Women account for a third of financial services boards, report says July 19, 2021 Women now make up a third of boards at 200 of the top British financial firms according to a report, as the government marks five years since it set out to improve gender balance in the male-dominated sector. The number of females on company board has risen to 32 per cent, think tank New Financial [...]
House prices surge 5.7 per cent to reach another record high July 19, 2021 Property prices have reached another record high, highlighting that demand in the housing market is still running hot, new figures released today reveal. The average price of a property coming to market jumped 5.7 per cent annually to £338,447 in July, according to property search site Rightmove. Prices rose 0.7 per cent over the last [...]
Carr’s lifts full-year expectations after boosts to agriculture and engineering July 19, 2021 Agriculture and engineering group Carr’s board has announced a lift to its full-year trading expectations today after a strong quarter. Speciality agriculture continues to perform strongly across the UK, USA, and Europe in the 20 weeks to 17 July. Carr’s put the growth down to buoyant livestock prices and the recovery of its animal health [...]
Ready meal firm Parsley Box reports steady growth fuelled by repeat orders after London IPO July 19, 2021 Parsley Box reported active customers were at record levels after a surge in new customers earlier in the year, but things had begun to “normalise” post-lockdown. The Edinburgh-based company, which targets the “baby boomer” generation, this morning reported unaudited first half revenue of £14m, an increase of 26 per cent over the same period last [...]
Surging inflation to add £10bn to government’s debt burden July 19, 2021 Surging inflation is likely to add £10bn to the government’s debt burden, putting further pressure on the UK’s public finances. Around a quarter of the government’s stock of debt is linked to the retail price index, meaning the Treasury needs to increase interest payments to savers if prices rise. Read more: UK inflation hits 2.5 [...]
Morrisons push ahead with plans to open automated grocery store as ‘pingdemic’ continues to hit supermarkets July 19, 2021 Morrisons are said to be close to unveiling an unmanned pilot store to the public “within months”, as they look to follow Amazon’s lead in modernising the approach to grocery shopping. The store will rely on shoppers to scan their smartphones upon entry before having digital cameras follow their every step in store to check [...]
Scotch Malt Whisky Society owners enjoy sales growth despite Brexit export issues July 19, 2021 The Artisanal Spirits Company, the owner of The Scotch Malt Whisky Society, has enjoyed a 28 per cent lift to online sales in the UK despite minor membership growth. Despite last year’s lockdown spurring on drinking habits, the spirits company pulled in £1.7m in the six months to 30 June, in comparison to £1.3m during [...]
Diversity drive? EY offers senior female staff golf lessons in bid to catch up with peers July 19, 2021 Diversity in senior positions is a problem all City leaders face, but one firm has taken the term “diversity drive” to new lengths. Female consultants at a London division of EY have reportedly been offered golf lessons so they don’t miss out on networking around the tee. Staff at leading professional service firms have identified [...]
Opec+ reach deal to ramp up oil production July 19, 2021 The alliance of oil producing countries have reached an agreement to ramp up oil supply. Opec+ will increase oil production by 400,000 barrels a day in a move expected to dampen soaring oil prices. As part of the deal, the group will reverse an existing cut of 5.8m barrels per day by September next year. [...]
Exclusive: Two City lawyers on a mission to make their fintech the ‘Amazon of Islamic finance’ July 19, 2021 Islamic Finance Guru (IFG), a UK-based Islamic finance platform, has closed an investment round led by Outward venture capital, as the market for Islamic fintech grows. The UK-based startup has raised £3m from Outward VC and B&Y Venture Partners. The news come just a week after the Boubyan Bank Group announced that the world’s first [...]
