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 [...]
Admiral posts strong half-year results as pre-tax profit jumps 76 per cent August 11, 2021 Admiral has posted strong half-year results for the period up to the 30 June 2021 as their decision to adjust pricing on pandemic-related claims looks to have paid off. The insurance company saw its pre-tax profit jump by 76 per cent, from £274.4m this time last year to £482.2m for the six months to 30 [...]
Goodwin see positive final results despite the placement of large capital projects slowing August 11, 2021 Goodwin PLC has posted strong final year results as the impact of the pandemic on the firm appears to have been abated. The pre-tax profit for the engineering company saw an increase from £12.1m to £16.5m for the year up to the 30 April 2021. That was despite a slow down in capital building projects, [...]