Culture Corner: Your guide to summer in the City July 1, 2021 Culture in the City this month kicks off with Alexander Sitkovetsky performing on 1 July with the London Concertante Orchestra in Southwark Cathedral. The London Concertante have a full and varied programme which you can watch and stream at your leisure too. Alexander and his world renowned trio, the Sitkovetsky Trio, have a new album [...]
Double jabs will be a ‘liberator’ for travel, Johnson insists July 1, 2021 Boris Johnson this morning insisted that “double jabs will be a liberator” when asked whether fully vaccinated people would be able to travel to and from amber list countries by July 26 without having to isolate on return. Speaking while visiting Nissan’s plant in Sunderland, the Prime Minister said: “Everybody who is frustrated about travel over [...]
CEOs who weighed into GB News learnt a valuable lesson on the power of politics July 1, 2021 If CEOs learn anything from the campaign to boycott GB News and the fallout generated by companies’ responses, it is that they ignore politics at their peril. Over the last half-century, one of the most important shifts in the business world has been corporate leaders recognising they have wider responsibilities to society as well as [...]
Bailey attempts to quash inflation fears July 1, 2021 Andrew Bailey has reiterated that the Bank of England is not concerned about the recent surge in inflation, attempting to quash mounting concerns that price rises may soon spiral out of control. Speaking at his annual Mansion House speech, the Governor of the Bank of England moved to temper fears that prices in the UK [...]
Boots owner Walgreens rises earnings forecast as US vaccine rollout boosts revenue July 1, 2021 Walgreens Boots Alliance, the owner of pharmacy chain Boots, has raised its 2021 earnings growth forecast after higher pharmacy sales and Covid-19 vaccine rollouts in the United States helped it beat third-quarter revenue expectations. Walgreens had been relying on gains from administering Covid-19 vaccines to tide over losses from low prescription volumes and a weak flu season [...]
Shell to ‘quit California joint venture with ExxonMobil’ July 1, 2021 Shell is reportedly planning to quit its California-based joint venture with fellow oil supermajor ExxonMobil as it looks to accelerate its transition away from fossil fuels. Four sources told Reuters that the FTSE blue chip had informed Exxon that it intended to exit subsidairy Aera Energy, in which it holds a 52 per cent stake. [...]
Boris Johnson says ‘extra precautions’ for Covid may still be needed after 19 July July 1, 2021 Boris Johnson has today warned that “extra precautions” in England may be needed beyond 19 July when Covid restrictions are set to be eased. The Prime Minister said he will be “setting in the course of the next few days what step four will look like exactly”, but gave no indication about potential Covid rules [...]
Sunak reveals new climate impact disclosure rules July 1, 2021 Chancellor Rishi Sunak has today announced plans to introduce new rules to force firms to reveal their impact on the climate. Speaking at Mansion House, Sunak announced that businesses across the economy will have to report on the impact they are having on the climate and environment. “We’re launching new requirements for businesses and financial [...]
Activist investor Elliott piles pressure on Walmsley with call for change at GSK July 1, 2021 The US activist hedge fund launched a scathing attack on GlaxoSmithKline’s management and called for a shake-up of the UK drugmaker’s board. Elliott Management urged GSK to name new board directors and launch a review of Emma Walmsley’s leadership of the company, in its first public push for change since its investment in April. In [...]
Gap to close all 81 stores in UK and Ireland July 1, 2021 American retailer Gap has confirmed it will close all its 81 stores in the UK in a phased exit and move online-only for the region. The US fashion giant said it would close the stores in a “phased manner” between the end of August and end of September. It comes just a few weeks after [...]
