Media group Future shares jump as it hikes profit forecasts July 21, 2021 Shares in Future pushed higher this morning after the magazine publisher said it expected its full-year profit to be “materially” ahead of market expectations. The media group, which owns titles such as Country Life, Four Four Two and Tech Radar, today said it had continued to perform strongly in the second half despite challenges posed [...]
Covid: Government borrowing falls in June July 21, 2021 Government borrowing fell over the last month as the UK economy rapidly rebounds from the damage inflicted on it by Covid, new figures released today show. The government borrowed £22.8bn last month, the second-highest figure for June since records began, according to the Office for National Statistics. However, borrowing eased from May, down from £24.3bn [...]
Union says officers told not to check green and amber arrivals for Covid tests July 21, 2021 Travellers from green and amber list countries may no longer face a Covid test check on arrival, according to ISU. The union, that represents border staff, said that officers will no longer routinely check for a negative test result and the passenger locator form. The move aimed to reduce queues, said The Guardian. However, the [...]
JPMorgan entices Jamie Dimon with “special” stock award to stay as CEO July 21, 2021 JPMorgan has granted Jamie Dimon 1.5m stock options, which could swell to tens of millions of dollars, to entice him to stay at the bank for a “significant number of years”. Dimon has been awarded the 1.5m options in the form of “stock appreciation rights” at Tuesdays average price of $148.73, that will allow him [...]
Summer DIY builds up Wickes sales above pre-pandemic levels July 21, 2021 Supply store Wickes has seen like-for-like growth lift more than 22 per cent on pre-pandemic levels, as the UK’s warm weather pushes DIY’s lockdown momentum to continue. The Watford-headquartered retailer said that its sales lift in the 26 weeks to 26 June was driven by DIY and local trade. Physicals sales were up 33.1 per [...]
Law firm DWF reports strong year with revenue over £400m July 21, 2021 DWF Group, the international legal firm, has reported a rise in its revenues to £400m, in its full year results released today. Revenue rose to £401m for the year ended 30 April 2021, representing a 12 per cent increase from £357m in the previous year. Net revenue also grew by 14 per cent to £338.1m. DWF’s [...]
Post-Brexit: M&S chairman sounds alarm on higher prices in Northern Ireland July 21, 2021 The chairman of Marks & Spencer has warned that consumers in Northern Ireland will have to contend with higher prices and fewer products if current post-Brexit customs rules come into force this year. Greater bureaucracy involved in goods entering Northern and the Republic of Ireland is “threatening” Marks & Spencer, Archie Norman said in a [...]
Stripe: Fintech needs to work in tandem with traditional banks, not see them as the enemy July 21, 2021 Necessity may be the mother of invention, but it has a second child in collaboration. When it comes to crunch moments and serious challenges, the human tendency is to put differences aside and work together to find solutions. Take the vaccine rollout. The whole program is an enormous collaboration of academic institutions, public bodies, and [...]
Should the regulator have the power to establish a standardised Code of Ethics for all the chartered accountancy bodies July 21, 2021 Loree Gourley, Chair of the ICAS Ethics Board, considers the BEIS consultation proposal for the regulator to have the power to establish and enforce a standardised Code of Ethics for all the chartered accountancy bodies. The BEIS consultation ‘Restoring trust in audit and corporate governance’ was published on 18 March 2021, with responses being due [...]
Covid: Economic scaring to restrict Sunak from announcing giveaways in spending review July 21, 2021 Long-standing damage inflicted on the UK economy by Covid and surging interest costs will restrict Rishi Sunak from announcing any giveaways in his upcoming spending review, according to new research published today. Forecasts published by the Institute for Fiscal Studies, Britain’s leading independent microeconomic research institute, show the chancellor has little room to manoeuvre due [...]
