KPMG UK puts a woman back in charge of its audit division May 7, 2021 Catherine Burnet has been made KPMG UK’s new head of audit, taking over from Jon Holt, who recently became chief executive at the Big Four firm. Burnet’s career with KPMG spans more than 25 years and has seen her as regional chair for Scotland, Edinburgh office senior partner and a lead partner on a number [...]
Twitter launches ‘tip jar’ to let users send money to favourite accounts May 7, 2021 Twitter has launched a new “tip jar” feature which will allow people to send money to others on the site. To begin with, only a select group of people will be able to receive tips, including journalists, experts and content creators. The social media giant says the feature is “an easy way to support the [...]
David Cameron and Lex Greensill to appear before MPs next week May 7, 2021 David Cameron and Lex Greensill will appear before MPs next week to answer questions on the collapse of the boutique bank of the same name amid a huge lobbying row. The former Prime Minister was an adviser to the firm, which provided supply chain financing to firms including billionaire industrialist Sanjeev Gupta’s GFG empire. In [...]
Wall Street opens higher after lacklustre jobs data May 7, 2021 Wall Street opened higher this afternoon, powered by gains for major tech stocks after new data showed US jobs growth fell well short of expectations. The Dow Jones opened 0.2 per cent higher, while the S&P 500 and Nasdaq were up more than 0.3 per cent and 0.7 per cent respectively. Highly valued tech stocks [...]
Liberty Steel was a distraction. There is a race for clean steel and Britain is losing May 7, 2021 The threat to Sanjeev Gupta’s Liberty Steel empire brought back an ancient debate. There were the predictable calls for the government to intervene, bail them out, save jobs, while ministers continue to try and keep the plants running. It is a familiar cycle of struggle and rescue. But the steel industry has one foot stuck [...]
US job growth crashes below expectations amid labour shortages May 7, 2021 US job growth was far slower than expected in April as labour shortages left employers scrambling to meet booming demand as coronavirus restrictions ease. Non-farm payrolls increased by just 266,000 jobs last month, well below estimates of 1m, according to figures from the Labor Department. It also marks a significant slowdown from the 770,000 jobs [...]
BoE does not expect wave of bankruptcies when Covid support measures end May 7, 2021 A tide of bankruptcies among UK firms is not expected when the government pulls its emergency Covid support measures like the furlough scheme later this year, BoE Chief Economist Andy Haldane has said. Many debts racked up recently by companies are spread over long durations “which increases the chances of them being able to be [...]
Activist investor sells stake in Barclays May 7, 2021 Activist investor Edward Bramson has sold his firm’s 6 per cent stake in Barclays, ending a three-year campaign against the bank. Since 2018, Bramson’s fund, Sherborne Investors, pressured Barclays CEO Jes Staley to scale back investment banking, and demanded his removal over his links to US financier and registered sex offender Jeffrey Epstein, but Bramson struggled [...]
What does your postcode say about your taste in wine? May 7, 2021 The most popular wine in north and east London this year was the Picpoul De Pinet, Réserve De La Roquemolière. In south and west London, it was Comte De Provence Rosé, La Vidaubanaise. According to on-demand delivery service Wineapp, East Londoners order 15 per cent more red than white wine. West Londoners order 30 per [...]
New Ferrari 812 Competizione is a Superfast… but faster May 7, 2021 Ferrari has revealed an even more powerful version of the 812 Superfast. The Competitzione develops 830hp and revs to 9,500rpm.
