Brexit: UK not expecting trade deal to be closed this week November 17, 2020 Boris Johnson is not expecting to close an EU trade deal this week, with the UK's Brexit negotiators aiming for a final breakthrough at some point next week.
Vaccine could accelerate the return to the office, survey finds November 17, 2020 News that a vaccine could be rolled out as early as next month has been hailed as transformative and could see a return to the offices sooner than most think. A survey of 700 UK employees by Publicis Sapient show 47 per cent of employees would feel more comfortable to get back to the office [...]
Evgeney Lebedev wine collection to go under the hammer November 17, 2020 Recently ennobled Evgeney Lebedev is selling part of his wine collection in an online auction. Lebedev, the politically connected socialite and son of a former KGB spy, whose elevation by Boris Johnson to the House of Lords drew accusations of cronyism earlier this year, built up a wine collection that demonstrates his love for rich and rare reds. It consists [...]
Watchdog lambasts accountants for ‘basic’ cash flow mistakes November 17, 2020 The Financial Report Council (FRC) has lambasted the accountancy industry for basic errors in cash flow statements. The watchdog said it continues to identify errors in cash flow statements, and as a result has published a review on the subject that examines many of the issues faced in their preparation, and provides information on how [...]
Intermediate Capital Group accelerates fundraising after ‘exceptional’ period November 17, 2020 Alternative fund manager Intermediate Capital Group has accelerated its fundraising timetable after an “exceptional” first half. ICG raised €2.6bn in the six months ended 30 September, resulting in assets under management (AUM) of €46.1bn and said it expects fundraising of €6bn for the full year. The firm, which invests in private debt, equity and infrastructure, [...]
UK and US sign aviation agreement to protect vital travel links November 17, 2020 The government has today signed a deal with the US ensuring that aviation links can continue unchanged after 1 January. The new Air Services Agreement will replace the existing EU-US deal, which will cease to apply to the UK deal when the Brexit transition period ends. The transatlantic air travel market is one of the [...]
Tesco, M&S and Sainsbury’s face allegations of worker exploitation in India November 17, 2020 UK retailers including Marks & Spencer (M&S), Tesco and Sainsbury’s are facing calls to apologise following allegations of worker exploitation in their supply chains. Supermarket supplier workers in India reportedly said they do not get toilet breaks or sufficient breaks to drink water or eat lunch. One member of staff told the BBC they were [...]
Online publishers curb revenue decline as pandemic drives up subscriptions November 17, 2020 Online publishers suffered a less steep decline in revenue than feared at the height of the coronavirus lockdown, as surging demand for news drove up subscriber numbers. Digital publishing revenue fell 14.3 per cent year on year to £96.6m in the second quarter — a smaller drop than anticipated. The fall was driven by lower [...]
BoE governor Andrew Bailey: Vaccine ‘a big step forward’ for UK economy November 17, 2020 Bank of England governor Andrew Bailey has called the development of seemingly effective coronavirus vaccines “a big step forward” for the economy that could help lower uncertainty and get firms investing again. Speaking at lobby group The City UK’s conference, Bailey said both coronavirus and Brexit had “increased uncertainty” and “restrained investment”. He also said [...]
Watch it grow November 17, 2020 Beating Congestion Bitcoin continued to edge higher, making steady progress through the congestion area between $16,100-17,150. The risk on sentiment shows no sign of abating and the trend higher is therefore expected to remain in place. With that in mind, the aggregate open interest (OI) rose yet again to a new record high and continuing [...]
