Space investor Seraphim injects cash into two firms ahead of London float July 8, 2021 Space technology investor Seraphim Capital has invested into two UK satellite and AI companies ahead of its London IPO float tomorrow, as the UK cements itself within the latest space race. Investing £2m into firms Isotropic Systems, which operates satellite networks and Commodities AI, which deals with space data and artificial intelligence (AI), Seraphim is [...]
UK inbound tourism industry warns it’s being “neglected” by govt in latest travel announcement July 8, 2021 Businesses have warned the UK’s inbound tourism industry is “on the brink” after the government announced more changes to travel rules this morning. Transport secretary Grant Shapps updated the UK’s travel rules so that fully vaccinated Brits will not need to quarantine on return from amber list countries from 19 July, when the majority of [...]
City minister says UK govt won’t impose compulsory flexible working model on finance July 8, 2021 The government won’t impose an obligatory flexible working model on financial services, as regulators ramp up pressure on firms to improve diversity and inclusion. City minister John Glen said financial services firms should use the experience of remote working during the pandemic to decide how flexible working could help foster a more diverse workforce, but [...]
Covid infection can lead to erectile dysfunction, scientists warn July 8, 2021 The inflammation of blood vessels that typically takes place during a Coronavirus infection may limit the blood flow to the penis, leading to erectile disfunction, scientists have said. According to Dr Ryan Berglund, a urologist at the Cleveland Clinic in Ohio, warned she has seen a jump in patients with erectile problems only after they [...]
16 years on from 7/7 bombings: Survivor warns ‘world is a dangerous place’ July 7, 2021 Sajida Mughal OBE was one of the survivors of the 7/7 bombings and 16 years later she remembers the attack that almost claimed her life. She said “the world is no safer than it was 16 years ago, its still a dangerous place.” “For example, there has been the rise in far-right extremism and I’ve [...]
London vaccine race: NHS crackdown on clinics allowing second dose queue-jumping July 7, 2021 London vaccine race: NHS crackdown on clinics allowing second dose queue-jumping
London travel watchdog’s urge that bus demand review be postponed until fall July 7, 2021 Shedding bus routes and cutting frequencies, as part of an agreed bus demand review, has been slammed in a letter to the government by London travel watchdogs. As part of Transport for London’s (TfL) £1bn bailout, a review of bus demand in the capital was agreed upon. However, London TravelWatch, London First, the Campaign for [...]
LSE’s biggest tech IPO ever: Blindfolded Wise begins £8bn public era July 7, 2021 The positive start to trading for fintech giant Wise, going public this morning, means the payments firm has become London’s largest ever tech listing. The firm saw its valuation swell to £8bn, marking a major boost for the capital’s tech scene. It’s a big step up from the £5bn price tag attached to the company [...]
Wise valued at £8bn in London’s biggest ever tech float July 7, 2021 Wise, one of Britain’s biggest fintech firms, has seen its valuation hit £8bn after listing on the London Exchange this morning, marking a major boost for the capital’s tech scene. Shares in the payments group, formerly known as Transferwise, began trading at £8 each in its eagerly-awaited stock market float. It follows an auction process [...]
Evening Standard falls to £17m loss as lockdown hits commuting July 7, 2021 The Evening Standard plunged to a £17.2m loss last year as repeated lockdowns and work-from-home orders hit the freesheet’s commuting readership. Revenue for the year dropped by almost a third to £44m in the year to the end of September as lower reader numbers were compounded by a slump in advertising spend. The pre-tax loss [...]