BBC quits Stonewall after impartiality controversy November 10, 2021 BBC confirms it has quit the controversial Stonewall Diversity Champions programme, after Ofcom and the Equality and Human Rights Commission leave the scheme.
Oil rivals team up to build new drilling giant November 10, 2021 Maersk Drilling and Noble Corporation announced a $3.4bn merger to create one of the world’s largest offshore oil drilling rig companies. The merger will establish a new titan in the market with a fleet of 20 floaters and 19 jack-up rigs. The combined company will take Noble’s name and will be listed on both the [...]
Utility Warehouse pays £1.5m to Ofgem fund after failing customers in debt November 10, 2021 Utility Warehouse has agreed to pay £1.5m for treating some of its customers unfairly, and increasing their financial distress. The money will go into Ofgem’s voluntary redress fund, which supports vulnerable customers and finances innovation in the sector. The energy supplier has accepted it failed to consistently provide debt repayment plans to struggling customers from [...]
Less than a third of businesses plan on cutting their emissions over the next year November 10, 2021 Less than a third of businesses plan on cutting their greenhouse gas emissions over the next year, despite the UK’s recent net zero efforts, according to the latest research. What stands in the way of most firms, however, is the transition to producing fewer emissions being ‘costly’, the Office for National Statistics found. While around [...]
The virtual metaverse requires very real-world regulation November 10, 2021 Regulators tend only to emerge in the spotlight of public scrutiny when something goes wrong. FCA bosses have spent the last couple of years being wheeled in front of Select Committees to explain the colossal cock-ups that led to the London Capital & Finance minibond scandal – including its former boss Andrew Bailey, who despite [...]
What analysing language tells us about inflation November 10, 2021 With the headline consumer price index (CPI) rate at a 13-year high in the US, it is not surprising that companies are talking more about inflation. It’s not just business surveys that show us this. You can also see it by looking at the transcripts of what the management teams of publicly-listed companies have talked [...]
Mel Stride MP: It’s hard to see an ‘easy glide path’ to tax cuts November 10, 2021 The chief of an influential parliamentary committee that scrutinises the government’s spending plans has expressed his distaste at the tax burden swelling to its highest level since the 1950s. Speaking to City A.M., Tory MP Mel Stride, who chairs the Treasury Committee, expressed concerns over Chancellor Rishi Sunak’s decision to finance a ramping up of [...]
UK and 18 others commit to green shipping corridors by end of decade November 10, 2021 The UK, US and 17 other countries have committed to the establishment of green maritime routes between two or more ports by the end of the decade. By agreeing to the Clydebank Declaration, signatories will work towards setting up at least six green shipping corridors, investing in clean energy infrastructure at ports on major maritime [...]
Big Shoes: City of London Corporation deputy chair frontrunner to succeed Catherine McGuinness November 10, 2021 City of London Corporation chair Chris Hayward is looking like the frontrunner to succeed City veteran Catherine McGuinness when she steps down next year, according to reports. McGuinness’ departure in leaves one of the most powerful jobs in the Square Mile officially up for grabs, after a five year term. While Hayward is expected to [...]
Supreme Court Google ruling sends shockwaves through legal community November 10, 2021 London’s legal community has been left reeling by the Supreme Court’s decision to vote down a £3bn lawsuit against Google. The action led by former Which? director Richard Lloyd, supported by the campaign group Google You Owe Us, fought to bring a “representative action” against Google for “illegally” collecting Safari browsing data through “clandestine tracking” [...]
