Audit reform – Two minds are better than one June 2, 2021 The UK might not have won Eurovision 2021, indeed it suffered the humiliation of scoring nil points, but it has certainly led the current race on audit and wider corporate governance reform. The Department of Business, Energy and Industrial Strategy (BEIS) issued its consultation ‘Restoring trust in audit and corporate governance’ in March with a [...]
Exclusive: Businesses call on govt to set global standards on environmental impacts June 1, 2021 Businesses are calling on the government to set clear global standards for recording their impact on the environment. A host of CEOs from across the business world, including James Timpson and Schroders’ Peter Harrison, have said that making it cheaper and easier for firms to record their environmental impact would make it easier not just [...]
Office politics: Hybrid working will make WFH look like a walk in the park June 1, 2021 The pandemic has disrupted society on every level. For the world of business, the first national lockdown brought about seismic changes, as entire offices were sent home and IT systems were overhauled within the space of a week or two. But incredibly, this rapid shift to home working was the easy part of the journey [...]
Transport for London secures £1.08bn emergency funding deal June 1, 2021 Transport for London has secured a £1.08bn emergency funding deal with the government to provide financial support during ongoing Covid-19 restrictions. The latest cash injection, agreed with the Department for Transport, will cover the period from 29 May until 11 December. The funding package is designed to contribute to the organisation’s revenue loss due to [...]
Crowdcube launches IPO platform for retail investors June 1, 2021 Crowdcube has today announced the launch of a new IPO platform as minister plan to reduce the dominance of institutional investors in listings. The UK crowdfunding company allows retail investors to xxx . It will offer a service for public as well as private share sales from this summer, the Financial Times reported. “These community [...]
Billionaires eye Bitcoin as crypto-related services expand June 1, 2021 CryptoCompare's Francisco Memoria gives us a rundown on what's happened in the cryptocurrency world over the last week.
UK could rake in £14.7bn annually from Biden’s tax plan, think tank says June 1, 2021 The UK could rake in an extra £14.7bn every year by adopting US president Joe Biden’s ambitious tax proposal, according to the Institute for Public Policy Research today. Biden’s proposal for a new global minimum corporation tax rate of 21 per cent could bolster the UK’s recovery finances post-pandemic and Brexit, the Institute for Public [...]
Artificial Intelligence, Social Media, and the Future of Investing June 1, 2021 Witnessing the recent GameStop event, it was clear that for better or worse, the little guy, or many, many little guys, had briefly beaten Wall Street at its own game. While GameStop was fuelled primarily by the collective action of many, the voice of only one person, echoed by others, can have similar influence. For [...]
City has lost a great green advocate but the fight will continue May 31, 2021 Last week the City of London, and dare I say the world, lost a key advocate of the role the financial sector plays in the fight against climate change. Sir Roger Gifford, Lord Mayor of the City of London in 2012-13 and Chair of the Green Finance Institute, was instrumental in driving forward the green [...]
Canadian firm votes for City of London with two property mega deals in pipeline May 30, 2021 Canadian private equity giant Brookfield is set to buy City of London property Plantation Place for a whopping £635m – the biggest office deal since Covid-19 changed working patterns and emptied offices. The deal is expected to complete this week, the Sunday Times first reported, with Brookfield also in separate talks to buy Milton Gate, [...]