Hunt reviews foreign funding to fight US green tax.

Creative Media NewsThursday, 30 March 2023, 4:000

Amidst the competitive threat posed by Joe Biden’s Inflation Reduction Act, the chancellor has asked former business minister Lord Harrington to supervise a review. This week, the chancellor will unveil a review of the United Kingdom’s foreign direct investment (FDI) framework, as the government scrambles to counteract the impact of Joe Biden’s efforts to boost...

According to Next, prices will rise less than anticipated this year.

Creative Media NewsWednesday, 29 March 2023, 22:000

This year, the high-street retailer Next will increase its prices by less than anticipated. It now anticipates price increases of 7% in the spring and summer of 2023 and 3% in the fall and winter, which is slightly less than the increases it predicted in January. It was stated that transportation costs were declining and...

Former Matalan leader Oddy plays golf with American Golf

Creative Media NewsWednesday, 29 March 2023, 8:000

Nigel Oddy, a former interim CEO of the Liverpool-based homewares retailer, will become the new CEO of Endless-owned American Golf. The former interim chief of Matalan is now the new chief executive officer of American Golf, a privately held sports products retailer. Nigel Oddy will become American Golf’s CEO following a six-month tenure at the...

Binance is charged with violating U.S. financial laws

Creative Media NewsWednesday, 29 March 2023, 2:000

US regulators want to ban Binance, the world’s biggest cryptocurrency trading platform, for operating illegally. The CFTC sued the firm for doing business in the US without registering. It accused Binance of violating numerous US financial laws, including anti-money laundering regulations. Binance defended its business methods. It stated that “significant investments” had been made to...

The worst is yet to come as grocery inflation sets record highs.

Creative Media NewsTuesday, 28 March 2023, 18:000

Households face a potential £837 annual increase in the cost of their regular grocery basket, even though consumers are increasingly shopping around for the best deal. Customers are now paying hundreds more per year as grocery inflation in the United Kingdom reaches a new record high, but there are warnings that the worst is yet...

William Hill permitted wagers of £23,000 in twenty minutes.

Creative Media NewsTuesday, 28 March 2023, 16:000

Three gambling companies owned by William Hill will pay fines totaling £19.2 million for failing to protect consumers and implementing inadequate anti-money laundering controls. The record-breaking fine is a result of the Gambling Commission’s discovery that new customers were able to place large bets in a short period without appropriate checks. Unchecked, a customer was...

Cash Isa rates hit record highs, but should savers trade or save regularly?

Creative Media NewsTuesday, 28 March 2023, 12:000

Since the 2008 financial crisis, the highest cash Isa rates have been available to savers seeking to utilize their annual £20,000 Isa allowance. According to Moneyfacts, the average easy-access cash Isa rate has achieved levels not seen since February 2009, while the average one-year fix has reached levels not seen since December 2008. The best...

Public deal for P&O sackings firm incenses.

Creative Media NewsTuesday, 28 March 2023, 4:000

The decision to award a significant public contract to the owner of P&O Ferries has sparked outrage, as the company laid off 800 employees without notice last year. As part of Rishi Sunak’s freeports proposal, DP World has been approved to co-run the Thames Freeport in Essex. According to the Trades Union Congress, it was...

Barclays-backed Bink is rescued by a £9 million funding round.

Creative Media NewsMonday, 27 March 2023, 12:000

The parent company of Bink, Loyalty Angels, has secured new funding commitments that will secure its future through next year. A loyalty app whose investors include Barclays and Lloyds Banking Group has secured a £9 million funding lifeline. Existing investors in Loyalty Angels, trading as Bink, have consented to provide £7.5 million in new capital....

Elliott unveils a spectacular offer for ailing portions of Cineworld

Creative Media NewsSunday, 26 March 2023, 18:000

The US-based investment firm has submitted a proposal to acquire Cineworld’s operations outside the United Kingdom and United States as the London-listed company fights for survival. The renowned activist investor Elliott Management is plotting a takeover of significant portions of Cineworld, a struggling cinema operator listed on the London Stock Exchange. Elliott is interested in...

Energy firms want the windfall tax to decline in tandem with prices

Creative Media NewsSaturday, 25 March 2023, 22:000

As oil and gas prices decline, energy companies have urged ministers to reduce the windfall tax in advance of a package of energy security measures anticipated to be announced on Thursday. Offshore Energies UK has stated that the windfall tax should be eliminated when prices decrease. According to the Financial Times, ministers are planning to...

The decline of Deutsche Bank shares reawakens investors’s apprehensions

Creative Media NewsSaturday, 25 March 2023, 16:000

As concerns over the sector’s financial health resurface, bank stocks across Europe have declined sharply. Shares of Germany’s Deutsche Bank fell 14% at one point on Friday, and other financial institutions also experienced significant losses. Investors have already been frightened by the failure of two US banks and the hurried acquisition of Credit Suisse by...

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