Consumer confidence stalls amid fears of new variants and the cost of coronavirus April 23, 2021 Consumer confidence stalled in April, as consumers took a more guarded view of the future amid new Covid variants emerging. The closely-watched consumer confidence index from researcher GfK jumped just one point in April to minus 15, a significantly more subdued movement than March’s seven-point leap. Coronavirus restrictions are slowly easing in the UK, with [...]
Government leaking Covid economic policy erodes public trust, think tank warns April 23, 2021 Treasury’s leaking of Covid-19 recovery policies to some media outlets weeks in advance, while keeping tight lipped on important details, risks eroding public trust, a leading economic think tank has warned. A new report by the National Institute of Economic and Social Research (Niesr) said the current method has led to serious fiscal failures and [...]
London market recovery continues following grim start to the week April 22, 2021 London’s main market continued to rise on Thursday, after rebounding yesterday following a disastrous Tuesday, in which the market fell two per cent in one day. By mid-afternoon the FTSE 100 was up 0.42 per cent, boosted by mining and industrials stocks, although the gains were capped by a stronger pound. Meanwhile, the mid-cap FTSE [...]
Foxtons to review chief’s pay following shareholder revolt April 22, 2021 Foxtons will review its remuneration policy after nearly 40 per cent of shareholders voted against executive pay packages. Foxtons faced criticism from investors and shareholders groups over its decision to award CEO Nic Budden almost £1m in bonuses for the year. Shareholders’ concern centred on the group paying out bonuses to executives despite a sharp [...]
High Court paves way to answer the question: Who invented Bitcoin? April 22, 2021 The High Court today paved the way for a case that could force the judges to take a view on who invented bitcoin, the world’s most popular cryptocurrency. The court has allowed Craig Wright, an Australian computer scientist who alleges he created bitcoin, to serve a copyright infringement lawsuit against the operator and publisher of [...]
Pearson chair to depart after £7.2m CEO pay spat with shareholders April 22, 2021 Sidney Taurel will step down from chair of Pearson, after rowing with shareholders over handing new chief executive Andy Bird a £7.2m sign on bonus. The education publisher said Taurel will retire no later than the 2022 annual meeting. Taurel’s decision came after a third of Pearon’s investors voted against a £7.2m pay award for [...]
Peers brand decision to lift cap on number of nuclear warheads ‘thin and unconvincing’ April 22, 2021 Members of the House of Lords have criticised the government’s decision to lift the cap on the number of nuclear warheads held by the UK. Peers argued the decision was disproportionate, expensive, unfounded, unconvincing and at odds with the United States, which has just pledged to reduce the role of nuclear weapons in foreign policy. [...]
Greensill: David Cameron made multiple attempts to lobby Bank of England April 22, 2021 David Cameron made multiple attempts to lobby Bank of England (BoE) officials over allowing collapsed financier Greensill access to the bank’s Covid Corporate Financing Facility (CCFF) scheme. Documents obtained by Freedom of Information request show that Cameron contacted officials five times in total over the “incredibly frustrating” issue. It is the latest saga in a [...]
Co-op to axe team manager roles in shake-up affecting 2,000 jobs April 22, 2021 Convenience store chain Co-op has announced plans to overhaul its worker structure, in a move that is expected to impact around 2,000 staff members. The retailer will reportedly axe the team manager role across most of its sites, although no compulsory redundancies are expected to be made. Instead, Co-op will offer those affected by the [...]
Jose Mourinho: Would sacked Tottenham boss be entitled to unfair dismissal? April 22, 2021 As Gary Lineker pointed out this week, it has been a good time to hide bad news in football, with the announcement of the European Super League and the fallout which followed. And so, Jose Mourinho’s departure as head coach of Tottenham Hotspur has largely fallen under the radar. Mourinho would fail to meet the [...]
