Pension vehicle strikes £67m affordable housing deal with Bromley council August 31, 2021 The Pension Insurance Corporation (PIC) has invested £67m in an affordable housing deal with the London Borough of Bromley. The investment vehicle is aiming to help alleviate local emergency homelessness in the South London borough. The investment will be used to purchase up to 300 affordable properties outright. Through this it aims to reduce the [...]
Range of investors circle Teesside superport as offers could hit £2bn August 30, 2021 The battle to win a £2bn takeover of Britains fifth largest port, Teesside’s PD Ports, has gained the attention of numerous investors. The site which was recently awarded a low-tax freeport status has become a target for the Duke of Northumberland’s Northumberland Estates, Legal & General, Credit Suisse joined with the Pension Insurance Corporation. Teesport [...]
Cazoo cash: Newspaper tycoon Lord Rothermere moves closer to taking Daily Mail private August 27, 2021 The successful listing of used car business Cazoo means that newspaper tycoon Lord Rothermere moves a step closer to taking the company behind the Daily Mail, Mail on Sunday and Metro newspapers private. DMGT owned a stake in Cazoo and Lord Rothermere had said if the company could join the New York Stock Exchange successfully, [...]
Over 2m people receive less than £100 per week from state pensions August 26, 2021 More than 2m Brits receive less than £100 per week from state pension payments it has been revealed. Data analysed by Hargreaves Lansdown showed that millions of British pensioners are paid under the full state pension rate, which stands at £179.60 per week for those who retired after April 2016 and £137.60 per week for [...]
Air Canada latest carrier to make vaccination mandatory for employees August 26, 2021 Air Canada has this morning announced that all employees and new hires will have to be vaccinated against Covid-19, the latest carrier to announce such a step. From 30 October employees will have to report their vaccination status, while being fully inoculated will become a condition of employment on the same date. Failure to get [...]
Landlords still losing rental income from pandemic August 26, 2021 One in five landlords are planning to sell property because of the pandemic’s financial impact, according to a survey. More than half (51 per cent) of landlords are still losing rental income as a result of the pandemic, research from landlord insurance provider Simply Business has shown. Some 47 per cent of landlords said they [...]
City watchdog fires warning shot at insurance industry over lack of preparedness for fresh regime August 25, 2021 The UK’s City watchdog has fired a warning shot at the insurance industry by urging firms to rapidly improve their standards to ensure they comply with a fresh regime that comes into effect in just six weeks. According to a new report published by the Financial Conduct Authority today, insurance firms are not ready for [...]
Delta Air Lines to impose $200 monthly levy on unvaccinated staff August 25, 2021 Delta Air Lines will charge employees an extra $200 a month for their corporate healthcare plan if they refuse to take a Covid vaccine, it announced today. The airline’s chief, Ed Bastian, said the additional cost was necessary to insure against the financial risks of being responsible for unvaccinated staff. Bastian pointed to the $50,000 [...]
EY handed fine for botched Stagecoach audit August 25, 2021 The Financial Reporting Council (FRC) has landed EY and its Audit Engagement Partner, Mark Harvey with £2.3m in fines. The FRC said that an EY audit of StageCoach, an international travel company, “did not satisfy the audit reporting requirements” for the 2016-2017 financial year. Claudia Mortimore, the Deputy Executive Counsel to the FRC said: “the [...]
Crypto AM is delighted to announce MELD as a Gold Partner August 25, 2021 We are delighted to announce that MELD will be a Gold Partner at the upcoming Crypto AM London Blockchain & DeFi Summit and Awards.