Bankers on track for record bonuses this Christmas October 24, 2021 City bankers could take home a bumper payout in time for Christmas following a year of record dealmaking and capital raising activity. With many city banks gearing up for bonus discussions in the coming weeks industry experts have predicted that bonuses could reach their highest level in over a decade, the Telegraph first reported. It [...]
ITV and Michael Grade eye Channel 4 takeover October 24, 2021 The former chief executive of Channel 4 Lord Grade and ITV are reportedly mulling takeover bids amid government plans to privatise the network. Lord Grade, who was at the helm of Channel 4 between 1988 and 1997 and also chaired the BBC and ITV, is considering snapping up the network The Times first reported. Earlier [...]
Rishi Sunak admits UK has ‘no magic wand’ to stop rising inflation October 24, 2021 Rishi Sunak has said he has no “magic wand” to stop increasing inflation as he admits that the issue could be out of the UK’s control. Sunak today said increasing rates of UK inflation were down to global supply chain issues post-Covid and surging global energy prices and that there was little he could do [...]
U.S. withdraws digital tax tariff threat for European countries October 22, 2021 The United States has withdrawn its tariff threat against five European countries over their digital services taxes. As part of a deal, Austria, Britain, France, Italy, Spain get to keep their digital taxes in place until a global tax agreement comes into force in 2023. The countries had agreed to withdraw their digital services taxes [...]
Tesco and ASOS call for legal crackdown on human rights abuse October 22, 2021 Tesco and ASOS are among more than 30 retail businesses and investors have called for a new UK law to prevent human rights abuse. Some 36 household names – including Primark and John Lewis – have issued a joint statement calling for fresh human rights and environmental due diligence law. A legal review by Blackstone [...]
McLaren interview: North America, NFT’s and Drive to Survive October 22, 2021 Spanning five continents and 17 time zones, Formula 1 is a truly global sport. But with the expansion of the calendar in recent seasons and the increasing presence in the digital and online space, F1 teams are taking special interest in one market in particular: North America. McLaren are a case in point. The English [...]
Hedge funds make millions as Spac shares soar post Trump deal October 22, 2021 Hedge funds made millions in potential gains as the shares of a special purpose acquisition company (Spac) that merged with Donald Trump’s new social media soared to 421 per cent yesterday, the Financial Times reported. Called Digital World Acquisition Corporation, the Spac’s shares rose from $9.96 to $51.90, closing at $45.50 – a 357 per [...]
Britain to slide down tax rankings after hikes, warns Thatcherite think tank October 22, 2021 Britain risks falling behind its international rivals if it imposes a more punitive tax regime. The combination of the new health and social care levy, hiking corporation tax and withdrawing the super-deduction will push the UK down to 30th out of 37 rich nations for tax competitiveness, research by the Thatcherite think tank the Centre [...]
UK seals deal to end Digital Services Tax and transition to global system October 21, 2021 The UK has agreed to scrap its Digital Services Tax on online giants like Amazon in a move that will stop Joe Biden slapping tariffs on British goods. An agreement was struck with the EU and US yesterday on how to transition from the Digital Services Tax to a new global system agreed by G20 [...]
Exclusive: Team work, customer service and product quality biggest casualties of the pandemic October 21, 2021 As workers have returned to the office, many companies are looking to break bad habits that have been formed during the Covid-19 pandemic. Working together and team collaboration, or rather the lack of, may be one of those. More than wo fifths of UK employees said their company became a less appealing place to work [...]