Letters: A priceless ofgem? Don’t scrap us, says CEO March 1, 2022 [Re: Is it time for Ofgem to head to the scrapheap? Feb 24] This article underplays both the history and the current circumstances affecting the energy market. In 2010, the market was dominated by a small number of large vertically integrated players without pricing regulation. For customers, this meant systemically high prices and poor service [...]
Big Four auditors KPMG, EY, and PwC seek to distance themselves from Russia March 1, 2022 The Big Four auditors have sought to distance themselves from Russia, after the UK government told City of London companies not to work on behalf of the Putin regime. In a post on Linkedin, Jon Holt, chief executive of KPMG’s UK division, said KPMG will be “ending” some of its client relationships in order to [...]
UK financial watchdog cracks down on ‘excessive’ claim management fees March 1, 2022 The UK's financial watchdog is putting a stop to claim management firms charging excessive fees to consumers owed compensation.
Total Energies fails to follow BP and Shell in exiting Russian projects March 1, 2022 Total Energies has announced it will no longer provide capital for new projects in Russia, following the country's invasion of Ukraine.
Gambling giant 888 swallows £9.4m money laundering fine from industry watchdog March 1, 2022 Gambling giant 888 has accepted a £9.4m fine from the industry watchdog, following social responsibility and money laundering failings. 888 UK, which operates 78 websites including 888.com, has also received an official warning from the Gambling Commission and will undergo extensive independent auditing. This is the second time 888 has faced enforcement action – in [...]
Betfair owner Flutter shares dive despite US growth March 1, 2022 Paddypower and Betfair owner Flutter Entertainment reported steady growth this morning despite, with recreational customers up 23 per cent to 7.6m average monthly players.
London’s top indexes edge higher as investors mull next Russia-Ukraine developments March 1, 2022 London’s top indexes jumped this morning as investor fears over the potential fallout of economic sanctions levelled against Russia tempered. The capital’s premier FTSE 100 index added 0.2 per cent to rise to 7,473.42 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, edged down 0.07 [...]
Raab: ‘Nothing off the table’ on sanctioning Russian oil and gas assets March 1, 2022 The UK government is still considering sanctions on Russian oil and gas supplies, according to comments made by deputy prime minister Dominic Raab today. Raab told the BBC: “I think we will look at that very carefully… As we take action to starve the Russian war machine, there is nothing that is off the table.” [...]
Shares in Russian retailer Fix Price tumble after sanctions hit VTB March 1, 2022 Shares in London-listed Russian retailer plunged yesterday after it suspended a planned share buyback programme due to sanctions slapped on the firm’s bank, the state-owned Russian lender VTB Capital.
BBC bombarded by almost 400,000 spam emails and attacks every day March 1, 2022 The BBC were the target of nearly 50 million email attacks between October 1 2021 and the end of January 2022. This is according to official figures obtained via a Freedom of Information act (FOI) request, and analysed by a Parliament Street think tank. This means the BBC is facing an average of 383,278 email [...]
