Nationwide customers saved a further £10.6bn over the pandemic May 21, 2021 Customer deposited increased by £10.6bn throughout the pandemic, Nationwide said today, while remote working has made its workforce ‘more productive’ in the year to 4 April. With lockdown restrictions closing high streets and putting a pin in travel, Nationwide found deposits increased by double what they increased by in 2019, as customers stashed cash into [...]
Sunday Times Rich List: Marcus Rashford tops the UK’s biggest givers May 21, 2021 Manchester United football player Marcus Rashford has become the youngest person to top The Sunday Times Giving List this year, which measures philanthropy among the ultra-wealthy. The list highlighted today that the UK saw more new billionaire’s during the pandemic than any other time over the list’s 33-year history. However, this year also saw a record amount of donations, exceeding £4bn [...]
Painkiller maker Oxford Cannabinoid Technologies debuts on London’s market May 21, 2021 Oxford Cannabinoid Technologies (OCT), which makes painkillers using cannabis components, has debuted on the London Stock Exchange this morning, offering £0.01 per share. The UK-based company, a pre-revenue pharmaceutical company developing cannabinoid-based prescription medicines, will begin trading on the capital’s main market at 8:00 this morning. Offering around 960m ordinary shares, OCT is set to [...]
Seven golden ethical principles May 21, 2021 | City Talk The opportunity is now for all leaders to lean into restoring public trust in corporate governance, as we begin to build back better in the wake of a series of corporate failings. The global pandemic and our return to work presents an opportunity for organisations and leaders to re-establish a culture that is built on [...]
Exclusive: Sadiq Khan lags behind Boris Johnson’s housing completions record May 20, 2021 Sadiq Khan has completed just over half the amount of affordable housing in his first five years that Boris Johnson did when he was mayor of London. Numbers from the Greater London Authority (GLA) show Johnson completed 62,387 affordable homes in his first five years, while Khan has completed 34,659 in that same time period. [...]
Where in the West End and City of London office leasing market rebounding most? May 20, 2021 Where is the West End and City of London office leasing market rebounding most?
UK companies to help plot ‘constellation’ of satellites around the Moon May 20, 2021 UK space companies have begun developing navigation and telecommunication capabilities to put a ‘constellation’ of satellites around the Moon, according to the European Space Agency (ESA) today. With funding from the UK Space Agency, Surrey Satellite Technology Limited (SSTL), Inmarsat and MDA Space and Robotics have bagged £2m contracts with the ESA for the satellite [...]
Wincanton supply chains to be net zero by 2040, as profits slip May 20, 2021 Supply chain partner Wincanton is set to be net-zero by 2040, the group said today, but has been knocked slightly by a slip in profitability. With environment, social and governance (ESG) factors climbing increasingly higher on the investor agenda, the group’s shares were up 3.95 per cent to 447p per share this afternoon. The group [...]
Marshall Motor to repay £4m in pandemic relief, despite restrictions closing its doors May 20, 2021 Car dealer Marshall Motor is already set to repay furlough cash and retail grants it received this year amid the pandemic, following strong vehicle demand. The business said it would refund the £2.6m of furlough payments received so far this year, alongside the £1.4m of extra government relief, according to the Telegraph. “After such significant [...]
Euromoney Institutional Investor restores dividends as revenue dips May 20, 2021 B2B information provider Euromoney Institutional Investor saw subscriptions grow this year but took a hit to both its revenue and profits as social distancing foiled events. Revenue fell by 17 per cent to £155.5m from £186.3m last year, due to social distancing measures fumbling physical event plans, in the six months to 31 March. “The [...]