United Oil and Gas hails ‘landmark year’ despite Covid crisis April 26, 2021 United Oil and Gas this morning hailed a “landmark year” for the AIM-listed firm despite the carnage caused by the coronavirus pandemic. The company, one of the few smaller oil and gas firms to operate both exploratory and production assets, posted its first ever profit in 2020. United also said that it had seen its [...]
The Square Mile’s recovery will create an innovative, inclusive and sustainable business eco-system April 26, 2021 Walking around the City’s streets has been a joyous experience since many businesses started to reopen their doors and welcome back customers. It has been fantastic to see the vibrancy and the buzz, which the Square Mile is so well known for, gradually returning, taking us that bit closer to the more normal times that [...]
Former Post Office boss quits Morrisons and Dunelm boards April 26, 2021 Former Post Office boss Paula Vennells has this morning stepped down from her roles on the boards of Morrisons and Dunelm after one of the biggest miscarriages of justice in recent history. In statements issued by the two firms, they confirmed she would step down with immediate effect. Andrew Higginson, Morrisons chairman, said: “Paula has [...]
Labour pushes government to face cronyism allegations in House of Commons tomorrow April 25, 2021 Labour has called for a senior minister to face questions in parliament tomorrow on the ongoing allegations of cronyism and sleaze engulfing Boris Johnson’s government. The opposition has called for the government to answer an urgent question tomorrow in the Commons, after a series of explosive claims released by Dominic Cummings on Friday. Deputy Labour [...]
Remote living has eroded our empathy and executives must find a way to understand their staff April 25, 2021 It is difficult to count what we have lost during the pandemic. We’ve lost jobs, loved ones, incomes and our social lives. Living and working remotely has also meant we are losing our empathy for colleagues. This is especially true of business leaders and executives who need to be able to understand the problems their [...]
Sunday Sitdown: ‘Skittish’ banks need to up their game, says CEO of Ezbob April 25, 2021 Following a nightmare year that was hugely disrupted by the pandemic and three subsequent lockdowns, the City is slowly switching into recovery mode as the economy starts to re-open and many sectors are coming back to life. To discuss the way back up, City A.M. sits down with Tomer Guriel, chief executive of Marble Arch-based [...]
Submarine disaster: Oxygen supply on Indonesian vessel has run out with no sign of life April 24, 2021 The oxygen supply for the 53 crew members of an Indonesian submarine missing in waters off Bali is believed to have run out with no sign of the vessel. The search for the KRI Nanggala 402 resumed earlier this morning, bolstered by the arrival of a sonar-equipped Australian warship. It went missing after its last [...]
Convicted postmasters have names cleared of theft April 23, 2021 A total 39 former postmasters who were accused of stealing money have finally had their names cleared, after a years-long battle for justice. The former Post Office workers with accused of theft and false accounting, with some imprisoned, because of a faulty computer system that was installed in 1999. Between 2000 and 2014, the Post [...]
Covid transmission from human-to-cat is possible, scientists confirm April 23, 2021 Two cases of human-to-cat transmission of Covid-19 have been identified by researchers from the University of Glasgow as part of a screening programme. The cats, of different breeds, were living in separate households and displayed mild to severe respiratory signs. Researchers believe both pets were infected by their owners, who had Covid-19 symptoms before the [...]
Fear for the office emerges as Covid sufferers are reluctant to return April 23, 2021 More than a year after the first Covid-19 lockdown, a new trend is emerging among Brits who have been working from home, a genuine fear for the office, according to a new study shared with City A.M. Amongst Brits that now work from home, this trend is more prevalent among those who previously tested positive [...]