Lurpak row: ASDA says £6 butter with security tag is not UK-wide policy or related to cost of living crisis July 5, 2022 ASDA has said it does not have a UK-wide policy to put security tags on butter in relation to the cost of living crisis. The supermarket giant responded after a journalist shared an image on social media, showing a pack of Lurpak in one of its stores, costing £6, with a tag on. This comes [...]
Rainfall: On a mission to unlock financial value July 5, 2022 From the Crypto AM magazine, Amit Pradhan explains the role of Rainfall in empowering mothers around the world.
doceo Watch List July 5, 2022 Discount Watch: 9 That’s the number of trusts whose discounts hit 52-week highs over the last seven days – an improvement on last week’s 14. Of the nine, three make an appearance for the second consecutive week: UK investor Diverse Income Trust (DIVI); Baillie Gifford European Growth (BGEU); and European big box investor Tritax EuroBox (EBOX). Sector-wise, property and private equity [...]
OneWeb wins unanimous approval for ‘historic’ push into Brazil July 5, 2022 Taxpayer-backed satellite giant OneWeb has won unanimous approval from Brazil’s telecommunications watchdog for landing rights in the country, in a “historic” milestone for the company. It means the British communications darling can build satellite hubs known as gateways, critical pieces of infrastructure for solid satellite connection across Latin America and the Caribbean. The 15-year deal, [...]
Teens in suits banned from UK cinemas as TikTok craze around new Minions: The Rise Of Gru takes off July 5, 2022 Reports are coming in that young people wearing suits during screenings of Minions: The Rise Of Gru are being banned from UK cinemas. The decision comes after some young moviegoers were criticised for rowdy behaviour after a viral trend erupted on the social media app TikTok. The trend involves large groups of teenage boys, who [...]
Fresh poll puts Channel 4 at bottom of Tory voters’ wish list July 5, 2022 New polls show that Channel 4 privatisation has the least support out of ten Tory policies that the government want to deliver between now and the next election. According to polling from WPI Strategy, privatisation of the broadcaster as the least support from those who voted Conservative back in 2019.Just 16 per cent of voters [...]
Online platforms could have ‘legal obligation’ to fight state disinformation as part of amendment to Online Safety Bill July 4, 2022 Online platforms now have the legal obligation to take “proactive, preventative action” against any state-sponsored disinformation, under a new government amendment. The change will link the National Security Bill and the Online Safety Bill by adding a new Foreign Interference Offence to the list of priority offences within the new internet safety rules. “We cannot [...]
UK Finance chair Bob Wigley: We need to create ‘reasons for banks to be in London’ July 4, 2022 Bob Wigley, a seasoned City veteran, knows a thing or two about banking. He has chaired UK Finance, the British banking sector’s representative body, since its creation in 2017 by condensing several lobby groups into one. He was also instrumental in setting up TheCityUK, spent over a decade with investment banking giant Merrill Lynch and [...]
Royalty rate rocks for Hipgnosis Songs Fund following US ruling July 3, 2022 Shares in Hipgnosis Songs Fund climbed today after after a fresh court decision effectively meant it will be able to collect a greater royalty rate for music streaming. It comes after the US Copyright Royalty Board upheld its decision regarding the top-line streaming royalty rate for songs, which boosted the percentage of streaming service revenue [...]
More than 1m people descend on London for first Pride parade since Covid lockdowns July 2, 2022 London hosted its first Pride parade since the beginning of the Covid pandemic on Saturday afternoon, marking its 50th anniversary. Saturday’s parade was the most attended one in the 50-year history of the event, making it the capital’s biggest Pride ever, according to the Mayor of London’s office. The parade started at midday at Hyde [...]