To level up, Boris Johnson needs to build homes in satellite towns May 12, 2021 A key priority for the government is to revive the fortunes of Britain’s old industrial towns. Boris Johnson promised to bring jobs and skills directly to these areas, so people no longer need to leave in order to prosper. The economic revival of regional cities in the past two decades or so has put even [...]
Creating a new Corporate Auditor profession May 12, 2021 ICAS has issued its Corporate Auditor report, setting out how Sir Donald Brydon’s recommendation to establish a Corporate Auditor profession could be implemented in practice. ICAS notes with interest the intention of BEIS, as proposed in its consultation paper ‘Restoring trust in audit and corporate governance’ (March 2021), to take forward the recommendation by Sir [...]
John McAfee close to bankruptcy as he fights crypto fraud charges May 12, 2021 Computing legend John McAfee is close to bankruptcy as he battles lawmakers from his cell in a Spanish prison, his wife has revealed.
Social media giants could face heavy fines for failing to protect users under new draft legislation May 12, 2021 Ofcom will be given the power to fine companies up to £18m or 10 per cent of annual global turnover for failing to comply with rules published today in a new draft online safety bill. The government has published a new draft bill that will see more stringent rules put in place around social [...]
London rents fall to most affordable level in a decade May 12, 2021 London rents have fallen to their most affordable level in a decade due to a drop off in demand during the pandemic. While demand has ticked up since lockdown restrictions have lifted – by seven per cent in inner London – affordability is running at a ten-year high. Rental prices in London are down 9.4 [...]
Brexit hit: City of London suffers £2.3 trillion derivatives loss in a single month May 11, 2021 The City of London suffered a loss of £2.3 trillion in a single month in its lucrative derivatives trading market, with Wall Street trading platforms the ones that benefitted. U.S. swap-execution facilities pulled in more trades across euros, pounds and dollars in March while London experienced an exodus compared to last July, while venues in [...]
Low-wage employers including Coca-Cola and Hilton hiked CEO pay during pandemic May 11, 2021 Over half of the 100 companies in the S&P 500 Index that pay out the lowest median wages increased CEO salaries last year, according to a report published today by the Institute for Policy Studies. The left-leaning policy group said 51 companies identified boosted chief executive pay by adjusting the rules for assessing executive performance [...]
Vote against Shell’s energy transition strategy, Pirc urges investors May 11, 2021 Shareholder advisory PIRC has recommended investors vote against Shell’s non-binding resolution on its energy transition strategy at its annual meeting next week. The Pensions & Investment Research Consultants (PIRC), a major proxy advisory, said Royal Dutch Shell’s strategy to cut emissions “does not seem to have a clear plan for the competitive aspects of the [...]
Manchester City crowned Premier League champions May 11, 2021 Manchester City were confirmed as Premier League champions with three games to spare after second-placed Manchester United lost 2-1 at home to Leicester City on Tuesday. Pep Guardiola’s City side, who missed the chance to seal the title when they were beaten 2-1 by Chelsea on Saturday, are 10 points clear of United, who also [...]
UEFA moves Champions League final from Istanbul to Porto May 11, 2021 UEFA has moved this month’s Champions League final between Manchester City and Chelsea from Istanbul to Porto, according to Turkish media reports on Tuesday. European football governing body declined to comment on the reports from the media outlets, which included television channel HaberTurk, while Turkish Football Federation officials were not immediately available for comment. Turkey [...]
