City of London Corporation puts culture at the heart of recovery February 18, 2021 · Major renewal of the Barbican Centre announced · London Symphony Orchestra funding renewed · City of London Corporation confirms commitment to developing Culture Mile · Centre for Music will not be progressed The City of London Corporation has reinforced its commitment to embedding culture at the centre of the Square Mile’s post-Covid recovery with a series of commitments [...]
Investors stub out Imperial CEO’s bonus February 18, 2021 Imperial Brands today said that it would cut its new boss’ bonus by 10 per cent a year after a shareholder revolt. Earlier this month around 40 per cent of shareholders voted against Stefan Bomhard’s pay at an annual general meeting. Now the company has said that Bomhard has agreed with the tobacco giant’s remuneration [...]
Exclusive: Cashplus hires new chairman after securing banking licence February 18, 2021 Digital challenger bank Cashplus has hired banking veteran Mark Sismey-Durrant as its new chairman just weeks after securing a new banking licence. Earlier this month the Prudential Regulation Authority granted Cashplus a full UK banking licence 16 years after it was founded. Sismey-Durrant, previously chief executive of Sun Bank, Heritable Bank and most recently Hampshire [...]
Liberty Steel bid for Thyssenkrupp steel unit off February 18, 2021 Liberty Steel’s efforts to buy the steel division of Thyssenkrupp came to an end today as the German industrial giant called off the talks. It said that the differing views over the value of the wing had led to the break off of negotiations. However, a spokesperson for Liberty Steel said that it was “keeping [...]
MPs urge FCA to set date for Woodford investigation end February 18, 2021 The Treasury Committee has urged the Financial Conduct Authority (FCA) to set out when it expects to conclude its lengthy investigation into the collapse of Neil Woodford’s fund. The City regulator has been investigating the situation regarding the gating and subsequent collapse of the Woodford Equity Income Fund since 2019, a process that has so [...]
New US jobless claims rise unexpectedly by 861,000 February 18, 2021 US jobless claims rise unexpectedly to 861,000
Best of travel: A feast for the senses in Zanzibar February 18, 2021 To tide us over until we’re able to travel again, we’re republishing classic travel stories from our archives. Today we revisit Noo Saro-Wiwa’s extravagent journey to the island of Zanzibar. ••• Visiting tropical islands usually involves sacrificing the richness and depth of continental culture for the simplicity of ravishing sun, sea and sand. Zanzibar, however, [...]
Save Our Summer: The travel industry is pulling the emergency alarm February 18, 2021 Travel firms large and small are united in outrage. In recent days, government ministers have unsettled consumers and the entire travel sector by telling UK citizens not to book a holiday in the UK or abroad, now or indeed ever. It is hard to think of a more damaging approach to boosting confidence and it’s [...]
What’s causing the current global shortage of semiconductor chips? February 18, 2021 The modern world runs on semiconductors; everything from mobile phones to washing machines depends on these tiny microchips. But few industries are so totally dependent on these microprocessors as the automotive sector, as has been proved time and again over the last couple of months. One by one, a roll-call of the world’s biggest carmakers [...]
Summer holidays to Greece could be on the cards with vaccine passports February 18, 2021 Greece’ tourism minister has raised hopes that Brits could go on summer holidays to the Mediterranean country through the use of vaccine passports. Speaking to the Today programme, Haris Theoharis said that his government was already in early discussions with UK ministers about how such a system might work. He said that using digital vaccine [...]
