Editorial: Online retail has a duty to be human – for their workers and the industry July 28, 2021 Old-school retail has been plagued by many criticisms through its long performance on our high streets. It has been far from the patron saint of good behaviour. But if you walked into a store in the early 2000s, you could, fairly or unfairly, get a feel for a company from the staff you bumped into. [...]
Along came a Spider: Drop-top McLaren 765LT supercar breaks cover July 28, 2021 The new, limited-run McLaren 765LT Spider promises a 205mph head-rush, with ferocious performance and a retractable carbon fibre roof.
US law firms in the UK raise bonuses in battle for staff July 28, 2021 UK legal companies have been forced into a bidding war for junior associates employed by top-tier US firms. Top US law firm Goodwin Procter is offering sign-on bonuses to its London staff worth up to £36,000, according to a recruiter, City A.M. understands. Last week Slaughter and May announced that it would increase pay for [...]
Weaker economic backdrop presents fresh headaches for Fed July 28, 2021 Today’s Federal Open Market Committee announcements come amid mounting concerns that the rapid rise in Covid cases could dampen the global economic recovery. This backdrop presents a different set of problems for Fed Chair Jerome Powell to when he last spoke in June. Recovery prospects are still good, but have tempered. Investors around the world [...]
Spotify beats forecasts as paid subscribers hit 165m July 28, 2021 Spotify has beaten expectations for the second quarter as the streaming giant saw its paid subscriber numbers grow by a fifth. The Swedish company said premium subscribers jumped 20 per cent year on year to hit 165m in its latest quarter – towards the upper end of its guidance and modelty ahead of forecasts. Monthly [...]
C-suite diversity credentials to be laid bare under new FCA rules July 28, 2021 The UK’s financial watchdog is seeking to implement new rules that will force listed companies to disclose their c-suite diversity credentials, it announced today. The Financial Conduct Authority is seeking feedback from firms on proposed rules that will see listed companies publish a “comply or explain” statement breaking down whether they have reached proposed diversity [...]
Pfizer hikes Covid vaccine sales forecast by almost a third to $33.5bn July 28, 2021 Pfizer has raised its full-year sales forecast for its coronavirus vaccine by nearly a third, as governments across the world rush to secure doses to vaccinate their populations. The US drugmaker raised its 2021 forecast for sales of the Covid vaccine that it produces with Germany’s BioNTech by 28.8 per cent to $33.5bn (£24bn), up [...]
Ineos strikes deal with New Zealand Rugby to add All Blacks to sporting stable that includes Formula 1, cycling and football teams July 28, 2021 New Zealand Rugby has announced Ineos is to become its official performance partner in a six-year deal beginning in 2022. The deal sees New Zealand Rugby’s national teams, including the All Blacks and the Black Ferns, join the growing Ineos sporting stable, which is owned by British billionaire Sir Jim Ratcliffe. They will join Mercedes-AMG [...]
Exclusive: Islamic fintech founder Junaid Wahedna on why the UK market is firmly on his radar July 28, 2021 The market for Islamic fintech is growing globally, and in the UK. Last month the Boubyan Bank Group announced that the world’s first Islamic international digital bank will be launched in the UK. The global Islamic fintech market is estimated to reach $128bn by 2025, a 161 per cent increase from 2020’s figure, according to [...]
CitySprint look to expand as employment drive for 600 new couriers begins July 28, 2021 CitySprint, the UK’s largest same day distribution company, has announced that it is looking for an extra 600 new couriers across the UK. The recruitment drive is in response to a significant uplift in logistics requirements, particularly around the London area. High demand for products bought online is thought to be one of the reasons [...]
