New BBC boss promises ‘urgent reform’ amid pressure over funding September 1, 2020 The new director general of the BBC has promised to keep reforming the public service broadcaster “with urgency” as he faces a fierce debate over its funding model. Tim Davie, who took up the top job today, acknowledged that the corporation faced challenges, but insisted it remained relevant in the modern media landscape. “Overall my [...]
How might stocks react to a Biden win? September 1, 2020 Our analysis suggests such an assumption would be premature. It’s not just Covid-19 and the economic slump it has caused that are on investors’ minds. They’re also beginning to worry about the risks surrounding the 2020 US presidential election. The latest polls show that the presumptive Democratic nominee, Joe Biden, is poised to win and the [...]
Covid-19 could be the largest insured loss in history. How can the insurance industry adapt? September 1, 2020 Covid-19 has us all living through a live, catastrophic event. It is dramatic but makes the non-life insurance world a fascinating place to be. There will be significant insured losses from Covid-19 with obvious examples of the Olympics being postponed, Wimbledon and other sporting events being cancelled, and hundreds of thousands of travel insurance claims [...]
Black Lives Matter: City of London Corporation to review ‘problematic’ landmarks September 1, 2020 The City of London Corporation is today launching a review into landmarks and street names that have “historic links to slavery and racism” in the wake of this year’s Black Lives Matter protests. The three-month review will see the local authority ask people which landmarks “they think are a problem and what action they would [...]
Supporting young people’s education will create lasting value for London and the UK August 31, 2020 You’d have to be on a desert island to miss the fact that in recent weeks pupils across the capital have received their A-Level and GCSE exam results. This has been a year like no other. Not only has every school had to adapt and find new ways of working following closures forced by the [...]
Rishi Sunak considers £30bn in post-Covid tax hikes August 30, 2020 Rishi Sunak is drawing up plans to implement £30bn in tax rises to plug the budget black hole left by the government’s coronavirus response. The measures reportedly under consideration include raising corporation tax and capital gains tax, breaking the pension triple lock guarantee and cutting foreign aid. The Sunday Times reports that this would include [...]
Share and share alike: electronically? August 28, 2020 Where – if you’re lucky enough to own shares – do you store the paperwork? A drawer? The attic? Share certificates – possessed by millions of Britons – and dividend cheques seem on a path becoming obsolete. A trend towards digital delivery of shareholder-related communications means that the era of private investors filing away their [...]
Tiktok ‘nears deal’ for sale of US operations after chief exec quits August 27, 2020 Short-form video app Tiktok is nearing a deal for its US operations, CNBC reported today, ahead of a potential ban in the country. The reports come just hours after chief executive Kevin Mayer quit his role at the firm, citing political pressure from the White House. According to the report, Mayer was initially going to [...]
Bitcoin is a game of musical chairs – and the music is stopping August 27, 2020 This headline might be the single most bullish news story for Bitcoin this year: “MicroStrategy® (Nasdaq: MSTR), the largest independent publicly-traded business intelligence company, announced that it has adopted Bitcoin as their Primary Reserve asset, purchasing 21,454 bitcoins for $250 million.” What it means is that 0.1% of all seats in this game have just [...]
The Hut Group plots mega £4.5bn London initial public offering August 27, 2020 The Hut Group today unveiled plans for a £4.5bn float on the London Stock Exchange in a move that is set to land its co-founder a bumper payday. The consumer brands retailer, which is based at Manchester Airport, said in a filing that it intends to carry out a free float of at least 20 [...]