Tata Steel: Ministers pledge £13.5m to protect jobs as ‘all options on the table’ August 15, 2024 The government has pledged £13.5m to help workers amid Tata Steel job losses, as a minister vowed “all options are on the table”. Funding will go to supporting supply chain businesses and workers affected by job losses in connection with the Indian-owned manufacturer changing its production systems. Tata is switching to a greener form of [...]
Baker Tilly’s UK arm censured by FCA over audit failings August 15, 2024 Auditor MHA has been censured by the FCA for "failing" to prepare client assets reports to the "required standard"
Unilever triples spend on video game ads to target younger audience August 15, 2024 Consumer goods giant Unilever is betting big on gaming to help it advertise to elusive younger audiences. The company, which owns a host of household name brands including Lynx and Dove, has poured money into its in-game advertising department over the past three years, tripling its spend since 2021. It now has a team of [...]
Want to beat the market like a member of Congress? Now you can August 15, 2024 US politicians have long come under fire for their stock trading activity. Politicians’ trades have been shown to perform twice as well as the market average. In some high-profile cases, members of Congress have bought into companies just days before their share prices skyrocketed after positive developments. Now, Etoro has launched three new portfolios to [...]
Harley-Davidson: Iconic motorbike brand riding high as profit surges despite sales slump August 15, 2024 The UK arm of the iconic motorbike brand Harley-Davidson has seen its profit surge despite a dip in revenue, thanks to a reduction in its production costs, according to newly-filed documents. The US brand, which runs its UK division from its headquarters in Oxfordshire, saw its pre-tax profit soar to €31m (£26m) in 2023, up [...]
Prime London property bounces back after election despite tax uncertainty August 15, 2024 Buyers have returned to prime London properties after the election despite uncertainty around the government’s position on tax changes, new data shows. Sales in July were at their highest on a year-to-date monthly basis, although the average price of a property fell by five per cent on an annual basis, LonRes has found. The number [...]
Met Police ‘inadequate’ at managing risk of sex offenders August 15, 2024 The Met Police is not managing the risks posed by registered sex offenders and online child abusers “effectively”, a report from the police inspectorate has found. It also found the force’s crime investigations also suffer from “inconsistent decision-making” and arguments, with inexperienced officers trying to manage more than 25 crimes at once. His Majesty’s Inspectorate [...]
Which stocks are Warren Buffett, Michael Burry and Bill Ackman buying? August 15, 2024 A raft of the biggest US investors, like Warren Buffett, the Big Short’s Michael Burry, and Bill Ackman have disclosed which stocks they’ve bought and sold over the last three months. The holdings were revealed in 13-F filings last night, which all US funds worth over $100m have to file with the Securities and Exchange [...]
Workers rights: Ministers meet unions but warned on ‘unintended consequences’ of reform August 15, 2024 Unions and employers have met with the government to discuss new plans for workers rights but it comes as ministers are warned against “unintended consequences” of reforms. Deputy Prime Minister Angela Rayner and business secretary Jonathan Reynolds met unions and businesses on Wednesday to kick-start Labour’s work on employment rights. Rayner hailed the meeting as [...]
UK water firms could face £2bn in fines over next five years, Moody’s warns August 15, 2024 UK water companies could be hit with a total of roughly £2bn in fines over the next five years, Moody's has estimated, warning that more demanding proposals from the industry regulator increase risk in the sector.