Rolls-Royce joins forces with Fortum to explore SMR projects March 22, 2023 Rolls-Royce SMR has teamed with Fortum up to explore opportunities to develop small modular nuclear reactors in Scandinavia.
Muddy Waters chief slams EU regulators for short selling ‘overreach’ March 22, 2023 The founder of famed short seller Muddy Waters has slammed European rulemakers for “regulatory overreach” today and said the EU’s anti-short seller position was distorting markets.
L&G boss slams pension funds’ slide away from UK markets March 21, 2023 The chief of Legal & General has slammed a slide in pension funds' equity holdings today as calls grow for the City’s top institutional investors to back the UK stock market.
New 32-storey building to tower over iconic Leadenhall Market and showcase City of London’s Roman past March 21, 2023 Plans to build a 32-storey tower over the City’s iconic Leadenhall Market have been given the green light by city planners. The City of London Corporation’s planning applications sub-committee approved plans this week for the new tower that will house 27,000 sq m of new office space and will look to boost the Square Mile’s [...]
Just Eat slashes 1,700 jobs as food delivery giant re-embraces ‘gig economy’ model March 21, 2023 Just Eat has been forced to slash 1,700 delivery driver jobs and 170 head office roles, after the service has seen a slow down in takeaway demand. The food delivery group, whose rivals include Deliveroo and Uber Eats, said the group was looking to improve efficiency and reduce costs. Just Eat, which has some 15,000 [...]
Mini budget continues to wreak havoc on the UK housing market as annual sales dive 18 per cent March 21, 2023 UK property transactions fell four per cent in February as the fall out from last September’s mini budget continued to drive down the UK’s housing market. Sales of residential property fell 18 per cent during the year with just 76,920 transaction across the UK, as buyers were forced to deal with higher borrowing costs as [...]
Pinduoduo: Google pulls China shopping platform from app store after malware discovery March 21, 2023 Google has suspended the Chinese shopping platform Pinduoduo on its app store after malware was discovered in versions of the app from other sources. Google said it suspended the Pinduoduo app on the Google Play store out of “security concerns” and that it was investigating. The suspension of the app – mainly used in China [...]
Gold worth £4m seized from drug cartels by National Crime Agency at London Heathrow March 21, 2023 Around £4 million of gold has been seized from South American drug cartels. The National Crime Agency (NCA) reclaimed 104kg of gold bars, some in the shape of hearts, after they were found hidden in the cargo section of a plane at Heathrow Airport in June 2019. The plane had arrived from the Cayman Islands [...]
Another British tech firm opts for a New York listing as UK’s science superpower dreams fade March 21, 2023 A Cheshire biotech start-up led by a former NHS doctor has floated in New York today after snubbing London’s market due to a dearth of specialised investors. Zura Bio, led by Oxford graduate Dr Someit Sidhu, announced it had merged with special purpose acquisition company (SPAC) JATT acquisition corp this morning in a deal that [...]
Learn about Mental Health with the UK’s Biggest Mental Health Research Charity March 21, 2023 | Sponsored Taking place this Friday March 24th from 12.30pm–1.30pm, The Lord Mayor’s Appeal is teaming up with their newest charity partner MQ Mental Health Research to host a free ‘Lunch & Learn’ webinar. Designed to target professionals from the City and beyond on their lunch break, the informative session will give an insight into MQ’s work [...]