Steven Spielberg’s Amblin Partners signs film deal with Netflix June 21, 2021 Steven Spielberg’s production company Amblin Partners will make several feature films a year for streaming giant Netflix, as part of a new deal. The new partnership is symbolic for the confluence of streamed and theatrical films, and a major win for Netflix, as it vies for its position amongst increasing competition from new entrants Disney [...]
Sanjeev Gupta’s Jaguar Land Rover supplier in talks with lenders June 21, 2021 A branch of Sanjeev Gupta’s metals empire that supplies Jaguar Land Rover is in talks with its lender to avoid collapse. Liberty Aluminium Technologies (LAT) is currently engaged in negotiations with its lender Close Brothers, in an effort to avert being placed into administration, Sky News first reported. The embattled firm employs 250 people across [...]
Soho House confirms it has begun New York listing June 21, 2021 The Soho House private members club today announced it has begun the process for a New York stock market listing that could see the business valued at more than $3bn (£2.15bn). The company, which owns 28 clubs around the world, said that it has filed a registration statement with the US Securities and Exchange Commission [...]
No 10 rejects claims the G7 summit left ‘unwelcome gift’ of spike in Covid cases June 21, 2021 A spokesperson for the prime minister has dismissed claims that the G7 summit is to blame for a surge in coronavirus cases in Cornwall. “Obviously we don’t accept this claim,” the spokesperson told the Downing Street lobby briefing. “Attendees going to the G7 were tested before arriving and throughout the summit, and we’re not aware [...]
Moderna set to expand Covid-19 vaccine production June 21, 2021 Moderna Inc is adding two new production lines at its coronavirus vaccine manufacturing plant, as it prepares to ramp up booster shot production. The US biotech firm’s plans will increase overall production capacity at its Massachusetts plant by 50 per cent, the Wall Street Journal first reported. The move indicates that Moderna expects the market [...]
HSBC to sell French retail bank to Cerberus-backed My Money Group June 18, 2021 HSBC has agreed to sell its French retail banking arm to My Money Group, a company backed by private equity firm Cerberus. The transaction has been agreed, wrapping up an 18 month effort by HSBC to shed the struggling business as it shifts its investment focus to Asia. My Money Group on Friday announced the [...]
Delta variant now makes up 99 per cent of new Covid cases in UK June 18, 2021 The Delta variant now accounts for 99 per cent of new Covid-19 cases in the UK, according to the latest Public Health England data. In the week to June 14, Britain reported another steep rise in new cases of the Delta variant, which was first identified in India. The latest PHE data showed the variant [...]
Notting Hill Carnival: Celebration cancelled for the second year running June 18, 2021 The organisers of Notting Hill Carnival have announced that this year’s event will not take place on the streets “due to the ongoing uncertainty and risk Covid-19 poses.” Instead, the late August bank holiday event will go ahead online as it did last year. The move comes a few days after the government delayed the [...]
PM keen for UK workers to return to office but govt leaves decision up to businesses June 18, 2021 The Prime Minister is understood to be against large-scale working from home continuing beyond final lockdown restrictions easing, as the government hands discretion to “employers and employees”. Boris Johnson is opposed to the level of working from home seen during the pandemic becoming permanent and had hoped to ease guidance this month, The Telegraph first [...]
Unite Group sells two more student properties in London for £342m June 18, 2021 Student accommodation developer Unite Group has sold two London properties for £342m, it announced this morning. Unite has sold the blocks with 1,358 beds in Wembley and Whitechapel to its London student accommodation joint venture (LSAV) with Singapore wealth fund GIC, in an effort to pay down debt. The company said that most of the [...]