British Gas owner Centrica restores dividend amid massive profits from soaring oil and gas prices July 28, 2022 Centrica has restored its dividend, with the energy giant enjoying a post-pandemic rebound, powered by soaring oil and gas prices.
Frasers Group acquires fast fashion website I Saw It First after rescuing Missguided July 28, 2022 Mike Ashley’s retail emporium Frasers has inked a deal to acquire fast fashion firm I Saw It First. In an announcement on the London Stock Exchange on Thursday morning, the Sports Direct owner confirmed The Telegraph’s reports that it was to poach the website. I Saw It First was created by Jalal Kamani in 2017, [...]
Court security guards call off strike after OCS offers pay deal July 28, 2022 Court security guards have called off plans to strike after outsourcing firm OCS offered to up their pay by up to 8.3 per cent and hand over a raft of other benefits. Workers employed by Crawley contractor OCS on the Her Majesty’s Courts and Tribunal Services (HMCTS) contract have suspended plans to strike while they [...]
Explainer-in-brief: Behind Rishi Sunak’s VAT cut promise July 28, 2022 Rishi Sunak has announced a plan to cut VAT from energy bills in a bid to ease the burden on households. Many, however, have seen it as a desperate attempt to revive his “underdog campaign” for the Tory leadership. His flagship ideology thus far has been that tax cuts would stoke inflation by encouraging people [...]
Sunak’s pledge for VAT cuts on energy bills only a short-term solution to energy crisis, warns IFS July 28, 2022 Scrapping VAT on energy bills should only be a temporary measure to ease costs for struggling households, argued the IFS.
Advertising spend enjoys temporary comeback as inflationary pressure threatens growth July 28, 2022 A new report has warned that despite advertising spend getting back on its feet in the first quarter of 2022, this momentum will be relatively short-lived.
B Corps aren’t woke capitalism – they’re a useful tool even for hardcore capitalists July 28, 2022 LIKE most entrepreneurs, I like independence, to the point of being contrary sometimes. So, when I first heard about a movement that judges how ethical your business is, I had an almost allergic reaction. Initially, it seemed the fast-growing B Corp global accreditation, born in the USA in 2006, which “marks” a business against its [...]
The Big-Bang 2.0 fails to make City rules fit for an era of crypto and email not Telex July 28, 2022 THE Financial Services and Markets Bill 2022, introduced last week, failed to usher in the “Big Bang 2.0” of financial services regulation we were promised. It is true that many of the initiatives contained within the bill are sensible, welcome, and necessary – but they are nowhere near as radical as what is required to [...]
We should question the mandate of the Bank of England – not its independence July 28, 2022 ONE OF the most surprising things to come out of the race to replace Boris Johnson as leader of the Conservative Party has been the space the Bank of England has taken up in the discourse. One unsuccessful candidate argued the government should have more oversight of the Bank’s activities and current frontrunner Liz Truss [...]
Letters: You can’t always be everything July 28, 2022 [Re: A recession will tempt firms into short-term cuts, July 6 ] Mass job losses continue to take place across the tech industry. While it’s easy to blame external factors, such as the lasting impact of the Covid-19 pandemic, macroeconomic challenges and a difficult fundraising environment, an important strategic factor has been largely ignored – [...]
