The public shaming of P&O won’t help us give up the habit of exploitation for good March 25, 2022 We all know the playbook by now. Big corporation does something immoral or illegal, often both. Cue public outcry and calls for “something to be done”. The chief exec is hauled before a parliamentary committee to account for himself (it’s usually a man) and then, well … that’s often where things end. But this time, [...]
Top firms mull pension hikes to keep pace with inflation March 24, 2022 FTSE 100 firms are mulling discretionary pension hikes as soaring inflation threatens to outpace the rate of annual growth in payouts, according to a top pensions consultant.
London’s top indexes struggle for direction on tame day in City March 24, 2022 London’s top indexes struggled to squeeze out any gains today on a tame day of trading in the City. The capital’s premier FTSE 100 index edged 0.09 per cent higher to 7,467.38 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.52 per cent [...]
Michael Grade named Ofcom chair March 24, 2022 Michael Grade has been named the government’s preferred candidate for the Ofcom chair, the Culture Secretary Nadine Dorries announced today. Lord Grade has had a long career in broadcasting, encompassing London Weekend Television, the BBC, ITV, as well as over nine years as Chief Executive of Channel Four Television. In May 2004 he was appointed [...]
The City View: More Spring Statement analysis, and The Macallan’s Master Whisky Maker distills her craft March 24, 2022 Today Andy Silvester chats to Economics and Markets reporter Jack Barnett — they look back on yesterday’s Spring Statement; go through dire IFS figures; and discuss lack of growth in the UK economy. Andy also takes us through the business news: P&O are in even more hot water; and the CEO of convenience store operator [...]
Hundreds of Knights’ worker opted into share options scheme as stock price plummets March 24, 2022 Shares in listed law firm Knights Plc continued to plummet today, as it emerged that hundreds of Knights’ workers had agreed to buy shares at more than double their current price, after opting into an employee ownership scheme. A total of 524 employees opted into Knights’ Save As You Earn scheme, which offered company employees [...]
Rishi Sunak has shown his true colours by hiding stealth tax rises in the detail March 24, 2022 Don’t be fooled, Rishi Sunak is a fiscal conservative first, and a low-tax conservative second. This was a tax-cutting spring statement, but as the Office Budget Responsibility (OBR) pointed out, on balance Sunak has been a tax-hiking Chancellor. In fact, the net cut to personal taxes introduced at the Spring Statement offsets “just over a [...]
Toshiba shareholders rebuff plans for break up March 24, 2022 Toshiba shareholders have rejected plans to split the Japanese Conglomerate in two as bosses’ lengthy battle with investors deepens.
Binance Labs pours $8m into Tea March 24, 2022 Tea, a new blockchain company building an open source software platform, has revealed a sizeable seed funding round led by Binance Labs.
Letters: Back into the fray March 24, 2022 [Re: Sanctioned Russian bank to vote in City of London Corporation election tomorrow, yesterday] Your article ‘Sanctioned Russian bank to vote in City of London Corporation election tomorrow’ is factually wrong and irresponsible journalism. It is individual workers rather than companies or organisations who are entitled to vote in the City of London elections. Any [...]