Ex-BoE governor unconvinced of case for Britcoin January 18, 2022 Former Bank governor Mervyn King remains unconvinced of the case for Britcoin, a digital currency backed by the UK's central bank.
Volkswagen and Bosch set up venture to make EU’s battery production self-sufficient January 18, 2022 Volkswagen and Bosch have joined forces and will set up a venture by the year’s end to make Europe’s battery production self-sufficient. The new company will provide integrated battery production systems, on-site ramp up and maintenance support, serving Volkswagen’s factories as well as plants across Europe. “Europe has the unique chance to become a global [...]
Gattaca shares plunge by a third as recruiter demand falters January 18, 2022 Engineering and technology recruitment firm Gattaca had its share price plunge more than a third today, after warning investors of its “significantly” lower profits. The company said it will “breakeven” in terms of its underlying profit before tax for the year to July 31. Gattaca put the lower-than-expected profits down to faltering demand from its [...]
People management firm Lattice hits £2.2bn valuation to drive global presence January 18, 2022 People management platform Lattice announced a new valuation of $3bn (£2.2bn)this evening after closing a $175m (£129m) round to ramp up its global presence.
Just Group pulls in £2.7bn after retirement income boost January 18, 2022 Just Group has enjoyed a boost in its retirement income over the past 12 months, which pulled £2.7bn into the retirement group. Sales jumped 25 per cent in the year to December 31, the company said in its trading update today, as Just Group boss David Richardson hails its “comfortable” capital position. Shares closed 8.2 [...]
Oil prices climb to seven-year highs with OPEC bullish amid tightening supplies January 18, 2022 Oil prices rose to seven-year highs today, with both major benchmarks rallying amid tightening supplies and festering geopolitical tensions.
Bulb Energy: What comes next for the fallen energy firm? January 18, 2022 The administrators of Bulb and its parent company are targeting a sale this spring after it fell into taxpayer-supported administration last winter.
Patel’s Policing Bill rejected by peers, in ‘disappointing’ move for No 10 January 18, 2022 Priti Patel’s controversial Policing Bill has been rejected by peers, in what No 10 has called a “disappointing” move. The prime minister’s spokesperson said that Downing Street will reflect on the decision. “It is disappointing the Lords did not back the public order measures that will ensure the everyday lives of the overwhelming majority are [...]
Ex-KPMG partner blames junior colleagues for fabricated documents January 18, 2022 A former partner at KPMG, who led the audit of Carillion, has blamed junior colleagues for fabricating documents given to the Financial Reporting Council (FRC), during an industry tribunal into claims that papers were forged to deceive the industry regulator. Former KPMG partner, Peter Meehan, who left the KPMG on “agreement” in January 2021 after [...]
UK backs Kenya railway hub as part of $1bn investment plan January 18, 2022 The UK is backing the development of a railway hub in Kenya’s capital Nairobi as part of a five-year investment plan worth $1bn. Under the partnership, Epsom-based engineering firm Atkin Global will design an eight-platform central rail station and public space, alongside 425 acres of commercial and residential developments, Reuters reported. In its initial phase, [...]
