Slaughter and May partner helping government on Covid financing makes immediate exit November 19, 2020 Slaughter and May partner Oliver Storey has left the magic circle firm following an internal investigation by the firm. Storey has left the firm with immediate effect and the Solicitors Regulation Authority (SRC) has been notified. When a firm passes information to the SRC having completed an internal investigation, it is then the job of [...]
Data first: How tech startups build trust and tap investment November 19, 2020 When Phil Marshman set about launching his health startup Sentai this year he faced a challenge. For the serial entrepreneur, it was not the pandemic or the intricacies of artificial intelligence or even getting to market that posed a challenge, it was customer data. “For any product team you need to be data first… We [...]
Amazon ‘sacks dozens of staff’ on drone delivery programme November 19, 2020 Amazon has reportedly laid off dozens of employees working on its drone delivery programme as it looks to third-party firms to help kickstart its eagerly-awaited project. Staff in research and development and manufacturing have been made redundant after Amazon reached preliminary deals with two external companies to build component parts of its drones. Final terms [...]
Treasury launches listings review to lure companies to float in the UK November 19, 2020 The Treasury has today launched a review into the rules governing public listings in a bid to lure firms to float in the UK. Former British commissioner to the EU Lord Hill will lead the review which is aimed at helping to shape the UK’s financial services industry after Brexit. Lord Hill will present his [...]
One in seven UK companies at risk of collapse as recovery slows November 19, 2020 Around one in seven UK companies said they were at risk of collapse as the economy faces a tough winter with coronavirus cases still surging and an England-wide lockdown in place. The Office for National Statistics (ONS) said 14 per cent of UK companies reported having “low or no confidence” that they would survive the [...]
Thyssenkrupp to slash 5,000 more jobs as firm steels for more pain November 19, 2020 German industrial giant Thyssenkrupp will cut another 5,000 jobs after posting a massive €1.6bn loss in the last financial year. The latest round of cuts comes on top of 6,000 redundancies announced last year, meaning the conglomerate is axing a tenth of its 104,000-strong workforce in total. Chief executive Martina Merz warned that the company’s [...]
Brits more likely to get Covid-19 vaccine straight away than French or Americans, survey finds November 19, 2020 Around 39 per cent of Brits said they'd have the Covid-19 vaccine immediately, compared to just 14 per cent in France.
Investec reinstates dividend despite plunging profits November 19, 2020 Investec has reinstated its interim dividend even after a “difficult and volatile” year for markets which saw its profits plunge. The Anglo-South African firm declared an interim dividend of 5.5 pence per share, down from 11 pence. It halted dividend payouts on the guidance of UK and South African regulators amid the pandemic. Total operating [...]
Covid-19 vaccine refusers may face different life insurance policies November 19, 2020 Those who refuse to have the coronavirus vaccine, should one become widely available, could be offered different life insurance terms to those who have had the vaccine. Reassured director of corporate sales Phil Jeynes told City A.M. that the existence of a coronavirus vaccine could mean customers who have had the vaccine are offered different [...]
ECB’s Lagarde: EU must release Covid recovery funds ‘without delay’ November 19, 2020 European Central Bank (ECB) president Christine Lagarde has urged EU countries to solve their disagreements over the €750bn (£670bn) recovery fund, amid fears that delays could damage economies facing a tough winter of rising coronavirus cases. Lagarde told the European Parliament that the budget package – which amounts to around €1.8 trillion overall – “must [...]
