WPP to pay dividend even as ad revenues slump due to coronavirus August 27, 2020 Advertising giant WPP has said it will pay an interim dividend of 10 pence a share even as advertising revenues plunged due to coronavirus. The group said trading had improved in July, winning more business than rivals, suggesting the worst was over for the ad group. The figures WPP reported a 12.3 per cent drop [...]
Boris Johnson U-turns on face mask rules in schools August 26, 2020 Boris Johnson has made face masks mandatory in some situations in English schools in what has become another U-turn for the government. The Prime Minister made a formal announcement today, after pressure from teachers, unions and medical experts. Face masks will be mandatory in communal areas and hallways in schools that are in regions in [...]
Ex-Australian PM Tony Abbott to be given top UK trade role August 26, 2020 Former Australian Prime Minister Tony Abbott is set to be unveiled as Boris Johnson’s choice to lead the UK’s post-Brexit trade mission. Abbott has reportedly been appointed as joint president – along with trade secretary Liz Truss – to Britain’s Board of Trade and will be tasked with promoting the UK as a trade destination [...]
IG employees not required to return to the office until 2021 August 26, 2020 IG is the latest firm to say its employees will not be required to return to the office for the rest of the year. In a memo seen by City A.M., the online trading firm’s chief operating officer Jon Noble told UK employees that they can continue working from home until the end of 2020. [...]
Lekoil shares drop as annual loss widens August 26, 2020 Oil and gas company Lekoil’s share price dropped this morning after the firm revealed that losses widened last year. The figures The company, which fell victim to fraud earlier this year, reported a $12m loss in the year ended 31 December 2019 compared to a loss of $7.8m in 2018. Total revenue for the year [...]
The Square Mile: Post Lockdown Revival August 25, 2020 | Sponsored Photo by Justin Setterfield/Getty Image
UK looks at curbing use of products made from illegal deforestation August 24, 2020 A new law that would fine UK companies for using products in their supply chains that have been grown through illegal deforestation is being considered by the government. The proposed new legislation, which will soon be put through a consultation phase, would see companies forced to show that products in their supply chain – like [...]
Cash Rules Everything Around Me: Hipgnosis Songs invests in Wu-Tang Clan supremo RZA’s catalogue August 24, 2020 London-listed Hipgnosis Songs Fund today said it had acquired 50 per cent of Wu-Tang Clan producer and rapper RZA’s back catalogue. Robert Diggs, known as RZA, founded Staten Island, New York, rap collective the Wu-Tang Clan in 1992. The kung fu-obsessed hardcore rap crew scored a smash hit with their 1993 breakthrough album Enter the [...]