Exclusive: Meet the serial entrepreneur on a mission to close the UK’s digital skills gap – CityAM : CityAM August 31, 2021 Businesses across the UK are increasingly sounding the alarm about the growing digital skills gap in the UK and, according to some, the failure of the government to address this issue properly. Earlier this summer, a group of London businesses called on Education Secretary Gavin Williamson to tackle London’s growing skills shortage, warning that the [...]
Pension vehicle strikes £67m affordable housing deal with Bromley council August 31, 2021 The Pension Insurance Corporation (PIC) has invested £67m in an affordable housing deal with the London Borough of Bromley. The investment vehicle is aiming to help alleviate local emergency homelessness in the South London borough. The investment will be used to purchase up to 300 affordable properties outright. Through this it aims to reduce the [...]
Lady Diana: Today marks 24 years since Princess of Wales died in a Paris car crash August 31, 2021 Today marks twenty-four years since Diana, Princess of Wales, died in a Paris car crash. The princess – the Duke of Cambridge and the Duke of Sussex’s late mother – was just 36 was she was killed on 31 August 1997. Nearly a quarter of a century on from Diana’s shock death, the statue commissioned [...]
Animal Rebellion activists block UK’s largest dairy factory August 31, 2021 A group of 70 animal rights activists have blockaded the UK’s largest dairy factory to highlight the farming industry’s contribution to climate change. In the early hours of this morning, 30 Animal Rebellion activists locked themselves to a giant bamboo structure and concrete barricades in front of the Arla Foods distribution centre in Aylesbury. Police [...]
New record for UK data watchdog as it handed out £42m in fines last year August 31, 2021 The value of ICO fines issued in the past year was the highest on record at £42m, up 1,580 per cent from the £2.5m in fines issued the previous year, reveals research from RPC, the international law firm. The rise is driven by a £20m fine issued to an airline and an £18.4m fine to [...]
Haiti needs our help after another devastating earthquake August 31, 2021 The City of London Corporation will be donating £25,000 donation to the British Red Cross for its Haiti Earthquake Appeal – and we’re urging other City organisations to also show their support. While the ongoing situation in Afghanistan has captivated the world’s attention, there has been less awareness around the humanitarian crisis on the other [...]
Range of investors circle Teesside superport as offers could hit £2bn August 30, 2021 The battle to win a £2bn takeover of Britains fifth largest port, Teesside’s PD Ports, has gained the attention of numerous investors. The site which was recently awarded a low-tax freeport status has become a target for the Duke of Northumberland’s Northumberland Estates, Legal & General, Credit Suisse joined with the Pension Insurance Corporation. Teesport [...]
Dividend payments threatened by new pension rules August 30, 2021 New rules could force blue-chip companies to allocate spare funds to pension schemes instead of increasing dividend payments after the pandemic. Actuarial firm LCP warned that companies should not underestimate the significance of the new Pension Schemes Act 2021, speaking to The Times. The fresh legislation was drawn up to avoid situations like the Carillion [...]
Wall Street scales to yet more record highs after Powell signals Fed will taper stimulus this year August 27, 2021 US markets were propelled to yet more record highs today after the chair of the US Federal Reserve indicated the central bank may start to wind down stimulus measures this year. The S&P 500 touched a record high today, before paring back slightly to rise 0.90 per cent to 4,510.49 points during early afternoon trading. [...]
Extinction Rebellion target the City, with Guildhall and StanChart doused in paint August 27, 2021 In the group’s fifth consecutive day of action Extinction Rebellion (XR) activists have vandalised Guildhall and the headquarteres of Standard Chartered. In a video shared on Twitter police could be seen clashing with protestors as the green rabble rousers painted red streaks and pressed handprints onto the bank’s main entrance. Activists also targeted the Guildhall. [...]