European private equity deals plunge to seven-year low July 16, 2020 European private equity deal volume plunged to its lowest point in seven years during the second quarter, with the UK suffering the greatest drop. Deal count and value dropped to their lowest quarterly figures since third quarter 203 and the fourth quarter of 2016, respectively due to uncertainty surrounding the virus. Pitchbook data shows 650 [...]
Donald Trump hails vaccine progress after positive trial results July 15, 2020 A number of promising developments related to coronavirus vaccine developments announced today have met with the approval of US president Donald Trump. Using his favoured platform Twitter, Trump wrote: “Great News on Vaccines!” It is unclear exactly what the president was referring to, but the tweet followed the news that drug firm Moderna’s experimental vaccine [...]
Boris Johnson refuses to censure British Airways on workers conditions July 15, 2020 Boris Johnson has refused to condemn British Airways for planning to rehire 30,000 workers on worse conditions in a fiery Prime Minister’s Questions (PMQs). Sir Keir Starmer pushed the Prime Minister on whether the coronavirus bail outs, loans and grants should come with conditions that companies do not diminish workers’ rights. It was reported two [...]
Our favourite restaurants and bars re-open! July 15, 2020 As businesses make their first steps back towards ‘normal life’ we have listed some of our favourite London spots to help you keep up to date with what’s on offer across the City. 1 Lombard Street will reopen on 20th July with some exciting new changes as chef, restaurateur and food writer Mark Hix joins the [...]
Stamp duty holiday: Estate agent enquiries into homes worth £500,000 soar July 15, 2020 Estate agents have seen a spike in enquiries for homes priced between £400,000 and £500,000 since the government announced a stamp duty holiday for homebuyers. The government last week lifted the threshold for stamp duty from £125,000 to £500,000 in a bid to reignite the housing market after months at a standstill during the coronavirus [...]
The City View: David Gurlé on financial services regulation July 14, 2020 Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Today Andy Silvester is joined by David Gurlé, the Chief Executive of Symphony – the $1.4bn-valued workflow managing software company. They talk about financial services regulation, tech on the trading floor as well as the dangers remote working presents for big banks. They also discuss his time at Microsoft working [...]
Johnny Depp v The Sun: Everything you need to know July 14, 2020 The High Court today heard evidence from Johnny Depp’s former bodyguards and employees, as the Hollywood actor’s libel case against the Sun entered its sixth day. The three-week trial, which was postponed due to coronavirus, is set to wrap up on 27 July after hearing evidence from Depp, his ex-wife Amber Heard, and a host [...]
Coronavirus: Leicester lockdown to be reviewed on Thursday July 14, 2020 The local Leicester lockdown will be reviewed on Thursday to assess whether it is safe for the city to partially reopen, health secretary Matt Hancock has confirmed. Hancock said “numbers have been coming down in Leicester”, but that “the number of positive cases in Leicester is still well above the rest of the country”. The [...]