Marston’s pub sales tumble 22 per cent as lockdown restrictions bite : CityAM October 13, 2021 British brewing and pub business Marston’s has been hit hard by lockdown restrictions with pub sales falling 22 per cent this year to stand at £402m. Since April 12 the pub has seen trading reach 94 per cent of pre-pandemic levels on average as pub-going made a comeback over the Summer. However, Marston’s estate of [...]
City lobby group presses Sunak to scrap bank tax – CityAM : CityAM October 13, 2021 The City’s chief lobbying group has called on Chancellor Rishi Sunak to scrap the bank surcharge to reinforce the UK’s leading role as a global finance hub. TheCityUK has demanded Sunak remove the eight per cent levy on banks’ profits at the upcoming budget and spending review on October 27. Also Read: Sunak eyes overhaul [...]
Cabinet office minister warns businesses giving bonuses and dividends to not expect government support – CityAM % : CityAM October 12, 2021 Struggling companies facing high gas prices could be refused a government bailout this winter if they have paid out big dividends and bonuses. Cabinet office minister Steve Barclay told Times Radio that the Treasury would scrutinise whether any interventions represented “value for money”. He said: “It’s right from a taxpayer point of view, mindful of [...]
Right tax cuts will boost UK economy and unlock SME investment, says City investor October 12, 2021 Prime Minister Boris Johnson recently refused to rule out further tax rises, calling the pandemic a “fiscal meteorite”. Speaking at the Tory Party conference in Manchester, the Prime Minister praised the UK’s economic recovery which is so far ahead of other G7 nations. Meanwhile, Jacob Rees-Mogg highlighted that the country was already at the “upper [...]
Binance launches $1bn fund to encourage mass crypto adoption – CityAM : CityAM October 12, 2021 Binance, the world’s largest crypto exchange, has launched a $1bn (£736m) Crypto Mass Adoption Fund to accelerate the use of digital assets and blockchain technology. The billion dollar investment will support the Binance Smart Chain, a blockchain which developers can use to build decentralised applications (dapps) and projects. Half of the fund will be reserved [...]
Australian low-cost airline Bonza to start flying in 2022 October 12, 2021 Australian new low-cost carrier Bonza is planning to begin operations from the second quarter of 2022, starting domestic flights with a couple of Boeing 737-8 aircraft. As reported by the Guardian, Bonza’s chief executive Tim Jordan sent out today 46 expressions of interest around the country, looking for “regions and cities” to be part of [...]
Sally Rooney bans Hebrew translation of novel to protest Palestine conflict : CityAM October 12, 2021 Acclaimed author Sally Rooney has reportedly rejected a bid to translate her latest novel into Hebrew over her views on the Israel-Palestine conflict. Rooney, 30, was catapulted to fame by her debut novel Conversations with Friends, and Normal People, which was long-listed for the Booker Prize and became a TV adaptation – both novels were [...]
Wizz Air chief executive calls carbon offsetting “a bit of a joke” – CityAM : CityAM October 12, 2021 Wizz Air’s chief executive Jozsef Varadi has branded carbon offsetting as “a bit of a joke”, despite offering the scheme as part of the airline’s sustainability programme. As reported by Euronews, while speaking in Milan at industry conference World Routes, Varadi called carbon offsetting “greenwashing”. When pressed by Euronews Green on why the company was offering [...]
InnovaDerma tries to capture Gen Z hearts with Love Island star partnership October 12, 2021 Love Island star Liberty Poole has been named as a Skinny Tan brand ambassador, as the company looks to appeal to Gen Z. Parent company InnovaDerma – whose share price has dropped 23 per cent over the past year – said it hopes the Instagram influencer will help reach younger customers. Skinny Tan said women [...]
Trevelyan hits out at ‘unfair trading practices’ in swipe at China October 11, 2021 The UK’s new international trade secretary will tomorrow hit out at countries engaging in “unfair trading practices” in an apparent attack on China. Anne-Marie Trevelyan will use her first G20 trade meeting in Sorrento, Italy to say “we will not allow British businesses who play by the rules to be damaged and undercut by market-distorting [...]