Tory leadership: Truss U-turns on pay cuts for regional public service workers August 2, 2022 Liz Truss has this morning performed a screeching U-turn on a policy to pay regional public sector workers less than their London counterparts. A spokesperson for Truss said that “current levels of public sector pay will absolutely be maintained” and that “our hard-working frontline staff are the bedrock of society and there will be no [...]
Insolvencies surge to highest rates since financial crash as voluntary bankruptcies hit record levels August 2, 2022 The UK government’s Insolvency Service today said it recorded a higher number of insolvencies over the past three months than at any other point in more than a decade, after the numbers of companies declaring voluntary bankruptcies hit their highest levels since records began. The past three months saw a total of 5,629 English and [...]
Rio Tinto completes sale of Cortez Gold Royalty for $525 million in cash August 2, 2022 Rio Tinto has completed the sale of a package of royalties, including a stake in the Cortez mine operational area to RG Royalties in a $525m deal.
The financial adviser value proposition: the five components August 2, 2022 What can we do for our clients that they can’t do on their own? What can make us better at managing their money than they are? These aren’t always easy questions to answer as a financial adviser. But modesty aside, we need to be able to explain to potential clients how we can help them [...]
Metropolis – Rania and Rashid Ajami August 2, 2022 From the Andrews Sisters to the Jackson Brothers, sibling harmonies are well known and respected. In business too, family run operations head some of the best known ABC & Son/Daughter combinations – but what happens when you take two artistic siblings and merge them into one business? Metropolis World is the answer. Metropolis World, a [...]
Tesco joins petrol pump war with 6.5p cut to unleaded after Asda’s 9p drop August 2, 2022 Tesco has slashed its prices for petrol to help customers manage with the cost of living crisis. The supermarket giant said the price of unleaded is set to fall by 6.5p and diesel by 4.5p, as many consumers and businesses continue to struggle with rising energy costs. “We know how tough rising fuel bills have [...]
Junk food ads restrictions on TfL network to save NHS £200m August 2, 2022 The restrictions on junk food ads on the Transport for London (TfL) network are set to save the NHS over £200m. According to a study published today by the University of Sheffield and the London School of Hygiene & Tropical Medicine, the ban has prevented almost 100,000 obesity cases. In place since February 2019, the [...]
EY’s split could have ‘distinct benefits,’ FRC chief says August 2, 2022 EY’s plans to split its business would have “distinct benefits,” the head of the UK’s accounting watchdog has said. The Big Four accounting firm’s plans to separate its advisory arm from its consulting division could let EY “grow further” by removing “significant conflicts of interest,” Financial Reporting Council (FRC) chief executive Sir Jon Thompson told [...]
Wizz Air carries 4.7m passengers amid turbulent period August 2, 2022 Wizz Air’s passenger levels have increased despite the last few months of travel disruption. The low-cost carrier carried 4.7 million travellers in July, up from the 4.3 million reported a month earlier. Load factor – the measure of how well an airline fills its seats – grew by 3.6 per cent on June’s levels to [...]
Ethereum’s Merge Approaches as Crypto Adoption Surges in Brazil August 2, 2022 Data from CryptoCompare shows that the price of Bitcoin initially moved down at the start of last week, dropping from $22,000 to $21,000. BTC then quickly surged to retest the $25,000 resistance, and has since corrected to $23,200. Ethereum’s ether, the second-largest cryptocurrency by market capitalization, started the week at $1,500 and after an initial [...]
