For the next generation of astronauts to shoot for the moon, a STEM education is vital | City A.M. August 29, 2017 The United Kingdom is a nation of explorers. Captain James Cook, David Livingstone and Captain Robert Scott sailed and trekked the world to discover new frontiers. These voyagers mapped the world for the explorers of the future. Fast forward to the twenty-first century, Tim Peake, became Britain’s first astronaut to blast-off into the stratosphere to [...]
Mind the skills gap: UK faces a Brexit recruitment crunch without EU workers rights, manufacturing industry group EEF warns August 29, 2017 Britain’s manufacturing industry has warned of a “looming crunch” in recruiting workers if the government fails to address the issue of being able to hire from the EU after Brexit. The number of applicants from European workers has already fallen by a quarter, manufacturing body the EEF has said, with businesses noting a 16 per [...]
A shareholder row is already brewing over the Investment Association’s role in Theresa May’s executive pay reforms August 29, 2017 Discontent among shareholders’ rights groups is already brewing as the government today announced its new corporate governance reforms. Business secretary Greg Clark set out the measures, which will force all listed companies to reveal the pay ratio between bosses and workers, name and shame on a public register those which receive significant shareholder opposition to [...]
Deloitte’s profits flatline after six month ban from UK government contracts August 29, 2017 Deloitte’s profits flatlined last year as the accountancy firm navigated a six-month ban from pitching for UK government contracts. The figures Revenue for the year ended 31 May rose 11.2 per cent to £3.4bn, with consultancy revenue up 13.6 per cent to £859m and revenue from Deloitte’s audit and risk advisory business up 13.1 per [...]
City flexes its muscle as Brexit talks resume: Transitional services deal needed by Christmas to avoid harm say business leaders August 28, 2017 Brexit secretary David Davis and his EU counterpart Michel Barnier launched the latest round of exit talks last night, as the City expressed fresh concern over the lack of progress on a transitional deal for financial services. Senior business figures are warning the government to secure a bespoke transitional Brexit deal for financial services by [...]
Just Eat investor Vitruvian and Hugo Boss backer Permira are managing two of the world’s most popular private equity funds August 28, 2017 Two London-based private equity houses currently hold the title of managing some of the world’s most desirable funds, according to data from private equity marketplace Palico. Investors who purchased stakes through the secondary market in Permira’s Europe IV fund and Vitruvian’s Investment Partnership 1 during the first half of 2017 were willing to pay a [...]
Co-op’s the latest supermarket to drop the tampon tax, following Tesco, Waitrose and Morrisons August 28, 2017 Co-op has become the latest supermarket to take a stand on the so-called tampon tax by cutting out the additional cost for customers. It follows similar action taken by Tesco, Waitrose and Morrisons in the past few weeks. Read more: Tampon tax: Morrisons hops on bandwagon to absorb the cost The cost of tampons and [...]
Addison Lee’s licence to operate renewed for only six months as Transport for London considers fees after rise in Ubers | City A.M. August 25, 2017 Addison Lee’s licence has been extended for just six months as Transport for London considers increasing the cost of operating in the capital for mincab firms. London’s transport regulator is mulling an increase of costs for private hire vehicles with the rising number on the road and the increasing resources needed to regulate them since [...]
Why Liverpool’s Champions League qualification cost Chelsea and Manchester United over €10m in revenue August 24, 2017 Liverpool and Celtic both cruised into the Champions League group stage this week, costing Chelsea, Manchester United, Manchester City and Tottenham an average of €13m in the process. For Liverpool, the financial uplift from securing their place amongst Europe’s elite will be significant in prize money alone. The Reds and the Hoops both earned €2m [...]
Mayweather vs McGregor: What does boxing’s bizarre box office smash signal for the future of sport? August 24, 2017 The sentiment among boxing’s luminaries has been near-unanimous. “A farce,” scoffed Lennox Lewis; “a circus,” blasted Oscar de la Hoya; “a one-sided onslaught,” forecast Ricky Hatton. Yet despite the cacophony of derision, Floyd Mayweather versus Conor McGregor — this century’s greatest boxer against a debutant — is expected to be the most financially lucrative bout [...]