Ireland scraps low corporation tax to fall in line with global peers October 8, 2021 Ireland is set to hike its corporate tax rate from 12.5 per cent to 15 per cent, as the country signs up to a global tax reform for minimum rate internationals. Its low tax rate had previously drawn in tech giants like Apple and Facebook, who both centre their European operations there. The reform, finalised [...]
Elon Musk to move Tesla HQ from Silicon Valley to Texas October 8, 2021 Elon Musk has announced that Tesla is moving its headquarters from California’s Silicon Valley to Austin, Texas after 18 years in the Golden State. The move comes after Musk butted heads with Californian politicians earlier this year when he branded lockdown restrictions “fascist” after his factories were forced to close. While Silicon Valley is considered [...]
Uber showcases employees’ business ideas in Oxford Street pop-up – CityAM : CityAM October 8, 2021 Uber is launching a pop-up store on Oxford Street – London’s busiest shopping artery – to test some of the products and services designed by its drivers and couriers. Open throughout October, the store will be operate from Monday to Thursday, giving employees an opportunity to showcase their business ideas to the general public. The [...]
COP26: UK and global accountancy bodies aim for net zero emissions October 8, 2021 The UK professional body for accountants has joined global peers in making a public commitment to net zero emissions. The Institute of Chartered Accountants in England and Wales (ICAEW) yesterday announced it will sign a commitment to net zero emissions and create plans to achieve this, alongside a network of global accountancy bodies. The 13 [...]
FTSE 100 lifted slightly by travel stocks October 8, 2021 The FTSE 100 inched 0.3 per cent higher this morning, as travel stocks lifted the index after a hoard of destinations were taken off the red list. British-Airways owner ICAG, Whitbread and Ryanair gained between 0.5 per cent and 2.9 per cent. Though the FTSE 250 slipped 0.12 per cent dragged by fellow travel heavyweight TUI, which [...]
Starting salaries see biggest jump on record amid staff shortages October 8, 2021 UK employers are being hit hard by labour shortages giving new starters the upper hand when it comes to negotiating pay. A September survey by the Recruitment and Employment Commission (REC) found that nine in ten employers, some 88 per cent, said their biggest concern for the rest of the year was labour shortages. Amid [...]
Is bling out? What Chinese “common prosperity” means for luxury goods October 8, 2021 Evergrande Group will not have helped to calm the nerves of investors in European luxury goods companies. They’ve viewed recent developments in China with some trepidation. The difficulties facing the country’s second largest property developer (by sales) add to a checklist of concerns. These concerns include a slowdown in economic activity (for background, see: China: what [...]
Worker shortages threaten to derail London recovery October 8, 2021 LONDON is among the worst areas in the country being plagued by worker shortages. The volume of part-time workers available for work across the capital plunged at its quickest pace since records began, according to research by the Recruitment and Employment Confederation and KPMG. A paucity of overseas talent and workers who were previously in [...]
Ollie Phillips: Quins are tough to beat when they’re on a roll October 8, 2021 Harlequins and Bristol love playing expansive, broken-field rugby but I think the Bears will continue their rocky start when the teams meet tonight. Last year’s Premiership semi-final between the two sides was the best game of the season, and definitely the best comeback I’ve seen in my life. Quins and Bristol specialised in chucking the [...]
Home working prompts Brewin Dolphin to abandon HQ relocation plans October 8, 2021 Wealth manager Brewin Dolphin has scrapped plans to move its headquarters into the City after more staff adopt flexible working. The company first announced plans to move its head office in November 2019, according to a statement published yesterday. Brewin Dolphin said the original plan, formulated two years ago, was to move from Smithfield Market [...]
