Exclusive: Tech exits surge as unicorns are ‘out’ and recurring revenue is the new valuation for venture capital May 19, 2022 European technology exit values and counts have skyrocketed in the past year, reaching $133.4 billion in value, a 400 per cent year-over-year increase, across 1,247 exits. In 2021, there were approximately 186 public listings, including names such as UiPath, Wise, GitLab, OVH, and SUSE. In addition, M&As reached an all-time high with 687 European companies being acquired. The deep pool of [...]
French citizenship confirmed: Boris Johnson’s father Stanley becomes EU national while UK faces Brussels head on over Brexit May 19, 2022 European media are reporting that Stanley Johnson, the father of Prime Minister Boris Johnson, has obtained French citizenship. Johnson Sr was given a French/EU passport after he applied for citizenship in January 2021. According to various media across the continent, including the Italian newspaper La Stampa, the procedure to obtain French citizenship has ended and [...]
Deloitte, KPMG, PwC and EY push further into India as all Big Four firms go on aggressive hiring spree May 19, 2022 The big four professional services firms—Deloitte, KPMG International Coop (KPMG), PricewaterhouseCoopers International Ltd (PwC) and Ernst & Young Global Ltd (EY)—seem to be focusing on India for recruitment since the start of 2022. Among the four, EY had the highest job postings for India during the first qaurter, followed by Deloitte, PwC, and KPMG, respectively, [...]
Calls in Canada for Queen to make full apology over indigenous children scandal May 19, 2022 The Prince of Wales has not apologised on behalf of the Queen for the “assimilation and genocide” of Canada’s indigenous residential school children but instead “acknowledged” the nation’s dark past, First Nations leaders have said. RoseAnne Archibald, national chief of the Assembly of First Nations, appealed directly to Charles for an apology from the monarch [...]
Jaws drop as it emerges UK Health Security Agency pays 1,400 consultants as much as £3,100 per day May 19, 2022 It emerged today that the UK Health Security Agency is paying consultants as much as £3,100 per day. While the number used by the UKHSA has reduced, as of January 31 it was still employing 1,476 management consultants. In a letter to the Public Accounts Committee, the UKHSA said that the majority of these consultants [...]
Marks & Spencer’s CFO urges Chancellor Rishi Sunak to firmly reject online sales tax May 19, 2022 Marks and Spencer has reportedly warned the Government that an online sales tax would do more harm than good for the high street. In February, the Government launched a consultation into possibilities for an online sales tax to ease the business rates burden on high street stores. In a letter to Chancellor Rishi Sunak, reportedly [...]
Easyjet makes comeback from pandemic lows as airline expects to sell 97 per cent of all seats next quarter May 19, 2022 Budget airline easyJet said this morning that it hopes to carry nearly as many passengers in the last few months of this year as it did in 2019, marking a comeback from the lows of the pandemic. The business said that it is planning to sell 97% of the seats during the final quarter than [...]
Government to hunt down ‘callous’ benefit fraudsters in new £600m crackdown that should save £2bn May 19, 2022 A new crackdown on benefit fraud should save the taxpayer £2bn over the next three years. A £600m plan is to be unveiled by the Government. The plan will involve 2,000 trained specialists reviewing two million universal credit claims over the next five years. DWP officers will also be bolstered with new powers, including to [...]
Monkeypox spreading across UK as more cases of extremely rare virus are discovered in LGBT people May 19, 2022 Concerns across the UK are growing this morning as the UK Health Security Agency (UKHSA) confirmed it has detected two additional cases of monkeypox, one in London and one in the South East of England. The latest cases bring the total number of monkeypox cases confirmed in England since 6 May to 9, with recent [...]
Heartbreaking testimonies at Horizon IT inquiry today as former sub-postmistress says ‘I just couldn’t cope anymore’ May 18, 2022 A former sub-postmistress told the Horizon IT inquiry today how she cashed in £50,000 of her pension as she struggled to pay the debts the Post Office claimed she owed. Heather Earley described how one customer to her branch repeatedly exploited a flaw in the system that saw her cash withdrawals credited as deposits on [...]
