Embarrassed Royal Navy orders flagship to head home after journey from hell and loss of £100m fighter jet December 9, 2021 The aircraft carrier HMS Queen Elizabeth, with seven warships and a submarine, is on its way back to the UK after a dramatic first journey, which has been dogged by incidents including the loss of a £100m fighter jet at sea. The Royal Navy flagship set off from Portsmouth Naval Base following a visit by [...]
FCA’s boss reveals the watchdog is having a hard time signing up data and tech specialists December 9, 2021 City watchdog the FCA has revealed it is struggling to hire in-demand technology specialists. Financial Conduct Authority (FCA) chief executive Nikhil Rathi told MPs on the Treasury Select Committee that it was having to “manage the challenges” of hiring, particularly for data and technology roles. Rathi said the “hot” jobs market and moves by big [...]
City A.M. PA Awards: This year’s pandemic-era winners December 9, 2021 City A.M.’s PA Awards crowned five winners on Wednesday, who were recognised for their dedication and effort to their businesses after a turbulent year. There was around eight times more nominations than in previous years, after personal assistants (PA) were among the “hardest hit” amid the pandemic, awards judge and founder of C&C Search Lucy [...]
UK exports to provide £176bn boost despite supply chain challenges December 9, 2021 UK manufacturing exports will bring in £176bn to the domestic economy, according to new research from financial giant Barclays.
Growth capital business a key focus for long-term strategy at Numis, says co-CEO December 8, 2021 City broker Numis this morning reported its full year revenue swelled nearly 40 per to hit £215.6m, as a buoyant IPO market coupled with stabilised markets and rising deal fees helped the firm deliver its second record annual revenue performance in a row. Profit before tax doubled in the year to September 30, which Numis [...]
Pfizer and BioNTech confirm third booster jab ‘neutralises’ Omicron December 8, 2021 The manufacturers of a coronavirus vaccine used across the world have today confirmed a third dose “neutralises” the Omicron variant. Pfizer and BioNTech said receiving a booster jab produces similar levels of protection against the virus yielded from two doses of the vaccine. “Results from an initial laboratory study demonstrating that serum antibodies induced by [...]
Tax disadvantage affecting Scottish partnerships to be removed December 8, 2021 In 2020 ICAS called for a tax disadvantage affecting Scottish partnerships to be removed, so we were pleased to see the recent government announcement that the relevant legislation will be amended. What’s the problem? The UK capital gains tax regime allows a roll-over style relief for CGT where joint owners of land exchange their interests [...]
NFTs – the death knell of mortgages? December 8, 2021 The advent of blockchain, distributed ledgers and automated market makers has now allowed the exchange of titles instantly with 100 per cent surety on their authenticity at all times.
End of an era: Taylor Wimpey CEO Pete Redfern stepping down after 14 years December 8, 2021 Taylor Wimpey said this morning that Pete Redfern will step down as CEO, after more than 14 years in the role. The company said he will leave the business once a successor has been appointed ” to ensure a smooth and orderly transition.” The board said it will consider both internal and external candidates. Pete [...]
Fintech Equals surpasses profit goals early as its pivot pays off December 8, 2021 Fintech payments group Equals announced that it significantly exceeded full-year revenue expectations this morning, with a 51 per cent boost to £40.4m, compared to a previous £26.8m for the same period in 2020.