Frost warns UK-EU relationship doomed without agreement over Northern Ireland Protocol July 8, 2021 Boris Johnson’s defacto Brexit minister has warned that UK-EU relations post-Brexit will not succeed unless the issues with the Northern Ireland Protocol are solved. Lord David Frost said today that the future of Northern Ireland is “so fundamental to getting this relationship right”. “The issues around the protocol are central to the tensions between us,” [...]
Cairn Energy wins freeze on India-owned assets worth €20m in Paris July 8, 2021 UK-listed Cairn Energy wins a freeze on some of India’s state-owned assets in Paris, worth over €20m (£17m), as the company dials up the pressure on the government of India to pay an arbitration award that it won last year. Cairn said the freeze was ordered by a French tribunal on around 20 centrally located [...]
Business leaders double down on hitting ESG targets July 8, 2021 British business leaders are strongly committing to hitting their ESG targets, new research published today shows. Figures compiled by Accenture, the global professional services firms, show 88 per cent of UK business leaders would not go back on their environmental, social and government commitments to meet earnings targets. Read more: Sunak reveals new climate impact [...]
PM reveals Asda woes over post-Brexit Northern Ireland Protocol July 7, 2021 Asda is facing unnecessary checks on its goods crossing from Great Britain to Northern Ireland due to onerous post-Brexit red tape, according to Boris Johnson. Johnson said there are some “very serious problems” with the way the EU was implementing the post-Brexit Northern Ireland Protocol and that movement needs to happen “pretty fast” to fix [...]
Lorry drivers allowed to work longer hours as fears of empty shelves grow July 7, 2021 Truck drivers will be able to drive for longer hours from Monday in a bid to relieve the current shortage of haulier operators, the government today announced. Transport minister Grant Shapps tweeted: “We’re aware of a shortage of HGV drivers, so I’m announcing a temp extension of drivers’ hours rules from Monday 12 July, giving flexibility to drivers & [...]
Senior staff at financial services firms to have pay based on diversity performance July 7, 2021 Senior managers at financial services firms could have their renumeration based on their company’s diversity and inclusion performance under new rules announced today. The Financial Conduct Authority, Prudential Regulation Authority and the Bank of England are seeking feedback on proposals put forward to improve diversity and inclusion in financial services. “Linking progress on diversity and [...]
Wise valued at £8bn in London’s biggest ever tech float July 7, 2021 Wise, one of Britain’s biggest fintech firms, has seen its valuation hit £8bn after listing on the London Exchange this morning, marking a major boost for the capital’s tech scene. Shares in the payments group, formerly known as Transferwise, began trading at £8 each in its eagerly-awaited stock market float. It follows an auction process [...]
Ocado deploys lorry drivers to help with national shortage as more names ask government for help July 7, 2021 Ocado has had to deploy some of its own lorry drivers to help its suppliers get stock to its warehouses amid a national shortage of lorry drivers. CEO Tim Steiner told trade magazine The Grocer that Ocado itself was handling the ongoing driver shortage well, but that some of its suppliers were struggling. “We are [...]
Foxtons’ chair steps down in wake of ‘impaired’ trading performance July 7, 2021 Chairman Ian Barlow has announced his intention to step down from Foxtons’ board later this year, after the estate agent’s share price plummeted during the Covid pandemic. Barlow will step down no later than 31 December 2021 after nearly nine years on the board. Foxtons has had a tough year fending off criticism from [...]
Rip-off travel ads ‘rife’ on Google as scammers exploit Brexit confusion July 7, 2021 Rip-off copycat adverts for travel documents are “running rife” on search engines such as Google as unscrupulous sellers look to capitalise on confusion over post-Brexit travel arrangements. An investigation by consumer group Which found scores of copycat ads were appearing for common travel documents such as health cards, visas and international drivers’ licences. These adverts [...]