RAC calls for fuel retailers to cut prices
The RAC has said that fuel prices in the UK are unjustifiably high and wholesale price drops should be passed onto consumers, according to BBC News. The motoring organisation says…
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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…
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The FICC Markets Standards Board (FSMB) has published draft guidance on what information traders can share, in the aftermath of the Libor rigging scandal, according to Reuters.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…
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…
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…
No more rail franchises before review, says committee
A parliamentary committee has described the UK’s rail franchising system as ‘broken’ according to Reuters. The Public Accounts Committee (PAC) said that no further franchises should be awarded before a…
Lloyds pre-tax profits rise 23% as bank looks to end of PPI complaints
Lloyds Bank’s pre-tax profits rose 23% in the last year, despite pressure from PPI compensation claims according to the Financial Times. Pre-tax profits were £1.6bn, up 23% on 2017’s profits…
Comcast tops 21st Century Fox’s Sky bid
US cable TV firm Comcast has bid £22bn for Sky in a move that threatens media giant Rupert Murdoch’s attempts to take over the pay-TV group, according to BBC News.…
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