Giant accounting firm PwC has been fined £15 million by the Financial Conduct Authority (FCA) for failure to report suspected fraud at London Capital & Finance. This is the first such penalty ever imposed on an auditing firm. In a dramatic twist of irony, a record £15 million has been slapped on global accounting giant …
The fintech company Revolut is now worth $45 billion after selling its shares to employees. That puts it at an incredible value higher than some of the major banks, including NatWest and Barclays. The staff, including Revolut's chief executive, are in line to gain a collective $500 million from a deal that marks a landmark …
It was a stellar week for U.S stocks, with the S&P 500, Nasdaq, and the Dow Jones in incredible form. The S&P 500 was in the midst of its best week since November 2023, with almost a 4% rise. The semiconductor company Nvidia pulled off a massive rebound of 18%, and the prices of gold …
A 13-year-old girl from Barking, London, died after taking an ultra-lethal allergic reaction to the hot chocolate from Costa Coffee. A coroner has disclosed that the communications failure on the safety training for allergens resulted in her tragic death. Hannah's mother, Abimbola Duyile, is calling forth for more allergy awareness and stronger industrial training. On …
Kicking the kicks, the UK is booming at double France's growth rate according to fresh data, placing President Emmanuel Macron in an even tighter spot. With the boom of the UK economy at 0.6 percent growth while that of France lags behind at 0.3 percent, this spells further embarrassment for President Macron after France's credit …
Southgates Underpass in Leicester will be closed for three days starting Friday evening. Severn Trent is upgrading a crucial water pipe that supplies the local hospital and prison. Drivers will need to follow a diversion through St Nicholas Circle and Peacock Lane during this period. Hey, Leicester! If you’re planning to drive around Southgates Underpass …
Starbucks has named Brian Niccol as its new CEO, offering him a colossal pay package worth up to $113 million. This deal is four times larger than his predecessor’s and includes a $10 million sign-on bonus and $75 million in stock options. Niccol’s appointment comes amid Starbucks’ efforts to boost performance and improve its stock …
The chief executive of cell company Three blasted the UK's "diabolical" 5G speeds and coverage. He proposed a £15bn merger with Vodafone as the under-pressure country's savior. Finnegan claimed that the deal would release huge investment for better infrastructure, which will help boost the UK digital network and economy. The UK's new mobile firm boss …
Burst sewer pipe closes road in Exmouth. Quite an unexpected detour in place for it. South West Water is trying hard to fix it by using tankers temporarily and a pipe, also temporary. It occurred near Maer Lane Wastewater Treatment Works. Fixing the things to have it back Exmouth, usually a quiet and peaceful town, …
Next year, it is believed, around 400,000 more pensioners in the UK could be dragged into paying income tax as a result of an increase in the state pension, against a background in which the personal allowance is fixed. The supposed "retirement tax" is therefore causing concern, as many more retirees now could well be …
At the moment, UK drivers are being warned of new scams involving fake QR codes on parking signs. According to experts, this is part of a scam called "quishing" that takes motorists through sites that harvest personal details, as well as payment. The researchers advise the drivers not to scan the codes, but to use …
Wizz Air's €499 "all you can fly" deal is working hard for attention. Still, it cannot obscure the carrier's deeper problems. Once a star of European aviation, Wizz Air is under pressure from its tumbling share price, war-related challenges, and some dubious decisions. The new deal comes with so many caveats as to render it …
Amazon is expected to go a step closer to its promise of delivering packages through drones in the UK. The Civil Aviation Authority has cleared the way for trials where drones can fly beyond the line of sight of human controllers. The tests are part of a large program that involves the testing of advanced …
Cisco Systems is a great technological company that is going to cut its workforce by approximately 6,000 people, amounting to 7 percent of the workforce, due to restructuring. Cisco Systems will shift its focus towards Artificial Intelligence and cybersecurity due to the changing nature of the market. Revenues have been going down, but still, Cisco …
