Protestors gather outside Lloyd’s of London over coal mine insurance May 17, 2021 Protests took place today outside Lloyd’s of London in the City and in 12 other locations around the UK over insurance-related environmental concerns. People gathered to demand Lloyd’s stops insuring all coal mines immediately. The protest was designed to coincide with the reopening of Lloyd’s underwriting room. According to pressure group Coal Action Network, Lloyd’s [...]
Rishi Sunak does not back Joe Biden’s global business tax plan May 17, 2021 Rishi Sunak is withholding support for Joe Biden’s draft plan to implement a minimum 21 per cent global business tax rate, with the chancellor wanting more assurances on taxation on US tech giants. Sunak, who is chairing this year’s G7 meetings for finance ministers, has reportedly said he would only support a minimum tax rate [...]
Sterling holds ground as Britain navigates its way out of lockdown May 17, 2021 Sterling held on to recent gains against the dollar today as Britain lifted several lockdown restrictions and took a big step towards reopening its economy. The pound has gained against the dollar for two weeks straight and consolidated near the $1.41 mark this morning. Cafes, bars and restaurants will reopen for indoor service today and [...]
BDO becomes latest auditor to tell staff to work where they like May 17, 2021 BDO has told staff to decide where they would like to work post-pandemic, in a move that adopts a more flexible model than some of its rivals. The challenger audit firm will ask staff to work wherever is most productive, depending upon the task they are doing. For most people this will likely mean a [...]
Can global cities still thrive after the Covid-19 crisis? May 17, 2021 The Covid-19 pandemic has led to many changes in the way people live and work. With many forced to work from home during lockdown, some people are now questioning whether they need to live in the city in which they work. This has prompted much speculation in the media about the future of global cities [...]
Jobs optimism among employers soars to eight-year high May 17, 2021 Optimism among UK employers has hit an eight-year high, with all sectors expecting a post-Covid jobs recovery, according to a new survey. Jobs in the public, private and voluntary sector are all set to surge and pay prospects have also improved, according to the latest labour market outlook report from the Chartered Institute of Personnel [...]
Vistry raises profit target to £325m as housing demand remains high May 17, 2021 Vistry today said its annual profit will come in higher than expectations as the housing sector benefits from a surge in demand. The housebuilder said it had a “very positive start to the year”, securing an average weekly private sales rate of 0.75, up 21 per cent on 2019. Vistry expects to complete around 6,500 [...]
Top shareholders offer support to GSK following activist hedge fund investment May 17, 2021 Several of GlaxoSmithKline’s top shareholders have contacted its chairman to offer support, following concerns activist hedge fund Elliott Management is preparing to push for a shake-up at the group. Shareholders including BlackRock, Dodge & Cox and Royal London are said to have given their support, the Times first reported. The pharma giant has come under [...]
Ryanair says Covid-19 recovery has begun, as budget airline posts a record €815m loss May 17, 2021 Ryanair says Covid-19 recovery has begun, as budget airline posts a record €815m loss
Sanofi and Glaxo see up to 100 per cent efficacy in latest Covid vaccine trial May 17, 2021 The Sanofi and Glaxosmithkline Covid-19 vaccine has shown between 95 and 100 per cent efficacy in phase two of a clinical trial, with a phase three trial expected to start in the coming weeks. The 95 to 100 per cent seroconversion – meaning the transition from the point of viral infection to when antibodies of [...]
