Law firms now more willing to hire less skilled candidates in face of nationwide skills shortage February 16, 2022 Law firms are now increasingly willing to hire candidates that do not have the skills they were looking for, as the battle for talent continues. Three quarters (75 per cent) of law firms said they are now willing to be flexible when it comes to a candidate’s skillset, compared to 57 per cent of financial [...]
Hilton eyes return of business travel as revenue more than doubles thanks to Covid jabs February 16, 2022 The Hilton hotel empire is confident of its continued Covid recovery as it eyes the return of business travel in the coming months. Hilton Worldwide Holdings surpassed analyst’s predictions for quarterly profit and revenue in results today. It posted a 106 per cent rise in fourth-quarter revenue, with $1.84bn, compared with $890m for the previous [...]
The dominance of high street banks is waning as they shun small businesses February 16, 2022 Shortly after the financial crisis in 2008, a wave of new UK challenger banks and fintechs began to emerge. The challenge facing this new breed of business was stark. How could these upstarts challenge the incumbent behemoths without the vast scale, established branch networks and centuries old name recognition held by the high street banks? [...]
Russia to embrace crypto as Fitch downgrades El Salvador, KPMG Canada bets on BTC and ETH February 15, 2022 Data from CryptoCompare shows that the price of Bitcoin started the week at around $42,500 and moved up steadily to the $45,000 mark.
Gazprom to ramp up oil drilling to pre-Covid levels February 15, 2022 Gazprom Neft the oil arm of the Kremlin-backed fossil fuel giant, expects to restore oil drilling to pre-pandemic volumes this year.
North/South Divide February 15, 2022 The way in which countries in the Asia Pacific region dealt with the coronavirus pandemic is well documented. Governments in that region reacted swiftly and implemented strict lockdown measures to curb the spread of the virus. However, the recovery and pace of growth has not been uniform across the region, with North Asian countries outperforming [...]
Britain’s productivity has been battered by the scarcity of affordable homes in cities February 15, 2022 Londoners are feeling the squeeze. The Bank of England has forecast the biggest annual fall in living standards for at least three decades: energy costs are surging, and rents are going up by 5.5 per cent. The high cost of housing leads to a worse quality of life in familiar ways, through lower disposable incomes, [...]
Korean firm boosts UK wind plans with £300m investment in Teesside factory February 14, 2022 Korean renewables constructor SeAH Wind will invest up to £300m in a new turbine factory in North East England.
Exclusive: Business tax reliefs jump to record £94bn as number of available reliefs grows to 57 February 14, 2022 The value of tax reliefs claimed by UK businesses reached a record £93.7bn last year, up another 5 per cent from the £89.3bn claimed the year before, according to new data shared exclusively with City A.M. today. The growth in the value of business tax reliefs claimed has been driven by the rise in the number [...]
Morrisons’ owners look to ease fears of a shift away from traditional business model February 13, 2022 The private equity owners of Morrisons have looked to ease investors’ fears that they would renege on commitments to the firm’s traditional business model, as they face a mounting interest bill from loans.