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Private sector activity across the UK economy grew at its fastest pace since May 2015 in the three months to June, new data showed today. Manufacturing and distribution activity accelerated at record rates of 37 per cent and 60 per cent respectively, according to the CBI’s latest monthly growth indicator. “With much of the economy [...]
Analysts at Goldman Sachs have predicted that England will beat Germany in their crunch Euro 2020 last-16 match at Wembley on Tuesday. After sneaking into the second round following a 2-2 draw against Hungary on Wednesday night, Germany will face England for a place in the quarter-finals. The Germans will be hoping for a repeat [...]
Credit Suisse’s top management are under pressure to overhaul the scandal-hit Swiss bank and a merger with rival UBS may be on the cards. Reuters today reported that three people familiar with the bank’s thinking are concerned that it could be challenged by investors demanding its break-up. This has led the sources to believe that [...]
Boris Johnson’s food tsar Henry Dimbleby wants Brits to pay meat taxes to help tackle climate change but has warned of a potential backlash. Processed meats including burgers, bacon, chicken nuggets and ham could face a levy, according to a draft plan leaked to The Sun. Move could prompt backlash Henry Dimbleby is expected to [...]
Amigo today said it had secured three months of breathing space from its lender as the business tries to avoid collapse. The guarantor lender said the bank had extended the grace period, which was set to run out today, to 24 September. However, it has been cut to £100m from £250m. Amigo has been under [...]
NHS Test and Trace: 600m tests unaccounted for and scheme still 'wracked with problems'
Investors at scandal-ridden Toshiba today voted out its chairman, Osamu Nagayama, after the company was found to have colluded with the government to suppress the interests of foreign investors. The move marks a milestone for corporate governance in Japan after Toshiba shareholders successfully secured a probe into the allegations of pressure on overseas investors. One [...]
Panasonic has sold its stake in electric car maker Tesla for $3.6bn, a spokesperson for the Japanese company said today. The sale comes as Panasonic looks to raise cash for investing in growth and to reduce its dependence on Tesla. The electronics firm is dominated by Elon Musk’s company, but the two have often had [...]
Citi today said that it expects its UK-based staff to come into the office at least three days a week once Covid restrictions are lifted, claiming that the “business works best from being together”. Speaking on the BBC’s Today Programme this morning, James Bardrick, the UK head of Citi, said that the company is asking [...]
Shares in Deliveroo shot up 8.5 per cent today after Britain’s Court of Appeal ruled that its riders were self-employed, dismissing an appeal by the IWGB union against past judgements on their status. The boss of Deliveroo saw his fortune balloon by nearly £25m after the company’s riders were dealt a blow in their fight [...]
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