Superyacht orders hit record as industry glides through the pandemic December 12, 2021 Over 1,200 superyachts have been ordered, marking a jump of 25 per cent compared to last year as demand for luxury cruisers has surfed over the pandemic, according to reports. The orders for superyachts hit a new record according to data in the latest edition of Boat International’s Global Order Book, and as reported in [...]
LV= to review new Royal London takeover offer after £530m Bain bid scrapped by members December 12, 2021 Insurance mutual LV= will this week assess a takeover offer back on the table from rival Royal London after its members last week rejected a £530m takeover bid from US private equity giant Bain. In a vote on Friday, 69 per cent of LV=members who voted supported the deal with Bain – but they fell [...]
Omicron “mild” compared to delta, South African doctors say December 12, 2021 Omicron is a mild disease, said Dr Angelique Coetzee of the South African Medical Association in an LBC interview today. Coetzee, the first South African doctor to alert authorities about patients with the omicron variant, insisted that: “There’s no reason why you can’t trust us when we say to you [Omicron is] a mild disease.” She [...]
Covid-19: Major Omicron wave expected in January December 11, 2021 The UK should brace itself for a wave of Omicron infections in the new year if further restrictions are not enforced, according to a new study of the variant’s spread. The new variant could result in 25,000 to 75,000 deaths by the end of April, depending on how well vaccines work against the virus, scientists [...]
Fund manager Jupiter gets ready to fend off bids worth £1.3bn December 11, 2021 Jupiter fund manager is enlisting advisory help in preparation of takeover bids, as dealmaking activity across the industry reaches fever pitch, according to Sky News, which first reported the news. The asset manager has hired advisory firm Robey Warshaw to come up with a plan to fend off prospective bidders eyeing up the FTSE-250 company, [...]
Credit Suisse wants access to staff personal mobiles December 11, 2021 Switzerland’s biggest bank has asked staff to allow their employer access to their personal mobile phones and other devices if used for work communication with clients or colleagues, according to reports. The controversial new policy by Credit Suisse has raised concerns about privacy, according to the Financial Times, which first reported the news. As the [...]
Activist investor Elliott takes stake in Taylor Wimpey and calls for change December 11, 2021 Activist investor Elliott Investment Management has called on Taylor Wimpey to make major changes in the company’s leadership, which it has blamed for the builder’s falling share price, according to reports. The news comes days after Taylor Wimpey’s chief executive officer Pete Redfern announced his resignation after 14 years. Shares at the time were 29 [...]
Rishi Sunak thrown into parties scandal after Treasury held lockdown gathering December 11, 2021 The Chancellor has come under scrutiny after details have emerged of his an office drinks party held by his department during lockdown last year. Around two dozen civil servants attended the Treasury party, held in celebration of Rishi Sunak’s spending review, according to The Times, which first reported the news. The event took place on [...]
LV= chairman quits after members reject £530m Bain Capital takeover December 11, 2021 Alan Cook has stepped down as chairman of mutual insurer Liverpool Victoria after failing to secure the backing of members for a £530m deal with a US private equity firm. Cook resigned within minutes of the vote results being announced, revealing that 69 per cent of LV= members who voted supported the deal, which needed [...]
Football players to be split by vaccination status December 10, 2021 The Premier League and English Football League (EFL) have advised clubs to reinstate covid restrictions including separating players out based on their vaccination status, according to reports. The new guidance from the EFL recommends splitting players into those who are doubled jabbed against coronavirus, boosted, previously infected or unvaccinated on team coaches, according to Sky News, [...]
