Nyck de Vries wins Formula E drivers’ championship August 16, 2021 Mercedes-EQ driver Nyck de Vries won his maiden Formula E world championship on Sunday after finishing eighth in the final race in Berlin. De Vries benefited from three of his rivals failing to finish: Jaguar driver Mitch Evans experienced a technical failure on the grid, Rokit Venturi’s Edoardo crashed into him and later British driver [...]
HSBC buy Axa’s Singapore operations in bid to boost Asia fee income August 16, 2021 HSBC has agreed to acquire Axa’s Singapore operations in a bid to boost its fee incomes in the Asia market. HSBC said in a statement that the combined unit comprising HSBC Life Singapore and Axa Singapore would be the seventh-largest life insurer and the fourth-largest retail health insurer in Singapore. HSBC currently ranks 10th in [...]
London revealed as best European city for runners August 16, 2021 London has been named the best city in Europe to run in after a study found its conditions to be the best for a metropolitan jog. Sportswear brand Puma measured the cities’ suitability using a number of factors, including air pollution, temperature, congestion, the number of running clubs, quality of water and elevation. The team [...]
Big Four refuse to back government plan to break dominance of audit market August 16, 2021 The UK’s Big Four accountancy firms have refused to back a government scheme that would see them share audit work with smaller firms. Last month, Deloitte, EY and PwC said they did not support the government’s proposal for “managed shared audits” of large listed companies. The Financial Times has reported that the other Big Four [...]
Grave impact of pandemic on English football laid bare by report but US investor appetite grows August 12, 2021 A report published by accountancy firm BDO has displayed the impact of the Covid-19 pandemic on English football clubs. The BDO report, which surveyed the finance directors from the top four leagues, found that more than 80 per cent of clubs accessed the furlough scheme, while 70 per cent deferred tax payments. The impact of [...]
Admiral posts strong half-year results as pre-tax profit jumps 76 per cent August 11, 2021 Admiral has posted strong half-year results for the period up to the 30 June 2021 as their decision to adjust pricing on pandemic-related claims looks to have paid off. The insurance company saw its pre-tax profit jump by 76 per cent, from £274.4m this time last year to £482.2m for the six months to 30 [...]
Goodwin see positive final results despite the placement of large capital projects slowing August 11, 2021 Goodwin PLC has posted strong final year results as the impact of the pandemic on the firm appears to have been abated. The pre-tax profit for the engineering company saw an increase from £12.1m to £16.5m for the year up to the 30 April 2021. That was despite a slow down in capital building projects, [...]
Delivery Hero to expand in Germany after Deliveroo investment August 10, 2021 Berlin-based company Delivery Hero has announced that it is to rollout its food and grocery delivery services in more German cities this autumn. The move comes after it announced buying a 5.9 per cent stake in rival delivery company Deliveroo. Delivery Hero was originally founded in Berlin a decade ago, but three years ago ceased [...]
Cabinet ministers plan big push to get civil servants back to Whitehall August 9, 2021 Cabinet ministers are planning a big drive to get civil servants back to the office after concerns grow regarding the lack of staff at desks. Senior cabinet ministers have expressed their concern at the number of those still working from home, with one telling The Times that career prospects should be mentioned in the drive [...]
Vanguard’s US staff get $1,000 vaccine bonus: Will it come to the UK? August 5, 2021 Vanguard is to pay $1,000 to each of its 16,500 US staff should they prove they are fully vaccinated by October. The bonus includes those who were jabbed prior to the company making the generous offer. However, the offer will not be extended to employees of the asset management firm in Europe, it was announced. [...]