Sainsbury’s spends £220million to ‘keep prices low’ for customers January 21, 2024 Sainsbury’s will have forked out £220m to keep prices down for shoppers by the end of this financial year, according to its boss.
Second woman claims to have been raped while working at CBI, reports April 21, 2023 A woman has alleged that she was raped when she worked at the Confederation of British Industry. The woman told the Guardian newspaper that the incident took place when she was employed at an overseas office of Britain’s most prominent business lobby group. She said she blamed the culture at the CBI for having no [...]
Capita: Local authority contractor says ‘limited’ data accessed by hackers in recent cyber attack April 20, 2023 Outsourcing firm and government contractor Capita said customer, supplier or colleague data may have been accessed by hackers in a recent cyber attack on the firm. The group – a major contractor for local authorities – said investigations since the hack was discovered on March 31 have shown evidence of a “limited” data breach. It [...]
KuCoin hit with lawsuit from New York Attorney General March 9, 2023 New York Attorney General Letitia James has filed a lawsuit against KuCoin for "failing to register as a securities and commodities broker-dealer and falsely registering itself as an exchange".
Long time Rolls-Royce CEO Torsten Müller-Ötvös to retire October 5, 2023 Rolls-Royce Motor Cars has announced that chief executive Torsten Müller-Ötvös will retire, bringing to an end a 14-year stint at the helm.
Mike Lynch: UK tech tycoon who founded software firm Autonomy is extradited to US May 12, 2023 British technology tycoon Mike Lynch has been extradited to the US to face criminal charges. The founder of software firm Autonomy, who was once dubbed the UK’s Bill Gates, will stand trial on charges including fraud, which he denies. It comes weeks after he lost an appeal last month following an almost four-year court battle [...]
UK supporting family of British man ‘bludgeoned’ to death on oil rig in Qatar December 14, 2022 A British has been was killed on an oil rig in Qatar, the foreign office has confirmed, with police investigating it as a murder. Qatari police opened a murder investigation after a Scottish worker for the France-based company Stapem Offshore. He was later named as 38-year-old Robert Robson, of Tyne and Wear. His family issued [...]
Top fund management group launches in London after ‘attack’ from US regulators April 19, 2023 A major US fund management body has announced a push into the UK today as its members come “under attack” in the US and look to capitalise on a more friendly regulatory environment.
Big US banks pass Fed stress tests months after SVB collapse in sign they’d ‘weather a severe recession’ June 29, 2023 The largest banks in the US sailed through the Federal Reserve’s annual stress tests, suggesting they would survive a sharp economic downturn. The Fed said the results demonstrate that large banks are “well positioned to weather a severe recession and continue to lend to households and businesses even during a severe recession.” Despite projected losses [...]
Mortgages, real estate and government debt: Three things that worry the Bank of England March 27, 2024 The FPC, which was established in 2013, monitors financial stability risks and tries to prevent those risks developing into threats to wider UK financial stability.