Brexit: French fishermen may block British vessels’ access to French ports in action this week November 23, 2021 French fishermen may be planning to block British vessels’ access to French ports, after Britain’s refusal to grant more licences to operate in UK waters. France has accused Britain of not dishing out enough permits to French fishermen as part of a post-Brexit deal. “Action is imminent,” warned Olivier Lepretre, president of the organisation that [...]
Ex M&S boss Lord Rose headed for Asda chairman seat November 23, 2021 The former Marks & Spencer chairman and Land Securities chairs have been announced as new appointments to Asda’s board of directors. Asda said Lord Rose (formerly of Marks & Spencer) has been appointed chairman of the retailer while Dame Alison Carnwath (formerly of Vitec and Land Sec) will join as a non-executive director. The pair [...]
Scottish vaccine passport scheme will not be extended to cinemas and theatres November 23, 2021 Cinema and theatre operators have breathed a sigh of relief after it was confirmed Scotland’s vaccine passport will not be extended to more venues. First minister Nicola Sturgeon said the Covid pass scheme would come to include negative lateral flow test results, as well as the option to show proof of two jabs, from next [...]
Marks & Spencer buys stake in Nobody’s Child as it seeks to broaden clothing appeal November 23, 2021 Marks & Spencer has acquired a 25 per cent stake in affordable fashion brand Nobody’s Child, as it hopes to revive its clothing division. The investment is part of the retailer’s brands strategy which uses different models including wholesale agreements, exclusive collaborations, equity investments, and strategic acquisitions, including a purchase of Jaeger earlier this year. [...]
Zoom beats expectations as momentum continues despite office return November 22, 2021 Zoom Video Communications has beat estimates for third-quarter revenue as its shares jumped in extended trading. Despite the firm warning of slowing revenue growth after the second quarter as home-working weakens, the firm was able to hold its momentum. Revenue rose 35 per cent to $1.05bn in the third quarter ended 31 October, compared with [...]
EY files criminal complaint over German newspaper’s leaked report November 22, 2021 EY has reportedly submitted a criminal complaint over a newspaper’s publication of a classified report into its work for payments firm Wirecard. Criminal prosecutors in Munich received a complaint about the German financial newspaper Handelsblatt on Monday, the Financial Times reported. The parliamentary report, on behalf of the committee looking at the Wirecard scandal, concluded [...]
‘Not for Boris Johnson to second guess’ whether office-working best for businesses November 22, 2021 The Prime Minister has been told to leave businesses to make their own decisions on hybrid working, after saying there were “sound evolutionary reasons” for office-working. The Institute of Directors has slammed Boris Johnson’s remarks, which he made at the Confederation of British Industry’s annual conference on Monday. Alex Hall-Chen, senior policy advisor at the [...]
Vaccine firms’ shares surge after Europe battered by rising Covid cases November 22, 2021 Pharmaceutical companies behind coronavirus vaccines saw shares lift on Monday, against a backdrop of rising infections in Europe. Moderna and Novavax shares were both up 8 per cent after countries on the continent have cracked down on soaring infections in recent days. BioNTech saw a jump of 10 per cent while Pfizer marked a 1 [...]
JP Morgan offers to cover hotel quarantine costs for staff in Hong Kong November 22, 2021 JP Morgan has offered to give staff in Hong Kong up to $5,000 to cover quarantine costs, so they can visit families abroad. The city has tough quarantine rules, meaning arrivals into Hong Kong must quarantine in a hotel for up to three weeks. In a memo to staff, the investment bank said: “We recognise [...]
London recovery: West End busier than week before as shoppers get into Christmas spirit November 22, 2021 Central London was busier last week than the previous week, as shoppers got into the festive spirit. Shopping destinations including Oxford Street and Regent Street saw an 8.3 per cent boost to footfall, in the week beginning 14 November. In a further endorsement for the City’s rebound, London’s office hubs were also busier than the [...]
