Kanye West drops out of 2020 presidential race July 15, 2020 Kanye West has reportedly dropped out of the presidential race less than two weeks after announcing his bid for the White House. On Tuesday, a member of West’s campaign team told Intelligencer that the rapper would no longer be contesting the election. “He’s out,” said Steve Kramer, a get-out-the-vote specialist working with West. Kramer told [...]
Number of jobs available in London plummets due to coronavirus July 15, 2020 The number of jobs available in London during the second quarter plummeted as the coronavirus crisis took hold. In April, there was a 72 per cent drop in the number of job vacancies with just a one per cent decrease in job seekers across the period, according to Morgan McKinley research. By the end of [...]
The City View: David Gurlé on financial services regulation July 14, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Today Andy Silvester is joined by David Gurlé, the Chief Executive of Symphony – the $1.4bn-valued workflow managing software company. They talk about financial services regulation, tech on the trading floor as well as the dangers remote working presents for big banks. They also discuss his time at Microsoft working [...]
Brewdog and Biff’s team up to create UK’s biggest vegan delivery brand July 14, 2020 Brewdog is expanding its relationship with vegan brand Biff’s to create a fully vegan delivery-only operation across the UK. The venture will use Brewdog and Draft House – part of the Brewdog group – sites to create new delivery hubs, which will serve Biff’s branded burgers, wings and fries. The two brands launched their first [...]
German court bans Tesla ads over self-driving claims July 14, 2020 Germany has banned Tesla from repeating what a court says are misleading statements relating to its driver assistance systems and autonomous driving. The case was brought by Germany’s Wettbewerbszentrale, an industry sponsored body tasked with policing anti-competitive practices. Tesla can appeal the Munich court’s ruling. The court agreed with the industry body and banned Tesla [...]
Firms may still be taxed even if they return furlough money July 14, 2020 Businesses may still be taxed on the furlough scheme funds they receive even if they return the cash to HMRC. At the start of the coronavirus lockdown the government introduced the job retention scheme, which pays 80 per cent of salary costs for furloughed staff. Last week Chancellor Rishi Sunak announced the “job retention bonus” [...]
Blackrock punishes 53 companies over inaction on climate change July 14, 2020 Blackrock has punished more than 50 companies over their inaction on global warming after warning of huge investment risks from climate change. In January chief executive Larry Fink said Blackrock would get tough on companies that were too slow to take action on climate change. It announced it would put environmental strategy at the core [...]
Lidl to open 25 new stores in the UK this year creating 1,000 jobs July 14, 2020 Lidl has said it plans to open a new store every week until Christmas, seeing 25 new branches and 1,000 more jobs. The budget supermarket also plans to invest £1.3bn in the UK for 2021 and 2022, which will see the creation of 100 new stores and around 4,000 new jobs. Lidl aims to have [...]
Government dragging its feet on audit reform, says business committee July 14, 2020 The business, energy and industrial strategy (BEIS) committee has accused the government of dragging its feet on proposed audit reforms. The government has today published its response to the committee’s inquiry into the collapse of Thomas Cook last year. In the original findings from the inquiry last October, the committee expressed disappointment that the government [...]
The City View: Miles Roberts on the packaging business July 13, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS In today’s episode – the first recorded from City AM’s offices – Andy is joined by Miles Roberts, CEO of FTSE-100 packaging firm DS Smith. Miles and Andy discuss the impact of lockdown on packaging, what innovation looks like when it comes to cardboard, and post-Brexit goods regimes. They [...]
