Bank of England’s MPC meeting: Who will take Haldane’s hawkish reins? August 3, 2021 A big hole has been left at the table of the latest round of the Bank of England’s monetary policy committee meetings – they are the first since chief economist Andy Haldane departed the Old Lady after over 30 years of service. Much of the focus on Thursday’s MPC policy announcements will be on whether [...]
British and Irish Lions: Warren Gatland rings the changes for decisive third and final Test in South Africa August 3, 2021 British and Irish Lions head coach Warren Gatland has made six changes for the third and final Test against South Africa on Saturday. Josh Adams will make his Lions Test debut on the right wing, replacing Anthony Watson who drops out of the squad altogether. Duhan van der Merwe keeps his spot on the other [...]
Jack Ma’s Ant Group emerges as a steady ship amid China’s tech crackdown August 3, 2021 Fintech giant Ant Group, the brainchild of Chinese billionaire Jack Ma, has emerged a steady ship in its first-quarter amid a rocky political climate in China. Revenue rose to $31.8bn in the three months ending 30 June, a little below analyst forecasts. Following intense scrutiny from local regulators, the Chinese fintech giant has shifted into [...]
Shapps ‘under fire for amber watch list plan’ August 3, 2021 Grant Shapps is under fire today after reports that it was the transport secretary who first came up with the government’s now-axed “amber watch list” travel plan. Under the “amber watch list” category, countries on the “amber list” could be designated as being at risk of moving to the “red list” at short notice. Holidaymakers [...]
Back to the office: Business groups echo Sunak’s concerns about young workers August 3, 2021 Business groups have echoed Rishi Sunak’s warning that “young people in particular” are missing out on “valuable” experience through remote working. In an interview with LinkedIn the Chancellor cautioned that remote working can be a poor substitute for in-person workplaces. His comments follow the decision to lift guidance to “work from home where possible” on [...]
Debate: Should London businesses be hiring from across the world to work remotely? August 3, 2021 As the capital gradually returns to the office, businesses are grappling with a new challenge in hiring. Many have become accustomed to remote working over the last year and are keen to access the most talented people from across the world in order to fill vacancies. Is it the right way forward? Callum Adamson and [...]
Hush Puppies owner Wolverine Worldwide snaps up Sweaty Betty for $410m August 3, 2021 Footwear giant Wolverine Worldwide has added the UK activewear brand Swear Betty into its portfolio after sealing a deal of $410m overnight. Wolverine Worldwide, behind footwear brands like Merrell, Saucony, Sperry and Hush Puppies, bought Swear Betty from consumer-focused private equity firm L Catterton. The deal was funded by cash and the company’s revolving line of credit. “Sweaty [...]
Covid related deaths at highest level since April August 3, 2021 Weekly deaths involving coronavirus in England and Wales have climbed to their highest level in three months. A total of 327 deaths registered in the week ending July 23 mentioned Covid-19 on the death certificate, up 50 per cent compared to the previous week according to the Office for National Statistics (ONS). Deaths reached their [...]
School’s out: Time to be a tourist in your City of Culture August 3, 2021 Summer in the City is the best time to dive into the rich and diverse cultural scene. Here’s our monthly round-up of all the best goings on. The LSO have a series of Summer Shorts on Friday mornings including 6 August Ayanna Witter-Johnson and the LSO Percussion Ensemble in the Jerwood Hall, LSO St Luke’s [...]
PepsiCo to sell Tropicana and Naked juice brands for $3.3bn August 3, 2021 PepsiCo has announced it will sell a controlling stake in its Tropicana and Naked juice brands to private equity firm PAI Partners for $3.3bn. PepsiCo will retain a 39 per cent non-controlling interest in a newly formed joint venture while French firm PAI PAI will be the majority shareholder of the transferred business. PepsiCo will [...]
