Treasury Committee demands update on bank signature forgery allegations October 15, 2020 An influential committee of MPs have demanded an update from the City watchdog and National Crime Agency on their investigation into allegations of widespread signature forgery at British banks. The Treasury Select Committee first asked the Financial Conduct Authority and NCA to investigate allegations that banks used forged signatures on an industrial scale, leading to [...]
A lost generation of startups: are early-stage companies being left behind? October 15, 2020 Early-stage companies face a difficult winter ahead as barriers to funding increase and the number of failing tech startups soar. Last month saw a record number of filings for administrations, liquidations or dissolutions of the UK’s startups. Research by Plexal and Beauhurst published today reveals more than 1,000 tech startups have filed since the start [...]
Covid: EU chief Ursula von der Leyen forced to self-isolate October 15, 2020 European Commission President Ursula von der Leyen has been forced to leave a crunch EU leaders’ meeting to self-isolate, after a member of her front office tested positive for Covid. Von der Leyen said she had tested negative today, however would still self-isolate as a precautionary measure. It comes as the European Council began the [...]
Dame Sharon White: It is too early to predict the end of the high street October 15, 2020 Dame Sharon White has said it is too early to sound the death knell of the British high street even as she outlined further plans for the John Lewis partnership to move online. Speaking to the Times CEO summit, White said the “death knell for the High Street is rather premature”, just months after cutting [...]
Sport’s governance problem: Scandal beckons without more professionalism and transparency October 15, 2020 As recent headlines attest, serious problems of governance can be found all across the sports sector. Gathering extensive empirical research for our new book on the role of independent directors, we found problems with a lack of accountability, unclear governance and a lack of skills and experience to sort out the mess. We consulted directors [...]
US election: Kamala Harris suspends campaign as aide tests positive for Covid October 15, 2020 Joe Biden’s Vice President candidate Kamala Harris has suspended her campaign, after her communications chief today tested positive for Covid. Harris, a Senator from California, has cancelled campaign events until the end of the week as a precaution. The Democrats have been very cautious during the election campaign, deciding against having the traditional large scale [...]
London Tory MPs call for extra support for businesses facing Tier 2 restrictions October 15, 2020 A growing number of London’s Conservative MPs are calling for the government to extend more financial support to businesses dealing with Tier 2 restrictions as Boris Johnson faces a growing backbench rebellion. The capital will be moved into the Tier 2 Covid category on Saturday, meaning social mixing between households will be banned indoors. The [...]
Morgan Stanley profit jumps on strong trading performance October 15, 2020 Morgan Stanley posted a 25 per cent increase in third-quarter profit, closing a mixed Wall Street earnings season on a high. Lenders focused on trading have booked big gains for the quarter, while those with bigger retail operations have been hit harder by the coronavirus. Like fellow trading powerhouse Goldman Sachs, Morgan Stanley was able [...]
Virgin Atlantic launches new Manchester to India flights October 15, 2020 Virgin Atlantic will launch two new routes to India from its base at Manchester Airport in the coming months. The carrier will fly three times a week to Mumbai from December and begin twice weekly flights to Delhi in January. It already flies the the two cities from its base at Heathrow Airport. Juha Jarvinen, [...]
Brexit: No deal could ground UK-EU flights, Grant Shapps admits October 15, 2020 The transport secretary has admitted that a no-deal Brexit could lead to flights between the UK and EU grounded from the beginning of next year. Speaking at travel trade body ABTA’s virtual conference, Grant Shapps admitted that with just 78 days to go before the end of the transition period, the two sides were still [...]
