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The FCA proposes new rules for ESG ratings providers. The Financial Conduct Authority aims to enhance transparency, governance, and conflict management in the ESG ratings sector, building on international recommendations to improve market trust and support the UK’s sustainable finance ambitions.
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88 per cent of organisations fear state cyber threats. A new study by IO finds UK and US businesses increasingly view state-sponsored cyber attacks as a board-level risk, warning that governments are not doing enough to protect the private sector from national-level adversaries.
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The UK is set to sign a pharmaceuticals deal with the US. The agreement will remove US import tariffs on medicines and increase NHS drug spending. It aims to improve investment conditions, although the long-term NHS budget impact is uncertain.
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Prime Minister Keir Starmer denies misleading claims over fiscal shortfall. Starmer defended Chancellor Reeves’ tax and spending decisions amid accusations of misleading public finances. He attributed revenue needs to OBR’s productivity downgrade and confirmed consideration of breaking manifesto tax commitments.
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Government revises plan on unfair dismissal protection for new staff. The UK government has altered its proposal to provide unfair dismissal protection from day one for new employees, following resistance from the House of Lords and industry warnings. Protection will now apply after six months of employment.
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Domino’s CEO resigns amid significant stock price decline. Andrew Rennie’s departure follows a challenging period for Domino’s, which saw its stock halve over the past year. The company is now seeking a permanent CEO as it reassesses its growth strategy.
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Friendly fraud cases are set to rise 25% this weekend. ACI Worldwide warns that retailers could face record levels of transaction disputes between Thanksgiving and Cyber Monday, with the average fraudulent claim now worth $291 — a 21% year-on-year increase.
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US budget deficit rises to $284bn in October. Treasury data shows the early fiscal shortfall driven by delayed receipts and higher interest payments following a temporary government shutdown.
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Just Climate secures $375 million for natural climate solutions. The investment aims to transform land use to achieve global net zero goals while ensuring attractive returns, marking a significant increase in assets for the strategy this year.
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Disposable income falls for the fourth consecutive month. One in five UK households struggles to cover essential bills as wage growth lags behind rising costs, pressuring Chancellor Rachel Reeves ahead of the upcoming Budget.
