A small price to pay: we must avoid compulsory home working for the City December 6, 2021 As Christmas approaches, there’s a clear sense of excitement in the air – a feeling that this Christmas will be better than last. There can be no doubt that 2021 has brought us closer to what feels like normal life. Britain’s vaccination programme has helped to protect the most vulnerable from Covid-19, and allowed our [...]
London markets brace for another week of Omicron volatility December 5, 2021 London markets are set for another whipsawing week driven by investors responding sharply to any news on the Omicron variant. The capital’s premier FTSE 100 index was extremely volatile last week, fluctuating between good and bad days. The blue-chip index ultimately finished the week higher, but failed to cancel out all of the losses registered [...]
Rishi Sunak starts planning tax cuts in lead up to next election December 5, 2021 Rishi Sunak has begun to plan a series of Income Tax cuts before the next election, after he promised Tory MPs in October that he would be ease the tax burden by the end of this parliament. The chancellor plotted out increases in Corporation Tax and National Income Contributions this year, that will increase the [...]
Trump’s social media raises $1bn from investors December 5, 2021 TRUTH Social, the new social media launched by Donald Trump’s Trump Media & Technology Group (TMTG), has raised $1bn from investors, after entering a subscription agreement with spac Digital World Acquisition Corporation (DWAC). The former US President said the $1bn funding “sends an important message to Big Tech that censorship and political discrimination must end.” [...]
2,200 branches: Owner of Boots plotting £10bn sale of 172-year old pharmacy chain December 4, 2021 The parent company of Boots is reportedly considering putting the pharmacy chain on the market next year, according to news reports this morning. US retail giant Walgreens Boots Alliance (WBA) is lining up advisers from Goldman Sachs to explore a potential sale of the pharmacy, Sky News wrote. City A.M. understands that a potential valuation [...]
‘Americans will be licking their lips’: Export of UK lamb to US from January as three decade-old ban ends December 4, 2021 Exports of British lamb to the United States are set to resume in January. The Department for Environment, Food and Rural Affairs (Defra) announced that the United States Department of Agriculture (USDA) has amended the rule which currently prevents imports of lamb from the UK into the US. The amended “small ruminant rule” will come [...]
BitcoinPoint becomes UK’s first FCA registered crypto asset firm with ATM cash-out facility December 3, 2021 London-based fintech firm BitcoinPoint has secured approval from the Financial Conduct Authority (FCA), obtaining a Registered Cryptoasset Firm Licence
Exclusive: BDO’s managing partner on audit reforms, staffing issues and the company Christmas party December 3, 2021 This week accounting giant BDO saw its profits jump to over three quarters of a million pounds per partner, putting them ahead of their peers at rival firms EY and KPMG. At £760,000 per BDO partner, the firm leads the payout battle as EY partners were paid an average of £749,000 this year and KPMG [...]
My career may be over but ‘I couldn’t give a s**t anymore’ after fatal ‘Rust’ shooting, says Alec Baldwin December 3, 2021 Alec Baldwin has denied pulling the trigger in the fatal shooting of Halyna Hutchins on the set of Rust, and added that his acting career may be over. The actor, 63, accidentally shot and killed cinematographer Hutchins when a prop gun he was holding went off during filming for the Western in New Mexico. In [...]
Blockchain.com to launch its own NFT platform December 3, 2021 Crypto exchange and wallet provider Blockchain.com has announced plans to launch a marketplace for NFTs.