Deliveroo offers share hungry investors access to £50m ahead of IPO March 7, 2021 Deliveroo will make £50m of shares available to its customers in its forthcoming IPO as part of a community offer. From tomorrow, any Deliveroo customer who has placed an order with the takeaway service will be able to register their interest in applying for shares in any future floatation via their app. This means that [...]
Cazoo founder mulls $8bn merger with US-listed Spac March 6, 2021 Cazoo founder Alex Chesterman is weighing up a merger with special purpose acquisition company (Spac) that could value it at as much as $8bn. Chesterman, who set up online car retailer Cazoo in 2018, has been holding discussions with US-listed Spac Ajax I, Sky News first reported. Ajax I was launched by Daniel Och, co-founder [...]
EU to urge US to export doses of Oxford/AstraZeneca vaccine to Europe March 6, 2021 The European Union will urge the United States to permit the export of millions of doses of AstraZeneca’s Covid-19 vaccine to Europe. The EU is scrambling the bridge supply shortfalls, the Financial Times reported, and has turned to the US for help. The EU also wants Washington to ensure the free flow of shipments of [...]
Kwasi Kwarteng: Social distancing in retail and hospitality could stay the year March 6, 2021 Business minister Kwasi Kwarteng believes social distancing in the retail and hospitality sectors could remain in some capacity for the rest of the year. Last month Boris Johnson announced almost all Covid-19 restrictions could be lifted by June 21, so long as the battle against the coronavirus continues to go to plan. Despite the planned [...]
Caffè Nero staff fiddled dates on food to avoid excessive waste March 6, 2021 Staff at Caffè Nero have been changing dates on muffins, cakes and scones to help sales and avoid waste. An investigation by The Times found both current and former staff were aware of the practice, with some confirming they had changed dates. Six former and present staff told The Times they had changed dates, 17 [...]
Downing Street spends millions on new broadcast room March 6, 2021 Downing Street has spent more than £2.6m on fitting out a new meeting room, following plans to have America-style daily press conferences. The Cabinet Office told the BBC the multi-million-pound spending was “in the public interest” and will “increase public accountability and transparency”. Number 10 plans to start televised daily press conferences similar to those [...]
Democrats advance Biden’s $1.9 trillion Covid-19 relief package March 6, 2021 Democrats forged ahead with President Joe Biden’s $1.9trn coronavirus relief plan early on Saturday, holding back Republican attempts to modify the package. With Republicans united in opposition, Democrats who narrowly control the chamber must keep all 50 of their members on board in order to pass the package, as they hope to do this weekend. [...]
Exclusive: Deloitte diversity chief dumped from role after bullying accusations March 5, 2021 Exclusive: Deloitte diversity chief dumped from role after bullying accusations
Liz Truss insists UK has not breached Northern Ireland protocol March 5, 2021 Trade minister Liz Truss has insisted Britain has not breached the Northern Ireland protocol in the Brexit trade deal, something it has been accused of doing by the European Union which has promised to take legal action. “These are temporary easements and it’s perfectly common practice whilst deals are being implemented to have temporary easements [...]
Law Society president quits amid dishonesty accusations March 5, 2021 President of the Law Society David Greene will step down from his role after being accused of dishonesty in a long-running dispute with a former client. Greene announced he planned to “step aside” less than halfway through his one-year term as president, after a case against him was again referred to the Solicitors Disciplinary Tribunal [...]
