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 [...]
BoE to circulate new £50 note celebrating WW2 code breaker Alan Turing March 25, 2021 A new £50 banknote celebrating mathematician Alan Turing, whose code-breaking skills helped Britain win WW2, will go into circulation in June. The new £50 note features an image of Turing, some of his mathematical formulae and technical drawings for the machines used to break the Enigma code. It also carries a quote by Turing about [...]
Former PM David Cameron will be investigated over lobbying Sunak and Bank for Covid cash for Greensill March 25, 2021 David Cameron will be investigated over lobbying Sunak and Bank for Covid cash for Greensill
Martin Sorrell’s S4 Capital continues growth as profit jumps March 25, 2021 Sir Martin Sorrell’s S4 Capital saw its profit jump by a fifth last year as the digital ad group continues its aggressive growth strategy. S4 Capital posted a 19.4 per cent rise in gross profit to £295m in 2020, while revenue rose 15 per cent to £343m. The marketing group, which has major contracts with [...]
Free school meals provider Compass charts course to better margins after revenues sink March 25, 2021 Free school meals provider Compass charts course to better margins after revenues sink
Boohoo cuts ties with hundreds of suppliers following Leicester factory scandal March 25, 2021 Online fashion retailer Boohoo has cut ties with hundreds of suppliers as it seeks to improve conditions for factory workers. The e-commerce giant this morning announced it has “ceased doing business with a number of manufacturers who were unable to demonstrate the high standard of transparency required”. Boohoo published a list of its 78 approved [...]
CMC Markets predicts better-than-expected operating income for 2020 March 25, 2021 CMC Market has suggested its predicted operating income for 2020 could be higher than expected, after reporting a strong performance in the final quarter of its financial year. In a market update today, the online trading and B2B platform said that following strong performance, net operating income for the financial year was likely to be [...]
Covid support scheme lands Funding Circle record loans under management March 25, 2021 The number of loans under management at lending platform Funding Circle hit a record in 2020, with the firm’s involvement in the Covid support scheme giving a boost to the business. In 2020 Funding Circle achieved record loans under management of £4.21bn, up from £3.73bn in 2019 – a 13 per cent increase. The lender [...]
Cineworld plunges to $3bn loss as screen closures continue March 25, 2021 Cineworld announced this morning that it has secured $213m (£155.6m) bond from investors to help with reopening costs as it revealed it plunged to a $3bn loss last year. The cinema chain posted a loss after tax of $2.65bn in the year ended 31 December, compared to profit of $180.3m in the previous year. Revenue [...]
Ten Entertainment chairman Nick Basing to depart tenpin bowling company in September March 25, 2021 Ten Entertainment chairman Nick Basing depart tenpin bowling company in September
