Baltic ad group BCG plots London IPO June 4, 2021 Baltic Classifieds Group (BCG) has today announced its intention to undertake an initial public offering (IPO) in London. The company, owned by private equity fund Apax Partners, said it expects the offer to consist of both new shares and existing shares to be sold by Apax. It is targeting a free float of at least [...]
AstraZeneca and Alexion swap senior staff ahead of $39bn deal close June 4, 2021 Drugmaker AstraZeneca has poached Alexion Pharmaceutical’s chief financial officer ahead of its acquisition, as the pharma firms shuffle their senior staff. Joining with an £850,000 base salary, Aradhana Sarin will join when the deal closes as both an executive director and chief financial officer if the pharmaceutical firm’s deal for Alexion Pharmaceuticals goes to plan. [...]
Sunak ‘confident’ of tech tax progress ahead of G7 finance meeting June 4, 2021 Chancellor Rishi Sunak has said he is “confident” of making “concrete progress” towards a global deal for taxing digital giants when the G7 finance ministers meet over the weekend. Taxing firms such as Amazon and Facebook has become an area of disagreement between the US and a number of other countries. Earlier this week the [...]
Foreigners’ flight from Hong Kong means Britain must step up even more June 4, 2021 Earlier this month, a survey by The American Chamber of Commerce in Hong Kong found that 42 per cent of foreigners were planning or considering leaving the city, with more than half citing fears over the draconian national security law imposed by China last year. However on Tuesday, Hong Kong leader Carrie Lam brushed aside [...]
The future of accountancy June 4, 2021 ICAS Lecturer, Molly Jamieson CA, discusses the increased use of technology in the accountancy world and the role of accountants in the future. With the introduction of artificial intelligence (AI) and process automation, there has been vast changes to the world of accountancy as we know it in recent years. Changes made include the use [...]
Online spending continues to drive retail sales despite shops open for business June 4, 2021 Online spending grew yet again last month, despite the high street being open for business, suggesting some consumer behaviours adopted during the lockdowns are here to stay. Total online spending rose nearly 10 per cent in May versus the same time last year, according to BDO’s High Street Sales Tracker, despite physical shops being open [...]
Beware the unintended consequences of messing with the secondary ticketing market June 4, 2021 There are few things in life that command unanimous agreement. One is that everyone is delighted that the UK events industry will be starting to return to normal this summer. The return of theatres, concerts, and live events of all kinds will be welcomed by fans. This return is also desperately needed with the entire [...]
London to New York in 3.5 hours? United Airlines inks deal with Boom to make it happen June 3, 2021 New York to London in 3.5 hours? United Airlines inks deal with Boom to make it happen
Major design flaws in Army’s £5.5bn armoured vehicles make delivery ‘unachievable’ June 3, 2021 A leaked government report on the Army’s Ajax Armoured Vehicle Programme identified major design flaws in vehicles. It says delivering the programme on time and to budget is “unachievable”. Problems identified by the Infrastructure and Projects Authority in the report include excessive vibrations and noise. Trials of vehicles were previously paused for four months following [...]
Twitter’s first-ever subscription service goes live June 3, 2021 Twitter today rolled out Twitter Blue, its first subscription service, in Australia and Canada. Users will pay either $3.49 CAD or $4.49 AUD depending on location for access to new features. The service includes features such as a reader mode, the ability to “undo” or edit sent tweets for 30 seconds before they are published, [...]
