Relaxation of Indian listing regime to boost flotations on London markets August 25, 2021 Flotations on London markets are set to rise sharply, driven by a flood of Indian companies listing in the capital, according to the chief of a leading Indian investment firm. JPIN VCATS’ founder, Nayan Gala, expects India’s booming startup scene to take advantage of a relaxation to the country’s overseas listing rules. “The UK will [...]
Delta Air Lines to impose $200 monthly levy on unvaccinated staff August 25, 2021 Delta Air Lines will charge employees an extra $200 a month for their corporate healthcare plan if they refuse to take a Covid vaccine, it announced today. The airline’s chief, Ed Bastian, said the additional cost was necessary to insure against the financial risks of being responsible for unvaccinated staff. Bastian pointed to the $50,000 [...]
Global corporate profits expected to fall eight per cent after record quarter August 25, 2021 Global corporate profits are set to fall for the first time in 18 months after a record second quarter, as a rise in the Delta variant has increased labour costs while squeezing supply chains, according to calculations by Reuters. Although huge stimulus packages helped to underpin economic recoveries while the easing of pandemic restrictions resulted [...]
Cazoo goes public: Will it be a hat-trick of triumphs for Alex Chesterman? August 25, 2021 For some petrolheads, how quickly a car can go from nought to 60 miles per hour is a good indication of its quality. If one were to measure Cazoo on a similar scale, the results would be somewhere off the speedometer. On Friday the used car marketplace will go public in New York in a [...]
Cazoo goes public: Will it be a hattrick of triumphs for Alex Chesterman? : CityAM August 25, 2021 For some petrolheads, how quickly a car can go from nought to 60 miles per hour is a good indication of its quality. If one were to measure Cazoo on a similar scale, the results would be somewhere off the speedometer. Also Read: Cazoo sees revenue grow sevenfold as New York listing nears On Friday [...]
How to share a glass of pet-friendly plonk with your cat or dog August 25, 2021 Always a nation of cat and dog lovers, lockdown has made many of us absolutely barking when it comes to our pets. If on any of those long, lonely isolation nights you wished you could share a nice glass of Riesling with Rover or a Frascati with Felix, those prayers have, somehow, been answered. food In [...]
Afghanistan: Former central bank boss warns Taliban have ‘less than a week’ of financial coverage August 25, 2021 Following its takeover by the Taliban, Afghanistan and its capital Kabul have been left in chaos – with thousands attempting to flee the country while its economic climate becomes increasingly dire. An eyewatering amount of capital has been snatched from the hands of the Taliban as countries like the US, Germany and other foreign fiscal [...]
Citigroup to increase crypto exposure with bitcoin futures trading August 25, 2021 Citigroup, one of the world’s largest currency trading banks, is awaiting regulatory approval to begin trading bitcoin futures. The bank confirmed it is looking to increase its clients’ crypto exposure by trading bitcoin futures contracts on the Chicago Mercantile Exchange (CME), a popular forum for digital asset trading among institutional investors. Futures trading allows investors [...]
Local councils in Britain staring into £3.1bn funding blackhole August 25, 2021 Local councils in Britain will look to scrap projects and essential services as they grapple with a combined £3.1bn funding blackhole. Councils across England, Wales and Scotland face record financial shortfall in 2022/23 which will likely will lead to huge service and staff cuts at local authorities unless the government urgently finds the money to protect communities, the Unison union [...]
Venues ‘far from out of the woods’ on pingdemic August 25, 2021 The hospitality sector has called on ministers to “move more quickly” to resolve staffing issues. Major food operations including McDonald’s, Nandos and Greggs have been forced to shut venues or take popular items off menus amid a shortage of delivery drivers. What’s more, trade body UKHospitality has said pubs and restaurants are still being impacted [...]
