Business
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A Liverpool-based contracting company accused of promoting tax avoidance is to be wound up after appointing liquidators, City AM can reveal. The firm, called, Umbrella Union, described itself as an “umbrella contracting company” which “can help you comply with financial regulations whilst remaining self employed.” In October last year, HMRC added the company to its…
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The public sector in the UK is encountering mounting pressure to adopt artificial intelligence (AI) and contemporary digital solutions, but a recent report indicates that numerous governmental departments are constrained by obsolete systems, isolated platforms, and persistent underfunding. A study carried out by customer experience company 8×8 alongside consultancy Cavell Group has shown that, despite…
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Gold prices are on track for their worst week since November 2024, falling 3.3% amid a stronger dollar and easing US-China trade tensions. Read more: Gold set for steepest weekly drop in six months as trade fears ease and dollar strengthens
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Aviva CEO Dame Amanda Blanc says mandating pension funds to invest in UK assets would be “a sledgehammer to crack a nut”, urging government to prioritise fiduciary duty. Read more: Aviva warns against forcing UK pension funds to buy domestic assets
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The government’s stake in NatWest has dropped below 1%, marking a near-complete exit from the £45.5bn bailout era and paving the way for full reprivatisation within weeks. Read more: NatWest nears full reprivatisation as taxpayer stake falls below 1%
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Future PLC withstands advertising challenges with solid margins and cash flow The London-based publishing and media entity Future PLC has reported a strong half-year performance, showcasing operational strength amid declining advertising markets and currency challenges. Even with a three percent decrease in revenue, the firm sustained impressive profitability, reflecting assurance in its long-term growth plan.…
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Multinational professional services company Org Group has purchased Manchester-based technology recruitment expert Venturi, in a transaction designed to bolster its global presence—particularly in Germany and the United States—while enhancing its skills in the recruitment of digital talent. The acquisition of Venturi broadens Org Group’s international recruitment and workforce solutions portfolio, which already features notable industry…
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British pension funds should not be forced to invest in UK assets, the boss of one of London’s biggest insurance firms has said, in a rebuke of the government’s pension reforms plans. The Treasury this week helped seal a voluntary, non-binding agreement by pension funds, dubbed the Mansion House Accord, will see increased investment into…
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Fifa has welcomed the qualified backing of its plan to cap football agents’ fees from a top judge at the European Court of Justice following legal challenges. The opinion issued by AG Nicholas Emiliou is not binding but offers an indication of the verdict that the ECJ may ultimately reach in a case with profound…
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Coinbase Confronts Potential Losses of Up to $300 Million Following Significant Cyber Attack The cryptocurrency exchange Coinbase has revealed a serious cyber attack that may result in losses ranging from $180 million (£135 million) to $400 million (£315 million), as indicated in a recent regulatory submission to the US Securities and Exchange Commission. The breach…