Childcare and chores leave professional women burned out during pandemic May 19, 2021 Female professionals in the UK have suffered a huge hit to their work-life balance during the pandemic, with many feeling burned out after juggling childcare, housework and heavy workloads for the last year. Research by Deloitte quizzed 5,000 women in 10 countries, including 500 white-collar women in the UK, and found the pandemic and subsequent [...]
Investor confidence booms for UK and European markets May 19, 2021 Investor confidence has risen for both UK and European markets, with the accelerated roll out of vaccines likely to be driving the renewed optimism. Investor confidence in the UK rose another four per cent to a record high for the year, while confidence in Europe is up 28 per cent compared with April 2021, according [...]
ABI director general to take up partner role at KPMG May 19, 2021 Huw Evans, director general at the Association of British Insurers (ABI), will join KPMG as a partner next January in the Big Four firm’s insurance and long-term savings division. Evans had been director general at the ABI for more than six years, during which he represented the insurance industry through Brexit, Solvency II implementation, pension [...]
Funding Circle revises up earnings expectations May 19, 2021 Funding platform Funding Circle has revised up its earnings estimates after its involvement with the Covid support scheme gave a boost to the business. In a market update today, the group said it now expects its H1 2021 total income to be no lower than £120m and AEBITDA to be no lower than £40m [...]
Boris Johnson backs Australia free trade deal despite farmers’ fears May 19, 2021 Boris Johnson believes Australia should be offered a free trade deal with the UK, despite fears domestic farmers could be hit by price competition from overseas. Johnson will back plans to offer Australian agricultural exporters the same zero-tariff, zero-quota terms as those enjoyed by the European Union. There has been backlash from the UK’s National [...]
Carillion liquidators secure funding to take KPMG to court for audit failures May 19, 2021 Carillion’s liquidators have secured a £250m funding deal with a litigation funder to take KPMG to court for audit failures. Litigation Capital Management (LCM) will fund a claim against the Big Four firm in the Commercial Court of the High Court. Carillion’s liquidators are taking KPMG to court for perceived audit failures, resulting in losses [...]
Listed law firm Knights revises up earnings forecasts May 19, 2021 Knights expects revenue for its full 2021 financial year to be ahead of market expectations, after a year of growth at the firm. In a market update today, the listed law firm said it anticipates revenue for the full year to be in excess of the £100.8m market consensus, representing a minimum increase of 36 [...]
Creativity in the kitchen drives ‘outstanding’ year at Premier Foods May 19, 2021 Creativity in the kitchen drives 'outstanding' year at Premier Foods
Mitchells & Butlers suffers £200m loss as lockdown restrictions strangle pub group May 19, 2021 Sales at Mitchells & Butlers tumbled 79 per cent in the six months to 10 April, as coronavirus-led restrictions decimated operations at the pub group. The group, which owns Toby Carvery and All Bar One, recorded a loss before tax of £200m in the first half of its financial year. Revenue at the business fell [...]
Good score: Experian posts £1.18bn profit despite ‘external shocks’ May 19, 2021 Good score: Experian posts £1.18bn profit despite 'external shocks'
