S4 Capital snaps up Salesforce specialist Destined July 26, 2021 S4 Capital has snapped up a marketing firm specialising in Salesforce as Sir Martin Sorrell’s ad firm targets further expansion in the aftermath of the pandemic. The London-listed company said it will merge with Australia-based Destined with its data division Mightyhive in a bid to bolster its presence in Asia Pacific. Destined, which is a [...]
Tencent shares fall after Beijing orders end to exclusive music rights deals July 26, 2021 Shares in Tencent have fallen after China ordered the company to end exclusive music licensing agreements with record labels across the world. The move is said to be aimed at tackling the technology giant’s dominance of online streaming in the country. They must cease engaging in any of these deals in the future and any [...]
Credit Suisse settles spying case with former executive banker July 26, 2021 Credit Suisse has reached an out-of-court settlement with its former star banker Iqbal Khan whose explosive allegations of corporate espionage led to the resignation of chief executive Tidjane Thiam, the Swiss bank said on Sunday. “All involved parties have agreed to settle,” said Credit Suisse, according to the Financial Times. “This matter is now closed.” The [...]
Covid recovery pays dividends for UK plc July 26, 2021 UK plc has bounced back from the worst of the Covid crisis and is sharing the proceeds with investors, according to new figures released today. Dividends distributed by UK companies surged 51.2 per cent annually to reach £25.7bn in the second quarter of this year, according to the latest UK Dividend Monitor from Link Group. [...]
Cop26 is our last chance to tackle climate change as extreme weather takes hold July 26, 2021 With less than 100 days to go until the UN Climate Change Conference – also known as COP26 – kicks off in Glasgow, preparations are well underway for the most important summit since that held in Paris back in 2015. Expectations are high, and rightly so. After all, to quote Sir David Attenborough, this is [...]
Vaccine rollout and surging consumer spending to fuel fastest economic growth since WW2 July 26, 2021 The rapid rollout of Covid vaccines and a surge in consumer spending has prompted forecasters to improve their outlook for the UK economy. Forecasts published by EY Item Club predict that the UK economy will grow 7.6 per cent this year, the fastest pace of expansion since 1941. The recent burst in consumer spending triggered [...]
Cineworld faces legal challenge over alleged unpaid rent July 25, 2021 Cineworld is facing a £1m legal challenge over allegedly not paying rents for a Southampton site. Marina Developments, a developer based in Southampton, claims that Cineworld has not paid rents and other charges since last March. Cineworld was earlier ordered to pay rent to landlord AEW UK Core Property Fund after demanding a string of rental [...]
JD Wetherspoon boss Tim Martin hits out at Test and Trace app July 25, 2021 JD Wetherspoon chief Tim Martin has claimed the UK is being “laid to waste” by the Test and Trace app as one-in-eight of the pub chain’s staff are forced to self-isolate. Martin said 5,000 of his 40,000 staff were pinged by the app last week alone, causing labour shortages at some of the chain’s 925 [...]
Sajid Javid apologises for saying UK cannot ‘cower’ from Covid July 25, 2021 Sajid Javid has apologised for a tweet where he told people that the country cannot “cower” from Covid-19 anymore. Javid said that he was “expressing gratitude that the vaccines help us fight back as a society”, but that “it was a poor choice of word and I sincerely apologise”. The health secretary had tweeted yesterday [...]
