Page 28 - Gb News Today

PricewaterhouseCoopers (PwC) Australia is under fire after a former partner leaked confidential government tax plans between 2014 and 2017 which were then used to drum up work with multinational companies hoping to sidestep new rules.

Embattled cinema chain operator Cineworld Group on Monday said it will file for administration in Britain and suspend trading on the London Stock Exchange next month, as part of a restructuring plan to reduce its massive debt.

Britain's finance minister Jeremy Hunt said on Monday that banks are too slow to pass on increases in central bank interest rates to savers and this is a problem that needs to be resolved.

The Bank of England will raise borrowing costs 50 basis points higher than was thought only two weeks ago, in two quarter-point moves, as elevated inflation proves tricker to bring down than had been expected, according to economists polled by Reuters.

Britain's Sarah Ferguson, the Duchess of York, has been diagnosed with breast cancer and has undergone a successful operation, British media reported on Sunday.

Shell Plc began restarting its 227,900 barrel-per-day (bpd) Norco, Louisiana, refinery on Saturday following a power outage and brief fire, said people familiar with plant operations on Sunday.

The consultancy faces a further leadership shakeup as it responds to a scandal that has frozen work with some of Australia's major public and private-sector clients.

British retail sales unexpectedly rose in May, boosted by an extra bank holiday to mark the coronation of King Charles but also suggesting most consumers were coping with high inflation's squeeze on their spending power.

Liability waivers signed by passengers on a submersible lost at sea during a dive to the Titanic wreck may not shield the vessel's owner from potential lawsuits by the victims' families, legal experts said.

Heathrow Airport security workers on Friday called off 31 days of strikes planned for this summer, a relief for those travelling through Britain's busiest hub for their summer getaway.