Deloitte diversity chief ‘facing internal investigation over bullying claims’ March 5, 2021 Deloitte’s deputy chief executive and diversity champion Dimple Agarwal is facing an internal probe over allegations of bullying. Agarwal, head of “people and purpose” at the Big Four auditor, is facing complaints from staff over inappropriate working practices such as communicating aggressively and making employees attend extremely early meetings, the Telegraph first reported. Having joined [...]
Cyprus-focused miner Caerus Mineral Resources set for London float March 5, 2021 A mining firm targeting gold and copper sites in Cyprus has this morning announced its intention to float on London’s main market. Caerus Mineral Resources – named after the Greek god of opportunity – has completed a fund-raise by means of placing 21 million new shares of 0.1p each in the capital of the company. [...]
Coming or going? Aviva the latest to cut office space as rival bosses say ‘remote working can’t last’ March 4, 2021 Aviva the latest to cut office space as rival bosses say 'remote working can't last'
City Corporation creates new Covid Business Recovery Fund March 4, 2021 | City Talk The Court of Common Council, the City of London Corporation’s main decision-making body, has today (4 March) agreed to create a new Covid Business Recovery Fund of up to £50 million. At a virtual meeting, elected Members decided unanimously that grants from the Fund will be made available to small and independent retailers and hospitality [...]
Sadiq Khan broke half of 2016 election promises, claims Tory rival Shaun Bailey March 4, 2021 Sadiq Khan has broken just over half of his 2016 campaign promises, Conservative mayoral rival Shaun Bailey has claimed. Bailey will today launch an advertising claiming Khan has not delivered on 126 of his 244 manifesto promises, however Labour has called the allegation a “complete work of fiction”. Bailey cites a list of manifesto promises [...]
Sadiq Khan rules out driverless trains as a part of next TfL bailout March 4, 2021 Sadiq Khan has said today that the government will not try to force Transport for London (TfL) to implement driverless trains as a part of current bailout negotiations. Khan told a group of reporters at his re-election campaign launch that the government had dropped any request to bring in driverless trains, after initially asking for [...]
So much for Singapore on Thames: UK corporation tax will be higher than France and Germany March 4, 2021 Yesterday, it was announced that corporation tax will rise from 19 per cent to 25 per cent by 2023 for UK companies with annual profits of £250,000 or higher. Although a new “super deduction” will see companies wipe out their tax bills by investing in property, plant and equipment for the next two years, the [...]
Clean air: City Corporation to become first UK authority to run fully electric refuse truck fleet March 4, 2021 | City Talk The City of London Corporation will become the first UK governing body to run a full fleet of Electric Refuse Collection Vehicles (ERCVs) following recent successful trials of the new technology. The first of the fleet of five new environmentally friendly trucks have arrived at Guildhall today [4 March] – the City Corporation’s HQ. The vehicles [...]
Sadiq Khan pledges to spend more on London economy in election campaign launch March 4, 2021 Sadiq Khan will today launch his re-election campaign by promising to spend more of his £16bn City Hall Budget on the capital’s economic recovery, including creating a new fund to get people back to London’s West End. Khan will say in a speech later this afternoon that he will focus on “jobs, jobs, jobs” if [...]
Spac-tacular: The City welcomes overhaul of stock market listings March 3, 2021 The US phenomenon of Spac listings could soon make its way to the City after a government-backed report called for widespread reform in the stock market. Lord Jonathan Hill’s report into London’s listing requirements called for regulators to allow blank-cheque vehicles to list in the capital as well as to ease other listing restrictions. It [...]