Prudential share price tumbles as Jackson Life demerger gets pushed back May 13, 2021 Prudential’s demerger of its US arm Jackson Life has been pushed back to the second half of the year, the insurer announced today, causing its share price to tumble. The group had originally hoped to complete the demerger in the second quarter of this year, however it has now been pushed back to Q3 or [...]
BoE’s Cunliffe sees strong case for UK digital currency May 13, 2021 Bank of England Deputy Governor Jon Cunliffe today said he could see good reasons for the central bank to launch its own digital currency. Cunliffe said the Covid crisis had accelerated the shift away from ‘public’ cash issued by the BoE and in favour of ‘private’ money used for online payments. “We may not be [...]
Morrisons offers lockdown entrepreneurs chance to sell products in stores May 13, 2021 Morrisons has launched a scheme to offer UK entrepreneurs the chance to sell their products in store and online as more consumers look to support small and local businesses. A record number of new businesses were set up last year – rising 13.25 per cent to 772,002 – as budding entrepreneurs used lockdown to focus [...]
Exclusive: Hydrogen fueling firm Element Two kicks off £30m funding round May 13, 2021 Hydrogen refuelling firm Element Two has today kicked off a new funding round as it looks to raise £30m in equity and debt to build up its network of distribution stations. The company, which is planning to deploy over 800 pumps onto the UK network by 2027, and 2000 by 2030, will use the proceeds [...]
DEBATE: Should the Tokyo Olympics go ahead? May 13, 2021 Gonzalo Brujo, Global President, Interbrand says Yes If it is possible to carry out the Tokyo Olympics without jeopardising the safety of the public, the volunteers or athletes, they should go ahead. Consumers and competitors were already prepared for the absence of an international audience, and the rise of a virtual audience in the next games. [...]
Watchdog gives UHY Hacker Young a slap on the wrist for shoddy audit May 13, 2021 The Financial Reporting Council (FRC) has given what it described as a “severe reprimand” to UHY Hacker Young for its audit of a Malaysia-based rubber manufacturer. The FRC declared UHY Hacker Young’s 2016 audit of Inch Kenneth Kajang Rubber (IKKR) was unsatisfactory, and as a result told the accountancy firm to give staff involved in [...]
Crypto AM & Digital Inclusion Summit – one week to go… May 13, 2021 The countdown is on! There are just seven days to go before the welcome speech begins for the Crypto AM DeFi & Digital Inclusion Online Summit.
Facebook loses appeal over investigation into Giphy takeover May 13, 2021 Facebook has lost an appeal over the regulatory probe into its acquisition of Giphy. The social media giant announced plans to buy Giphy last May but the Competition and Markets Authority (CMA) then said it was looking into whether it could cause a “substantial lessening of competition in any market or markets in the United [...]
Over a quarter of EU adults are unlikely to take a vaccine, survey says May 13, 2021 More than a quarter of adults in the European Union are unlikely to take the Covid-19 vaccine when offered the jab, a survey has shown today. The results suggested a meaningful link between vaccine hesitancy and the use of social media, particularly where social media is the main source of information, according to Eurofound, also [...]
Now we know what tonic the Queen puts in her royal gin May 13, 2021 Royal warrants have been issued since the 15th century to supply the royal court and royal personages with swag. The Queen has granted 686 Royal Warrants, the Prince of Wales 159, and The Duke of Edinburgh 38. This week Devon’s Luscombe’s Drinks became the official supplier of mixers. Buckingham Palace already has its own gin [...]
