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Shareholder revolt for WPP over Sorrell departure

Advertising giant WPP is facing a shareholder revolt over its handling of the departure of former CEO Martin Sorrell, according to Reuters. Almost one in three WPP shareholders neglected to support the board’s … Continue reading “Shareholder revolt for WPP over Sorrell departure”


5.9 million payment cards hacked in Dixons Carphone data breach

Dixons Carphone has admitted to a major data breach involving 5.9 million payment cards and 1.2 million personal records, according to BBC News. The company said a hacking attempt began in July 2017. … Continue reading “5.9 million payment cards hacked in Dixons Carphone data breach”


Supreme Court judgment strikes a blow to gig economy

A landmark ruling by the Supreme Court could have huge ramifications for the UK’s gig economy, according to BBC News. Plumber Gary Smith worked for Pimlico Plumbers for six years before a heart … Continue reading “Supreme Court judgment strikes a blow to gig economy”


UK farmers face migrant labour shortage

British agriculture is facing a labour shortage as recruitment agencies warn they cannot find enough workers to pick this year’s fruit and vegetable harvest, according to BBC News. More than half of recruitment … Continue reading “UK farmers face migrant labour shortage”


FSMB consults on ‘statement of good practice’ following Libor

The FICC Markets Standards Board (FSMB) has published draft guidance on what information traders can share, in the aftermath of the Libor rigging scandal, according to Reuters. The FSMB said the proposed guidance … Continue reading “FSMB consults on ‘statement of good practice’ following Libor”


Markit survey reveals state of UK manufacturing

A Markit survey has revealed that UK factories experienced growth in May for the first time in six months, but there are serious underlying weaknesses in the sector, according to Reuters. The Markit/CIPS … Continue reading “Markit survey reveals state of UK manufacturing”


DB pensions deficit down £53bn in a month

Deficits in UK private defined benefit (DB) pension schemes fell to £78bn at the end of April, down by £53bn in the last month according to data from JLT Employee Benefits reported by … Continue reading “DB pensions deficit down £53bn in a month”


Tax havens required to build public company ownership registers

The government has said it will support a legislative amendment which will force British Overseas Territories to create public registers of company ownership, helping to address the global system of hiding places for … Continue reading “Tax havens required to build public company ownership registers”


Local opposition to tall wind turbines on Isle of Lewis

Plans for two major wind farms on the Isle of Lewis have been challenged by local inhabitants after developer EDF Energy said the turbines would need to be higher than expected, according to … Continue reading “Local opposition to tall wind turbines on Isle of Lewis”


Suppliers worried about Asda/Sainsbury’s merger

Suppliers to supermarkets Sainsbury’s and Asda have expressed concern that the merger of the two chains could lead to increased pressure on price, according to BBC News. Mike Coupe, chief executive of Sainsbury’s … Continue reading “Suppliers worried about Asda/Sainsbury’s merger”


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