DEBATE: Should we have a right to work from home? March 25, 2021 Alison Newton, co-head of real estate at Addleshaw Goddard says No Up until March 16 last year, there was a common view among city firms that those who work from home were in some way slacking off. Coronavirus has given us a great opportunity to bury the presenteeism principle, demonstrating that working from home can [...]
City A.M. TV: Daily Market Snapshot (video) March 25, 2021 Risk aversion continued to work its way through global financial markets yesterday.
Johnny Depp loses bid to appeal ‘wife beater’ libel ruling March 25, 2021 Johnny Depp has been refused permission to appeal a High Court ruling that he violently assaulted his ex-wife Amber Heard during their tumultuous relationship. In November a High Court judge ruled against Depp after he sued the Sun newspaper for libel over an article that labelled him a “wife beater”. Lawyers for the Hollywood actor [...]
Fizzle sticks, the Elon BTC pump has lost its LOX! Elsewhere a mixed bag March 25, 2021 A sluggish weekend made way for a rousing Elon Musk tweet, but even Tesla's announcement couldn't put the spark back into the market.
ECB eases digital euro doubts and backs proposed currency to thrive March 25, 2021 The European Central Bank today eased doubts in Germany about the launch of a digital euro, insisting that the electronic cash would not be used to penalise savers or upend banks. The ECB is looking to launch a digital version of the euro within the next five years to see off competition from cryptocurrencies such [...]
UK must install 700 electric vehicle charge points a day to hit 2030 target March 25, 2021 The UK must install 700 electric vehicle (EV) charging points every day for the rest of the decade to support the transition away from the internal combustion engine. From 2030, the government will ban the sale of all new petrol and diesel cars in order to help the country hit its ambitious 2050 climate goals. [...]
Ikea and ITV invest in location tech startup what3words March 25, 2021 Ikea and ITV have both thrown their weight behind a startup that has divided the world into three-metre squares each with a unique three-word name to help pinpoint addresses. Ingka Group, the holding company behind the Swedish flat-pack giant, has pumped £12m into what3words, while ITV has taken a minority stake valued at £2m. What3words, [...]
En+ sees profit fall a fifth on aluminium price slide March 25, 2021 Metals firm En+ saw its net profit drop 22.1 per cent in 2020, dragged down by lower commodities prices and foreign exchange headwinds. Although the Anglo-Russian firm is not intending to pay a dividend for the past year, it is hoping to resume payouts over the coming year. It added that it had seen an [...]
Deloitte paid to draft parliamentary answers and media lines on test and trace March 25, 2021 The government has been using Deloitte to help ministers draft parliamentary questions and media lines to defend the ‘test and trace’ system. Since the pandemic began, Deloitte has won public sector contracts worth £323m, according to figures from the Good Law Project. Buried in those contracts are details of help with PR and communications, with [...]
Plus500 appoints former JP Morgan bigwig as new chairman March 25, 2021 Plus500 today said it has appointed the former head of JP Morgan Professor Jacob Frenkel as its new chairman. The online trading platform has proposed for Frenkel to succeed current chair Penny Judd following the company’s annual general meeting on 4 May, subject to shareholder approval. Frenkel has built a reputation as one of the [...]
