The Times
- The Aquis Stock Exchange has said it is ready to work with
UK's Financial Conduct Authority as it increases scrutiny of
Love Hemp Group Plc , the struggling listed cannabis
supplements company, in the wake of a series of allegations.
- KPMG's UK partners were paid an average of 757,000 pounds
($931,791.30) each in 2022, a 10% increase on 2021 as the Big
Four accountancy firm saw revenue and profits rise despite
paying a record fine related to its audits of Carillion and
after withdrawing from lucrative government work.
The Guardian
- Ofgem is considering closing the gap between the cost of
energy bills for customers on prepayment meters and those on
direct debits, by examining whether a subsidy could be
introduced to create a level playing field.
- Tesco Plc has announced a shake-up of its shop
management in large UK stores along with the closure of its
remaining meat, fish and hot deli counters, affecting 2,100
jobs.
The Telegraph
- Around 1,000 jobs at Paperchase are under threat after
Britain's largest supermarket Tesco swooped for the struggling
stationery company in a deal expected to close stores.
- Cybersecurity company Darktrace Plc has been accused of engaging in fraudulent accounting by U.S. short-seller Quintessential Capital Management. Sky News - The UK Treasury has revealed proposals to regulate cryptocurrency, following widespread calls for action after the spectacular collapse of one of the world's largest trading exchanges. - Downing Street has insisted that the UK's economy is strong despite the International Monetary Fund's warning that Britain's economy will go into reverse this year and will fare worse than all other advanced nations. The Independent - British Prime Minister Rishi Sunak believes it is "not practical" to provide Ukraine with British fighter jets but he has pledged to accelerate support to enable "decisive gains" against Russian invaders. ($1 = 0.8124 pounds) (Compiled by Bengaluru newsroom)
