Businesses with diverse workforce reap 58 per cent higher revenue, study shows June 9, 2021 UK businesses who treat their employees equally, regardless of race, reported up to 58 per cent higher income than their counterparts, according to a new report released by Henley Business School. The new research highlighted that companies with targeted measures specifically aimed at supporting employees from ethnic minorities recorded better staff output and loyalty, as [...]
Mais Non: EU to drop English for French as ‘working language’ June 9, 2021 French will replace English as the European Union’s official ‘working language’ when France takes over the EU presidency in 2022, according to a senior diplomat. In its first presidency since Brexit, Emmanuel Macron’s government intends to push its native tongue as the “lingua franca” of Brussels, according to Politico. “Even if we admit that English [...]
Businesses struggle to develop staff remotely June 9, 2021 Over a third of businesses have struggled to train staff remotely during the global pandemic, a new survey suggests. The UK Government plans to remove restrictions so more people can return to the office from 21 June but the survey results suggest business leaders are still split over the future of working practices. Senior decision [...]
Judge orders Danish tax authority to foot £46m legal bills in failed litigation June 9, 2021 The Danish tax authority has been ordered to pay £46m in legal bills by a London court after its attempt to sue a British former hedge-fund investor failed. The Danish taxman put a $1.9bn (£1.5bn) fraud claim through the UK courts against Sanjay Shah and more than 100 other individuals and companies accusing them of [...]
Seven thousand Londoners download scooter app as trial launches June 8, 2021 Some 7,000 Londoners signed up for e-scooter operator Lime’s app over the weekend as the capital’s e-scooter trial kicked off in earnest. The largest micro mobility operator in the UK said they saw an average of at least three rides per each of their 200-strong fleet as Londoners to find and hire Lime e-scooters using [...]
Domestic M&A retreats in first quarter after dealmaking wave at the end of 2020 June 8, 2021 Domestic UK M&A fell in the first quarter of 2021 after a flurry of dealmaking towards the end of 2020. During the first quarter, domestic M&A – where UK companies acquire other UK companies – was worth £3.8bn, a decrease of £5.3bn from the previous quarter last year, according to figures published by the Office [...]
Rishi Sunak promises to protect the City from Brussels’ financial services bid June 8, 2021 Rishi Sunak, the Chancellor, promised that the City will remain “competitive and dynamic” even in the face of Brussels’ bid to unseat it from its crown, in a private call with banks. Sunak described the financial services industry as a “crown jewel” and, according to reports, said the country will fight to protect it. The [...]
Breakthrough saliva test detects Covid in 5 minutes May 28, 2021 Researchers in Australia have developed a new Covid-19 test which can give results in just five minutes. The prototype, which uses a portable instrument to detect the virus in saliva samples, has been developed by Monash University in Melbourne and the Peter Doherty Institute for Infection and Immunity. After patients dribble into a sterile container, [...]
Post-Brexit listing: Czech payment giant Eurowag planning £1.4bn IPO in London May 27, 2021 Private equity firm TA Associates is planning to list Czech Republic-based W.A.G. Payment Solutions, better known as Eurowag, on the London Stock Exchange, two sources told Reuters this evening. If the listing goes ahead, it would be seen by many as a reaffirmation of London’s attractiveness to European companies in the aftermath of Brexit. The [...]
Rolls-Royce newest convertible is picnic ready May 27, 2021 Rolls-Royce have released details of a new convertible which contains cocktail tables, fridges for champagne and a matching parasol – all custom made for a single, ultra-wealthy, individual. Named the ‘Boat Tail’, the rear of the car is shaped like a racing yacht. It was hand-built and took four years to make. Rolls-Royce have not [...]