London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Goldman Sachs ‘to pay $2bn fine’ in US Justice Department 1MDB probe October 20, 2020 Goldman Sachs has reportedly struck a deal with the US Department of Justice to pay more than $2bn (£1.54bn) over its role in the Malaysian 1MDB scandal. The agreement will let Goldman Sachs dodge a criminal conviction, Bloomberg reported. The news outlet said the fine may be announced within days. The deal would bring to [...]
The future is female: COVID-19 fuels a surge in women entrepreneurs October 20, 2020 Amid all the tragedies of the pandemic, there has been one positive side effect: a global reset. A “pandemic pause” is giving the world the opportunity to reflect and recalibrate on such causes as diversity and the environment. We saw clear skies during lockdowns, and are asking how to make those permanent. #BLM is everywhere. [...]
Housebuilder Bellway restarts dividend as new orders jump October 20, 2020 UK housebuilder Bellway has resumed the payment of its dividend after the recent surge in housing market activity helped push up forward orders by 43 per cent. The group reported that pre-tax profit fell to £236.7 in the year ended July. That compared to £662.6 a year earlier. However, the future is looking brighter amid [...]
Co-op Bank appoints finance boss as sixth chief executive in a decade October 20, 2020 The Co-op bank has named finance boss Nick Slape as its new chief after Andrew Bester announced his departure just two years into the role. Slape, who will step up as chief executive on 31 October, will be the bank’s sixth boss in a decade after years of controversy. His appointment comes after the shock [...]
Trainline chief executive Clare Gilmartin steps down October 20, 2020 Rail ticketing firm Trainline (TRN) has today announced its chief executive Clare Gilmartin will stand down at the end of February. She will be replaced by current chief operating officer Jody Ford, who was previously chief executive of Photobox. “The decision to step down next year is a personal one; after seven years at the [...]
The Banking Dilemma: Do we really want Big Tech to control our financial data? October 20, 2020 “If something is a tool, it is genuinely just sitting there, waiting patiently. If something is not a tool it’s demanding things from you… seducing… manipulating; it wants things from you.” This damning indictment of social media platforms is one of many from industry insiders featured in the latest must-watch Netflix documentary, The Social Dilemma. [...]
Energy price cap extended for a year protecting 11m households October 20, 2020 About 11m UK households will be protected from being overcharged for their energy bills for another year after the government decided to extend its price cap. The cap, which saves households on standard variable and default tariffs between £75 and £100 every year, will now last until the end of 2021. Since it was first [...]
Exclusive: South London boroughs lead house price charge October 20, 2020 The south London boroughs of Merton, Croydon and Kingston saw the fastest house price growth in the year to August as the capital’s property market remained surprisingly buoyant, according to exclusive analysis by property website Zoopla for City A.M. Price growth was much slower up in Hillingdon, Barnet and Brent, however, reflecting big differences within [...]
Zoom and Instagram brand values jump as tech firms get Covid-19 boost October 20, 2020 Zoom, Instagram and Youtube have all swept into the rankings of the world’s 100 most valuable brands for the first time this year as the pandemic sparked a major boost for tech companies. Social media and streaming companies have enjoyed booming demand as millions of people have been forced to stay at home during the [...]
ITV to launch streaming unit and cut London office space in restructuring plan October 20, 2020 ITV is set to launch a new business division focused on streaming and reduce its London office space as part of a restructuring plan aimed at overhauling its business for the on-demand age. The public service broadcaster will establish a new on-demand unit dedicated to ITV Hub and Britbox, its joint streaming service with the [...]
