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, [...]
Quilter announces robust interim results as net client cashflow doubles August 11, 2021 Quilter, a British wealth management company, has published robust interim results with net client cashflow doubling compared to the same period in 2020. Net Client Cash Flow saw a year on year increase of 127 per cent in the first half of 2021 reaching £2.5bn while adjusted profit before tax increased by 20 per cent [...]
Delivery Hero to expand in Germany after Deliveroo investment August 10, 2021 Berlin-based company Delivery Hero has announced that it is to rollout its food and grocery delivery services in more German cities this autumn. The move comes after it announced buying a 5.9 per cent stake in rival delivery company Deliveroo. Delivery Hero was originally founded in Berlin a decade ago, but three years ago ceased [...]
Skadden agrees 15 year lease for 22 Bishopsgate office August 9, 2021 International law firm Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates, has signed for three floors of 22 Bishopsgate. The City of London’s tallest office building is now 60% let with the US law firm taking 65,000 sq ft of space and planning to move its 250-strong London workforce to the site in late [...]
Venues could escape Covid restrictions if they introduce vaccine passports August 9, 2021 Venues may be given the chance to escape a reimposition of social distancing rules if they introduce vaccine requirements, it has been reported. The Cabinet is looking to incentivise nightclubs and bars to take up vaccine passport systems by allowing them to keep operating without other Covid restrictions, The Telegraph has reported. The Prime Minister [...]
Motorways and A-roads to benefit from £200m injection amid staycation boom August 9, 2021 The government is set to inject £200m into improving motorways and major A-roads in the southwest of England, so Brits can have smoother rides to see long-missed families. Now domestic travel restrictions have eased, Brits are well on their way to seeing the family and friends they had missed over the previous 15 months of [...]
Number 10: No plans for ‘imminent reshuffle’ after Johnson-Sunak row August 9, 2021 Boris Johnson has no plans for an “imminent reshuffle” after reports yesterday that he threatened to demote Rishi Sunak, according to Downing Street. The Prime Minister’s spokesman today said the pair will “continue” to enjoy a “close and effective working relationship”. The Sunday Times reported that Johnson was “apoplectic” about the leaking of a letter [...]
Crypto community battles ‘unworkable requirements’; Ethereum upgrade goes live August 9, 2021 Cryptocurrency data shows the price of Bitcoin moved from close to $40,000 at the beginning of the week to a $38,000 low, seemingly after failing to go above that mark. As the week developed, however, BTC surpassed it to now trade at $44,000. Ethereum’s ether, the second-largest cryptocurrency by market capitalization, moved in a similar [...]
Businesses must ‘act on pledges as soon as possible’ after damning climate report August 9, 2021 The world’s latest climate report spells ‘code red’ for humanity, UN secretary-general Antonio Guterres has said, while oil stocks go down the drain. The report, by the Intergovernmental Panel on Climate Change (IPCC), found that recent “human influence” on the world’s warming climate system has been “unprecedented over many centuries to many thousands of years”. [...]