Parliamentary inquiry into Cameron Greensill saga says lobbying rules are ‘insufficient’ July 20, 2021 A parliamentary committee looking into the Greensill saga blasted ex-prime minister David Cameron for the “significant lack of judgement” he showed in his support for the failed firm. The “Lessons from Greensill Capital” report by the Commons Treasury Select Committee found that the current ministerial lobbying rules are “insufficient” and “there is a good case [...]
Young’s sees sales close in on 2019 levels despite Covid-19 restrictions July 20, 2021 Pent-up demand has seen Young’s Brewery’s pubs outperform board expectations as Covid-19 restrictions lift. Despite restrictions on capacity and the ban on indoor drinking for much of the second quarter, the company told markets this morning that sales sat at 95 per cent of 2019 levels. The pub industry has had salt poured in the [...]
Irn-Bru manufacturer A.G. Barr full year profit expected to be ahead of previous expectations July 20, 2021 Having communicated on 30 March that their business was in a strong financial state, the company has been able to kick on in the following months up to now and expects to post “better than anticipated” results. They say that this has been spurred by a number of factors, including: Covid-19 restrictions being relaxed and [...]
Study: Private equity and venture capital professionals work 56 hours a week during pandemic July 20, 2021 Working hours reportedly increased by 4 per cent on average between 2019 and 2020, according to a report by Movemeon.com and Payspective.com, shared with City A.M. this morning. Compiling 35,000 data points, the study was conducted before the second wave. It found that working hours increased by 8 per cent for private equity and venture [...]
Cummings: Johnson resisted lockdown as Covid deaths only among elderly July 20, 2021 Dominic Cummings has alleged that Boris Johnson was reluctant to introduce stricter Covid restrictions amid a surge in cases last autumn because he thought the disease was only killing the over 80s. “I no longer buy all this NHS overwhelmed stuff” Cummings said the prime minister had messaged him. Cummings claimed that Johnson wanted to [...]
Wholesale group Supreme bets revenues on vaping amid lockdown growth July 20, 2021 Wholesale provider Supreme, the company behind 88Vape, has seen its revenue for the smoking alternative alone lift 36 per cent as lockdown smokers tried to kick the habit. The company’s total preliminary revenue was up 33 per cent at £122.3m in the year to 31 March, up from £92.3m in the year prior. Gross profits [...]
Britain’s decarbonising its transport but it’s losing the race against time July 20, 2021 Dozens in Germany and Belgium have died in flooding. This month Canada recorded its three warmest days ever. The planet is warming, provoking more extreme weather, disrupting fragile ecosystems, threatening planetary catastrophe. We need action quickly to meet the targets the global community has set to reduce greenhouse gas emissions. The Mayor of London wants London [...]
Covid unlocking triggers surge in recruitment activity July 20, 2021 The lifting of Covid restrictions triggered a resurgence in recruitment activity among companies over the last three months, new research released today reveals. Totaljobs’ latest Hiring Trends Index shows 41 per cent of businesses increased recruitment activity in second quarter of this year, as firms rushed to rapidly scale staffing levels to cope with soaring [...]
Bridgepoint has taken the unusual step to plan an IPO – how does private equity go public? July 20, 2021 All eyes turned to Bridgepoint this month, after the private equity firm took the unusual step to plan an IPO on the London Stock Exchange. With over £23bn under management, the company hopes to raise over £300million as part of the initial public listing. It is the first-time in nearly three decades a UK-based private [...]
Graduate job openings rise more than twofold July 20, 2021 This year’s graduates will enter a more buoyant job market with firms stepping up efforts to attract the best young talent as the spectre of Covid recedes, new research published today reveals. Figures from Adzuna show graduate job openings increased more than twofold over the last year, rising to 13,543 in July 2021, up from [...]
