The fight for the future of British fish and seafood February 15, 2021 As the fishy issue of seafood continues to cloud the waters between the EU and post-Brexit Britain, fishermen and suppliers are clamouring to reinvent the industry. Local & Independent has launched a Be Unshellfish campaign highlighting the difficulties faced by fishermen and explaining how both professional chefs and consumers can buy direct from the nets. [...]
Google and Microsoft object to Nvidia’s $40bn Arm takeover February 13, 2021 Google and Microsoft have objected to the $40bn (£29bn) takeover of British chipmaker arm by Nvidia as the deal faces an in-depth competition probe in the US. The two tech giants, as well as semiconductor rival Qualcomm, are among the companies to object to the mammoth merger amid concerns it could harm competition. The US [...]
Screenshot: Should online harms laws take on the hackers and pirates? February 12, 2021 This week **Media Moment of the Week: Ya boi in Hanoi **Who’s taking on the online hackers and pirates? **Will Big Tech finally cough up for news? Media Moment of the Week: Ya boi in Hanoi Tempted as I was to feature *that* cat lawyer this week, I think perhaps, to borrow Michael Gove’s words, [...]
Lastminute.com threatened with legal action over unpaid package holiday refunds February 12, 2021 Travel platform Lastminute.com is facing legal action from the UK competition watchdog unless it repays customers whose package holidays have been cancelled due to the pandemic. The Competition and Markets Authority (CMA) warned the firm that it will take court action unless Lastminute processes the repayments – totalling £1m – within seven days. On 1 [...]
Out with the old: Time to reform the legal profession for the benefit of all sides February 11, 2021 It may seem like an odd time to be thinking about reforming the way lawyers work, but if so much can change because of a pandemic, why shouldn’t the post-Covid era be a period of reform and progress? This year will be the first in which the UK’s ability to compete in the global professional [...]
Entain doubles down on £250m Enlabs bid despite investor backlash February 11, 2021 Ladbrokes owner Entain has doubled down on its £250m cash bid for Swedish rival Enlabs despite complaints from one of the company’s largest shareholders. In a statement today Entain said it was extending the deadline for its offer of 40 Swedish krona per share until 18 March. The gambling group said it had filed applications [...]
Ex-FCA chief Woolard nabs leadership role at EY February 11, 2021 Chris Woolard, the former interim chief executive at city regulator the Financial Conduct Authority (FCA), has nabbed a leadership role at EY. Woolard will join the Big Four firm in April to lead its EMEIA financial services regulatory capabilities, and chair the EY Global Financial Services Regulatory Network. He will replace John Liver, who currently [...]
UK directors to face fines in major overhaul of audit rules February 5, 2021 UK directors will reportedly face fines for accounting failures at their companies as part of a major overhaul of the audit sector. Long-awaited reforms, set to be published as early as next week, will place a tough new burden on bosses in an effort to improve audit standards. Directors, rather than boards, will be held [...]
UK to split from EU rules and unveil post-Brexit state aid regime February 3, 2021 Business secretary Kwasi Kwarteng will today outline the UK’s post-Brexit rules on government subsidies in a major break with the EU. A statement from the Business, Energy and Industrial Strategy (Beis) department said the new set of rules, which supersede the EU’s state aid regime, will mean “local authorities, public bodies and the devolved administrations [...]
Swiss stocks given all clear to resume trading in London February 3, 2021 Shares in Swiss companies will once again be traded on UK exchanges after Switzerland’s financial regulator gave the move the all-clear this morning. Since June 2019, a spat between the EU and Switzerland has meant that the bloc’s exchanges have been banned from Swiss shares. But with the UK no longer a member of the [...]