G4S shares surge as it revises up earnings forecast July 13, 2020 Shares in security firm G4S have jumped nine per cent after it said a strong June has “significantly” boosted first-half earnings. In a short update, the international company said its “underlying earnings for the first six months of 2020 will be significantly above market consensus”. G4S put this down to “a resilient trading performance during [...]
Brexit: A quarter of British businesses ready for end of transition period July 13, 2020 Less than a quarter of British business leaders are ready for the end of the Brexit transition period on 31 December, according to a new survey. A new survey from the Institute of Directors out today showed just 24 per cent of company directors thought their businesses were “fully prepared” and 19 per cent are [...]
Labour to boycott Facebook for one month over BLM concerns July 12, 2020 Labour has begun an advertising boycott of Facebook, after the platform has been accused of not removing racist posts in the wake of the Black Lives Matter protests. The party, which spent more than £1m on Facebook advertising during the last election, will not use the social media giant to place ads for the next [...]
Rishi Sunak eyes post-Brexit tax cuts for UK ‘freeports’ July 12, 2020 Chancellor Rishi Sunak will reportedly look to slash taxes and red tape to a cluster of cities and towns next year to provide a post-Brexit economic boom for Britain. The Sunday Telegraph reports that Sunak is drawing up plans to create 10 “freeports” in towns and cities across the UK where they will see sweeping [...]
Michael Gove annonuces £700m Brexit border force July 12, 2020 The government will spend £700m preparing the UK’s borders for Brexit as it begins a widespread information campaign to prepare businesses for next year. The funding is being spent on 500 new border guards, IT systems and essential infrastructure at Dover and other ports of entry as the UK prepares for the end of the [...]
Liz Truss says UK’s Brexit border plans at risk of WTO legal challenge and smuggling July 9, 2020 Boris Johnson’s post-Brexit border plans risk breaking international trading rules and could result in smuggling from the EU, according to international trade secretary Liz Truss. Truss wrote a letter to chancellor Rishi Sunak and Cabinet Office minister Michael Gove on Wednesday warning that the UK’s current plans put the country at risk of several political [...]
Facebook fails to address ad boycott concerns at ‘disappointing’ summit July 8, 2020 Organisers of an advertising boycott against Facebook called a meeting it held with the firm’s executive team “disappointing”, as companies seek to pressure the tech giant into addressing hate speech on the platform. The groups, which includes the Anti-Defamation League (ADL), Free Press, Color of Change and the NAACP, said they saw “no commitment to [...]
How systemic risk is shaking the market’s foundations July 8, 2020 Adversity, like necessity, is the mother of invention. Firms are seeking novel ways to adapt to the challenges of Covid-19 and the likely increase of remote working even after the pandemic subsides. Some problems are easier to solve than others. In the easier category, new solutions are needed to replicate the spontaneous interactions that arise [...]
Rishi Sunak reveals £2bn unemployment scheme to create hundreds of thousands of jobs July 7, 2020 The government will subsidise hundreds of thousands of new jobs for unemployed young Britons as a part of a new £2bn coronavirus support package. Chancellor Rishi Sunak will announce the launch of the Kickstart Scheme in his summer economic statement tomorrow, which will see the government subsidise jobs for 16 to 24-year-olds receiving Universal Credit [...]
Egypt and Morocco capital markets attract growing international recognition July 7, 2020 Heidi Raubenheimer, PhD, CFA, is head of Journal publications at CFA Institute. Experienced Board Member with a PhD focused in Business Management and Administration from University of Stellenbosch. CFA Institute has examined Africa’s 10 largest capital markets in a major report compiled by Heidi Raubenheimer, CFA, our senior director for journal publications. Here we highlight key [...]