Two-thirds of young adults in the UK are counting on inheriting wealth August 2, 2021 More than two thirds (65 per cent) of under-45s in the UK expect to receive an inheritance gift of wealth from family or friends to fund their financial goals and get on the property ladder, according to new research. Millennial and Gen Z adults are increasingly relying on the transition of wealth between generations to [...]
Bolt doubles valuation to €4bn as investors pour into on-demand grocery push August 2, 2021 Estonian ride-hailing startup Bolt announced on Monday it had closed a fresh €600m (£512m) funding round, increasing its valuation to more than €4bn (£3.4bn). The latest funds raised from investors will be funnelled into its new 15-minute grocery delivery service, Bolt Market, as the startup seeks to capitalise on the fast-growing market. Bolt said it [...]
Sanne Group in advanced takeover talks with Apex after £1.49bn bid August 2, 2021 London’s Sanne Group is in advanced talks with fund servicer Apex Group on a possible cash takeover bid of up to £1.49bn. At 920 pence per share, the offer values the UK asset manager at around £1.49bn and represents a premium of 9 per cent on Sanne’s share closing price of 844.0 pence on Friday. [...]
Limits on City bonuses could be scrapped under post-Brexit plans August 2, 2021 Ministers are reportedly considering removing caps on bankers’ bonuses, in a bid to make the City a more atttractive business hub post-Brexit. The preliminary plans to remove all existing restrictions and EU rules are in their initial stages and are yet to be part of any public consultations, The Times reports. Ministers are reportedly wary [...]
Truss: UK has made ‘great progress’ in New Zealand free trade deal negotiations July 31, 2021 International trade secretary Liz Truss said the UK and New Zealand were “closing in” on a new free trade deal after the latest round of talks between the two countries concluded. Truss met with her Antipodean counterpart Damien O’Connor for a series of trade talks between 19 and 30 July, for a new free trade [...]
Covid case rates fall in every English local authority as R rate dips for first time in weeks July 30, 2021 Covid case rates have fallen in every local authority in England for the first time since comparable figures have been recorded, while the “R” rate has decreased for the first time in weeks. Not one of England’s 315 local authorities recorded a rise in Covid cases in the week to 26 July, according to analysis [...]
Sage advisers: Protection given from Covid vaccine ‘highly likely’ to wane over time July 30, 2021 Vaccine campaigns will likely have to continue for many years as the Covid immunity induced by the shots is ‘highly likely to wane over time’, according to scientific advisers to the government. “It is highly likely that vaccine induced immunity to SARS-CoV-2 infection, and potentiallysevere disease (but probably to a lesser extent) will wane over [...]
Court rules Grant Shapps’ plan to build £1.7bn tunnel near Stonehenge is ‘unlawful’ July 30, 2021 Transport secretary Grant Shapps was found to have made a “material error of law” over his controversial road building plans that include a tunnel near Stonehenge. In a court ruling on Friday, Shapps’ decision to approve the £1.7bn scheme to overhaul eight miles of the A303 and build a two-mile tunnel near Stonehenge was ruled [...]
Housing fraud trial: Labour MP Apsana Begum found not guilty July 30, 2021 Jurors today found Apsana Begum, Labour MP for Poplar and Limehouse, not guilty of three charges of dishonestly failing to disclose information relating to her social housing application. Ms Begum, 31, had been accused of withholding her true living conditions from Tower Hamlets council officials in an attempt to secure a social housing flat. The [...]
One of two men charged for assaulting Chris Whitty pleads guilty July 30, 2021 One half of a duo that was caught on video in an incident involving England’s chief medical officer (CMO) Chris Whitty has pleaded guilty to assault in court. Lewis Hughes, 24, today pleaded guilty to assault at Westminster Magistrates’ Court in London. It comes after Hughes was charged with common assault at the beginning of [...]