1 The cost of living crisis and soaring energy bills are pushing workers back to the office, according to a study. One in five workers, or 21 per cent, in a survey said free heating had encouraged them to commute into the office more often, rising to 24 per cent for those aged 65 and over.
2 Britons are eating less meat than at any point since the 1970s as the cost of living crisis and the rise of vegetarianism reduce demand. Consumption at home fell by 12.5 per cent to an average of 854g a week in the year to March 2022, down from 976g the previous year and 949g in the year before the pandemic.
3 Britain’s financial regulators have confirmed that the cap on bankers’ bonuses will be scrapped from next week as part of a post-Brexit bid to boost the attractiveness of the City of London. Since 2014, under EU rules, banks and investment firms have had to limit bonuses to two times base salary.
4 Sir Pascal Soriot has said it would be a failure of his leadership if AstraZeneca did not appoint an internal candidate to succeed him, as he committed himself to leading the company for another five years.
5 Bankers face the threat of job losses after Barclays said it would embark on a cost-cutting drive after disappointing quarterly results. Coimbatore Sundararajan Venkatakrishnan, 57, chief executive, said bosses would “look for efficiencies” to help reduce “structural costs”.
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6 Shares in CAB Payments collapsed by more than two thirds as the cross-border payments business issued a profit warning three months after its debut. The fintech cut its full-year revenue forecast by 17 per cent.
7 There has been a surge in fraud as scammers take advantage of the popularity of online shopping to swindle consumers. The number of “authorised push payments” cases climbed by 22 per cent year-on-year to 116,324 in the six months to end of June.
8 Small companies have been left with “nowhere to turn for justice” in banking disputes following a decision not to extend the reach of the Financial Ombudsman Service. The Financial Conduct Authority said it would “not be proportionate” to provide access to the dispute resolution services to companies that do not qualify under existing thresholds.
9 Bunzl, the world’s biggest distributor of everyday workplace products, said that a slowdown in price inflation, fluctuating currencies and disposals had resulted in an 8.8 per cent fall in quarterly revenue. Investors marked the shares down by 3.9 per cent.
10 Hipgnosis Songs has said it failed to attract a better offer for a collection of song rights than the $440 million that a fund run by its founder Merck Mercuriadis is willing to pay.