Opinion-in-brief: London investors need to broaden their horizons October 7, 2021 Britain has a world reputation for innovation and industry, founded on capabilities and expertise across its regions. London is the political and financial centre of the country, but whether it’s media in Manchester, or motorsport in the Midlands, the regions host many world-leading businesses. Venture capital has a key role to play in realising opportunities [...]
How London Marathon Events has adapted to the pandemic October 7, 2021 This article first appeared in ICAS’ CA magazine. Stephen Dell CA tells Cherry Casey how London Marathon Events has adapted to the pandemic – and why its return to full strength means more than just one day’s race for glory. There are few one-day sporting events as iconic as the London Marathon. Created in 1981 by [...]
IFS: Council tax hike is looming over Brits October 7, 2021 Brits are facing the prospect of further tax hikes down the line that will intensify the cost of living crisis already squeezing household finances. Council tax could have to rise by as much as five percentage points per year for the next three years, according to the economic think tank the Institute for Fiscal Studies [...]
CMA closes investigation into Ryanair and British Airways October 7, 2021 The UK’s competition watchdog has closed an investigation into the legality of airlines failing to refund passengers who were prevented from flying by Covid restrictions. The Competition and Markets Authority (CMA) launched an investigation in June 2021 after British Airways offered customers vouchers or rebooking and Ryanair provided the option to rebook flights which could [...]
CMC snaps up over 500,000 share investing clients, pocketing assets of around £24bn October 7, 2021 Client assets under management remain at near record levels at online trading platform CMC, as it snaps up over 500,000 share investing clients from ANZ. The B2B platform acquired the shares in September, which brought an end to the existing white label partnership. CEO Lord Cruddas said: “We closed the first six months with a [...]
Robert Walters’s profit powered by hot job market and post-pandemic boom October 7, 2021 A hot job market and post-pandemic boom have helped Robert Walters to report a profit which exceeded expectations. Robert Walters reported a gross profit of £91.8m during the third quarter, an increase of 26% from the same time last year. The recruitment firm reported a 26 per cent year-on-year gross profit up from £72.8m from [...]
Shell earnings to take a $400m hit from Hurricane Ida October 7, 2021 Shell has revealed the severe impact of hurricane Ida on the company’s production of oil and chemicals in a Q3 trading update. In a statement, Shell said adjusted earnings from oil products are expected to drop by between $50m and $100m as a result of the storm. Adjusted earnings from chemical production are likely to [...]
Tesco hands out £193m to investors to settle accounting scandal October 7, 2021 Tesco has handed out £193m to settle an accounting scandal from seven years ago, a larger figure than it received from the UK’s fraud watchdog. The country’s largest supermarket confirmed that it had settled claims from investors with two law firms that had brought legal proceedings against it last September. The investors include Allianz, Russell [...]
No Pac-Man in Paris, but does esports really need the Olympics? October 7, 2021 Only four years ago, esports looked destined to be included as exhibition events at the Paris 2024 Olympics, en route to full medal inclusion at Los Angeles 2028. But the pandemic took the momentum out of their advocates’ lobbying and the success of the new sports showcased at Tokyo appears to have put paid to [...]
UK house prices jump 7.4 per cent in a year October 7, 2021 Buying a home costs an average of 7.4 per cent more than it did a year ago with monthly prices rising at the highest rate for over a decade. In September the average UK home cost £267,587, up from £249,122 a year ago and a jump of 1.7 per cent compared to the previous month, [...]
