McKinsey wins £3m govt contract: fights off competition from EY, Bain and Boston Consulting – CityAM : CityAM August 23, 2021 McKinsey & Company has won a contract worth up to £3m to consult the government on digital, data and technology services ahead of the annual spending review, according to reports. The firm fought off competition from EY, Bain and Boston Consulting Group, according to reports, which suggest that the contract, valued at £53,571 per day, [...]
Bitcoin smashes through $50k, but Cardano steals limelight as it looks to break $3 August 23, 2021 The price of Bitcoin has shot above $50,000 for the first time in three months, as the crypto markets continue to recover after their recent malaise.
Three quarters of UK professional investors to increase crypto exposure : CityAM August 23, 2021 A survey has found that the UK is one of the most attractive markets for hedge fund managers focussed on crypto and digital asset funds. The research, commissioned by Europe’s largest digital asset management fund, Nickel Digital, found that 74 per cent of UK institutional investors and wealth managers plan to increase their exposure to [...]
Bank of Gran and Grandad: How to financially support your family August 23, 2021 | Sponsored For many of us, one of the rewards for a life of hard work is passing on some of your wealth to younger generations. With Covid-19 hitting younger generations in the pocket, that has never been truer than now. Perhaps you have already made or updated your will to ensure you leave a legacy to [...]
Bitcoin breaks $50,000 as magic Monday gives cryptocurrencies a green start to the week August 23, 2021 Bitcoin did what it had bean threatening to do for days and push through the $50,000 barrier for the first time since mid-May.
Flying high: Former RBS and RSA boss Stephen Hester to be next Easyjet chairman – CityAM : CityAM August 23, 2021 City heavyweight Stephen Hester, who led RBS and insurer RSA, has been named the next chairman of budget airline Easyjet. Easyjet this morning named Hester as its director and chair designate. Hester will join the Board as a non-executive director on 1 September and then he will succeed John Barton as the airline’s chair on [...]
West End landlord: Weekly footfall 60 per cent of pre-Covid levels – CityAM : CityAM August 23, 2021 West End landlord Shaftesbury has said weekly footfall has recovered to 50-60 per cent of pre-pandemic levels as hospitality businesses enjoy a “strong recovery” of trading levels. The landlord reported increased occupancy across all uses with available-to-let vacancy at 4.1 per cent by 13 August 2021 compared to 8.4 per cent on 31 March 2021. [...]
Tony Blair’s son Euan raises £65m in funding round for start up – CityAM : CityAM August 23, 2021 An education start up founded by Euan Blair, son of former prime minister Tony Blair, has secured £65m in funding. Founded in 2016, Multiverse provides school leavers with apprenticeships and training, helping to secure people work in companies such as Google, Unilever, Facebook and Morgan Stanley. The investment is understood to be part of upcoming [...]
Sara Glass CA: From the private sector to CFO of the Scottish Parliament August 23, 2021 | City Talk This article first appeared in ICAS’ CA magazine. Sara Glass CA left a successful career in the private sector to become CFO of the Scottish Parliament. She tells Ryan Herman why the two roles are more similar than they appear. It is less than a year since Sara Glass CA became Chief Financial Officer for the [...]
Female FTSE 100 directors earn 73 per cent less than male counterparts August 23, 2021 A recent investigation has found that female FTSE 100 directors on average earn 73 per cent less than their male counterparts. Research by New Street Consulting Group found that the average pay for female directors stands at £237,000, compared to £875,900 for male directors. The data reveals that the gender pay gap at the top [...]