Friday newspaper round-up: Reach, Twitter, Deloitte, Glencore
Sharecast
Published Nov 04, 2022 07:22
Updated Nov 04, 2022 07:41
Friday newspaper round-up: Reach, Twitter, Deloitte, Glencore
Elon Musk will begin mass layoffs at Twitter on Friday, sharply reducing the social media platform’s workforce, the company said in an email to staff on Thursday. “In an effort to place Twitter on a healthy path, we will go through the difficult process of reducing our global workforce on Friday,” said the email. The New York Times and Washington Post both reported on the layoffs and cited the internal email. – Guardian
Deloitte has axed half of its 16-person executive team and replaced them with younger partners as part of a major overhaul of its UK leadership. The Big Four accounting and consulting firm said eight of its most senior partners, including its managing partner, will leave its executive team to make way for six newcomers in an unexpected reshuffle. – Telegraph
Jeremy Hunt is preparing a raid on entrepreneurs, savers and landlords to help plug the £50bn hole in Britain’s public finances, The Telegraph can reveal. The Chancellor is considering an increase in the headline rate of capital gains tax (CGT) and taxes on dividends at the Autumn Statement. – Telegraph
Mining giant Glencore (LON:GLEN) has been ordered to pay £281 million in penalties after a judge said it had committed “corporate corruption on a widespread scale” across Africa through the “disease” of bribery. Sentencing the FTSE 100 company after a two-day hearing at Southwark crown court in London, Mr Justice Fraser said “the facts demonstrate not only sustained criminality but sophisticated devices to disguise it”. – The Times
Read more on Sharecast.com
Get The App
Written By: Sharecast
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.