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…
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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…
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…
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The FICC Markets Standards Board (FSMB) has published draft guidance on what information traders can share, in the aftermath of the Libor rigging scandal, according to Reuters.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…
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…
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…
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…
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…
Bank of England likely to delay interest rate rise
The Bank of England has been put under pressure to delay raising interest rates, according to the Guardian. The move comes after figures for manufacturing and consumer credit indicated weakness…
Rate of working mothers up 50% in four decades
The proportion of UK mothers of working age in employment has risen by almost 50% since the 1970s, according to the Institute for Fiscal Studies (IFS). As reported by BBC…
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