Investors bet on EV despite Omicron concerns, Freetrade reveals December 13, 2021 Despite Omicron concerns startling the markets, investors are increasingly betting on electric vehicles (EVs), as according to online stockbroker Freetrade, four out of the 10 most popular stocks in November were from EV companies. Newly listed Rivian and EV charging point Pod Point as well as consolidated firms such as Tesla feature among those most [...]
Paul McCartney to invest in music start-up Audoo December 13, 2021 Former Beatle Sir Paul McCartney is reportedly among the investors financing music start-up Audoo. McCartney – joining the likes of music firm Tileyard London and Abba singer Bjorn Ulvaeus – is behind the app’s £7.2m funding round, the Times reported. In its pre-series B funding Audoo – which aims to revolutionise the royalty payment system [...]
Goldman Sachs under pressure for its handling of harassment cases December 13, 2021 Goldman Sachs is reportedly under pressure over its handling of employee harassment and discrimination cases. Private institution the Nathan Cummings Foundation has filed a shareholder proposal, asking the bank to make public the arbitration process used to settle harassment claims after employees said the process silenced victims, the Financial Times reported. Following a series of [...]
Homeserve to sell Piedmont policy book for $22m December 13, 2021 Home repairs international firm Homeserve announced this morning its intention to sell to gas company Piedmont its policy book, as shares went down 3.67 per cent. Homeserve cited PiedmonHomeserve cited Piedmont’s acquisition by US energy giant Duke as the main reason for selling the policy books built during the two companies’ partnership, set to expire [...]
Stansted owner calls to rescind restrictions as losses mount December 9, 2021 Stansted airport’s owner the Manchester Airports Group (MAG) has called on the UK Government to rescind the latest travel restrictions as the company continues to struggle because of the pandemic. In the six months ended 30 September, the group – which owns Manchester, Stansted and East Midlands airports – reported a £75.7m loss before interest [...]
Megabus to double service at Christmas December 9, 2021 Megabus will double its service to ensure customers can see their families over Christmas. The bus operator has said it will operate over 9,000 miles on 25 December, reaching 48,000 miles worth of trips on Boxing Day. Across the whole festive period, Megabus coaches will travel over half a million miles around the country. “After [...]
TfL to ban private e-scooters and e-unicycles from its premises December 9, 2021 Transport for London (TfL) has announced it will ban all privately-owned e-scooters and e-unicycles from its premises following safety concerns. To be implemented from Monday, the ban will restrict passengers from boarding any service – including the Tube, buses and trams – if they are carrying an e-scooter or e-unicycle. “Our primary concern is always [...]
Plan B to “inevitably impact” transport, stakeholders say December 9, 2021 The new set of restrictions outlined yesterday by the government will “inevitably impact” Transport for London (TfL), as more Londoners will be required to work from home. Nick Bowes, chief executive at think tank Centre for London, said that passenger numbers have already started dipping since the new variant emerged, “as people change their behaviour [...]
UK travellers to face week-long waits for PCR results December 9, 2021 Those travelling during the Christmas period could face week-long waits to get their PCR results back. Travel testing company giant Qured said that PCR tests could face delays during the Christmas period because delivery providers work on reduced services. Fit to Fly and Day 2 PCR tests with an arrival date between 20 December and [...]
FirstGroup profits tremble as restrictions cast uncertainty over recovery pace December 9, 2021 FirstGroup has registered a decrease in profits as the new Covid restrictions put into question the group’s recovery pace. In the six months ended 30 September, FirstGroup’s profits from continuing operations went down 4 per cent, from £55.7m to £51.8m. The group’s shares also suffered a blow, going down from yesterday’s opening price of 102.60p [...]
