HSBC’s £36bn pension scheme pledges to be net zero by 2050 at the latest October 8, 2021 HSBC’s pension scheme, one of the largest corporate pension schemes in the UK, has pledged to achieve net zero carbon emissions by 2050 or sooner. In the run up to COP26, an increasing number of activists have zeroed in on fossil-fuel investing pension funds and wider financial institutions like HSBC and Lloyds for carbon-heavy investments. [...]
Opinion-in-brief: Talking down to London won’t level up the country October 8, 2021 Boris Johnson’s conference speech may have been in his signature comedic style but many in London’s business community are concerned for their future today. A cumulative crisis in business conditions is threatening our recovery. The capital has seen a distressing number of corporate casualties and is now facing supply chains issues, labour shortages and inflation. [...]
Ireland scraps low corporation tax to fall in line with global peers October 8, 2021 Ireland is set to hike its corporate tax rate from 12.5 per cent to 15 per cent, as the country signs up to a global tax reform for minimum rate internationals. Its low tax rate had previously drawn in tech giants like Apple and Facebook, who both centre their European operations there. The reform, finalised [...]
Pandemic recovery: London minister expects the capital to ‘be the last to bounce back’ – CityAM : CityAM October 8, 2021 London’s post-pandemic recovery is expected to take longer than the rest of the country, due to the sheer scale of the capital. Minister for London, Paul Scully has cautioned that while the city – a business and financial hub – would usually be one of the first areas to bounce back following a recession, this [...]
Baroness Helena Morrissey on the skills professionals need to thrive in a post-pandemic world October 8, 2021 Something which you can always rely on in the City is constant change. However, the changes born out of necessity over the last year or so have left many of us feeling disconcerted, admits Baroness Helena Morrissey. “In some ways [change] is a good thing,” said Helena. “It allows us to get used to adapting, [...]
City of London Corporation will not remove statues of slavers : CityAM October 7, 2021 The City of London Corporation has U-turned on its decision to remove controversial statues of a slave owner and slave trader from its Guildhall headquarters. The Square Mile’s local authority said the statues of Sir John Cass and William Beckford would remain in place, but will have “plaques or notices placed alongside them, with contextual [...]
JustEat orders to offices soared last month October 7, 2021 JustEat has said orders of delivery food to offices has almost doubled in September, compared to June. The number of companies ordering food to the office last month grew more than 170 per cent when compared to last September. Office delivery sales have increased by more than 150 per cent from July to September, the [...]
What’s the story? Sairah Ashman on why brand matters more than ever October 7, 2021 This article first appeared in ICAS’ CA magazine. Branding, for both your business and personal profile, has gained in importance over the past two years. Sairah Ashman, Global CEO of creative consultancy Wolff Olins, tells Lysanne Currie why the brand matters more than ever in a post-pandemic, values-led world When Sairah Ashman was little, her mum [...]
City of London Corporation calls for extension to UK clearing house access to EU October 6, 2021 The Square Mile’s local authority has called on Brussels to extend the EU’s access to City clearing houses beyond next year to ensure financial stability. The City of London Corporation’s policy chair Catherine McGuinness said in Paris today that “the issue of clearing is a real worry for many of us in the City”. The UK’s [...]
Ireland drops opposition to global corporation tax deal October 6, 2021 Ireland has dropped its opposition to raise global corporation tax rates to 15 per cent, bringing a deal to level the business tax regime a step closer. Discussions between Ireland’s finance minister, Paschal Donohoe, and other kingpins driving the agreement among countries that represent around 90 per cent of the global economy has yielded positive [...]