Ed Woodward resigns as Man United chief April 20, 2021 Ed Woodward has resigned as executive vice chairman of Manchester United due to the backlash over the proposed European Super League, it was tonight confirmed. He will stand down at the end of 2021. Woodward said in a statement: “I am extremely proud to have served United and it has been an honour to work [...]
Production delays weigh on Netflix as firm misses new subscriber forecasts April 20, 2021 Netflix added fewer subscribers that than predicted in the first quarter as its pandemic momentum slowed up due to production difficulties. The tech giant added 3.98m subscribers in the first three months of 2021, below the 6.3m forecast by Refinitiv analysts. The misstep sent shares tumbling 10 per cent in post-market trading. In a statement, [...]
Apple Event: New, thinner iMac is making the ‘computer disappear’ April 20, 2021 Tech giant Apple has this evening announced a raft of new products including podcast subscription services and a thinner version of its iMac computer. The Silicon Valley firm said that the new version of its computer, which uses its in-house processor, was the closest Apple had yet come to “making its computers disappear”. The new [...]
Chemical giant Innospec ends Elementis pursuit as $1.3bn bid rejected April 20, 2021 US chemicals giant Innospec has today pulled out of its pursuit of FTSE 250 firm Elementis after a $1.3bn (£930m) bid for the firm was rejected. Last night Sky News reported that the US firm had tabled a bid for the fellow chemicals firm. In a statement after markets closed in the UK today, Elementis [...]
Government to develop take-at-home Covid-19 treatments by end of year April 20, 2021 The government has today launched a new “Antivirals Taskforce” to develop Covid-19 treatments that patients can take at home. By the end of the year, the new initiative is aiming to have created two effective treatments that the public can take either in tablet or capsule form. It is hoped that after clinical trials, these [...]
UK to hike emissions cut plans ahead of US climate summit April 20, 2021 The UK has announced a hike in its pledged fossil fuel emission cuts in a year that ends with its hosting of the COP26 climate summit. Boris Johnson has today made a new commitment to cutting emissions by 78 per cent by 2035 compared to 1990 levels, up from 68 per cent in 2030. Johnson [...]
UK to buy 14 Chinook helicopters from Boeing for £1.4bn April 20, 2021 Britain will buy 14 Chinook helicopters from US aerospace giant Boeing in a deal worth $2bn (£1.4bn), it was reported today. However, it has agreed to defer receipt of the aircraft for a number of years due to concerns over budgetary requirements. A letter of acceptance from the UK’s embassy in Washington blamed the need [...]
United Airlines dives to $2.4bn loss as fuel prices soar April 19, 2021 United Airlines plunged to a $2.4bn adjusted loss for the first quarter of the year, dragged down by a plunge in passenger number and climbing fuel costs. The Chicago-based carrier said that aviation fuel costs rose nearly 30 per cent over the three month period, to $1.70 per gallon. At the same time, the airline [...]
Sterling rises to highest levels for a month April 19, 2021 The pound rose to its highest levels against the dollar for a month as the UK’s recovery from the Covid-19 downturn continues. Sterling was up 1.1 per cent at $1.39 as of 9:00pm, the highest it has traded against the greenback since mid-March. Against the Euro, it was 0.7 per cent higher at €0.86. The [...]
Joining the Clubhouse: Facebook launches push into booming audio market April 19, 2021 Facebook has today announced a three-pronged push into the audio market after in year in which demand for platforms such as Clubhouse has boomed. The social media giant said it would build a new set of audio creation features in order to support people using the site to make their own content. The first of [...]
