BoE governor says cash is disappearing as he makes case for Britcoin November 22, 2021 A central bank bigwig has said that the disappearance of cash underpins the case for a central bank issued digital currency (CBDC).
Retailers are using experiences, not goods, to keep high street fashion on trend November 22, 2021 A short stroll along Oxford Street these days doesn’t necessarilly fill retail fans with confidence. A phalanx of American candy stores, souvenir shops of questionable quality and ‘to let’ signs have blossomed after the pandemic, and House of Fraser last week became the latest bricks and mortar flagship to announce it would be closing its [...]
British Airways threatens to cut Heathrow flights if recovery-undermining airport charges don’t come down November 22, 2021 The boss of British Airways’ parent company warned today that the airline will cut Heathrow flights if proposed increases in charges are implemented, IAG chief executive Luis Gallego said the west London airport’s fees are already among the highest in the world and are becoming “more and more expensive”. In October, the Civil Aviation Authority [...]
Every man wants an Everyman: group forecasts booming profits November 22, 2021 The owner of Everyman cinemas has forecasted higher profits, thanks to a good “appetite” for high-end cinemas.
Wiltshire take off: Nuclear fusion firm reveals it has launched UK’s first chemical rocket in Salisbury November 22, 2021 A newly developed high-power chemical rocket was launched in the heart of Wiltshire, UK nuclear fusion firm Pulsar Fusion has revealed. The Bletchley-based company launched the rocket from the Ministry of Defence’s military base in Salisbury and took place on November 17. The firm shared with City A.M. today that the launch contained the first [...]
Edge Investments raises £85m to fuel UK creative industries November 22, 2021 Leading investor in creativity Edge Investments has raised £85m in its second venture fund, nearing its final close target of £100m. Edge backs companies in the creative economy, and those that are pushing the boundaries of creativity in sectors such as edtech, virtual or augmented reality (AR / VR), adtech and content creation. The British Business Bank, the cornerstone investor [...]
Coffee prices soar as poor harvests hurt supply November 22, 2021 Coffee shops which have benefitted from the return of office workers are being hit hard by poor harvests in Brazil.
Collision of pandemic and Brexit pushes £18bn loss in travel services trade November 22, 2021 The collision of the pandemic and leaving the European Union (EU) has tipped an £18bn loss in travel services trade, according to the latest figures. While total service exports and imports grew in the second quarter, trade in services remained well below levels seen prior to Covid-19, the Office for National Statistics (ONS) revealed. Weaker [...]
Sports data company 4GLOBAL looks to score a £4m AIM IPO in London November 22, 2021 The UK-based 4GLOBAL, which focuses on the promotion and measurement of physical activity in large sporting events, said it expected to be admitted for trading in early December 2021 after a placing of up to £4m.
Uber expands to cannabis delivery in Canada November 22, 2021 Uber's delivery and takeout unit has partnered with cannabis retailer Tokyo Smoke to allow online cannabis orders through Uber Eats in Ontario, Canada, a company spokesperson told Reuters.