Pension trustees warn Morrisons bidders of risk to retirement pots August 25, 2021 Private equity firms circling Morrisons have been warned buyouts would hinder its ability to support staff retirements by pension trustees. Trustees of pension assets worth £5.5bn said the proposed buyout would undermine the covenant protecting the retirement funds of members. Both Clayton, Dubilier & Rice and Fortress should offer improved financial security to scheme members [...]
Westminster needs to get a grip and learn some digital skills August 25, 2021 In the last year, the Queen convened her historic Privy Council by video, parliamentarians have voted online and the Cabinet has been meeting via Zoom. Even the hardened leaders of the country in Westminster and Whitehall have had to adapt to different ways of working because of Covid. This will be particularly useful as many politicians [...]
Science has been overrun with politics – it’s time to take it back August 25, 2021 At the onset of the Covid pandemic in February 2020, the pages of the Lancet, a very prestigious medical journal, carried a statement eulogising China and the efforts it had already made to deal with the virus. For the luminaries who signed the statement, no praise could be too high for the Chinese. They had [...]
IBM UK CEO: Accept the future of hybrid working and look at what needs to be done to retain company culture August 25, 2021 The measures taken to minimise the impact of the pandemic have upended some long-held certainties; none more widespread than the move to remote working. What was initially seen as a stopgap measure to maintain business continuity during lockdowns has quickly become an established part of the daily routine for employees. Digitisation is changing everything around [...]
The CA Summit 2020: experts discussed the future of the City of London and trade negotiations between the US and UK August 25, 2021 Ahead of CA Summit 2021, revisit the Learn Chapter of last year’s event which saw experts discuss key issues business professionals are facing, including the future of the City of London and trade negotiations between the US and UK. Book your place now for CA Summit 2021 The future of the City The COVID-19 pandemic [...]
IBM CEO: Accept the future of hybrid working and look at what needs to be done to retain company culture – CityAM : CityAM August 25, 2021 The measures taken to minimise the impact of the pandemic have upended some long-held certainties; none more widespread than the move to remote working. What was initially seen as a stopgap measure to maintain business continuity during lockdowns has quickly become an established part of the daily routine for employees. Digitisation is changing everything around [...]
Global markets rally as Fed taper fears ease August 24, 2021 Global markets rallied today, driven by expectations that the US Federal Reserve will outline its plan to rein in the wave of monetary stimulus unleashed in response to the Covid crisis at Jackson Hole this week receding. The blue-chip S&P 500 rose 0.29 per cent to 4,492.46 points in early afternoon trading, while the Dow [...]
Ailing subprime lender Amigo registers near sevenfold rise in losses August 24, 2021 Losses at subprime lender Amigo ballooned more than sevenfold over the last year as it contends with the swelling cost of repaying customers it misssold loans to. The guarantor lender’s losses before tax increased 648 per cent compared to the same period in 2020, rising to £283.6m from £37.9m. The widening losses were primarily driven [...]
Lawyers urge UK government to save Afghan judges and artists August 24, 2021 City law firm Bates Wells has urged the Home Office to urgently help lawyers, academics and activists in Afghanistan, as the crisis in the country continues. The firm called on the government to take on board recommendations made in a joint letter by the Immigration Law Practitioners Association (ILPA) and the Afghanistan and Central Asian [...]
Scottish Covid inquiry set to commence this year August 24, 2021 The Scottish Government has announced it will be launching its own inquiry into the handling of the Covid pandemic amidst pressure from grieving families. Today, Nicola Sturgeon confirmed that Scotland intends to hold its own judge-led inquiry into all matters concerning the pandemic, within the devolved competence of the Scottish government. This will include the [...]
