FRC fines hit record highs as watchdog sends ‘clear message’ to UK’s audit sector November 14, 2022 The UK’s Financial Reporting Council (FRC) fined auditors a record £33.3m in the year running up to 30 September 2022, new figures from Thomson Reuters Confirmation shows. The record high sum marks a 77 per cent increase on the £18.7m fines – after discounts and adjustments – handed out in the previous year. The [...]
UK and EU ‘not far apart’ on NI Protocol, says Brussels’ ambassador to London November 10, 2022 London and Brussels are “not that far apart” on negotiations over the post-Brexit Northern Ireland Protocol, according to the outgoing EU ambassador to the UK. João Vale de Almeida today said he was “encouraged” by Rishi Sunak’s meetings with EU leaders since becoming PM last month and by the recent mood music between the two [...]
Finalist November 9, 2022 Start-up of the Year supported by World Mobile Swash Swash is reinventing data ownership through new incentivisation streams and a collaborativedevelopment framework, governed by the ethos of Web 3. It enables individuals, developers, and businesses to cultivate new realities of data ownership and value creation. It is the largest data unionin the market with over [...]
As Gavin Williamson clears his desk, attention shifts to judgement of brand new PM Rishi Sunak November 9, 2022 As senior Tory and former Education Secretary Sir Gavin Williamson has quit the Cabinet after just a fortnight in office, questions are raised about the judgement of the new prime minister, Rishi Sunak. Sunak will appear in the Commons to face MPs following the loss of his ally, who stood down after accepting that allegations [...]
Twitter plans to charge users $20 for blue tick verification as Musk pushes for revenue growth October 31, 2022 Elon Musk is reportedly gearing up to introduce paid verification on Twitter in a bid to drive up revenue. According to initial reports from The Verge, Twitter is currently planning to charge $19.99 for the new Twitter Blue subscription, adding to the current optional premium offering it has. According to insiders and internal correspondence seen [...]
Twitter C-suite overhaul, job cuts and a content council: Elon Musk’s first moves as new owner October 30, 2022 Twitter’s new owner Elon Musk has reportedly fired a string of top executives “for cause”, in a bid to avoid paying out lofty severance packages after finally completing a $44bn takeover. The weekend layoffs included Twitter chief executive Parag Agrawal, chief financial officer Ned Segal and legal affairs and policy chief Vijaya Gadde, Reuters reported, [...]
Trouble ahead from Bank of England, but Bitcoin is laying down sound foundations October 21, 2022 Crypto AM's Jason Deane tries to make sense out of a crazy week as Bitcoin's successes are in danger of being overshadowed by politics.
Government puts bank windfall tax on table to help plug fiscal hole October 19, 2022 The government has put a windfall tax on the UK’s largest banks on the table, sending their shares plummeting today. London-listed Lloyds Bank, which is Britain’s biggest mortgage lender, plunged to the bottom of the FTSE 100 index today, shedding 4.11 per cent. Previously state-owned NatWest trailed closely behind on the biggest losers’ table, dropping [...]
Wasps teeter on the brink as Premiership club suspended October 12, 2022 One of the Premiership Rugby’s most successful and historic clubs has become the second English side within a month to be suspended from the top flight after Wasps announced that they would likely fall into administration in the coming days. The Coventry-based outfit today said that they had withdrawn from their Premiership fixture against Exeter [...]
US vs China superpower rivalry helps drive cryptocurrency markets October 12, 2022 Crypto AM columnist Nigel Green examines the evergreen niggle between the US and China, and what impact it has on cryptocurrency.