EV delivery firm Packfleet branded ‘disgusting’ for plans to sack 30 drivers and replace them with gig economy contracts May 8, 2024 EV courier Packfleet has informed workers of plans to sack 30 employed drivers and force them to become self-employed, City A.M. understands.
Monzo’s valuation rises as fintech giant bags £150m funding for US growth May 8, 2024 Monzo has raised $190m (£150m) in new funding, taking its total for the year to $610m (£490m) and raising its valuation to $5.2bn (£4.1bn), as the digital bank eyes up international expansion and a flurry of new products.
Plus500 shareholders reject bosses’ paypackets after proxy resistance May 7, 2024 Shareholders in fintech firm Plus500 have revolted against the multi-million pound paypacket of its two bosses today in the first major rebellion of a fractious AGM season marked by resistance over executive pay.
Revolut launches ‘crypto exchange for pros’ May 7, 2024 Revolut has expanded its presence in the digital assets sector with the launch of a UK crypto exchange for "experienced traders".
PwC and EY handed multimillion-pound fines for London Capital & Finance audits May 7, 2024 Three firms, including PwC and Ernst & Young (EY), have been handed fines by the accounting watchdog for their audits of London Capital & Finance (LCF), a minibonds firm which took money from almost 12,000 investors before collapsing in 2019.
FTSE 100 today: London markets to scale to new highs on growing rate cut bets, riding global rally wave May 7, 2024 Asian markets surged in line with Wall Street's positive trend, while oil prices rose after Israel's strike in Gaza. Gold prices also climbed amid geopolitical uncertainties. Australia's central bank holds the cash rate at 4.35 per cent. Investors are now focused on the Bank of England (BoE) policy decision and UK GDP data for further market cues.
Train strikes to restart sparking anger from City bodies and hospitality groups May 6, 2024 Britain's railways are bracing for yet another round of industrial action as train drivers stage walkouts throughout next week.
Natwest bonus scheme planned for Tell Sid shareholders May 6, 2024 Natwest shareholders will be awarded bonus shares if they hold onto its stock for more than a year, plans for the sale of the government's stake in the bank have indicated.
AIM hit by sharp liquidity drop in further blow to London market May 6, 2024 Companies listed on the UK's AIM have seen the average value of their shares trading fall over 15 per cent in the last year.
Aldi faces £3.7m legal action by British Brussels sprout supplier May 6, 2024 German supermarket giant Aldi has been hit with legal proceedings by a Yorkshire-based Brussels sprout supplier over being de-list with no reason