City Moves: Who’s switching jobs in the Square Mile? April 21, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Future Specialist media platform Future has a new UK group commercial director, who brings more than three decades experience to the position. Clare Dove, who has held senior commercial roles at Condé Nast and Trinity Mirror, will help the company identify new [...]
Our judicial system is failing as courts and the profession lose their lustre April 21, 2022 As we finally emerge from the worst of the pandemic, things like the Nightingale Courts might be a fading memory. Much like the Nightingale Hospitals, they were set up to deal with urgent cases and individuals who couldn’t have their needs addressed remotely. In the case of the courts, they were a genuine commitment to [...]
Amazon European retail arm paid no taxes on €51bn of sales in 2021 April 20, 2022 Amazon's European retail business reported losses of €1.16bn (£963m) in 2021 allowing the company to pay no income tax.
Coca-Cola exec spared jail after accepting £1.5m in bribes April 20, 2022 A senior manager at soft drink manufacturer Coca-Cola has handed a 20 month suspended sentence after accepting bribes worth £1.5m. A judge at Southwark Crown Court handed 56-year-old Coca-Cola executive Noel Corry a 20-month suspended sentence and ordered him to carry out 200 hours of unpaid work. The Coca-Cola exec’s conviction comes after Corry admitted [...]
How a Fordham psychology graduate became a hit down the crypto rabbit hole April 20, 2022 Milana Valmont always knew she would become an entrepreneur – but she never thought it would be a crypto entrepreneur.
Are the days of the US dollar as world’s reserve currency numbered? April 20, 2022 The US dollar has been the world’s reserve currency for more than 100 years, but how long will it be before we seen a new unit of exchange replacing it
Just Eat slashes profit guidance for year and mulls sale of Grubhub April 20, 2022 Just Eat has said it has lowered its profit guidance for the year and is mulling the sale of its US arm Grubhub. The delivery service said that “management is currently, together with its advisers, actively exploring the introduction of a strategic partner into and/or the partial or full sale of Grubhub.” “There can be [...]
Homes for Ukraine scheme: tax treatment April 20, 2022 The Government has announced that sponsorship payments under the Homes for Ukraine scheme will not be taxable and that the conditions for some tax reliefs will be adjusted to take account of the scheme. Homes for Ukraine scheme The scheme allows individuals, charities, community groups and businesses in the UK to bring Ukrainians to the UK and [...]
Driving seat: Uber picks up former British Airways exec as UK lead April 19, 2022 A former Aviva and British Airways executive has been selected to take a role in the driving seat of Uber's UK division.
The City View: Michael Hewson on Germany’s Russian energy oversights and Merkel’s legacy April 19, 2022 Today Andy Silvester talks to Michael Hewson, Chief Markets Analyst at CMC Markets. They go through the latest IMF forecasts, which included downgrades and the worst growth forecast in the G7 for the UK; Germany’s exposure to energy price fluctuations, the mounting pressure to reduce its dependency on Russian oil and gas, and Angela Merkel’s [...]