Streaming has changed the music industry, now artists need to be paid a fair sum October 20, 2021 For artists relying on the twin revenue streams of live performances and music royalties, the pandemic left a material dent in income. Touring profits were depleted, and while digital music saw a boom, artists weren’t able to fully fall back on streaming royalty payments just yet. With slim pay-outs per play from service providers, many [...]
Sustainability Reporting Standards – can the world sing in perfect harmony? October 20, 2021 Anne Adrain, Head of Sustainability and Reporting at ICAS, highlights the need for harmonisation in the development of global sustainability standards. In a world where, traditionally, developments in financial reporting have rarely tended to move quickly, the speed with which standard setters have positioned themselves to tackle the issue of sustainability reporting is impressive. But [...]
Legal & General: UK risks locking out lower income households from making net zero transition October 20, 2021 The UK risks missing its net zero target by limiting the climate transition only to higher income households, according to a new report by Legal & General. The government’s new boiler strategy will see £5,000 pound grants given to households to swap out gas boilers for lower carbon options such as heat pumps. However, the move risks locking [...]
Corporate reporting goes green October 20, 2021 [Re: Government to force big business to reveal green credentials, 18th October] The Chancellor has set out new standards for reporting to keep companies accountable for their environmental claims and impact. That some companies, investment products and pension funds will be required to disclose their environmental impact is hardly surprising – it has been the [...]
Firms lure in fresh talent with non-financial perks over pay rises, says Indeed October 20, 2021 Employers are increasingly luring in fresh talent with non-financial perks instead of pay rises, according to new data. After more than 18-months of pandemic trading, firms have been offering flexible working hours, private medical and dental insurance, childcare arrangements and extra holiday against the backdrop of a tough hiring environment. While 47 per cent HR [...]
Watchdog blames social media ‘hype’ and competitiveness for younger investors’ bets on crypto October 20, 2021 Three quarters of younger investors in the UK who place their bets on high-risk products, such as cryptocurrencies, say they are driven by “competition” with friends and their own past investments, according to new research from the FCA. Of the 1000 UK younger investors that the FCA surveyed between the ages of 18 and 40 [...]
Squid Game’s record success boosts Netflix subscriber numbers October 19, 2021 Netflix has smashed subscriber expectations following the record success of South Korean hit series “Squid Game”. The streaming service now expects to add 8.5 million paid subscribers in the next quarter, beating the 8.33m forecast made by analysts. Squid Game’s debuted on 17 September and became the streaming service’s most-watched original series in its first month. [...]
Taxing times: Sunak to slim down Bank Surcharge October 19, 2021 The additional tax on banks is set to slashed in the Budget, a boost for the capital’s lenders. The Bank Surcharge, an eight per cent top-up to corporation tax levied on banks, will be reduced to three per cent in the upcoming budget according to the Financial Times. The Chancellor has previously signalled that the [...]
Procter & Gamble hikes prices further as freight costs continue to bite October 19, 2021 Procter & Gamble (P&G) will raise the prices of some of its grooming, oral and skin care products in the U.S. The consumer goods company will apply the increases to specific items such as razors alongside some sub-categories. The price hikes are to counter higher commodity and freight costs that are expected to take a [...]
FCA fines Credit Suisse over £147m for ‘tuna bond’ loan failures in Mozambique October 19, 2021 Credit Suisse has been fined over £147 million by the Financial Conduct Authority (FCA). The investment bank has been punished for serious due diligence failings involving two loans worth over $1.3bn and a bond exchange arranged for the Republic of Mozambique. The fine settles a long-running US probe into Credit Suisse’s role in the Mozambique [...]
