Imelda is back: Remarkable comeback for widow of late dictator Marcos as former First Lady is set to become Philippines’ First Mother May 9, 2022 As polling stations in the Philippines are about to close, the son of late dictator Ferdinand Marcos is set to become the country’s next president. His near-certain victory means a remarkable comeback for his mother, the legendary Imelda Marcos, who dominated Filipino politics, together with her husband, for over two decades before being forced into [...]
Apple executive hands in notice amid return to office policy May 9, 2022 An Apple executive has handed in his notice after the firm demanded that employees return to the office three days a week.
EU membership vs lost trade: Forget extra NHS cash, Brexit costs Britain £173m every week, or £1m per hour May 9, 2022 Remember the Brexit bus promise: ‘We send the EU £350 million a week. Let’s fund our NHS instead. Vote leave’? The truth increasingly seems that quitting the European Union means there is £173m a week less to spend on the NHS, according to calculations based on recent ONS and UK Government data. Weighing up the [...]
Derwent London throws £240m at Moorfields healthcare site May 5, 2022 Derwent London has thrown nearly £240m towards buying a hospital and research centre site, as the capital’s healthcare and pharmaceutical real estate space catches the eyes of investors. The commercial developer has bought the City Road Island site, the location of the Moorfields Eye Hospital and the UCL Institute of Ophthalmology, after the pandemic highlighted [...]
Virgin Money UK reports profit boost thanks to rising interest rates and unsecured lending May 5, 2022 Virgin Money UK posted a boom compared to 2021 figures, with underlying profit increasing 58 per cent to £388m, reflecting stronger income.
City Moves: Who’s switching jobs in the Square Mile? May 5, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Kingswood Wealth and investment management group Kingswood Holdings has hired an EY veteran as a technology transformation lead to develop the firm’s recently launched online client portal. Christopher Calvocoressi, who joins from Schroders Personal Wealth, will be [...]
Boris Johnson needs to find the Tory heartlands before he fights for them May 5, 2022 The biggest challenge facing the Conservative Party is not just the growing question of who leads it but also where in the country it can build an electoral majority. Put simply: is the future heart of conservatism likely to be in Southern home counties or in the post-industrial towns of the North and Midlands? The [...]
Half of all staff may leave: Apple braces for exodus of workers as return-to-office order does not fly well May 5, 2022 Staff at iPhone and laptop giant Apple are reportedly so unhappy with the company’s return-to-office policy that half of all workers is considering to leave. In March, Apple informed most of its employees they would be expected to return to the office on 11 April, and the company made clear it expects its staff to [...]
Take the Brexit bus: Brits living in Spain no longer allowed to drive after deal collapses May 4, 2022 Tens of thousands of British nationals living in Spain are no longer able to use their current licence as the UK and Spain have failed to reach a post-Brexit deal on the use of British driving licences. From 1 May, British expats in Spain are hit by a driving ban as they are no longer [...]
UK watchdog launches probe into tiny accountancy firm King & King over Sanjeev Gupta audits May 4, 2022 The UK’s accounting watchdog has launched an investigation into four audits carried out by little-known accountancy firm King & King, of firms linked to embattled steel magnate Sanjeev Gupta. The Financial Reporting Council (FRC) said it would be probing King & King’s audits of financial results posted by four of separate companies linked to Sanjeev [...]