Sajid Javid calls for CMA investigation into ‘exploitative’ PCR test costs August 8, 2021 Sajid Javid has asked the UK’s competition watchdog to investigate PCR Covid test firms that are selling tests at “excessive” prices and engaging in “exploitative practices”. The health secretary wrote to the Competition and Markets Authority (CMA) to call for a “high-level review” in a bid to protect holidaymakers requiring private PCR tests before and [...]
BT poaches Asos chairman Adam Crozier August 8, 2021 BT has poached the chairman of online fashion giant Asos in a bid to boost the telecoms company’s standing during a crucial period. Adam Crozier is expected to resign from Asos to take up the chairmanship of BT, but is set to remain in similar roles for data analytics firm Kantar and Premier Inn owner [...]
Morrisons partner McColl’s in talks over £30m cash call August 8, 2021 A major UK convenience store group is in talks over a £30m cash call in a bid to accelerate its partnership with supermarket chain Morrisons. McColl’s Retail Group has reportedly started talks with institutional investors about the £30m injection, which would almost match the group’s current £40m market capitalisation. City sources told Sky News that McColl’s chief [...]
Boris Johnson: Team GB has ‘shown us the very best of this country’ August 8, 2021 Boris Johnson has praised Team GB’s performance at the Tokyo Olympics, hailing the group as showing “the very best of this country” as the Closing Ceremony begins. The games will close this afternoon, with Team GB picking up 22 gold medals and 65 medals in total. This put the UK and Northern Ireland in fourth [...]
Cop26 chief Alok Sharma: World on the brink of climate ‘catastrophe’ August 8, 2021 The world will soon face “catastrophe” from climate change if urgent action is not taken, according to Cop26 chief Alok Sharma. Sharma, who is managing preparations for the Glasgow climate summit, said the he world “can’t afford” to wait another two years to take serious action. The government wants to use the UN summit to [...]
Boris Johnson reportedly threatens to demote Rishi Sunak August 8, 2021 Boris Johnson reportedly threatened to demote Rishi Sunak earlier this week in a fiery Downing Street meeting. Johnson was said by officials in attendance to be “apoplectic” about the leaking of a letter from Sunak that criticised the Prime Minister’s borders policy. Johnson is said to have only found out about the letter from last [...]
Investors turn to overlooked data sources to assess firms’ ESG credentials August 8, 2021 A lack of publicly available information on companies’ ESG credentials is prompting investors to turn to overlooked sources to acquire data, new research shared exclusively with City A.M. reveals. Read more: Regulation and investors’ demands push fund managers towards ESG Figures from MBH Corporation shows 89 per cent of UK based professional investors think employee [...]
NHS waiting list could top 13 million, says IFS August 8, 2021 IFS modelling has confirmed Sajid Javid’s stark warning that the number of people on the NHS waiting list could reach 13 million. Last month the Health and Social Care Secretary quoted “shocking” government data which estimated waiting lists could more than double in a matter of months. Today, analysis published by the IFS reiterated that [...]
‘Professor lockdown’ rules out future Covid lockdowns in the UK August 7, 2021 “Professor lockdown” has indicated future Covid lockdowns are unlikely to be needed to curb the spread of the virus in the UK. Speaking to The Times, Neil Ferguson said: “I think it’s unlikely we will need a new lockdown or even social distancing measures of the type we’ve had so far.” Read more: Johnson will [...]
Berkshire Hathaway profits surge on global economic rebound August 7, 2021 Warren Buffett’s Berkshire Hathaway posted a bumper crop of results on Saturday driven by the resurgence in economic activity around the world after the Covid-induced slump boosting many businesses’ bottom lines that are owned by the billionaire. Operating profits jumped 21 per cent to £6.69bn in the second quarter of this year compared with the [...]
