Retailers slash ties with unethical suppliers to tune of £7.1bn in cancelled contracts February 10, 2022 Retailers severed ties with suppliers who did not meet ethical standards to the tune of £7.1bn in cancelled contracts last year. Research published today from Barclays Corporate Banking has highlighted that one in five UK retailers distanced themselves from suppliers who did not meet sustainability or ethics standards. Of those who did slash ties, an [...]
Inside Farrer & Co – the blue-blooded law firm that serves Britain’s aristocracy February 10, 2022 Throughout its 300-year history, Farrer & Co has gained a reputation for being London’s poshest law firm. First established in 1701, the firm is famous for serving the elite and acting on behalf of Britain’s aristocracy. The London firm also has longstanding links to the Royal Family, and currently acts as the Queen’s go-to lawyers. [...]
Marble Arch mound architects slam “nonsensical” premature opening and “barbers” in UK media for negative publicity February 10, 2022 The Dutch architects behind the universally panned Marble Arch mound have hit out at Westminster City Council, the UK media, the builders of the mound, English Heritage and Historic England for the project failing to live up to its promise. In a post on their website, architects MVRDV say “anyone who visited the Marble Arch [...]
End of work from home gives TfL a well-deserved boost to ridership February 10, 2022 Transport for London (TfL) received a well-deserved boost following the end of the ‘work from home’ order. According to data released today, since restrictions were lifted on 19 January, Tube ridership numbers have increased 25 per cent, reaching 60 per cent of pre-pandemic levels. As workers flock back to the Square Mile, stations closest to [...]
Exclusive: Millions of small businesses vulnerable as £672bn of business loans go unprotected February 10, 2022 Around £672 billion of corporate borrowing by SMEs is unprotected, which could leave businesses vulnerable to any future financial shocks. New data from Legal & General, shared exclusively with City A.M. this morning, shows that three in four of all small and medium size businesses in the UK are carrying some form of corporate debt, [...]
SMEs need support February 10, 2022 Since April 2020, as the pandemic started to truly bite, we’ve been getting regular feedback from our UK members about the financial outlook of their SME clients through our monthly ACCA UK and Corporate Finance Network SME Recovery Tracker. The data provides an insightful picture of the ups and downs for SMEs. We’ve seen how [...]
Want fairness? Beware the opportunistic calls for a windfall tax on energy giants February 10, 2022 Both the Labour and the Lib Dems have proposed a “one-off” windfall tax on the profits of UK oil and gas companies to help families struggling with their energy bills. Surely it’s only fair that giants like BP and Shell, making bumper profits, should be asked to pay a little more? Not quite. For a [...]
Go for growth to avoid economic stagnation, experts urge February 10, 2022 Going for growth by avoiding repeatedly hiking taxes to fund an ever-expanding British state is crucial to boosting the country’s economy, experts urged today. Policymakers must escape the trap of choking economic growth by financing further government spending by repeatedly hiking taxes. John O’Connell, chief executive of the TaxPayers’ Alliance, told City A.M.: “Ministers must [...]
Law Society’s pay gap has gotten wider through Covid as men fill higher paying jobs and take home bigger bonuses February 9, 2022 The Law Society and the Solicitors Regulation Authority’s (SRA’s) gender pay gap has widened since the start of the pandemic, according to new figures from the trade body. On average, men were paid 11.5 per cent more than women in 2021, and received 23.2 per cent larger bonuses. By comparison, men only received 10.6 per [...]
Sir AP McCoy joins The Lord Mayor for fundraising event February 9, 2022 The Lord Mayor’s Appeal is galloping into the first of its fundraising events for 2022 with The Lord Mayor, Lady Mayoress, Sir AP McCoy OBE and Lady McCoy joining forces to host an exciting Race Night and Cheltenham Festival preview. The event is taking place on Tuesday 1st March in the spectacular setting of The [...]