Former BP boss Bernard Looney will forfeit up to £32.4m after the oil giant found he committed “serious misconduct” in failing to disclose relationships with colleagues.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Online marketplace Etsy lays off 11% of staff to cut costs Published
Etsy is cutting about 225 jobs, or 11% of its workforce, as part of a plan to bring down its costs.
Estate agents believe housing market may soon emerge from slump
For the first time in almost two years, most estate agents think they will be selling more homes in a few months’ time than they are currently.
Royal Mail ‘considering £430m swoop for Czech rival’
The owner of Royal Mail is reportedly considering a bid for Czech parcel giant Packeta before the latest round of bids is revealed on Friday.
FCA chief warns severe consequences for lying about ‘debanking’
Nikhi Rathi, the chief executive of the Financial Conduct Authority (FCA), has warned that banks will face severe consequences if they are found guilty of lying about cases of ‘debanking’, amid a series of high-profile cases in recent months.
Cop28 landmark deal agreed to ‘transition away’ from fossil fuels
Nearly 200 countries at the Cop28 climate summit have agreed to a deal that, for the first time, calls on all nations to transition away from fossil fuels to avert the worst effects of climate change.
Cyber industry leaders debate AI threat in Parliament
Key figures from the UK’s cyber industry gathered in the Houses of Parliament last night to discuss the challenges posed by cyber threats and the rise of A to UK national security and the economy.
Purplebricks to sell houses free to win market share
Homeowners can now sell their houses for nothing through Purplebricks as the online estate agent tries to claw back market share it lost over the past couple of chaotic years.
Saudi Arabia could be about to take majority control of Heathrow Airport
Saudi Arabia’s Public Investment Fund (PIF) and the Saudi-backed asset management firm Ardian have signed a £2.4bn deal for the Spanish infrastructure giant Ferrovial’s 25 per cent stake in the airport.
Wage growth cools slightly but Bank of England expected to hold interest rate
Annual wages grew 7.3 per cent in the three months to the end of October, a slight fall on the month before and a figure which will give the Bank of England more freedom to hold interest rates later this week.
UK mortgage lending predicted to fall in 2024
UK lending for house purchases will fall by 8% in 2024, a trade association representing banks is predicting.
Government only pursuing two per cent of Covid fraud tip-offs
Just two per cent of Covid fraud tip-offs are being investigated, the government has admitted.
COP28 draft agreement removes phasing out of fossil fuels
The phasing out of fossil fuels has been dropped from the UN’s COP28 climate summit draft agreement.
Jeremy Hunt ‘could have an extra £11bn for tax cuts before election’ thanks to falling debt interest costs
Jeremy Hunt could have another £11billion for tax cuts before the election, according to a new analysis.
Regulator warms train ticket websites over lack of transparency over pricing
The rail regulator has written to seven online third-party train ticket sellers to express concern that they are not being upfront about booking fees.
