Night of violence: Multiple stabbings across London in last 24 hours July 22, 2021 London saw several acts of violence in the last 24 hours, leaving one man dead and two women in hospital as a result of knife crime. In south London, a man believed to be in his 20s has died following a stabbing close to Brixton Underground station around 8:45pm. Despite paramedics’ efforts, the victim was [...]
Barclays appoints Ingrid Hengster as Germany head July 22, 2021 Barclays announced the appointment of Ingrid Hengster as country chief executive for Germany and global chairman of investment banking. Hengster joins from KfW, the German state-owned investment and development bank, where she held the role of executive board member since 2014. “The almost eight years at KfW were very rewarding because I had the opportunity [...]
SMEs confident about recovery but frustrated by lack of financial backing July 22, 2021 Owners of small and medium-sized enterprises are feeling more optimistic than last month but are struggling to get financial backing, according to figures from the Association of Chartered Certified Accountants (ACCA UK) and the Corporate Finance Network (CFN), shared with City A.M. today. The survey shows that 89 per cent of SME owners are trading [...]
China rejects WHO plan to further investigate Covid-19 origin July 22, 2021 A senior Chinese health official rejected the next stage of a World Health Organisation investigation into the origin of Covid-19, which plans to audit labs and markets in the city of Wuhan. Zeng Yixin, vice-minister of the National Health Commission, said in a press conference in Beijing that he was taken aback by a hypothesis [...]
Six million SMEs risk ‘being forgotten’ in net zero transition, banks warn July 22, 2021 The UK’s six million small and medium-sized enterprises (SMEs) could be “forgotten or left behind” in the country’s net zero transition, warns Bankers for Net Zero in a report. The initiative – supported by Barclays, Handelsbanken, Triodos, Ecology Building Society, ClearBank and Tide – argues that measures need to be implemented to avoid leaving SMEs unprepared [...]
British man linked to 2020 Twitter hack arrested in Spain July 21, 2021 Spanish police have arrested a 22-year-old British citizen in the southern city of Estepona for his alleged involvement in the July 2020 Twitter hack. The US requested his arrest on multiple charges connected to the cyberscam. Joseph O’Connor is also accused in a criminal complaint of computer intrusions linked with TikTok and Snapchat accounts takeovers, [...]
Pandemic boost: Pharmacy2U’s online product delivery climbs to 17m July 21, 2021 Pharmacy2U has delivered over 17m medicines since the start of the pandemic, figures from the Leeds-based online pharmacy showed today. The e-pharmacy, well-known for its repeat prescriptions service, has seen a sharp increase in customers ordering medicines online. The company has grown its operations to support the work of the NHS and adapt to stay-at-home [...]
Keir Starmer self-isolating after child tests positive July 21, 2021 Keir Starmer is the latest politician to go into self-isolation after one of his children has tested positive for coronavirus at lunchtime. “In line with the rules, Keir and his family will now be self-isolating,” announced a spokesperson for the Labour leader. “Keir was already doing daily tests and tested negative this morning. He will [...]
Regulation and investors’ demands push fund managers towards ESG July 20, 2021 Regulatory imperatives and investor demand are driving an increased focus on environmental, social and corporate governance (ESG) principles, according to a PwC report published today. The study found that three-quarters of the fund managers questioned – holding £15.5 trillion in assets – are being influenced by investors and policymakers to drive sustainability outcomes. Regulation 76 [...]
Study: Private equity and venture capital professionals work 56 hours a week during pandemic July 20, 2021 Working hours reportedly increased by 4 per cent on average between 2019 and 2020, according to a report by Movemeon.com and Payspective.com, shared with City A.M. this morning. Compiling 35,000 data points, the study was conducted before the second wave. It found that working hours increased by 8 per cent for private equity and venture [...]