Barclays appoints Ingrid Hengster as Germany head July 22, 2021 Barclays announced the appointment of Ingrid Hengster as country chief executive for Germany and global chairman of investment banking. Hengster joins from KfW, the German state-owned investment and development bank, where she held the role of executive board member since 2014. “The almost eight years at KfW were very rewarding because I had the opportunity [...]
Government monitoring ‘concerning’ supermarket shortages caused by ‘pingdemic’ July 22, 2021 Business secretary Kwasi Kwarteng has said he is “monitoring” the growing supermarket shortages caused by workers being forced to self-isolate as Covid cases surge. Pictures of empty shelves circulated across social media last night, leading supermarkets to apologise for the Test and Trace-caused shortages. More than 600,000 people have been told to self-isolate by the [...]
UK telecoms firm Clearcomm snapped up by rival STL in £15.5m deal July 22, 2021 UK telecoms group Clearcomm has been acquired by Indian rival STL for £15.5m as global network providers race to roll out 5G and full-fibre broadband. STL and Clearcomm both offer network integration services, providing wired and wireless infrastructure for telcos, cloud companies and large businesses. Since its inception in 2009, Birmingham-based Clearcomm has grown to [...]
Night of The Kings is an inventive, hard-hitting prison drama July 22, 2021 The prison movie is an inexhaustible inspiration for filmmakers. Just when you think you’ve seen every permutation, a film comes along and shows you something different. Ivorian filmmaker Philippe Lacôte (2014’s Run) goes into the heart of an infamous location for his new story, Night of The Kings. We find ourselves The Ivory Coast’s notorious [...]
BoE deputy governor moves to quash inflation fears July 22, 2021 The deputy governor of monetary policy at the Bank of England moved to temper fears that the UK economy is facing a period of persistently higher inflation today. In a speech, Ben Broadbent said that he was “not convinced that the current inflation in retail goods prices should in and of itself mean higher inflation [...]
SMEs confident about recovery but frustrated by lack of financial backing July 22, 2021 Owners of small and medium-sized enterprises are feeling more optimistic than last month but are struggling to get financial backing, according to figures from the Association of Chartered Certified Accountants (ACCA UK) and the Corporate Finance Network (CFN), shared with City A.M. today. The survey shows that 89 per cent of SME owners are trading [...]
London shares left buzzing after PensionBee hits £2bn in managed assets July 22, 2021 Online pensions provider PensionBee has racked up £2bn worth of pensions under management, which has sent shares flying over six per cent. The app said its assets under management had surged 117 per cent to over £1.9bn in the six months to 30 June. The pensions surge, up from £915m worth of assets in the [...]
London’s younger workers lead charge back to the office July 22, 2021 Younger workers in London are more eager to get back to the office compared to their older counterparts, according to new figures published today. Research from Workspace shows 77 per cent of workers aged between 18-34 in the capital are looking forward to coming back to the office, compared to half of staff aged 35 [...]
Supermarket boss says there is no need to start panic buying July 22, 2021 The boss of Iceland has said that there is no need to begin panic buying, but that the “pingdemic” risks shutting stores up and down the country. Richard Walker, managing director of Iceland, told 5Live’s Breakfast show that photographs of empty shelves were “isolated incidents”. Over 500,000 people were alerted by the app in the [...]
Morrisons shareholders to vote on Fortress-led takeover bid on 16 August July 22, 2021 Shareholders in Morrisons will vote on a £6.3bn takeover bid from a trio of private investment groups led by SoftBank-owned Fortress on 16 August. In a document outlining Fortress Investment’s offer, Morrisons today said a court meeting and a general meeting of shareholders would be held on the August date. Fortress’ offer for the British [...]
