London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
Wood Group shares jump despite fall in half-year profit August 18, 2020 Shares in oil services company Wood Group jumped more than nine per cent today as the market cheered its cost cutting and positive full-year projections. Wood Group said profit in the six months to 30 June fell 20.6 per cent as the coronavirus-driven oil price crash hit its global energy clients. Adjusted earnings fell 20.6 [...]
IoD chair resigns after less than two years in the role August 18, 2020 The chair of business advocacy group the Institute of Directors (IoD) has resigned after less than two years in the role. Charlotte Valeur took the job after its former chair Barbara Judge quit after a row over alleged racism, sexism and bullying. However, Valeur has now resigned less than two years into her three year [...]
Marks & Spencer to axe 7,000 jobs within three months amid pandemic August 18, 2020 Marks & Spencer is set to slash 7,000 jobs by December in a huge restructuring brought about by the pandemic, it said today. The high street giant, which was struggling prior to coronavirus, will focus the cuts in its central support centre, regional management and UK stores. It comes on top of 950 job cuts [...]
Uniswap – the DeFi goldmine minting overnight (and daily) Crypto Millionaires August 18, 2020 UniSwap is a name you should know about if you are planning to get in on the current DeFi craze which seems to be defined, to an extent, by extraordinary gains and potentially extraordinary losses – YAM farming comes to mind! Gains in multiples are made in hours and days, not weeks and months like [...]
Being in the right place to do something exciting August 18, 2020 Compliance is often called the most boring job in Banking. The common misconception is that the Compliance Officer’s role is to slam down the rule book on any lucrative ideas the Bank’s employees may have. Called the “hall-monitors” of the bank, being inherently risk-averse is deemed as a necessary characteristic to work in Compliance and [...]
A-levels debacle: Williamson expects to stay in post ‘over the coming year’ August 18, 2020 Education secretary Gavin Williamson has sought to defend the government’s U-turn on A-level and GCSE grading, suggesting the blame lies with the body that decided on the original algorithm. Williamson also said he expected to remain in post “over the coming year”, amid calls for him to step down as a result of the fiasco. [...]
BHP profits dip as it warns of contraction outside of China August 18, 2020 The world’s biggest mining group BHP has reported a dip in profits as it warns that major world economies outside of China will bear the brunt of the downturn. The figures BHP reported attributable profit of $8bn for the year ended 30 June, down four per cent on the previous year. Profit from operations dipped [...]
Huawei: US ramps up sanctions as China tensions grow August 18, 2020 The US last night announced a fresh wave of sanctions on Huawei as it ramped up its efforts to prevent the Chinese tech giant from accessing American technology. The White House has already banned Huawei from buying American products and blocked vendors from using US technology to manufacture components for the controversial telecoms firm. The [...]
7 Reasons why spending with Crypto is broken August 18, 2020 Another week, another avalanche of announcements about companies offering payment gateway solutions to merchants so consumers can spend their crypto more easily. While this makes for decent clickbait headlines, if you peek under the hood even momentarily, you will quickly understand that none of this makes any financial or market sense. 1. Crypto is too [...]
