BDO eases promotion pause and makes 20 new partners January 6, 2021 Some 20 employees at BDO have finally been promoted to partner at the firm, having had their promotions delayed for six months because of Covid-19. The new partners work across the audit firm’s tax, audit and advisory teams and their promotions are effective from 1 January. A total 470 staff that were due promotions in [...]
FTSE 100 roars to highest closing level since early March January 6, 2021 The FTSE 100 charged higher today as the blue-chip bourse closed at its highest levels since before the Covid-19 pandemic beared down on the UK in early March.
Pieces of A Woman review: The Crown’s Vanessa Kirby excels in harrowing drama January 6, 2021 The coming awards season sees a number of challenging subjects covered by contenders – civil rights abuse in Da 5 Bloods, Nomadland’s portrayal of a broken economy, and depictions of dementia in The Father and Supernova. This week’s drama Pieces of A Woman looks at an equally difficult topic, but one not often explored. Vanessa [...]
Brexit: BoE boss hits out at EU stance on equivalence for UK financial services January 6, 2021 Bank of England governor Andrew Bailey has slammed the EU for how it has handled decisions on the UK’s post-Brexit access to EU financial markets. Bailey told a Westminster committee today that Brussels’ demands to the UK Treasury on potential future regulatory decisions were “problematic”, before adding: “I fail to see why people would want [...]
Zurich offers staff 10-day ‘lockdown leave’ for frazzled parents January 6, 2021 Zurich is offering full time staff 10 extra days of paid leave for parents who face childcare emergencies in the wake of England’s third national lockdown. More than one in five of Zurich’s 4,500 UK employees with children will benefit from the extra time off, which can be taken in consecutive days or one at [...]
GB News promises ‘boldly different’ TV channel as it secures £60m funding January 6, 2021 An upcoming TV channel promising to shake up the rolling news market will start recruiting 120 journalists after sealing the final tranche of its £60m investment. GB News, which is spearheaded by Andrew Neil, today said it had secured backing from Dubai-based investment firm Legatum and hedge fund manager Sir Paul Marshall. The funding round, [...]
NYSE reverts to original plan to delist Chinese telecoms firm January 6, 2021 The New York Stock Exchange has announced it will move forward with plans to delist three Chinese telecoms giants just days after u-turning. The exchange will remove US-traded shares of China Telecom, China Mobile and China Unicom “to comply with US law,” it said on Wednesday. The NYSE originally announced its delisting plans last week [...]
Wework unsure over long-term liquidity due to how Covid-19 changed the way we work January 6, 2021 Flexible office space giant Wework has raised concerns over its long-term future after the Covid-19 pandemic sparked a dramatic shift to remote-working. The company said today that it has sufficient liquidity to “mitigate the near-term uncertainty associated with Covid-19”. However it said the key judgements in relation to approving the company’s accounts as a going [...]
Nightingale Hospital in London to open as mass vaccination centre January 6, 2021 The Nightingale Hospital at London’s Excel Centre will be used from Monday as a mass vaccination centre along with six other locations across the UK. NHS staff will be used to administer vaccines at the centre, with the government aiming to vaccinate the 13m people most at risk of dying from Covid by 15 February. [...]
Competition watchdog to probe Nvidia’s $40bn Arm takeover January 6, 2021 The UK competition watchdog has opened an investigation into Nvidia’s $40bn (£29bn) takeover of British chip designer Arm. The Competition and Markets Authority (CMA) today said it will look into whether the deal could lead to Arm withdraw, raising prices or reducing the quality of its services to Nvidia’s competitors. “The chip technology industry is [...]
