Brewdog suffers another PR mishap in ‘solid gold’ can upset June 29, 2021 A winner of Brewdog’s “solid gold” beer can has asked the advertising watchdog to investigate the brewer’s claim the can is worth £15,000. The Advertising Standards Authority (ASA) has confirmed it is looking into the matter, the BBC reported, and Brewdog stands by the valuation. Brewdog offered 10 people to chance to find what it [...]
Thousands of businesses to again pay property tax as business rates holiday ends June 29, 2021 Thousands of businesses will soon again face paying property taxes, as the business rates holiday comes to an end later this week. Last April the government paused business rates for the hardest hit retail, leisure and hospitality companies. Some 394,601 businesses benefitted from the rates holiday, which saved them around £13.8bn. But from 1 July, [...]
Property investor Kennedy-Wilson buys £177.5m London office building June 29, 2021 American company Kennedy-Wilson Holdings has bought an office building in London for £177.5m, betting on a rebound in workspace demand after the pandemic and Brexit hit property valuations in the city. The U.S.-based real estate investment firm’s purchase of One Embassy Gardens, a 156,000-square-foot building in Nine Elms district, follows its recent sale of a central [...]
Private equity firm CC Capital refutes claims it plans to bid for IWG June 29, 2021 CC Capital will not make a takeover bid for office space provider IWG, the U.S. private equity firm said, following a Sky News report of deal talks between the two. IWG shares jumped as much as eight per cent on hopes of a bid, which claimed CC Capital and IWG were in talks that would value the [...]
Stamp duty holiday pushes 1.8 million houses into higher land tax bracket in Treasury win June 29, 2021 Intense market activity driven largely by the stamp duty holiday has pushed nearly two million UK properties into a higher stamp duty bracket in a win for the Treasury. Thanks to feverish market activity in the last 12 months, of all UK homes, 940,000 additional properties will now attract some level of stamp duty at [...]
E-cigarette maker Juul to pay $40m over teen targeting claims June 28, 2021 E-cigarette maker Juul has agreed to pay $40m to North Carolina to settle a lawsuit by the state accusing it of marketing its products to young people. The settlement, announced on Monday by North Carolina Attorney General Josh Stein, is the first reached by the company with a state government. The deal also includes restrictions on sales [...]
Health secretary Javid says ‘no reason’ for restrictions to go beyond 19 July June 28, 2021 New health secretary Sajid Javid said he saw “no reason to go beyond July 19” with Covid restrictions, in a nod to a full reopening of society in three weeks. In his first statement as health secretary, Javid confirmed Step 4 of England’s roadmap out of lockdown would not be brought forward, but that he [...]
Leon to roll out drive-thru restaurants June 28, 2021 Leon has today unveiled plans for its first drive-thru restaurant, in what should be the first step of a new expansion plan. The healthy fast food chain’s first drive-thru restaurant will in open in West Yorkshire later this year. The new restaurant will be 2,000 square feet and create 30 new jobs for the area. [...]
UBS becomes latest bank to offer staff hybrid working forever June 28, 2021 UBS Group will allow most staff to mix remote working with time spent in the office, Switzerland’s biggest bank revealed today. “We are committed to offering our employees the flexibility for hybrid working where role, tasks and location allow,” UBS said. “Hybrid work options will be introduced on a country-by-country basis, with timing dependent on the local pandemic [...]
Action group agrees settlement with Hiscox over business interruption cover June 28, 2021 Members of the Hiscox Action Group have reached a settlement with the insurer relating to business interruption losses suffered as a result of Covid-led lockdowns. The action group said the settlement is in line with the Supreme Court judgment on business interruption clauses, and that both parties were satisfied with the outcome. Both Hiscox and [...]
