Not going anywhere: Home Office delays decision on extradition of Mike Lynch to US September 22, 2021 The Government has delayed its decision on extraditing technology entrepreneur Mike Lynch, who is facing fraud charges in the US., the Home Office confirmed to City A.M. this afternoon. A decision on the billionaire was expected this week but a Home Office spokesperson said it has been granted a seven-day extension. Some back benchers have [...]
Pernod Ricard to acquire The Whisky Exchange September 21, 2021 Global drinks giant Pernod Ricard will acquire the online spirits retailer The Whisky Exchange. The drinks producer signed an agreement to acquire The Whisky Exchange – which also operates a trio of central London stores – for an undisclosed sum, it announced on Tuesday. The brands will collaborate on private sales and online auctions of [...]
Exclusive: Sustainable targets are everyone’s responsibility, says festival veteran September 21, 2021 The founder of a festival focused on sustainability and innovation in fashion has said customers and businesses need to join forces to tackle fast fashion. The organisation Fashion District aims to bring businesses together, attract global talent to East London and accelerate growth in manufacturing in the area. From September 22 to 26, Fashion District [...]
Property transactions rose almost a third in August September 21, 2021 Property transactions in August rose almost one third on the previous month, according to official estimates. The provisional seasonally adjusted estimate of residential transactions in August was 98,300, 32 per cent higher than July, HMRC data published on Tuesday revealed. The number of transactions was also 20.8 per cent higher than August 2020. It comes [...]
Black Sheep Coffee: Already seeing office return benefit September 21, 2021 A London coffee business with a stronghold in the City has said it is already reaping the rewards of home workers returning to offices. Black Sheep Coffee plans to double the size of its estate this year, backed by more than £4m in additional funding. “A lot of our sites are getting really busy now, [...]
Government borrowing in August hit £20.5bn September 21, 2021 Government borrowing stood at £20.5bn in August, down from £26bn the previous year, according to official data. The Office for National Statistics (ONS) said last month’s figure was the second highest August borrowing since records began in 1993. The data shows borrowing so far this financial year has reached £93.8bn since the end of March [...]
Craft beer concerns: Carbon dioxide shortages threaten breweries September 20, 2021 Craft beer breweries fear their production may be thrown into chaos by shortages of carbon dioxide. While bigger drinks producers have been able to access CO2 recovery plants, smaller breweries said they were reliant on the main suppliers. One London brewery said it could be forced to halt production if suppliers were forced to prioritise [...]
Morrisons moves into pub sector supply with marketplace partnership September 20, 2021 Supermarket Morrisons has made a move into the hospitality arena after teaming up with StarStock, an online marketplace for the on-trade. StarStock, which allows brands to sell direct to operators through its e-commerce platform, has partnered with the supermarket to allow it to supply pubs and restaurants. Restaurant operators will be able to have “direct, [...]
Recognise Bank given green light to become UK’s newest bank September 20, 2021 Recognise Bank is to become the country’s newest bank after being granted a banking license. Deposit restrictions on the digitally led bank have been lifted by the Prudential Regulation Authority, according to Recognise parent company City of London group (COLG) The bank will launch its personal and business savings products and start taking deposits with [...]
Energy supplier SSE: No decision to break up group September 20, 2021 Bosses of energy company SSE said there had been no decision to break the company up, they said following media speculation. In a note published on Monday, the supplier said there had not been a decision to break up the group. SSE said it would provide an update on plans to further accelerate growth in [...]
