PMI: Eurozone business activity grows at fastest pace for 15 years July 5, 2021 Business activity in the Eurozone expanded at its fastest rate for 15 years in June, driven by strong performances by the manufacturing and service sectors. The latest IHS Markit Composite Output Index for the Eurozone rose to 59.5 in June, up from 57.1 in May. The reading was the highest since June 2006 and marked [...]
Boris Johnson to press ahead with 19 July ‘Big Bang’ freedom day July 5, 2021 Boris Johnson will today announce an end to most coronavirus restrictions in England from 19 July, as the nation prepares to “live with coronavirus”. The Prime Minister will set out how the vaccine programme has allowed the government to move away from legal restrictions on everyday life to a more voluntary approach. New health secretary [...]
UK management consultancy industry smashes forecasts with £12bn revenue July 5, 2021 The UK’s management consultancy industry has grown at double the rate expected for this year, with revenue hitting £12bn, according to the industry’s representative body. The report by the Management Consultancies Association (MCA) found exports have doubled, despite working from home orders across the UK. “The global attractiveness of the UK consulting sector, the second biggest in [...]
New car registrations up as lockdown end nears July 5, 2021 The total number of cars registered grew in June from the same period last year, however new registrations still lag pre-pandemic figures, which raises questions about further growth in the industry. A total 186,128 new cars were registered in June, according the Society of Motor Manufacturers and Traders (SMMT), up 28 per cent on the [...]
Top pay at US law firms climbs to over £150k for London’s new solicitors July 5, 2021 Legal practice for the elite has thrived in London despite the pandemic, as an increasing number of US law firms have upped their pay for new solicitors. Houston-based firm Vinson & Elkins last month confirmed its new starting pay of £153,400, up four per cent from the year prior. The Texan firm topped the ranks [...]
Wise exec: London tech scene already at ‘critical mass’ despite Brexit July 5, 2021 A senior exec at London fintech darling Wise has said Brexit “won’t get in the way” of the capital’s tech ecosystem continuing to thrive. Speaking on City A.M.’s podcast, the firm’s Chief Financial Officer Matt Briers said that while many elements including recruiting have become “harder,” the tech climate is “already at critical mass.” Read [...]
Jeff Bezos’s Amazon reign ends today exactly 27 years after he founded the company July 5, 2021 Jeff Bezos’s reign at Amazon ends today, exactly 27 years after he founded the company that changed the landscape of online retail forever. Bezos founded Amazon on this day in 1994 and in that time has seen it transform from an online retailer specialising in selling books into a global profit-churning e-commerce phenomenon. Read more: [...]
Watchdog with power to prosecute property developers for safety failures to be set up July 5, 2021 A new watchdog will be set up with the power to prosecute property developers who fail to meet safety standards. The decision to create a new regulator is designed to prevent a repeat of the Grenfell Tower disaster, which killed 72 people in 2017. A spokesperson for the Ministry of Housing Communities and Local Government [...]
Forward Partners announces intention to float in London July 5, 2021 Forward Partners, the London-based venture capital firm, announced on Monday morning that it intends to list in London. The firm said it will seek admission of its shares to trade on AIM, the London Stock Exchange’s junior market. The company expects to raise at least £25m from the share sale. The funds raised will be [...]
John Lewis to build 10,000 rental homes July 5, 2021 Retailer John Lewis will build 10,000 rental homes over the next few years, in a move into the residential property market. Tenants will have a choice of renting fully furnished with John Lewis products or using their own, according to reports. The move will give the business a long-term, stable income, and provide new job [...]
