London landlord Great Portland Estates confident capital will bounce back after Covid January 14, 2021 London commercial landlord Great Portland Estates reported that tenants have struggled to pay their rent due to the impact of lockdown measures on trading, but said the Covid-19 vaccination programme is the light at the end of the tunnel. December quarter rent collection was ahead of September levels, with Great Portland Estates receiving 77 per [...]
Post-Brexit delays are ‘teething problems’, says minister January 14, 2021 Environmental secretary George Eustice told the House of Commons earlier today that post-Brexit customs delays, currently heavily impacting Scottish fishing exports, are only “teething problems”. Scottish First Minister Nicola Sturgeon called the backlog “shameful” on Twitter last night, in a push for compensation for Scottish fishermen. Eustice said that the government will ‘remain open’ to [...]
Trevor Steven: It’s time for Manchester United to cut loose and show they deserve to lead the Premier League January 14, 2021 When Liverpool and Manchester United meet it is always a massive fixture for both clubs and their fans. But this Sunday at Anfield the match will have wider significance, due to United and Liverpool being first and second in the Premier League. It’s strange. A few weeks ago, the only discussion around United concerned Ole [...]
EY gender pay gap shrinks as ethnicity pay gap widens January 14, 2021 Ernst & Young has reported a 32.4 per cent gender pay gap among its staff, as at April 2020, and a nearly 37 per cent ethnicity pay gap. EY UK chairman Hywel Ball said the gender pay gap at the Big Four firm had improved by 4.7 per cent in the last year, which was [...]
Lotus and Alpine to collaborate on electric sports car January 14, 2021 Lotus and Alpine will combine their expertise to build an EV sports car. The collaboration may also extend to Formula E and endurance racing.
Martin Gilbert snaps up stake in ESG boutique run by former colleague January 14, 2021 City veteran Martin Gilbert has bought a stake in his former Aberdeen Asset Management colleague’s ESG boutique, Alquity. Gilbert stood down from Standard Life Aberdeen in March 2019 to join challenger bank Revolut as its chairman, but he has started to move back into the wealth management space. The investor has taken on several board [...]
Britishvolt: The batterymaker leading the charge towards the 2030 diesel car ban January 14, 2021 2020 was a dire year for the UK car industry, but buried amid the reports of tumbling vehicle sales was one piece of promising news. For the first time ever, sales of electric vehicles comprised 10 per cent of all new car sales, figures from auto body the Society for Motor Manufacturers and Traders (SMMT) [...]
EBRD invests record €11bn to combat Covid-19 pandemic January 14, 2021 The European Bank for Reconstruction and Development invested last year a record €11bn in response to the Covid-19 pandemic. The 2020 spending was administered through 411 projects which addressed the urgent needs of the 38 economies where it invests, according to a report released earlier today. The EBRD said it also supported a record of [...]
Liz Truss to meet with Joe Biden’s new trade team over US tariffs on Scotch whisky January 14, 2021 International trade secretary Liz Truss has told MPs today that she will meet with Joe Biden’s top trade negotiator in short time to discuss US tariffs on Scotch whisky. Speaking in the House of Commons, Truss said: “I have been clear with the United States and the European Union that we want to de-escalate this [...]
Primark expects £1bn sales hit due to lockdown store closures January 14, 2021 Associated British Foods (ABF), the owner of Primark, said the closure of the budget fashion chain’s stores had cost the company £540m in lost sales so far, warning the total could reach £1bn due to ongoing restrictions. ABF said the loss of sales due to temporary store closures will cost the firm £1.05bn if they [...]
