Which values do we value? Companies want to ‘give back’ but they need to walk the walk July 23, 2021 As we emerge from a tumultuous year, defined by the first global pandemic for over a century, there have been many calls to build back a better, greener, more inclusive world. Corporate leaders need to heed those calls. There are encouraging signs that something is changing from the better. A first of its kind “values [...]
City of London Corporation calls for workers to return to Square Mile July 22, 2021 The City of London’s local authority has called for a mass return of office workers to the Square Mile now Covid restrictions have almost entirely been lifted, saying that “the economic bounce back has to start now”. Chris Hayward, the City of London Corporation’s deputy policy and resources chair, said the Square Mile had to [...]
Restore shares soar after shooting down Marlowe’s ‘unsolicited’ £743m bid July 22, 2021 Data management services firm Restore had its shares sent flying today after it rejected a £743m ‘unsolicited’ bid from business services and software company Marlowe. Restore rejected the offer almost immediately, adding that it is the second “unsolicited, highly conditional, non-binding” offer in just a few weeks. Shares in the data management firm rocketed 14.2 [...]
ECB holds rates at record low to fuel inflation July 22, 2021 The European Central Bank has kept interest rates at a record low in a bid to stimulate higher price growth to help it reach its two per cent inflation target. The central bank of the 19 nations that share the euro said it intends to keep rates at historic lows for longer than first estimated. [...]
City’s law firms navigate choppy pandemic seas with aplomb July 22, 2021 Despite the disruption caused by Covid-19, City law firms have continued to display strong financial results as senior partners head off on long-awaited summer breaks. Ashurst, currently advising Morrisons on a £6.3bn takeover, saw their revenue rise 10 per cent from £644 million to £711 million. Additionally, profit per equity partner rose 15 per cent [...]
Football review chair: Game could face “existential crisis” without reform and regulation July 22, 2021 Tracey Crouch, the former sports Minister tasked with a review of football governance in the UK, has written to the Culture Secretary to say “football authorities have lost the trust and confidence of fans.” In her interim findings, Crouch calls for an independent regulator of football clubs to monitor in particular financial regulation, corporate governance [...]
Archie Norman granted £1.75m ‘singing-on’ fee to join board of Bridgepoint July 22, 2021 Chairman of M&S Archie Norman has been offered a rare signing-on fee of £1.75m to join the board of newly floated buyout group Bridgepoint as the senior independent director. As Bridgepoint took the unusual step of listing on the London Stock Exchange on Wednesday, Norman’s onboarding fee was buried in registration documents detailing the terms [...]
Lex Greensill was given ‘extraordinarily privileged’ access to government, finds report July 22, 2021 A Boris Johnson-sanctioned probe into the lobbying efforts of Greensill Capital has found its owner was given “extraordinarily privileged” access to the highest reaches of government. The report also critiqued the government’s handling of the UK’s lobbying system, which it said gives access to a “privileged few” like former Prime Minister and Greensill Capital adviser [...]
Trans belonging from the boardroom to the bathroom July 22, 2021 DiverCity® Podcast · Trans inclusion and Belonging: From the Bathroom to the Boardroom Trans inclusivity is dependent on a range of interconnected factors for which we all have a shared responsibility There are some voices whose experience and stature demands they be heard, and whose expertise and actions are driving change at some of the [...]
Tokyo 2020: What Covid-19, no fans and public opposition mean for sponsors and the International Olympic Committee July 22, 2021 The 60,000 seats of Japan’s national stadium, built for the Tokyo 2020 Olympics, are coloured in muted shades of green, brown, beige and grey. Architect Kengo Kuma chose those tones to fit his vision of the stadium, which he wanted to look as natural and organic as possible. Timber is the most visible material and [...]