Exclusive: Businesses overpaying corporation tax up by 26 per cent to record £11.5bn July 12, 2021 Businesses claimed back a record £11.5bn in overpaid corporation tax from HMRC last year, a jump of 26 per cent from £9.1bn the year before, according to data by accountancy firm UHY Hacker Young, shared with City PM this afternoon. The firm stressed it is “extremely likely” that these refunds are merely “the tip of [...]
Credit Suisse chief compliance officer resigns as shake up continues in the aftermath of Greensill July 12, 2021 Credit Suisse’s chief compliance officer will depart the bank as it continues a shake up by its new chairman in the wake of a series of costly scandals. The banking giant announced that its Swiss chief compliance, Floriana Scarlato, would leave with immediate effect to explore opportunities elsewhere. Recently appointed chairman Antonio Horta-Osorio has vowed to [...]
Plus500 reports ‘positive momentum’ despite customer growth slowdown July 12, 2021 Online trading platform Plus500 today reported positive momentum in its half year trading update, following a bumper 2020. The global fintech group, operating a trading platform for contracts for difference (CFDs), noted a “very strong period of customer acquisition” up to June this year. This followed an “unprecedented” performance in 2020, driven by the pandemic [...]
Space investor Seraphim’s London IPO skyrockets, raising lofty £180m July 12, 2021 Seraphim Space Investment Trust rallied £178.4m on Friday as people piled into the space tech investor’s initial public offering. The lofty IPO faired well on the London market which has recently been driven by tech companies, particularly as it floated in the shadow of tech firm £8bn Wise which went public just days before. “Space [...]
England footballers hailed as heroes after devastating Euro 2020 penalties defeat July 12, 2021 England footballers have been hailed as heroes who should be “so proud” of themselves for their efforts in a historic Euros campaign which ended in defeat after a nail-biting penalty shootout. Fans were left devastated when the nation’s dreams of being crowned champions of Europe in front of a home crowd at Wembley Stadium were [...]
Taxpayer to cough up £35m for West Ham stadium revamp July 11, 2021 British taxpayers will be handed a £35m bill for a planned revamp of West Ham United football club’s stadium in east London. The government will fork out £14.5m of public money for fresh seating at the state-owned London Stadium as West Ham redevelops the west stand to bring fans closer to the pitch. A further [...]
Murder mystery: Kilburn woman charged after Londoner’s body is found in Devon July 10, 2021 A woman has been charged with the murder of Londoner Mee Kuen Chong, whose body was discovered 175 miles away in the Devon town of Salcombe after she went missing in London. Ms Chong, 67, known to friends as Deborah, was found in woodland near Bennett Road at about 5pm on June 27. Police said [...]
Exclusive: London faces ‘furlough cliff edge’ with Newham, Haringey and Brent to suffer most July 10, 2021 London workers are amongst the hardest hit by the pandemic onslaught, with four London boroughs featuring in the top five areas in the UK that are most reliant on furlough. The London borough of Newham has 18 per cent of its working population on furlough and is second out of 369 ranked county or district [...]
Startup funding in Europe on track for record year July 9, 2021 Europe is set to see its biggest year for startup investment, with US investors especially keen to back companies. Startups received three times more funding in the first half of this year compared to that of 2020, according to data from Dealroom reported by Politico. While Europe’s start up scene has lagged behind that of [...]
Euros 2020: Bank holiday, sick day or in mourning? Businesses urged to be flexible day after final July 9, 2021 There are increasing calls from business groups, unions, and the public, for employers to offer flexibility to staff for the day after the Euros 2020 final, as the Prime Minister is under pressure to announce a bank holiday if England win. “Businesses across England will recognise the momentous nature for many of the prospect of [...]
