Shakespeare on advertising: Farage lifeboat attack gives RNLI a boost – CityAM : CityAM August 12, 2021 On July 28, ex-UKIP leader and current GB News host Nigel Farage attacked the Royal National Lifeboat Institution (RNLI) – describing them as a “taxi service” for illegal trafficking gangs because they rescue migrants at risk of drowning in the channel. If his aim was to discredit the charity, it had the opposite effect. Data [...]
XRP takes limelight as bitcoin stumbles at $47k – CityAM : CityAM August 12, 2021 Crypto at a Glance Bitcoin’s ascent continued yesterday, though the largest cryptocurrency by market cap has pulled back somewhat this morning from highs of nearly $47k. It’s down 2% over the last 24 hours at time of writing, changing hands for around $45,200. The markets generally continue to look in buoyant spirits though, with the [...]
London-listed Seraphim injects $6.5bn into space tech in just six months – CityAM : CityAM August 12, 2021 Seraphim has injected $6.5bn into space tech in the past six months, 85 per cent of what it invested in the whole of last year. The total half-year figure spans 172 transactions, dwarfing the 221 the space investor secured in 2020’s full-year. The space tech sector experienced a record-breaking quarter in terms of financing in [...]
A quarter of staff not allowed time off to get Covid jab – CityAM : CityAM August 12, 2021 Covid vaccinations are crucial in rebuilding confidence in the economy and protecting people against the virus, however a quarter of workers were not given time off to get the jab, a new survey finds. Research by the public body Acas found one in four employers did not allow staff to take time off to not [...]
Tui says recovery has begun as bookings jump : CityAM August 12, 2021 Tui today reported its first cash positive quarter since the pandemic began as the relaxation of travel restrictions across Europe boosted holiday bookings. The Anglo-German firm said that it had made an extra 1.5m bookings in the period, with 4.2m people booked for the summer period in total. Also Read: Cineworld reports $580m loss after [...]
UK GDP up 4.8 per cent in second quarter : CityAM August 12, 2021 The UK economy grew at a rate of 4.8 per cent in the second quarter, data from the ONS said today, as the bounce back from the coronavirus pandemic continues. As a result, GDP is now 4.4 per cent below where it was in the last quarter of 2019, before Covid-19 struck. Also Read: PwC [...]
How accountancy can take the lead when it comes to inclusive workplaces August 12, 2021 | City Talk This article first appeared in ICAS’ CA magazine. As CEO of Stemettes, Anne-Marie Imafidon is on a mission to ensure that careers in Stem are open and welcoming to all. She explains how accountancy can take the lead when it comes to inclusive workplaces Introduction: Laurence Eastham Anne-Marie Imafidon MBE has parlayed her beginnings as a [...]
Amazon transfers £8.2bn of UK revenue to Luxembourg, report says August 11, 2021 Amazon has shifted some £8.2bn worth of UK revenues to European tax haven Luxembourg, a new report has claimed, as the ecommerce giant bats off calls for a tax inquiry. The retail heavyweight declared £13.7bn in UK revenues in 2019, however, filings for its UK-based companies said it only reported £5.5bn in sales. The report, [...]
Company law and authorised signatories are an issue August 11, 2021 | Sponsored Cygnetise applies blockchain technology to revolutionise the process of Authorised Signatory Management (ASM). The Cygnetise solution solves the pain of ASM by enabling operations and finance departments to digitally manage and share authorised signatories in real time, reducing risk, cutting costs, and making the process more efficient, transparent, and secure. The world has moved on [...]
Build to rent on track for record investment as investors eye projects outside London August 11, 2021 The build to rent market has received record levels of investment in the first two quarters of the year, according to new research. In the first half of the year, £2.35bn of capital was invested into the sector including more than £1.27bn in Q1 and an additional £1.08bn in Q2. Global property consultancy Knight Frank [...]