Mitie profit slips a third ahead of Interserve merger November 19, 2020 Outsourcer Mitie said that profit had fallen over a third in the first half of the year due to a loss of revenue from high margin contracts impacted by coronavirus. Profit at the London-listed firm slipped 35 per cent from £33m to £21.5m, with revenue also declining 9.8 per cent to £972m. As a result, [...]
TODAY: Boris Johnson to unveil largest military spending increase in decades November 19, 2020 Boris Johnson will today announce he is tripling a planned increase of the country’s military budget in what will be the largest defence investment in decades. The government will spend an extra £16.5bn on the UK’s military over the next four years, which will take the total increase over this time period to about £24.1bn. [...]
CMC Markets posts record results as pandemic fuels trading activity November 19, 2020 CMC Markets enjoyed a bumper start to the year after more than doubling its income in the first half, capitalising on market volatility amid the pandemic. The trading platform reported a record £230.9m in net operating income for the six months ended 30 September, up from £102.3m in the same period last year. CMC, whose [...]
Asian stocks mixed as investors weigh ‘virus vs. vaccine’ November 19, 2020 Asian stocks were mixed as investors weighed up rising coronavirus cases and new measures to curb them with hopes that a vaccine could soon be ready. Equities fell in Japan by 0.5 per cent after Tokyo warned about a record rise in daily coronavirus cases. The warning prompted fears that further restrictions could soon be [...]
Cut Covid counterfeiters out of your supply chain November 19, 2020 From international travel restrictions to physical distancing measures in factories across the globe, the Covid-19 pandemic has placed enormous pressure on the supply chains on which we depend. But logistics are not the only challenge. Counterfeiters are taking advantage of this time of heightened vulnerabilities, and risk polluting a brand’s stock and reputation. Now more [...]
How to think long-term when your shareholders won’t let you November 19, 2020 Before the Covid-19 pandemic, my team conducted a study amongst nearly 700 business leaders across the US and Europe. The results uncovered that 76 per cent of chief executives think businesses need to shift focus from short-term profit delivery to long-term value creation. But so far less than five per cent have made that shift. [...]
The British government must take a stand for freedom and democracy in Hong Kong November 19, 2020 The Chinese government’s disdain for what it calls “western values” is well-known. The one-party state has been ruled by the Chinese Communist Party for decades, and its litany of human rights abuses is long — and, sadly, growing. One of the few outposts of democracy has been in Hong Kong. But no more. Last week’s [...]
In harm’s way? The government’s plan to protect us online could break the internet November 19, 2020 In the coming days, it is likely that the government will signal the direction it plans to take on its journey to enhance the regulatory framework for content on the internet. As we wait to assess the details in the final response to the Online Harms White Paper, it is important to take a step [...]
Pace of foreign investment into UK to slow in next 12 months November 19, 2020 Fewer companies are planning to invest in the UK in the next 12 months than were planning to do so back in April, new data has revealed. Accountant EY’s UK Attractiveness Survey shows that the proportion of companies planning such investment has fallen from 10-year highs of 31 per cent in the spring to 25 [...]
The City View podcast, from City A.M., with Adam Byatt November 18, 2020 The City View: Michelin-starred chef Adam Byatt on how hospitality became a scapegoat Subscribe to The City View Podcast: Apple / Google / Spotify / RSSIn this episode Christian talks to Adam Byatt, the Michelin-starred proprietor of Trinity in Clapham, about how the pandemic has inflicted huge pain on the hospitality sector and why he feels it was made a scapegoat ahead of [...]
