The 2.6 Challenge: A simple idea to help those who help May 2, 2020 Last Sunday, thousands of runners and spectators should have been turning the capital’s streets into a colourful carnival at the 40th edition of the London Marathon. Instead, across the UK people of all ages were running, cycling, hopping, skipping, cooking, flipping, cartwheeling, bouncing, dressing up and having fun to fundraise in a uniquely British way. [...]
IG revenues grow amid sustained period of market volatility April 24, 2020 IG has reported “exceptionally high” revenues reflecting increased levels of client trading amid a sustained period of market volatility. High levels of volatility have persisted through March and into April. As such, revenue in the first 36 trading days of the fourth quarter is estimated to be around £173m. This compares to £139.8m in the [...]
Queen’s Award for International Trade brings sweet smell of success for SA Designer Parfums April 21, 2020 SA Designer Parfums was founded in 2001 by the Mehta family and has grown from its humble origins to be an innovative force in the world of fine fragrance. It specialises in the manufacturing and distribution of fragrances either owned or operated under license. The current brands in the company portfolio comprise a variety of [...]
Oxford Summer Courses wins Queen’s award for sustained international growth April 21, 2020 Oxford Summer Courses, a growing education provider founded by two Oxford graduates, has won an award for outstanding achievement in the International Trade category of this year’s Queen’s Awards for Enterprise. The awards recognise the commercial success of British companies in international trade as well as their commitment to corporate social responsibility. The Oxford-based firm [...]
Cru Wine getting the balance right with astute and nimble investments April 21, 2020 Very often timing is everything. That certainly proved the case for Gregory Swartberg when he started Cru Wine Ltd (CWL) in 2013, which he initially operated by himself around his full-time job as a strategic consultant for big names in the city. The 31-year-old Dutchman’s first employee came two years later, when he finally decided [...]
Banks urged to collaborate with fintech firms amid competition from digital rivals April 21, 2020 Traditional banks must collaborate with fintech firms if they are to offer the best customer experience and stay relevant in the modern market, according to a report published today. While lenders have invested heavily in front-end IT infrastructure, their efforts are lagging behind the norm in other sectors, according to the World Fintech Report 2020. [...]
Polling shows three-in-four people want post-coronavirus tax cuts April 20, 2020 Almost three-in-four people want to see tax cuts to reboot the economy after the coronavirus crisis, according to new polling. A poll by Survation/Adam Smith Institute showed there was overwhelming support, 72 per cent of people, for a reduction in taxes to “try and increase economic growth and jobs”, particularly among younger adults. Of those [...]
Coronavirus: A lockdown exit strategy to save the economy April 20, 2020 Releasing people aged 20-30 years-old who no longer live with their parents could provide the first step out of lockdown in the UK, researchers suggest. The strategy could help policymakers to balance the health risks associated with COVID-19 and the need to avoid an “extraordinary recession”. The UK is currently locked down in an attempt [...]
Coronavirus crisis could affect 59m jobs across Europe April 20, 2020 The devastating economic effects of the coronavirus lockdown could affect 59m jobs across Europe, according to a reporting published today by consultancy giant McKinsey. The research said 26 per cent of total jobs across the 27 member state of the European Union plus the UK could be affected by reductions in hours or pay, temporary [...]
UK must beef up coronavirus economic response, says think tank April 16, 2020 The UK government must take “further radical policy steps” to tackle the economic fallout from coronavirus, a think tank has said, amid huge uncertainty over the length of the outbreak. The Resolution Foundation praised the government’s response so far, which includes £330bn of lending and a scheme to pay furloughed workers’ wages. Yet it said [...]