Test for London’s fintech sector: Wise listing could turn into ‘volatile affair’ July 6, 2021 Cross border payments company and fintech giant Wise will be admitted to the London Stock Exchange tomorrow morning. No price guidance has been issued, which will mean that the stock price will be determined during the auction, which will be a lengthy one – from 7.50am onwards, with trading to begin just after 11am – [...]
Driver shortages leave gaps on Sainsbury’s shelves July 6, 2021 The boss of Sainsbury’s has admitted the supermarket has struggle to source all of its usual products in wake of a serious lorry driver shortage that has affected multiple sectors. Speaking today following Sainsbury’s quarterly results, CEO Simon Roberts said the supermarket giant had been unable to stock all its usual products because of driver [...]
Vauxhall owner commits £100m to future of Ellesmere Port July 6, 2021 Vauxhall owner Stellantis will invest £100m in the car firm’s plant at Ellesmere in Cheshire, it confirmed this morning, ending months of uncertainty about the future of the factory’s 1,000 jobs. The site will be transformed into a facility for building electric vehicles in another significant coup for the UK car industry. Prime Minister Boris [...]
KKR sets up dedicated team for snapping up UK companies July 6, 2021 KKR will set up a team of dealmakers who will specifically target more UK takeover deals, as the private equity “raid” on British companies reaches record highs. The private equity giant has announced it will expand its global operations to include a new team of five British dealmakers who will focus on snapping up companies [...]
Drink up: Scotch whisky should be the crowning glory of a UK-India trade deal July 6, 2021 Even before a formal trade deal, the relationship between the UK and India was worth £25.5bn in 2019. What is known as an enhanced trade partnership – the precursor to a fully-fledged FTA – is expected to generate new jobs and unlock fresh opportunities for both countries. At the helm of closer ties between the [...]
Having regained control from EU, MPs want to hand policing of the City over to regulators July 6, 2021 Brexit: Having regained control from EU, MPs want to hand policing of the City over to regulators
ICAS urges the UK Government to improve tax administration in ten key areas July 6, 2021 ICAS has published a new report, Tomorrow’s Tax Administration, setting out its top ten priorities for UK Government action to improve tax administration. Why does tax administration matter? Good tax administration is essential, even though it may not feature at the top of many political wish lists. It has a role to play in fulfilling [...]
Sips and tips: London Cocktail Week’s summer showcase looks to boost battered bar scene July 5, 2021 London Cocktail Week has been a staple of the capital’s drinking scene for years – but after a year of closures, lockdowns, and that ludicrous substantial meal rule, it’s needed more than ever. That’s why organisers Siobhan Payne and Hannah Sharman-Cox have launched a warm-up – starting today – to showcase some of the bars [...]
FCA begins listing rules consultation in bid to lure more fintechs to IPO in London July 5, 2021 FCA launches listing rules consultation in bid to lure more fintechs to IPO in London
Cummings: Boris Johnson said it was ‘ludicrous’ he could be PM in 2016 July 5, 2021 Dominic Cummings has claimed Boris Johnson said after the 2016 Brexit referendum that it would be “ludicrous” if he became Prime Minister and that he joined his team in Downing Street to try and direct policy. After David Cameron resigned in 2016, Johnson allegedly said: “Obviously it’s ludicrous me being PM — but no more [...]