Chartered Accountants must lead and champion the ICAS ethical values – the foundations for trust July 8, 2021 Every Chartered Accountant (CA) must demonstrate the highest ethical standards to fulfil their profession’s duty to the public interest. “On the subject of being uncomfortable with the ethical responsibility of leadership, the 2021 Edelman Trust Barometer found that 86 percent of people surveyed worldwide now expect CEOs to speak out on controversial social issues, with almost two-thirds [...]
16 years on from 7/7 bombings: Survivor warns ‘world is a dangerous place’ July 7, 2021 Sajida Mughal OBE was one of the survivors of the 7/7 bombings and 16 years later she remembers the attack that almost claimed her life. She said “the world is no safer than it was 16 years ago, its still a dangerous place.” “For example, there has been the rise in far-right extremism and I’ve [...]
City Moves: Who’s switching jobs in the Square Mile this week? July 7, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Ex-abrdn CEO appointed chair university board The former CEO of Standard Life Aberdeen, now known as abrdn, has been appointed chair of the University of Sussex Business School’s advisory board. [...]
Insurance chief Nick Lyons picked as new Lord Mayor of London July 7, 2021 Insurance bigwig Nick Lyons has reportedly been appointed as the next Lord Mayor of London after a secretive election in the Square Mile. Lyons, who is chairman of insurer Phoenix and a board member of Bupa, is said to have been picked for the role last night by the City of London Corporation’s Court of [...]
Levelling up will fail if Boris Johnson pushes for a nationwide approach July 7, 2021 The phrase “levelling up” has permeated the political lexicon over the past year or so, but few seem to know exactly what it means or how to do it. Andy Haldane, outgoing Chief Economist at the Bank of England, put some flesh on the bones at a timely Policy Exchange seminar last week. For Haldane, [...]
UK small businesses rack up £3.5bn in Amazon export sales July 7, 2021 Small and medium-sized British businesses selling on Amazon recorded over £3.5bn in export sales last year, according to figures released by the tech giant. Amazon said more than 14,000 UK SMEs surpassed £100,000 in sales in 2020, while over 1,000 reached £1m in sales for the first time. The top five categories in which customers [...]
US lobby groups gear up to fight Biden corporate tax hikes July 6, 2021 US business lobbying groups are preparing to stop new corporate tax hikes in a spending bill linked to the bipartisan $1.2tr (£870bn) infrastructure deal. As reported by Reuters, the US Chamber of Commerce, the National Association of Manufacturers, the National Retail Federation and other wealthy lobby groups plan to sway a handful of Democrats against [...]
Test for London’s fintech sector: Wise listing could turn into ‘volatile affair’ July 6, 2021 Cross border payments company and fintech giant Wise will be admitted to the London Stock Exchange tomorrow morning. No price guidance has been issued, which will mean that the stock price will be determined during the auction, which will be a lengthy one – from 7.50am onwards, with trading to begin just after 11am – [...]
Fiena is London’s first female-only ‘adventure’ members’ club July 6, 2021 As we approach the beginning of the end of Covid restrictions, it seems clear that the way we work and socialise will be drastically different going forward. Despite most firms being desperate to see a full return to office life, it seems likely that we’ll settle into a more flexible routine. But even those who [...]
Gary Lineker still BBC’s top paid star despite pay cuts July 6, 2021 Gary Lineker is still the BBC’s highest-paid star despite taking a pay cut last year as the corporation looks to slim down its hefty wage bill. The former England footballer and Match of the Day presenter earned £1.36m, the BBC’s latest annual report showed, down from £1.75m the previous year. It comes after Lineker, who [...]