The CA Summit 2020: experts discussed the future of the City of London and trade negotiations between the US and UK August 25, 2021 Ahead of CA Summit 2021, revisit the Learn Chapter of last year’s event which saw experts discuss key issues business professionals are facing, including the future of the City of London and trade negotiations between the US and UK. Book your place now for CA Summit 2021 The future of the City The COVID-19 pandemic [...]
IBM CEO: Accept the future of hybrid working and look at what needs to be done to retain company culture – CityAM : CityAM August 25, 2021 The measures taken to minimise the impact of the pandemic have upended some long-held certainties; none more widespread than the move to remote working. What was initially seen as a stopgap measure to maintain business continuity during lockdowns has quickly become an established part of the daily routine for employees. Digitisation is changing everything around [...]
Global markets rally as Fed taper fears ease August 24, 2021 Global markets rallied today, driven by expectations that the US Federal Reserve will outline its plan to rein in the wave of monetary stimulus unleashed in response to the Covid crisis at Jackson Hole this week receding. The blue-chip S&P 500 rose 0.29 per cent to 4,492.46 points in early afternoon trading, while the Dow [...]
Ailing subprime lender Amigo registers near sevenfold rise in losses August 24, 2021 Losses at subprime lender Amigo ballooned more than sevenfold over the last year as it contends with the swelling cost of repaying customers it misssold loans to. The guarantor lender’s losses before tax increased 648 per cent compared to the same period in 2020, rising to £283.6m from £37.9m. The widening losses were primarily driven [...]
Lawyers urge UK government to save Afghan judges and artists August 24, 2021 City law firm Bates Wells has urged the Home Office to urgently help lawyers, academics and activists in Afghanistan, as the crisis in the country continues. The firm called on the government to take on board recommendations made in a joint letter by the Immigration Law Practitioners Association (ILPA) and the Afghanistan and Central Asian [...]
Scottish Covid inquiry set to commence this year August 24, 2021 The Scottish Government has announced it will be launching its own inquiry into the handling of the Covid pandemic amidst pressure from grieving families. Today, Nicola Sturgeon confirmed that Scotland intends to hold its own judge-led inquiry into all matters concerning the pandemic, within the devolved competence of the Scottish government. This will include the [...]
British start up wins contract to develop EU blockchain capabilities August 24, 2021 A British startup has been chosen by the European Commission to help design and develop European blockchain capabilities. iov42, which builds blockchain-based identification tools, beat corporate giants including EY, Vodafone and Deloitte to become one of seven companies to secure an EU contract. The seven awards were collectively worth €6.2m (£5.31m). According to the European [...]
East Coast rail upgrade set for at least a year’s delay August 24, 2021 One of the biggest upgrades to the UK rail network in recent years will be delayed for at least a year due to the emergence of a number of issues. The £1.2bn East Coast upgrade, which will add nearly 40 services a day to the London-Edinburgh network, is due to open in May 2022. But [...]
Exclusive: The City’s IPO women on ‘the male-dominated, testosterone-driven culture’ August 24, 2021 When an investor attending a presentation at the RAF club asked Cath O’Neill if she could take his coat, she was bemused. A short while later the same investor apologised profusely, having realized he had mistaken the only female CEO for a member of the waiting staff. O’Neil, who was by then accustomed to being [...]
Ryanair on course to hit targets after strong August August 24, 2021 Ryanair boss Michael O’Leary today said that the budget airline was recovering at a faster rate than its European competitors after a surge in passenger numbers in August. The Irishman said that passenger numbers for this month were on track to hit 10.5m, up from 9.3m in July, and double the 5m the carrier flew [...]
