‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Lorry driver shortage ‘could hit Black Friday and Christmas’ July 27, 2021 A senior executive at one of the UK’s largest logistics companies has warned that supply chains are facing six to 12 months of pressure due to the current shortage of lorry drivers. Ian Keilty, chief operating officer at FTSE firm Wincanton, said that both Black Friday and Christmas shopping could be hampered by the shortfall. [...]
Sadiq Khan convenes roundtable in response to London flooding July 27, 2021 The mayor of London, Sadiq Khan, will sit down with key partners from TFL, the London fire brigade, water companies, London councils and the Environment agency today to discuss recent flooding incidents in the capital Impact reduction and future flood prevention measures are the key focus. Recent flash floods have brought life to a standstill [...]
First person found guilty under Hong Kong’s controversial security law July 27, 2021 The first person charged under Hong Kong’s controversial national security law could face life in prison after three judges found Tong Ying-kit guilty of inciting secession and terrorism charges on Tuesday. The landmark ruling, which came 13 months after the law imposed by Beijing, has marked implications on how the legislation reshapes Hong Kong’s common [...]
Mirror publisher Reach restores dividend amid digital push July 27, 2021 Newspaper publisher Reach today restored its dividend after strong growth in its digital offering helped drive the group’s recovery after a torrid pandemic year. Reach, which owns the Mirror and Express as well as a number of regional titles, posted a four per cent rise in revenue to £302.3m in the six months to 27 [...]
Moonpig more than doubles revenue as lockdown delivers trading boom July 27, 2021 Online card retailer Moonpig has more than doubled its revenue in its first annual results since a bumper London stock market float earlier this year. The greetings card specialist posted revenue of £368.2m in the year to the end of April, a huge jump from the £173.1m recorded in the previous year. Reported pre-tax profit [...]
EP: 74 Glorious Goodwood – Tuesday July 27, 2021 One of the most picturesque racecourses stages first class racing this week with the start of glorious Goodwood. The Gold Cup sees the return of the champion stayer Stradivarius for owner Bjorn Nielsen in the Group 1 contest. City A.M. racing editor Bill Esdaile is joined by Jamie Hart from the Tote as we look [...]
PwC sued by racing car dealer for failing to spot alleged fraud July 27, 2021 PwC has been sued by the administrators of JD Classics, a racing car dealership, for allegedly failing to to spot fraud resulting in losses of over £41m. The UK’s biggest accounting firm was accused by administrators from Alvarez & Marsal of being negligent in their handling of accounts between 2016 and 2017 according to the [...]
China is not the next superpower and we should stop fearing it July 27, 2021 Back in the 1980s many people expected Japan’s economy to overtake America’s. The world would see a new superpower. Today we hear the same said of China. Its GDP will be the world’s biggest and China will challenge the US for world leadership. China’s GDP may indeed make it to number one, but not GDP [...]
Recruitment drive lifts Robert Walters profits to first half record July 27, 2021 A resurgence in recruitment activity triggered by firms rapidly scaling staffing numbers after Covid restrictions were lifted has pushed first half profits to record levels at recruiter Robert Walters. The group registered a pre-tax profit of £22.1m in the first six months of 2021 compared with £4.2m for the same period a year earlier. Read [...]
Fears over Spain and Greece grow as holidaymakers await travel review July 27, 2021 There are growing concerns that Spain and Greece could be added to the government’s “amber plus” travel list in the coming days after a surge in Covid cases. Yesterday Number 10 has confirmed it will release a review this week into its traffic light system for international travel, with the status of vaccinated tourists to [...]
