Queen’s Award Winners – In their own words May 7, 2021 The Queen’s Awards is the blue riband of business awards. Here winners past and present discuss what winning means to their business. Participating in the conversation were, Simon Gilbert, Founder and Managing Director, Elmore Insurance Brokers. A specialist risk and insurance intermediary offering advisory, broking and claims management services to businesses. elmorebrokers.comRachel Jones, Founder & Head Dragon, Snapdragon Monitoring. Their powerful technology and [...]
Taxman chasing Gary Lineker for £5m over IR35 dispute May 6, 2021 The taxman is pursuing Match of the Day presenter Gary Lineker over a tax bill of £4.9m, linked with IR35 legislation. Lineker, who is self-employed, set up a partnership with his former wife in 2012, which he used to channel his earnings from BT Spot and the BBC. According to tax tribunal documents, published last [...]
HMRC’s fraud hotline inundated with 91,000 calls in first nine months of pandemic May 6, 2021 HMRC’s fraud hotline received more than 91,000 calls during the first nine months of the pandemic, with concerns about furlough fraud likely to be behind many of the calls. On average 10,000 calls per month were made to HMRC’s hotline from April to December 2020, according to HMRC figures, an increase of around 1,000 calls [...]
New City of London Corporation Finance Committee Chairman elected May 6, 2021 Jamie Ingham Clark has today [6 May] been elected as the new Chairman of the City of London Corporation’s Finance Committee. Jamie, who previously served as Deputy Chairman, will lead the Committee responsible for stewardship of the City Corporation’s funds. The Committee aims to ensure the organisation achieves value for money in all its activities and maintains a [...]
Mixed mood among voters as Londoners go to the polls: ‘The City needs to be reborn’ May 6, 2021 Londoners are flocking to polling stations across the capital today to decide on their next mayor. Frontrunner Sadiq Khan said this morning that the election was “going down to the wire” and called it a two-horse race between himself and Conservative candidate Shaun Bailey. In the City, the mood was mixed. Insurance broker Trevor McGarry, [...]
FTSE 100 rises slightly after Bank of England decision May 6, 2021 The FTSE 100 rose slightly this afternoon after the Bank of England monetary policy committee decided to hold interest rates at 0.1 per cent. Across the Atlantic, trading was also stagnant, with Wall Street’s main markets flat at the open. By the early afternoon, London’s premier index was up 0.1 per cent down at 7,047.31, [...]
FTSE 100 ends the day on a high while Dow hits new record May 5, 2021 Heavyweight mining stocks pushed the FTSE 100 higher today while Wall Street opened higher on strong jobs data as the Dow Jones hit a record high. The blue-chip index closed 1.68 per cent higher, buoyed by chemicals group Croda’s shares soaring towards the top of the index after it announced a business review assessment. The [...]
How video games could be the next frontier in the WFH revolution May 5, 2021 By this time last year, most of us were already experiencing Zoom fatigue. A month of working remotely had taken its toll and the endless queue of video meetings seemed to exemplify the creeping malaise of this new way of working. Phil Spencer, head of Microsoft’s games division Xbox, soon came up with a novel [...]
EU urged to bring in tougher climate finance rules May 5, 2021 European Union policymakers today faced a call to break a ‘climate-finance doom loop’ by making banks hold up to three times more capital to cover risks from fossil fuel activities. Finance Watch, which campaigns to improve how finance works for society, has written to EU President Ursula von der Leyen, urging the union to toughen [...]
Hiscox sets aside $47m for freak Texas snowstorm May 5, 2021 Hiscox has reserved $47m for payouts related to storm Uri, a devastating winter storm that raged through the Southern United States in February, with much of the damage concentrated in Texas. Payouts for the insurance industry as a whole stand at around $15bn, according to Hiscox, of which it owes $47m. The deep freeze in [...]