Boris Johnson’s interventionist obesity strategy will fail. We need more choice, not less to slim down May 25, 2021 Obesity is on the rise like never before. More than one in four people in the UK are now obese, one of the driving forces behind the mortality rate from Covid. In the year leading up to the pandemic, more than a million people were admitted to hospital for obesity-related treatment in England. Record hospitalisations [...]
Kwasi Kwarteng: Nationalisation is least likely route for Liberty Steel May 25, 2021 The UK is considering all options for Liberty Steel but nationalisation is the least likely route, the business secretary has told MPs. In March Sanjev Gupta’s company GFG Alliance, which owns Liberty Steel, asked the government for a bailout of as much as £170m to avert collapse. The insolvency of Greensill Capital, which was among [...]
Best practices for a successful corporate reorganisation May 25, 2021 Partners at Skadden discuss what corporate leadership needs to know to ensure a positive restructuring outcome. SS&C Intralinks’ Ben Collins recently sat down with partners from global legal firm Skadden, a global legal firm that advises corporations, financial institutions and government entities around the world on their most complex, high-profile matters, to talk about how organizations are [...]
Investment professionals must beware of the cyber risks in portfolios May 25, 2021 Internet security blog posts are usually more at home on the inside pages of IT trade publications than on the front pages of international newspapers. The one published by Microsoft Corporate Vice President Tom Burt on 2 March, about the emergence of “state-sponsored threat actor” Hafnium, was a notable exception. A new threat had emerged, [...]
Public sector borrowing shows first year-on-year fall since start of pandemic May 25, 2021 Public sector borrowing is estimated to have been £31.7bn in April, £15.6bn less than in the same month last year when public finances first fell the full impact of the pandemic. The fall in borrowing in April compared with a year earlier is the first annual decline since the start of the pandemic, but last month’s borrowing remains huge [...]
The City View: Accenture Interactive’s Pritesh Gadhia and Salamanca’s Lord Triesman May 25, 2021 A rare bumper episode of the City View sees two fantastic interviews, with Accenture Interactive boss Pritesh Gadhia and crossbench peer Lord Triesman. Speaking to City A.M.’s Andy Silvester, Pritesh offers his views on the workforce of the future, the role of digital transformation in major corporates, and what businesses can do to futureproof themselves [...]
Financial services industry is one of the UK’s biggest contributors to climate change May 25, 2021 Financial institutions are under fire for not doing enough to tackle climate change in the UK, despite the recent focus on green financing. UK banks and asset managers were responsible for financing 805m tonnes of carbon in 2019, equivalent to 1.8 times the annual net emissions of the UK as a whole. The research by [...]
Ofcom calls for BBC to take on ‘independent’ expertise as part of editorial review May 24, 2021 Broadcasting watchdog Ofcom has tonight written to the BBC urging it to take on independent advice from broadcasting experts as part of its review of its editorial policies and governance following the Martin Bashir scandal. The broadcaster today announced that it would carry out the review to make sure the scandal could “never happen again”. [...]
Bank of England felt no Treasury pressure to give Greensill preferential treatment, says Bailey May 24, 2021 The Bank of England did not face pressure from the Treasury or David Cameron to give Greensill Capital preferential treatment in evaluating the firm for a large-scale loan, according to bank governor Andrew Bailey. Bailey told MPs today that lobbying efforts from Cameron did not mean the failed supply chain finance firm had better treatment [...]
60 Seconds with Sculpture in the City’s Stella Ioannou May 24, 2021 Stella Ioannou is Director at Lacuna – Creative Projects Consultancy, the artistic director of Sculpture in the City. This annual urban sculpture park set amidst the iconic architecture of the City’s insurance district has become one of the Square Mile’s cultural highlights. Every summer, the City of London Corporation, in partnership with local businesses, unveils [...]