Brexit opportunities minister Jacob Rees-Mogg: I would refuse to serve in ‘socialist’ Rishi Sunak’s cabinet July 13, 2022 Boris Johnson ally Jacob Rees-Mogg has branded Rishi Sunak a ‘socialist’ and refused to serve in his cabinet should he become PM. The Brexit-backing Conservative MP hit out at the former chancellor’s “disloyalty” to the Prime Minister after he resigned last Tuesday. This comes after Rees-Mogg appeared to brand Sunak a socialist for high taxes [...]
Renold cuts debt and raises revenue in solid year July 13, 2022 Renold’s revenue grew 18.1 per cent to £195.2m while net debt dropped £4.6m to £13.8m for the year ended 31 March 2022. The manufacturer announced today that its operating profit had gone up from £11.4m in 2021 to £15.3m this year. The company recovered from the Covid pandemic and many of its businesses delivered were record [...]
PageGroup posts record June as firm benefits from wage inflation and short supply of candidates July 13, 2022 Recruitment firm PageGroup posted a record performance for June, marking the second month where gross profit exceeded £100m.
Three Arrows Capital founders seem to be missing after crypto hedge fund’s bankruptcy July 12, 2022 The founders of crypto hedge fund Three Arrows Capital (3AC) appear to have gone missing following the company’s bankruptcy. Lawyers representing the collapsed company’s creditors claimed that founders Zhu Su’s and Kyle Davies’ physical whereabouts were unknown ahead of a court hearing scheduled for today, according to court documents filed on Friday, CNBC reported. The [...]
Spotify snaps up Wordle spin-off Heardle in interactive push July 12, 2022 Streaming giant Spotify has snapped up daily music game Heardle as the firm builds out its interactive offerings to keep music lovers listening.
Channel 4 chief suggests government pushed privatisation agenda on its delayed annual report July 12, 2022 Channel 4 have said the government tried to tamper with the broadcaster’s annual report to ensure it aligned with its own privatisation ambitions.
FSB to put forward a global regulatory framework for crypto in October July 12, 2022 The Financial Stability Board will propose global crypto regulations in October following the recent crypto crash. The global watchdog said it is working towards ensuring that crypto is subject to tight oversight and will “submit a public consultation report that proposes recommendations for promoting international consistency of regulatory and supervisory approaches to crypto-assets and crypto-asset [...]
BoE lays down crypto regulation plans following crash July 12, 2022 The Bank of England laid down its plans for crypto regulation in the UK following the drastic instability from the “crypto winter.” Deputy Governor Jon Cunliffe said the Bank would apply identical regulation to different financial services in the UK, regardless of how they are provided, if the risks presented by them are the same. [...]
BBC’s frozen licence fee pushes annual savings of £285m as broadcaster fights vicious talent wars July 12, 2022 The BBC have aired concerns that the current funding settlement, where the licence fee is frozen for two years despite crippling inflation, could spell danger for the broadcaster’s long-term future. Discussing the Beeb’s annual results this morning, BBC Chairman Richard Sharp said the “working assumption is that this [a frozen fee] will open up a [...]
Bitcoin dips below $20k as markets remain uncertain ahead of latest inflation figures July 12, 2022 The price of Bitcoin is down 3.75 per cent over the past 24 hours this morning, changing hands for around $19,800.