UK overhauls development investment body to challenge influence of Chinese loans November 25, 2021 Foreign secretary Liz Truss has revamped the UK’s development investment arm in a bid to offer emerging economies an alternative source of private capital to Chinese loans that can counter Beijing’s influence and avoid “bad and unsustainable debt.” Truss launched British International Investment (BII) this morning at the London Stock Exchange, a body that will [...]
All Bar One and Harvester owner struggles to shake Covid losses November 25, 2021 The owner of All Bar One, Harvester and Toby Carvery - Mitchells & Butler - has today announced lacklustre financials for the year.
AstraZeneca opens new £1bn research fortress in Cambridge for army of 2,200 scientists November 25, 2021 AstraZeneca has officially opened The Discovery Centre (DISC) in Cambridge, its newest research and development facility which will swing open its doors to 2,200 research scientists from today. The new £1bn facility will include robotics, high-throughput screening and AI-driven technology. It will support AstraZeneca’s focus on specialised and precision medicines and foster the discovery and [...]
Exclusive: Sky Connect’s boss on why half of all SMEs may ditch their broadband provider November 25, 2021 Three quarters of UK small businesses have invested in business broadband during the pandemic, or at least adapted their company to deliver services that can be experienced both in person and online. But despite this, over half are likely to leave their current business broadband provider, Kevin O’Toole, managing director at Sky Connect, the B2B [...]
City Moves: Who’s switching jobs in the Square Mile today? November 25, 2021 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. Deloitte Deloitte’s Financial Advisory practice has hired a new partner in its Financial Institutions Group (FIG) Corporate Finance M&A Group, to help offer advisory services to banking clients. Joining from investment bank Alantra after beginning his career at Lloyds [...]
The time has come for a football regulator with teeth November 25, 2021 The point of free-market capitalism, which this paper subscribes to with whole-hearted support, is not that the animal forces of supply and demand should be left perfectly unchecked. For that reason, we set a level playing field – from the Financial Conduct Authority to the Competition and Markets Authority, we put safeguards in place to [...]
Stop patching – start rewriting: modernising tax administration November 25, 2021 An unsuspecting taxpayer might assume that the Taxes Management Act 1970 (TMA) would tell them all they need to know about complying with their tax obligations – and HMRC’s powers to enforce that compliance. However, they would be disappointed. What is wrong with TMA? Since 1970 there have been major upheavals in the rules for [...]
Merkel era nears end as Scholz is put forward as new German chancellor November 24, 2021 The three parties negotiating to form Germany’s next government have agreed that Olaf Scholz will be the country’s next chancellor.
Collectivino: The ethical wine company making it easy to drink good wine November 24, 2021 Sustainability is the current watch word in wine. As bottle weights and recyclability are increasingly discussed, companies must at least nod in an environmentally friendly direction or risk falling behind competitors. People are increasingly aware of the impact their choices make on the planet but buying ethical wine sustainably can be a tricky thing to [...]
India poised to ban private crypto ownership with stringent bill November 24, 2021 India’s government said late last night that it would reintroduce a bill which could ban most crypto ownership and establish a CBDC.