Bye bye Bibi: Netanyahu could be on way out after opposition parties strike deal June 3, 2021 A coalition of opposition parties has struck a deal to remove Israeli Prime Minister Benjamin Netanyahu from power after twelve years. Centrist Yair Lapid has engineered a group including Jewish nationalists and Arab-Israelis into a wafer-thin majority in the Knesset after years of electoral deadlock in the country. If the deal makes it through Parliament [...]
Sensor maker Chemring on track despite headwinds June 3, 2021 FTSE 250 defence firm Chemring today said it was on track to hit its full year targets as both profit and revenue jumped in the first half. The company said that underlying profit before tax was up 12 per cent to £27.2m, while revenue grew 4.0 per cent to reach £198.5m. The Romsey-based firm, which [...]
UK firms set to slash office space in pivot to hybrid work June 3, 2021 UK firms appear ready to take the leap to hybrid working despite being unconvinced by the productivity benefits, new research today suggests. Data from PwC shows that major employers are set to reduce their office portfolio by up to 9m square feet, equivalent to 14 Walkie Talkie buildings, due to the pandemic. Of the 258 [...]
US slaps tariffs on UK goods in push for global tax deal June 3, 2021 The US has slapped new trade tariffs on six nations including the UK as President Joe Biden seeks to corral fellow economies into backing his proposals for a global tax deal. After announcing tariffs worth 25 per cent against $2bn worth of goods from the UK, Italy, Spain, Turkey, India and Austria, the White House [...]
Darktrace: What we learned from building a £2.5bn UK success story June 3, 2021 There were just a handful of us clustered around a Bloomberg screen waiting for the moment that Darktrace would finally be launched onto the London Stock Exchange. In the end, that’s what a float comes down to – the final few seconds before the clock ticks round to 8am and the numbers start moving. If [...]
Corporate Britain needs to wage war on jargon and speak like the people they are trying to serve June 3, 2021 Gilbert and Sullivan are not primarily known as great gurus of business. But their 1893 operetta Utopia, Limited is an unlikely but rather acute insight into the idea of the modern corporation. Improbably based on the Joint Stock Companies Act 1862, William Gilbert’s script and lyrics tell the story of corporate purpose, in words that [...]
Chartered Accountants will bring about lasting change by embracing sustainability June 3, 2021 Anne Adrain says now is the time for Chartered Accountants to spread their ESG skills throughout the business sector. Environmental, social and governance (ESG) concerns are mainstream and critical to business success. Yet, despite the speed with which customer and investor thinking has evolved, many firms haven’t adapted accordingly. That’s where Chartered Accountants (CAs) come [...]
UK looks to slash tariffs on Scotch whisky exports in Australia trade deal June 2, 2021 The UK is looking to slash tariffs on Scotch whisky exports in a potential Australia trade deal, according to the Department for International Trade. International trade secretary Liz Truss has made it a priority to slash the five per cent tariffs on Scotch whisky in the deal to increase opportunities for domestic distillers. Australia is [...]
Working from home and face masks measures may remain after 21 June, Hancock says June 2, 2021 Health secretary Matt Hancock has not ruled out retaining guidance on face masks and working from home after 21 June in a bid to allow the majority of coronavirus restrictions to be lifted. Speaking at the Jenner Institute in Oxford, Hancock cautioned that it was too early to make a definitive call on moving to [...]
Travel abroad will be safer this summer and the UK’s green list update should reflect this June 2, 2021 Travel abroad will be safer this summer and the UK's green list update should reflect this
