Cressida Dick should go and her successor needs to jump-start the police force September 13, 2021 Even a palate jaded by the madness of modern Britain will have found piquancy in Dame Cressida Dick’s two year extension to her term as Commissioner of Police of the Metropolis. Dame Cressida will stay in his position until 2024. She has been the UK’s senior police officer since 2017, is the first woman to [...]
Flight to cities to boost London businesses’ profitability September 13, 2021 Changes to working patterns and companies flocking to cities as the spectre of Covid recedes will boost London businesses’ profitability, according to fresh analysis published today. Research conducted by accountancy firm KPMG shows an influx of new, fast growing businesses into the capital will drive productivity and overall profitability levels up in London. Office occupancy [...]
City of London Corporation: It’s time to get back to the office September 13, 2021 What have you missed the most? Your favourite lunchtime spot, taking in world class architecture on the morning commute or, perhaps, simply talking to colleagues in person rather than over a screen? For many City workers, it felt like the start of a new school term as they returned to Square Mile – in some [...]
Kape and ExpressVPN agree near $1bn deal after pandemic fuels cybersecurity demand September 13, 2021 Cybersecurity firm Kape has agreed to a nearly $1bn buyout of private network operate ExpressVPN ahead of a capital rally to help fund the deal. The deal, worth around $936m (£676m), should see the enlarged group’s annual revenue climb to as much as $624m next year. Kape is set to raise some $354m through [...]
FTSE 100 rebounds as easyJet nosedives September 13, 2021 London’s FTSE 100 index has climbed by 0.64 per cent today, up 45 points higher than the previous close at 7,074.07, after being boosted by financial stocks. Banking giants saw strong gains today with Lloyd’s Group up 2.6 per cent, Standard Chartered Bank lifted by 2.4 per cent and Barclays PLC climbing 2.2 per cent. Meanwhile, investment [...]
CBI warns of rising taxes and stagnant business investment under Boris Johnson September 13, 2021 One of the UK’s most influential business groups has cautioned Boris Johnson about recent tax rises, warning that he must concentrate more on stoking business investment post-Covid. CBI director-general Tony Danker will tomorrow tell the Alliance Manchester Business School that a “return to business as usual in our economic policy, at this unique moment in [...]
Liz Truss to speak to India commerce minister tomorrow about trade deal September 12, 2021 International trade secretary Liz Truss will meet her Indian counterpart tomorrow to outline the timetable for negotiations for a UK-India trade deal. Truss will meet with India’s minister for commerce and industry Piyush Goyal, after the consultation period for the UK-India deal finished on 31 August. The two sides are hoping to commence negotiations for [...]
US activist fund Causeway Capital builds major stake in WH Smith September 12, 2021 Activist US fund Causeway Capital has amassed a £178m stake in WH Smith as the retail giant tries to get back on its feet post-Covid. Causeway Capital, which is based in Los Angeles, this month increased its share in WH Smith to 9.05 per cent and is now the retail chain’s largest single shareholder. WH [...]
Ukraine set to become next country to make Bitcoin legal tender September 12, 2021 Expert says Ukraine is lining up to become the next country to adopt Bitcoin as legal tender.
Sir Keir Starmer to publish 14,000-word mission statement in leadership reset September 12, 2021 Sir Keir Starmer will publish a 14,000-word mission statement with the Fabian Society to signal a reset of his party leadership to Labour members. The essay, which has been confirmed by the historic Labour think tank, will come out just before the party’s conference at the end of this month and will attempt to silence [...]
