Software firm Cerillion posts record six months following contract wins May 17, 2021 London-based software firm Cerillion today posted record six-month results, having implemented major contracts during the time that helped to drive sales. Revenue performance for new orders at the business in the six months to 31 March was up 148 per cent on 2020’s H1 figure to £23.6m. Total new customer sales amounted to £18.1m, including [...]
Estonian fuel cell developer gears up for £200m AIM listing May 17, 2021 Estonian fuel cell developer Elcogen is preparing to list on London’s AIM market, in a move that could see it valued at as much as £200m. The Tallinn-based business wants to raise funds to increase its manufacturing capacity with a new factory in Estonia, in order to take advantage of the boom in interest in [...]
Caution urged as rules around hugging, socialising and travel are eased May 17, 2021 The Prime Minister has called for a “heavy dose of caution” as lockdown rules are eased today in England, Wales and most of Scotland. People can now socialise indoors and hug loved ones for the first time in months, and the ban on foreign travel has been lifted and instead replaced with a traffic light [...]
WFH: ‘Like the internet before, we’re at an inflection in the history of work’ May 14, 2021 The arrival of the Covid-19 pandemic and subsequent switch to home working has put us at a pivotal moment in history that could change how we do things forever, according to a specialist. We are about to see a dramatic shift to hybrid working in a post-pandemic world, according to research director Alexia Cambon, who, [...]
Vaccinations drive Airbnb bookings up 52 per cent May 13, 2021 Airbnb beat Wall Street’s expectations for first-quarter gross bookings and revenue on Thursday, as speedy Covid-19 vaccinations and easing restrictions encouraged more people to check into its vacation rentals. Gross bookings jumped 52 per cent to $10.29bn in the quarter, easily beating analysts’ estimates of $6.93bn. “For guests aged 60 and above in the U.S., who [...]
Indian variant cases more than double in the UK in less than a week May 13, 2021 The number of confirmed UK cases of the coronavirus variant first detected in India have more than doubled this week, from 520 to 1313 cases. There are growing concerns over the variant, which appears to be spreading more quickly than others. Public Health England said it is actively monitoring the impact of the variant and [...]
West End company signs 70-year lease on new Olympia Theatre May 13, 2021 Trafalgar Entertainment has signed a 70-year lease at the new Olympia Theatre in West London, which is scheduled to open in 2025. The agreement, which will run for 35 years with the option to extend for a further 35, is part of a broader ambition by the live entertainment business to create a venue of [...]
London buses to double passenger capacity from Monday May 13, 2021 Londoners will soon face fewer capacity-related bus frustrations, as from Monday social distancing measures on buses across England will be eased. In London capacity on double decker buses will be doubled to around 60 passengers from Monday. For single decker buses capacity will be increased to 28, up from between 11 and 14 currently, depending [...]
BoE’s Bailey: Inflation pressure will not last May 13, 2021 Bank of England governor Andrew Bailey reckons factors pushing up inflation in the coming months will not persist, but nevertheless the Bank will keep a watchful eye on the situation. “So the really big question is: ‘Is [higher inflation] going to persist or not?’ Bailey said at an event with members of the public organised [...]
Staff at 02 to be handed £2,000 bonus May 13, 2021 Staff at 02 will be handed a nearly £2,000 bonus at the end of the month, after the operator recorded profits in the first three months of the year. All 02’s 6,500 employees will get an extra £1,930 in their May payslips, according to reports. Some 186 full time staff at giffgaff will also be [...]
