Relaxation of Indian listing regime to boost flotations on London markets August 25, 2021 Flotations on London markets are set to rise sharply, driven by a flood of Indian companies listing in the capital, according to the chief of a leading Indian investment firm. JPIN VCATS’ founder, Nayan Gala, expects India’s booming startup scene to take advantage of a relaxation to the country’s overseas listing rules. “The UK will [...]
Delta Air Lines to impose $200 monthly levy on unvaccinated staff August 25, 2021 Delta Air Lines will charge employees an extra $200 a month for their corporate healthcare plan if they refuse to take a Covid vaccine, it announced today. The airline’s chief, Ed Bastian, said the additional cost was necessary to insure against the financial risks of being responsible for unvaccinated staff. Bastian pointed to the $50,000 [...]
Global corporate profits expected to fall eight per cent after record quarter August 25, 2021 Global corporate profits are set to fall for the first time in 18 months after a record second quarter, as a rise in the Delta variant has increased labour costs while squeezing supply chains, according to calculations by Reuters. Although huge stimulus packages helped to underpin economic recoveries while the easing of pandemic restrictions resulted [...]
Afghanistan: Former central bank boss warns Taliban have ‘less than a week’ of financial coverage August 25, 2021 Following its takeover by the Taliban, Afghanistan and its capital Kabul have been left in chaos – with thousands attempting to flee the country while its economic climate becomes increasingly dire. An eyewatering amount of capital has been snatched from the hands of the Taliban as countries like the US, Germany and other foreign fiscal [...]
ONS: Remote working to stimulate employment among older Brits, adding billions to UK economy August 25, 2021 Remote working could stimulate employment rates among older workers, potentially adding billions to the UK economy, according to fresh figures published today. Data from the Office for National Statistics shows older workers who have switched to working from home entirely are more likely to retire later than those who are still working in physical work [...]
Covid recovery: Jobs market rebound to power through coming months August 25, 2021 The UK jobs market recovery is likely to power through the coming months driven by employers ramping up hiring to deliver on new business plans, according to fresh figures published today. New data from the Recruitment and Employment Confederation shows in the three months to July of this year, a net balance of 29 per [...]
Citigroup forces UK junior bankers to take two weeks off by October August 25, 2021 Citigroup has asked its junior bankers across Europe, the Middle East and Africa (EMEA) to take two weeks off work by the end of September. The measures, introduced in July and first reported by Bloomberg, form part of the Wall Street giant’s bid to improve working conditions for its youngest employees. The bank is fighting [...]
Dominic Raab denies paddleboarding in Greece while Kabul fell: ‘The sea was closed’ August 25, 2021 Foreign Secretary Dominic Raab has said reports of him paddleboarding on holiday while Kabul was taken over by the Taliban are “nonsense” because he was working and the sea was actually “closed”. Raab did say, however,that, with the benefit of hindsight, he would not have gone away on holiday at that time. He faced strong [...]
What does Meggitt’s bid premium tell us about UK shares? August 25, 2021 | City Talk Have you ever wondered why there has been such a marked pick-up in the amount of UK businesses that have been bid for in recent years? This year is no exception, and has been an extremely active one, with a record number of deals in the first half of 2021. And there is no sign [...]
Just Eat and ITV set to be booted from FTSE 100, while Morrisons and Meggitt could be added August 25, 2021 Takeaway delivery service company Just Eat Takeaway.com is set to be booted from the FTSE 100 after the index’s watchdog ruled it was a Dutch rather than a British company. FTSE Russell, the global index provider that recommends which listed companies should join or be removed from London’s premier index, ruled that Just Eat should [...]