Everything old is new again: Stakeholder capitalism is back February 24, 2020 Russ Lidstone, Chief Executive Officer of The Creative Engagement Group, argues that businesses and leaders must embrace “stakeholder capitalism” Mark it down: 2020 could be the start of more than just the new decade. For the first time since 1973, the World Economic Forum has updated its Davos Manifesto to re-emphasise businesses’ commitment to the [...]
Brexit: UK may delay border checks on food coming from EU March 8, 2021 The UK is considering plans to postpone the start of border checks on food coming from the EU past April in a bid to better prepare businesses for post-Brexit changes. New cabinet minister, and Boris Johnson’s former Brexit negotiator, Lord David Frost has asked Whitehall officials to draw up plans to change the timetable to [...]
Real Estate: COVID-19 may permanently quarantine inflexible leases May 5, 2020 Real estate leases have long represented a point of disagreement between accountants and financial analysts. This disagreement was the primary reason why the London-headquartered International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) went separate ways in finalising lease accounting standards. Figure 1. Lease Accounting Survey Report (October 2013) For a [...]
What it’s like to launch a restaurant in a pandemic December 9, 2020 New Indian restaurant Pali Hill’s Avinash Shashidhara tells us what it was like opening a restaurant just as the government announced a national lockdown – not once but twice. I left the River café in 2018 after 10 amazing years and I felt like I was leaving home all over again. I wanted my own [...]
Michelin starred Pied à Terre in Fitzrovia stops lunch due to ‘Brexit and Covid’ June 21, 2021 In another sign of the post-Covid recruitment crisis, one of London’s oldest Michelin-starred restaurants has closed its lunch service until further notice. Fitzrovia’s Pied à Terre says Brexit and Covid have impacted recruitment so badly it is no longer able to open for the whole day. The restaurant said it could not “protect the welfare [...]
Boris Johnson vows to transform economy in policy-light party conference speech October 6, 2021 Boris Johnson has vowed to transform the UK into a “high wage, high skill” economy in a Tory party conference speech that was heavy on rhetoric and short on policy. In a classic Johnson speech, the Prime Minister made a bevy of jokes about Labour, numerous literary references and promises to “build back better” and [...]
B&Q owner Kingfisher toasts click & collect success as sales surge March 22, 2021 Kingfisher, the owner of B&Q and Screwfix, this morning announced that sales and profit surged last year, boosted by its click and collect offer, as consumers began DIY projects during lockdown. Sales were up 7.2 per cent to £12.3bn and profit after tax was £592m, up from £8m in the previous year. Adjusted post-tax profit [...]
Context is everything when it comes to solving the pingdemic, we need measured rules on self-isolation July 24, 2021 Rising app deletions, over 600,000 pings in one week, stores trying to quell panic buying, conflicting advice from the Government when it comes to notifications. The NHS contact tracing app is facing a nightmare backdrop as infection rates rise across the country. It should be a major asset. Instead, the frequent un-contextualised notifications demonstrate that [...]
The City View: Sainsbury’s to cut prices, and the importance of UK private equity May 30, 2022 Today Andy Silvester talks to Michael Moore, Director General at BVCA. They discuss the scale of private equity and venture capital in the UK, their importance in the UK’s employment market, and how vital they are for companies looking to scale up. And in the headlines: Sainsbury’s CEO Simon Roberts has said that the supermarket [...]
The City View: Victoria Scholar on rising prices, unemployment and retail sales data; and XR cause Lloyd’s of London HQ shutdown April 12, 2022 Today Andy Silvester talks to Victoria Scholar, Head of Investment at Interactive Investor. They go through some of the week’s economics data on GDP, unemployment, retail sales, and talk trading updates. They discuss the latest from ASOS, Deliveroo, and EasyJet: ASOS is facing a raft of headwinds, as investors lose confidence in the online retailer; [...]