Former Disney chief says he didn’t buy Twitter because of bot concerns September 8, 2022 Disney’s former chief has said the company did not purchase Twitter back in 2016 because a “substantial portion” of its users “were not real”. Speaking at Vox Media’s Code Conference, Bob Iger explained that the media giant had debated snapping up the social media firm, but decided against it. “We did look very carefully at all of [...]
EY to let partners vote on plans for global split September 8, 2022 EY is to begin letting its partners vote on plans to split its consultancy arm from its audit business by the end of the year, with a view to reaching a final decision by early 2023. The Big Four accountancy firm has decided to move forward with plans to separate EY into “two distinct, multidisciplinary [...]
UK caps household energy bills at £2,500 as Truss promises business help September 8, 2022 British households will have their annual energy bills capped at £2,500 for two years in a £130bn+ scheme that will save consumers thousands of pounds. Prime Minister Liz Truss said the two-year Energy Price Guarantee will begin at the start of October and that the government will pay energy suppliers the difference between the cap [...]
Duke of Sussex travels to Balmoral to be with the Queen – without Meghan September 8, 2022 Prince Harry will travel to Balmoral in Scotland to be with Her Majesty the Queen as she’s placed under medical supervision – but the Duchess of Sussex is not reportedly joining him. The Duke of Sussex will be reunited with The Duke and Duchess of Cambridge, after years of estrangement. The Royal, who stood back [...]
Morrisons’ takeover of McColl’s won’t risk higher prices for vast majority of shoppers, CMA says September 8, 2022 Morrisons’ takeover of McColl’s newsagents has resulted in competition concerns in just a small number of areas, a watchdog has found. The Competition and Markets Authority (CMA) said the supermarket’s £190m rescue deal meant that the vast majority of areas will not face reduced competition. However, in 35 areas, the deal has presented price increase [...]
Gymshark and Boohoo chiefs call for new British startup competition September 8, 2022 CHIEFS from Gymshark and Boohoo have urged the Prime Minister to back a new entrepreneurship competition in a push to get British startups back on track. In a letter to Liz Truss, the group of entrepreneurs, which also include top dogs from crowdfunding firm Seedrs and food-sharing app Olio, called on the government to fill [...]
Vin Murria pushes for M&C Saatchi takeover finish September 8, 2022 VIN MURRIA and her investment vehicle AdvancedAdvt pushed to bring the final offer process to a close as the hostile takeover of M&C Saatchi continues on. The entrepreneur and AdvancedAdvt (ADV), which already own 22.3 per cent of the advertising giant, have been locked in to a dramatic tussle with rival suitor Next Fifteen to [...]
Lloyd’s boss: City has ‘big few months ahead’ to ensure Square Mile vitality September 8, 2022 Lloyd’s of London chief John Neal reckons the City has a “big few months ahead” to ensure the Square Mile retains its pre-pandemic vitality. Speaking to City A.M. this morning after a positive set of half-year results for the insurance marketplace, Neal said that though he recognises that “flexibility is critical” he also said there [...]
Economists warn UK to face blackouts under Liz Truss energy plan September 8, 2022 Economists today warned prime minister Liz Truss’s decision to freeze energy bills for everyone in the UK at £2,500 raises the risk of blackouts. Experts at the economic think tank the Institute for Fiscal Studies (IFS) said energy supplies may run dry due to the government propping up energy spending. “Households, businesses or governments… will [...]
Equality and eye health: Is the gender gap closing? September 8, 2022 Historically, females have experienced their fair share of inequality. Campaigning, research and awareness have meant times are changing, but when it comes to eye health, a male in rural South Asia is 46% more likely to receive cataract surgery than a female. Women make up a staggering 64.5% of the world’s visually impaired and according [...]
