London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
MPs plan to question Shein boss as firm eyes London IPO November 5, 2024 A cross-party group of MPs will call in Shein’s boss to comment on the risk of forced labour in fast-fashion supply chains, according to committee chair Liam Byrne. The House of Commons business select committee is finalising plans for an inquiry into employment rights in the workplace, which will, amongst other things, examine the risk [...]
Workers’ rights package is ‘overdue and welcome’, says Ella’s Kitchen founder November 5, 2024 The government’s workers’ rights overhaul contains positive measures that will allow financially sustainable businesses to flourish, one of the UK’s leading entrepreneurs has said, calling for proper consultation with businesses on changes to the probation period. Paul Lindley OBE, the founder of the UK’s largest baby food brand Ella’s Kitchen and a pioneer of the [...]
Terry Smith’s £23bn fund falls out of favour after Magnificent Seven misstep November 5, 2024 Terry Smith’s £23bn equity fund has once again fallen off a list of the UK’s most-bought investment vehicles after failing to cash in on the performance of the ‘Magnificent Seven’ tech stocks, new analysis suggests. The Magnificent Seven refers to a group of US tech giants, including Alphabet, Meta and Nividia, that have seen stratospheric [...]
UK resumes tech-focused trade talks with South Korea November 5, 2024 The UK is resuming trade talks with South Korea with discussions focused on boosting tech and digital services. British negotiators have flown to Seoul to meet South Korean counterparts today as talks restart in a bid to secure a modern, digital-focused trade agreement. It is the first time the discussions have recommenced under the Labour [...]
As America votes, can US democracy survive without a WaPo endorsement? November 5, 2024 The US election has given rise to a huge number of divisive, potent and important debates. For many people, regardless of whether they even have a vote in this race, the contest has raised questions about the viability of American democracy itself. Those questions are likely to linger long after the close of polls and, [...]
Supreme Court refuses Blackrock’s appeal on tax relief of 2009 Barclays deal November 4, 2024 The highest court in the country refused to hear Blackrock's appeal after it lost its case against the tax agency over its 2009 acquisition of Barclays Global Investors
City holds off on big bets ahead of knife-edge US election November 4, 2024 City of London traders are refraining from big bets on US government debt and the dollar as the US election enters its final days on a knife edge, analysts have told City AM. With the last election taking four days to call, and polls suggesting Donald Trump and Kamala Harris are neck and neck heading [...]
No10 warned over risk of ‘killing off’ family-run firms November 4, 2024 Downing Street is attempting to weather a storm whipped up by entrepreneur James Dyson over changes to the inheritance tax treatment of family-run businesses. In an article in the Times, Dyson accused the government of “killing off family businesses, individual aspiration and economic growth” with their approach to death duties in the Budget. The high-profile [...]
Mel Stride and Priti Patel given top shadow cabinet jobs November 4, 2024 Mel Stride and Dame Priti Patel have been appointed as shadow Chancellor and shadow foreign secretary as new Tory leader Kemi Badenoch assembles her front-bench team. Both Stride and Patel ran against now-Conservative leader Badenoch in the race to replace Rishi Sunak following the July 4 election. Their appointments are the first to shadow the [...]
Reeves should be ‘thankful’ for avoiding Truss-style market crisis, analysts say November 4, 2024 Rachel Reeves should be “thankful” for avoiding the same fate as Liz Truss after the government's inaugural Budget triggered turmoil in the gilt market last week, analysts have said.