Exclusive: Europe copies US as first collateralised loan obligation is raised in £219m UK deal November 22, 2021 The first commercial real estate collateralised loan obligation in Europe’s history was completed on Friday in a deal worth £219m. Backed by a portfolio of nine commercial mortgage loans originated by Starz Mortgage Capital, the deal was concluded with international law firm Reed Smith acting as advisors. “We really could be seeing the birth of [...]
Neglecting parts of the UK has led to ‘branch line’ economy, warns CBI chief November 22, 2021 A leading business group warned this morning that parts of the UK have been neglected over decades, leading to a “branch line” economy. The CBI said delivering economic growth across the country will be the determining factor in whether the Government’s levelling up agenda will be a success. Director general Tony Danker said clusters of [...]
Technology jobs benefit from biggest salary increases as economy rebounds from pandemic November 22, 2021 Technology roles dominate Hays' top 20 list for the highest salary rises over the past 12 months as the economy recovers from the pandemic.
Carbon capture patents rise for fifth year running as China aims to mitigate reliance on fossil fuels November 22, 2021 Global patents for carbon capture and storage have risen 22 per cent, increasing for the fifth year in a row amid heavy coal usage from China.
UN crowns nuclear as lowest carbon electricity source November 22, 2021 Nuclear power has been ranked as the lowest carbon electricity source and appears to back UK plans to expand its infrastructure
Telecom Italia’s board in discussions over takeover proposal from funds November 21, 2021 Telecom Italia’s (TIM) board is in an extraordinary meeting to discuss a takeover proposal from US hedge fund KKR, which is interested in acquiring the Italian communications giant’s whole capital. According to sources, the fund’s plan is to carve out the group’s fixed network – of which KKR is an investor since last year – [...]
Energy crisis: Avro Energy collapsed owing £90m to customers November 21, 2021 Avro Energy owed £90m to customers when it collapsed according to its adminsitrators.
Treasury accused of killing off UK freeports November 21, 2021 Treasury officials have been accused of “killing off” freeports, by lacking ambition in tax cuts and a cap that will limit the number to 10. Whitehall is said to be opposing the policy, claiming the perks of freeports will lead to less tax revenue and existing businesses moving to these new designated zones from elsewhere [...]
Shortages hit ASOS as Christmas gets closer November 21, 2021 Shortages are reportedly hitting fashion retailer ASOS, forcing the giant to defer orders from suppliers, a few weeks before Christmas. While some suppliers attribute this to labour shortages in the company warehouses, the firm says it is due to the global supply chain crisis, the Sunday Times reported. “We have a robust, professionally organised global [...]
Virgin Atlantic to raise £400m to survive the winter November 21, 2021 UK carrier Virgin Atlantic is in talks with its shareholders regarding the possibility to raise a further £400m to help the airline face winter months. Sources said that, while the amount was still being finalised and will be announced by the end of the year, it is expected that Virgin Atlantic’s owner Sir Richard Branson [...]