Exclusive: Octopus Energy urges rival Centrica to work with them to protect consumers July 25, 2022 Octopus Energy wants to work together with rival Centrica and market regulator Ofgem to protect households ahead of the cold winter months.
Record £14m fine for KPMG over Carillion and Regenersis audits with partner Peter Meehan banned from ICAEW July 25, 2022 The UK’s accounting watchdog has fined KPMG £14.4m and told it to pay £3.95m in costs for providing false and misleading information during its audits of Carillion and Regenersis. The UK’s Financial Reporting Council (FRC) also fined four of KPMG’s former auditors, banned them from the accounting sector’s professional membership body, and severely reprimanded another [...]
Travel update: Dover authorities clear port backlog following weekend from hell July 25, 2022 Dover authorities have cleared the port’s weekend backlog, announcing that traffic was running normally as of 9.30am this morning and that there was “minimal dwell time.” “There is no Port of Dover traffic being held in Brock on the M20, the Dover TAP system on the A20 is not currently required and all traffic is [...]
Investment in London’s commercial property market drags as economic woes deepen July 25, 2022 London’s commercial property market took a hit in the second quarter of 2022 as investment declined amid a weakening economic outlook, according to data by BNP Paribas. Central London properties experienced an eight per cent investment drop at £4.5bn compared to Q2 last year, with the number of office deals transacting at less than half [...]
Zelensky: Russia cannot be trusted to hold up grain deal after ‘barbaric’ Odessa strike July 25, 2022 Ukraine’s president condemned Russia’s “barbarism” following a strike on Odessa, as he said the Kremlin cannot be trusted to observe a grain exportation deal. President Volodymyr Zelenskiy hit out after Saturday’s attack by Moscow, in wake of an agreement facilitated by Turkey for Kyiv to resume exports from Black Sea ports like Odessa. The deal [...]
Mr Kipling owner acquires meal-kit brand The Spice Tailor for £43.8m July 25, 2022 Premier Foods has snapped up the Indian and South East Asian meal kits business The Spice Tailor, for an initial £43.8m. The Spice Tailor is anticipated to generate revenue of £17.3m in the 2022/23 financial year, with the Mr Kipling owner enticed by its 20 per cent compound annual growth rate over the last four [...]
Card Factory financial chief to exit firm with £40,000 golden parachute July 25, 2022 Card Factory financial chief Kris Lee is set take away a £40,000 golden parachute after stepping away from his position at the Wakefield headquartered card seller Lee, who joined Card Factory in 2017 following a more than five-year stint as group finance director at The Edinburgh Woolen Mill Group, will be paid £40,000 in compensation [...]
Macro challenges, climate change and digitisation drive growth for tech firm SThree July 25, 2022 Macro-economic challenges, digitisation and the fight against climate change provided a major boost to science and tech firm SThree. The company reported a 64 per cent rise in profit before tax to £44.3m in the first half of 2022 compared 2021’s first half. SThree also made progress towards ESG targets with more than 16,540 people [...]
Aldi raises pay for 26,000 shop staff with Londoners to be paid £11.95 an hour July 25, 2022 Aldi has announced it is raising store assistant pay further, with Londoners to receive £11.95 minimum per hour from the autumn. The discount supermarket said this pay increase means it retains the crown of the country’s best-paying grocer, with store assistants outside the M25 to receive a base pay of £10.50 an hour. Some 26,000 [...]
Shares in Ebiquity soar as revenue climbs thanks to US acquisitions July 25, 2022 Media and marketing powerhouse Ebiquity posted revenue of £37m, which was 16 per cent ahead of the same period last year.
