Remote working – striking a balance January 18, 2021 Presenteeism has long been associated with working life in the city, viewed by many employers and employees as essential for getting known and getting ahead. However, in response to the Covid 19 pandemic, businesses have had to cope with an abrupt move to mass remote working, in a way many never would have imagined feasible [...]
An increase in distressed investment expected January 18, 2021 In autumn 2020 we conducted our Restart Capital Survey of over 500 SME business and over 100 investors. There was a feared wave of corporate insolvencies with 35% of the business respondents expecting to be out of business within 12 months (and 43% of medium sized enterprises). 84% of the business respondents considered themselves distressed [...]
24-hour vaccination sites to be piloted in London by end of January January 18, 2021 Vaccination sites open 24 hours a day will be piloted in London by the end of January, as the government looks to speed up the UK’s vaccination progress against coronavirus. Speaking on Sky News this morning minister for vaccine deployment Nadhim Zahawi said the UK was vaccinating 140 people per minute on average. “You’ll see [...]
Greatest Day: One Media IP snaps up Take That producer royalties January 18, 2021 One Media IP Group has bought the producer royalties of a selection of tracks by pop group Take That from British producer Ian Levine. The Aim-listed company said the tracks included “A Million Love Songs” and “I Found Heaven” from Take That’s 1992 album for an undisclosed sum. The group has also bought the producer [...]
Samsung heir back in prison for bribery scandal January 18, 2021 Samsung heir Lee Jae Yong has been sentenced to two and a half years in prison by a high court in South Korea on Monday. Lee, 52, was found guilty of bribing an associate of former president Park Geun-hye and jailed for five years in 2017 but was released after 12 months. The Supreme Court [...]
Centrica’s finance chief steps down after seven months January 18, 2021 Centrica’s (CNA) chief financial officer will leave the firm at the end of the month after just seven months in the role. Johnathan Ford, who joined from Homeserve in June 2020, is stepping down for “personal reasons” and leaving Centrica on 31 January. Group financial controller Kate Ringrose has been promoted and will be appointed [...]
A million Vauxhall drivers may be in line for compensation following emissions test cheating claims January 18, 2021 More than a million Vauxhall drivers in the UK could be due compensation, following allegations the car manufacturer cheated emissions tests. Campaign group Vauxhall Pay Up, which launched today, claims the car company installed software on 600,000 vehicles to cheap emissions tests. Drivers who bought or leased Vauxhall cars between 2009 and 2019 could be [...]
Housing secretary upholds approval of £250m Richmond urban village January 18, 2021 The housing secretary has granted property developer Avanton the go-ahead for a new 453-home urban village in Richmond. Avanton acquired the site in 2018 but its planning permission was initially refused by Richmond Council the following year. Mayor of London Sadiq Khan intervened to grant permission in October 2020 after Avanton announced plans to make [...]
Dr Martens confirms plans to float on LSE January 18, 2021 Dr Martens has confirmed it intends to float on the main market of the London Stock Exchange, with admission currently expected in early February. The company intends to apply for admission of the shares to the premium listing segment of the Official List of the Financial Conduct Authority, and to trading on the London Stock [...]
House prices fall as sellers hope to beat tax deadline January 18, 2021 Average property prices fell by nearly £3,000 this month (-0.9 per cent) as sellers tried to temp buyers to squeeze in a sale before the end of the stamp duty holiday. Despite their efforts sellers are unlikely to beat the stamp duty deadline, according to Rightmove, as it typically takes more than four months to [...]
