Industry News Roundup: Key Developments Across Sectors

Financial Sector: FCA Intensifies Scrutiny on Workplace Misconduct

• The UK's Financial Conduct Authority (FCA) is increasing oversight on harassment and bullying in financial institutions.

• Banks and insurers must report misconduct incidents and their responses.

• The FCA aims to integrate workplace behavior into "fit and proper" assessments.

• No enforcement actions have started yet.

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Manufacturing: Trade Barriers Threaten UK Medium-Sized Firms

• Nearly 50% of UK manufacturers see export barriers as their biggest risk.

• Companies call for more government support, including export finance.

• Rising costs from higher national insurance and minimum wage increases are adding pressure.

• Businesses may slow hiring and investment.

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Energy: Ineos CEO Warns Against Green Policies

• Jim Ratcliffe, CEO of Ineos, warns UK/EU green policies could harm the petrochemical industry.

• Claims high energy prices and carbon taxes are making European industries less competitive.

• Proposes four solutions:

  • Remove carbon taxes

  • Lower energy costs

  • Provide growth incentives

  • Introduce tariff protections

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Media: Australia Proposes 'News Tax' on Tech Giants

• Australia plans a tax on social media & search engines earning over $250M.

• The goal is to force Big Tech to pay publishers for journalism.

• Follows Meta’s withdrawal from media payment deals.

• Supporters say it will fund rural journalism, but tech companies oppose it.

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Entertainment: BBC’s ‘Industry’ Faces Cast Shake-Up

• Harry Lawtey is exiting BBC drama "Industry" after three seasons.

• Scheduling conflicts with his Hollywood career led to his departure.

• His character, Robert Spearing, will not return in Season 4.

• Other key cast members, including Myha'la Herrold and Marisa Abela, will continue.

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Stay tuned for more industry updates on Glincker! 🚀