Exclusive: Home tech firm SharkNinja backs London with Battersea Power Station office May 12, 2022 US home technology firm SharkNinja has snapped up a new office inside the Battersea Power Station, in a vote of confidence for the capital. The Boston-based company, which produces vacuums and kitchen appliances, told CityA.M. it will take up 25,000 square foot of space in the south-London development. After putting down roots in the UK [...]
First of its kind deal: Deliveroo riders unionise with GMB union May 12, 2022 Deliveroo riders have unionised with GMB Union, bringing together more than 90,000 self employed riders. Through a Voluntary Partnership Agreement, GMB will have rights to collective bargaining on pay and consultation rights on benefits and other issues, including riders’ health, safety and wellbeing. GMB Union and Deliveroo have signed an historic union recognition deal covering [...]
‘You can’t catch a break’: Leaseholders face high insurance fees amid cost of living crisis May 12, 2022 Leaseholders have said soaring building insurance fees amount to “daylight robbery,” amid the City watchdog’s probe of the market. The Financial Conduct Authority (FCA) was asked to review the insurance market for blocks of flats earlier this year, after housing minister Micheal Gove said he was “extremely concerned” by accelerating costs faced by leaseholders. In [...]
House price inflation surge shows ‘little’ signs of slowing May 12, 2022 There is “little evidence” to show house price inflation will slow down as prices continue to be driven by historically low stock levels. Despite warnings of a recession on the horizon, current property activity continues to be buoyant, according to the latest RICS Residential Market Survey. Its April survey found that supply of homes on [...]
Canadian investment giant close to HomeServe takeover May 11, 2022 Shares in emergency repair services firm Homeserve have surged after reports it was nearing a sale to Brookfield. HomeServe, listed on the FTSE-250 index, saw its share price up some 13 per cent on Wednesday afternoon after speculation of a takeover by the Canadian investment giant. Reports by Bloomberg on Wednesday morning suggested that the [...]
Michael Gove appears to ditch government pledge to build 300k homes per year May 11, 2022 Downing Street has sought to shrug off comments from the housing minister seeming to suggest the government had scrapped its home-building targets. Michael Gove suggested the government is no longer committed to building 300,000 homes a year by the mid 2020s, tearing up a Conservative party manifesto pledge. In an interview with Mishal Husain on [...]
Beauty Bay eyes outright sale after ditching London IPO plans May 11, 2022 Online marketplace Beauty Bay has recruited bankers to look at options including a sale, after previously eyeing a London listing. Beauty Bay has reportedly hired Threadstone Capital to advise it as it mulls options including a full or partial sale, or snapping up other firms to further its expansion ambitions. The beauty platform is now [...]
Investment group backed by ex-Tesco boss probed over allegations of £2m Covid loan misuse May 11, 2022 We Are Nova, a start-up investment group with support from ex-Tesco chief Sir Terry Leahy, is being probed over claims it misused Covid loans. According to The Times newspaper, companies associated with We Are Nova netted almost £2m through the government’s bounce back loan scheme. However, the firms did not seem to be eligible for [...]
UK ticket holder richer than Adele after £184m lottery jackpot May 11, 2022 One lucky winner in the UK has bagged the country’s biggest-ever National Lottery prize, with a £184m jackpot. The winning main EuroMillions numbers are: 03, 25, 27, 28, 29 while the winning Lucky Star numbers are 04, 09. The EuroMillions winner is now richer than celebrities including boxer Anthony Joshua, who is recorded as having [...]
Pfizer coughs up $11.6bn for migraine treatment maker Biohaven May 10, 2022 Covid vaccine maker Pfizer has said it will cough up $11.6bn to acquire pharma firm Biohaven. Pfizer is snapping up the Connecticut based company in a bid to capitalise on a new class of migraine pill. Biohaven’s migraine drugs could surpass $6bn in annual sales, Pfizer said on Tuesday. Biohaven common shareholders are to receive [...]
