Amazon to create 10,000 UK jobs this year May 14, 2021 Amazon today announced that it would create 10,000 new jobs in the UK in 2021 as the online giant expands its workforce in the country. It said that it would also invest £10m over three years to train up 5,000 of its staff using its “Career Choice” programme. The firm has partnered with the British [...]
Climate change tracker hits record low as progress gathers pace May 14, 2021 The current pace of progress will result in temperatures rising by 3.6°C above pre-industrial levels, events of the first quarter of 2021 suggest. The implied temperature rise last summer was 3.9°C. In this update Schroders’ Global Head of Sustainable Investment comments on changes in oil and gas investment and carbon pricing. What is the Climate [...]
Sanne Group rejects private equity firm Cinven’s £1.35bn buyout offer May 14, 2021 UK private equity firm Cinven said this morning that Sanne Group, an alternative asset and corporate services business, has rejected its £1.35bn buyout offer. The company said it is now considering all options, and has until 11 June to make a firm offer or walk away. Earlier this month Cinven made a proposal of a [...]
Brexit transfers: Barclays, Goldman Sachs and Morgan Stanley move senior City dealmakers to the EU May 14, 2021 Investment giants Morgan Stanley, Goldman Sachs and Barclays have started to move a range of senior bankers from their offices in Canary Wharf and the City to financial hubs across the EU. Ongoing uncertainty over the UK’s access to the EU’s financial services market, combined with pandemic damage and pressure from local regulators, has led [...]
Too late for UK-EU ‘fish for finance deal, say City of London Corporation May 13, 2021 It is too late for the UK to strike a “fish for finance deal” with Brussels to ensure the City gets renewed access to the EU, according to a top City of London Corporation official. Nick Collier, managing director of the City of London Corporation in Brussels, said at a Best for Britain event today [...]
David Cameron says he was paid ‘generous amounts’ by failed Greensill Capital May 13, 2021 David Cameron has told MPs today that he was paid a “generous amount” by failed Greensill Capital and that he did not think the firm was in trouble when he lobbied a slew of ministers and officials on behalf of the firm. Cameron told Westminster’s Treasury Select Committee that his almost 60 emails, texts and [...]
This is what top holiday spots would look like if all the bees died May 13, 2021 Everybody likes bees. Fuzzy, buzzy little fellas, zipping around the place making honey. And everybody knows that bees are dying at a frankly terrifying rate, threatening to bring the earth’s entire ecosystem crashing down in their wake. A new project by Parkdean Resorts helps to bring home just how vital these stripy insects are to [...]
Square Mile policing priorities set out May 13, 2021 Speaking at the Court of Common Council today, City of London Police Authority Board (PAB) Chair, James Thomson, set out its policing priorities for the City of London Police (CoLP). He said: “Our vision for the City is to make it the safest business district in the world, and for the City of London Police [...]
Watchdog gives UHY Hacker Young a slap on the wrist for shoddy audit May 13, 2021 The Financial Reporting Council (FRC) has given what it described as a “severe reprimand” to UHY Hacker Young for its audit of a Malaysia-based rubber manufacturer. The FRC declared UHY Hacker Young’s 2016 audit of Inch Kenneth Kajang Rubber (IKKR) was unsatisfactory, and as a result told the accountancy firm to give staff involved in [...]
75 per cent of nightlife venues face bankruptcy when rent moratorium ends May 13, 2021 There is a £2.5bn pandemic-induced rent crisis brewing in the nightlife industry, according to the Night Time Industries Association (NTIA), which has urged the government today to offer a solution. Rising rent arrears threatens to bankrupt 75 per cent of commercial tenants in the sector, once the government’s rent moratorium ends in July, the nightclubs, [...]