GTO Engineering 250 GT SWB Revival review: tribute to a classic Ferrari : CityAM August 25, 2021 I used to pass a Ferrari 250 GT SWB on the way to work. Or so it seemed. The car looked kosher from a distance, but closer inspection revealed thumb-sized panel gaps, a plasticky interior and a telling lack of tailpipes (one instead of the usual four). In hindsight, the fact that it was street-parked [...]
Return to office delayed for unvaccinated Credit Suisse staff in US August 25, 2021 Credit Suisse has told its unvaccinated US employees to continue to work from home until mid-October while vaccinated staff can return to the office from September, according to reports. The Swiss lender postponed the date when all of its US staff would be required to return to working from the office to 18 October, according [...]
Home working could help older employees retire later August 25, 2021 New ONS data shows that home working could help to boost the economy by upping the age at which older workers retire. According to the Office of National Statistics (ONS) the UK economy is missing out on an estimated £88bn because of a sharp drop off in employment rates as workers approach pension age. In [...]
What does Meggitt’s bid premium tell us about UK shares? August 25, 2021 Have you ever wondered why there has been such a marked pick-up in the amount of UK businesses that have been bid for in recent years? This year is no exception, and has been an extremely active one, with a record number of deals in the first half of 2021. And there is no sign [...]
Afghanistan: World Bank freezes funding after Taliban takeover August 25, 2021 The World Bank has halted funding for projects in Afghanistan after the country’s fall to Taliban control. The Washington-based financial institution cited concerns over Afghanistan’s future development prospects in the wake of drastic leadership change, particularly for the nation’s women. The halt on aid disbursements is set to continue while the bank assesses how the [...]
Clipper Logistics revenue up thanks to lockdown shopping returns August 25, 2021 Retail logistics firm Clipper has reported group revenue up by 39.1 per cent as e-commerce sales continue to grow. The Leeds-based company reported group revenue up from from £500.7m to £696.2m, in its results for the year ended 30 April 2021. The firm acquired new contracts in the period including with Revolution Beauty, H&M and [...]
Deloitte mandates vaccinations for staff in US offices August 25, 2021 Auditing giant Deloitte has told staff coming into its US offices from October, that they must be vaccinated against Covid-19, according to reports. Chief executive officer of Deloitte US, Joe Ucuzoglu, told staff in an email that from 11 October they would be required to reveal their vaccination status on a secure company website, according [...]
Augean ditches Morgan Stanley Infrastructure for new £341m buyout deal August 25, 2021 A consortium of investment managers Ancala Partners and Fiera Infrastructure have swooped in on waste management firm Augean, raising the prospect of a bidding war for the AIM-listed company. In a statement this morning Augean said that it had agreed to the two firms’ 325p per share, £341m buyout offer, having earlier this month approved [...]
Bank North bags fresh licence in its bid to localise the future of banking August 25, 2021 Bank North has secured a banking licence from the Bank of England as it looks to target northern cities with regionally focused lenders. The upcoming lender will open in October to small businesses in and around Greater Manchester, with plans to start taking retail deposits next year. The bank’s boss Jonathan Thompson explained that Bank [...]
OnlyFans founder blames banks for ban on sexually explicit content August 25, 2021 Tim Stokely, Founder and Chief Executive of OnlyFans, has name checked ‘unfair’ banks in an explanation of the site’s upcoming pornography ban. Last Thursday, OnlyFans, the site famed for its pornographic content, issued a statement announcing that the platform would ban sexually explicit content from October. Under the new rules any nude content posted on [...]
