Screenshot: Will workers’ rights put a puncture in Deliveroo’s IPO? March 26, 2021 This week **Media Moment of the Week: Farewell to the real McCoy **Will workers’ rights put a puncture in Deliveroo’s IPO? **A watchdog bares its teeth Media Moment of the Week: Farewell to the real McCoy In a shock bit of transfer news this week, BBC presenter Simon McCoy announced he was leaving the Beeb [...]
SSE profit rises as it calls for political action on renewables November 13, 2019 Big Six energy supplier SSE swung back into profit in this morning’s half-year results, as its chief executive called on the next government to put renewable power at the front and centre of their climate change plans. Read more: Competition watchdog to examine £500m Ovo Energy SSE deal The figures Reported profit rose to £128.9m [...]
Big Tech earnings: What to expect this week as tech titans report July 27, 2021 Wall Street is gearing up for a slew of Big Tech earnings this week with Apple, Amazon, Facebook, Google and Microsoft all set to deliver figures for their latest quarter. Twitter and Snap kicked off proceedings by smashing expectations last week, raising hopes that a post-pandemic advertising rebound will boost other platforms. Tesla also shrugged [...]
Satellite firm Inmarsat ditches dividend ahead of $3.4bn private equity takeover August 1, 2019 Satellite company Inmarsat ditched its dividend today despite narrowing losses. The UK firm said it was not declaring an interim dividend, having declared a dividend of eight cents per share in the same period last year. The company said it was cutting its dividend in the light of the announcement of its proposed $3.4bn (£2.8bn) [...]
Funeral firm Dignity posts rise in revenue amid Covid-19 crisis November 9, 2020 Funeral provider Dignity has posted higher revenue in the first nine months of the year following a sharp spike in deaths caused by the outbreak of coronavirus. The London-listed firm booked underlying revenue of £234.5m to 25 September, up four per cent on the same period last year. The figures reflected a higher number of [...]
CMA warns train passengers face higher prices if Abellio takes on East Midlands franchise July 19, 2019 The UK’s competition watchdog raised concerns today about higher ticket fares on two routes it is probing as part of an investigation into Abellio’s acquisition of the East Midlands franchise. Abellio’s ownership of Greater Anglia means it would operate a monopoly on the Norwich to Ely and Thetford to Ely routes as it would then [...]
Competition regulator accuses Casio of preventing price discounts April 11, 2019 Britain's competition watchdog has accused electronics giant Casio of illegally preventing price discounts today. Casio was provisionally found to have broken competition law by "restricting retailer freedom to discount online" by the Competition and Markets Authority (CMA) this morning. The Competition and Markets Authority (CMA) has issued a statement of objections to Casio Electronics which, as [...]
Deloitte boosts partner pay as profits jump August 27, 2019 Deloitte partners are in line for a pay hike this year, despite the current controversy surrounding the future of the Big Four accounting firms. Average profit per equity partner rose six per cent to £882,000 for the year ended 31 May. Profit available for distribution rose to £617m, up from £584m in the prior year. Deloitte [...]
PwC partner profits jump to £765,000 despite criticism for poor quality of audit work September 16, 2019 Partner profits at PwC UK increased 7.4 per cent to £765,000 this year, despite the firm receiving a dressing down from the regulator for the decline in the quality of its audit work. Profit for the year to 30 June increased to £1.016bn, up from £935m the previous year. Revenue leapt 12 per cent to [...]
John McDonnell says Labour will break up Big Four ‘cartel’ November 19, 2019 Shadow chancellor John McDonnell today promised to break up the “cartel” of the Big Four accounting firms if Labour wins the upcoming election. “Under Labour the Big Four companies will not be allowed to continue to act like a cartel,” McDonnell told a Westminster audience during a speech on Labour’s plans for the economy. The [...]