BBC makes editorial director Kamal Ahmed redundant in board overhaul February 10, 2021 The BBC has made editorial director Kamal Ahmed redundant in a major overhaul of its leadership that has also left the corporation in breach of its own diversity rules. Fran Unsworth, director of BBC News, today said the number of board members will be cut from 11 to eight as part of plans to “modernise” [...]
London pubs and restaurants face ‘bombshell’ without action on business rates, Khan says February 10, 2021 London pubs, restaurants, shops and other hospitality firms have saved more than £3bn due to the business rates holiday, it was revealed today, as pressure mounted on the government to extend the break. Figures showed that 73,140 retail, leisure and hospitality businesses in the capital had benefited from the business rates holiday during the pandemic [...]
Mike Lynch: Live updates as British tech entrepreneur fights extradition to US February 10, 2021 British tech entrepreneur Mike Lynch, the founder of software firm Autonomy, today begins the second day of his fight against his extradition to the US. Yesterday, the court heard opening arguments from Lynch’s defence team and lawyers representing the US. Lynch is facing charges of securities fraud, wire fraud and conspiracy in the US related [...]
Businesses left in the lurch as up to £1.4bn of Covid-19 grants still unpaid February 10, 2021 Local authorities across England are still yet to pay out as much as £1.4bn in emergency Covid-19 grants, putting thousands of businesses at risk of further job cuts. Figures obtained through a Freedom of Information request revealed that an estimated 87 per cent of the £1.6bn Additional Restrictions Grant (ARG) fund still has not been [...]
Tickr: We don’t want to be a socks and sandals, preachy investment platform February 10, 2021 Everyone has something to say about ESG or “impact” investing these days. It has become the go-to buzzword for corporate firms and investment platforms. But unlike platforms that have added socially responsible features, London-based Tickr launched with a sole purpose of “impact investing”. Founded in 2018, Tickr aims to demystify sustainable investing and only offers [...]
FTSE 100 bounds ahead despite housebuilders taking a tax hit while US stocks soar February 10, 2021 FTSE 100 bounds ahead despite housebuilders taking a tax hit
Sadiq Khan seeks permission to appeal ‘unlawful’ Streetspace ruling February 10, 2021 Sadiq Khan has today submitted an application to appeal against a High Court ruling that deemed his “Streetspace” plan illegal. Last month the court ruled that Khan had “taken advantage” of the pandemic to push through “radical changes” to London’s streets. Justice Lang said that the plan, which banned taxis from using bus lanes in [...]
Exclusive: Brexit hit to London may top £9.5bn a year without EU financial services deal February 10, 2021 As the heart of the UK's service sector economy, London is in line to lose up to £9.9bn a year if a post-Brexit deal on financial services doesn't protect the City, new research out this morning finds.
Tiktok’s forced sale to Oracle halted as Biden reviews China policy February 10, 2021 Tiktok’s sale of its US business to Oracle and Walmart has reportedly been put on ice as President Joe Biden reviews the Trump administration’s crackdown on Chinese firms. The video platform had been forced into offloading its American unit by former president Trump, who argued user data could be shared with Beijing. Tiktok has always [...]
Brexit: Restoration of common law principles gives financial services the tools to be innovative February 10, 2021 Now that the UK has left the EU, it is time that we re-set the legal framework of our financial services. This is not the emotional reaction of a Brexit optimist – although I do believe that there are many advantages to our leaving the European Union – but rather a pragmatic assessment based on [...]
