CDR agrees pensions deal with Morrisons as takeover nears September 14, 2021 Private equity house Clayton, Dubilier & Rice (CDR) looks to have shored up its grip on takeover target Morrisons after coming to an agreement with trustees over the supermarket’s pension schemes. The supermarket has been at the heart of a bidding war between CDR and fellow private equity firm Fortress, with the former agreeing a £7bn [...]
Fake news: Walmart confirms it is not partnering with Litecoin September 14, 2021 The price of Litecoin soared 34 per cent in a matter of hours before crashing down to Earth when news of a partnership with Walmart turned out to be false. Yesterday, a press release distributed by GlobeNewswire, which was reported on in Reuters, Bloomberg News and CNBC, claimed that Walmart would accept Litecoin payments in [...]
Johnson: Booster Covid-19 jabs for over 50s ‘going ahead’ September 14, 2021 A third booster jab is to be offered to over 50s in the upcoming months, prime minister Boris Johnson confirmed last night. It is expected that all over 50s will be offered a third Pfizer/BioNTech jab at least six months after their second dose, beginning with those over the age of 70 and the most [...]
Vodafone: We need to focus on the tech we already have to tackle climate change rather than gambling our future on innovation September 14, 2021 The United Nations Climate Change conference – better known as COP26 – has forced us all to keep climate change at the front of mind. The world is awash with public and corporate pledges to be net zero. But in order to do this in a fair and equitable way, there will need to be [...]
Britain must be alive to the threat of Chinese influence in our universities September 14, 2021 Last year, Downing Street U-turned on a decision to grant Chinese state-backed telecomms giant Huawei even “non-core” access to Britain’s 5G famework. The threat of influence or privacy invasion was deemed to be too high a price to pay. Not so for Cambridge University it seems. Yesterday, it was revealed that three out of the [...]
James Barbour CA on the seven essential elements for corporate reform September 14, 2021 From the outset of the calls for audit reform, ICAS has advocated a holistic review of corporate governance, reporting and audit (“the corporate ecosystem”). This article first appeared in ICAS’ CA magazine. We therefore see the recent consultation by the Department for Business, Energy and Industrial Strategy (BEIS), “Restoring trust in audit and corporate governance”, as [...]
FTSE 100 and 250 fall flat as mining stocks drag September 14, 2021 The FTSE is down 0.48 per cent today at 7,034.42, falling by 33 points compared to yesterday’s close as mining stocks spurred losses. Industrial and energy mining companies dragged the index down. Evraz is down 4.12 per cent, Anglo American PLC shed 3.1 per cent while mining giant BHP dropped 2.6 per cent. Amid continued [...]
Property: ‘Best market in two decades’ but lack of stock spooks sellers September 14, 2021 The property market is in the best shape to sell in more than two decades, OnTheMarket’s boss has said, but sellers are being spooked by the lack of stock and the rapid rate at which homes are being snapped up. Some 73 per cent of UK buyers felt confident that they would purchase a property [...]
Tesco launches zero-waste trials in stores September 13, 2021 Tesco has launched zero-waste shopping trials at ten stores where customers can buy goods in reusable packaging so they can be returned and used again, in partnership with Loop, a waste management company. Customers shopping in the ten Tesco stores, all in the east of England where the initiative is being tested, will be able to [...]
HubSpot to open first London office and triple its global workforce September 13, 2021 The software giant with a market capitalisation of £33bn will open its first-ever London office in October and begin a hiring spree, as it expands its UK market. The new office, located at Clerks Court on Farringdon Lane, marks what HubSpot called the start of a “nationwide talent drive” to recruit around 70 new hires [...]
