerns August 31, 2022 Donald Trump’s new social media app has been blocked by Google Play in another blow to the former President’s quest for “free speech”.
Train drivers to strike on 15 September August 31, 2022 Train drivers at 12 companies will walk out on 15 September in a dispute over pay. Disruption will affect services on Avanti West Coast, Chiltern Railways, CrossCountry, Greater Anglia, Great Western Railway, Hull Trains, LNER, London Overground, Northern Trains, Southeastern, TransPennine Express, and West Midlands Trains. The union said the operators had forced the workers’ [...]
TikTok-owner ByteDance to lower price of employee stock options amid slipping growth August 31, 2022 TikTok-owner ByteDance is reportedly looking to lower the price of its stock options for employees amid declining growth. The Chinese technology giant is expected to lower prices to $155 a share from $195, Bloomberg first reported, citing a human resources executive. ByteDance’s revenue growth slipped to 70 per cent year-on-year last year, down from [...]
