Asian markets rise after strong Chinese manufacturing data September 1, 2020 Asian markets rose today after strong readings on China’s vast manufacturing sector offset the weak lead from a softer Wall Street session. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 per cent, to regain some ground it had lost on Monday. The Hang Seng Index in Hong Kong traded 0.18 per cent higher [...]
UK funds three Covid-19 immune responses studies August 28, 2020 The UK today said it will back three nationwide Covid-19 studies with £8.4m to fund research into understanding human immune responses to the pandemic coronavirus. The funds, from UK Research and Innovation and the National Institute for Health Research, will help scientists develop better immunity tests, study the body’s immune response to SARS-CoV-2 and understand [...]
Piccadilly palance: Notting Hill carnival dancers appear in West End before virtual celebration August 28, 2020 A troupe of soca dancers appeared in Piccadilly Circus today ahead of a virtual celebration of the Notting Hill carnival this weekend. The Caribbean party normally takes place on the streets of Notting Hill over August bank holiday weekend. This year performances will be streamed online due to the coronavirus pandemic which has put an [...]
Amigo shares rise as founder pushes for takeover August 28, 2020 Shares in subprime loan business Amigo Holdings rose 14 per cent this morning after founder James Benamor last night called for investors to back his return to the company. Benamor said he had made an irrevocable bid for 29 per cent of the company at 20 pence per share, to be executed if he is [...]
Gatwick crashes to £321m loss on pandemic passenger plunge August 28, 2020 Gatwick Airport today said it swung to a £321m loss in the first half of the year after the Covid-19 pandemic caused a 66 per cent plunge in passenger numbers. In the six months ended 30 June, 7.5m passengers travelled through Gatwick, a decrease of 14.7m compared to the same period in the prior year. [...]
Eight out of 10 UK workers expect to return to the office this year August 27, 2020 Eight out of 10 British workers said they have already returned or expect to return to the office this year. A survey of UK workers found that September was the month the majority (28 per cent) named as a likely return date. UK workers are missing out on contact with their colleagues with 63 per [...]
Exclusive: Bust burrito chain Chilango sold out of administration August 27, 2020 Burrito chain Chilango has today been sold out of administration after the Covid-19 pandemic finished off the already struggling business, City A.M. can reveal. The Mexican-themed fast-food chain told investors today that administrators RSM had secured a buyer for the business. RSM confirmed this afternoon the the chain had been sold to Investment group RD [...]
Martin Sorrell’s S4 Capital bolts on data analytics business Brightblue Consulting August 27, 2020 Sir Martin Sorrell’s S4 Capital today said it was acquiring data analytics company Brightblue Consulting. S4 Capital said Brightblue will merge with Mightyhive, S4’s data and digital media practice. The company said the merger would build upon Mightyhive’s recently launched data practice, and add “deep probabilistic attribution expertise” to its team. Brightblue was founded in [...]
Rolls-Royce crashes to £5.4bn first-half loss on Covid-19 hit August 27, 2020 Engine-maker Rolls-Royce said today it had swung to a loss of £5.4bn for the first-half following the economic shock of the Covid-19 pandemic. The aero giant said revenue crashed 26 per cent to £5.8bn and reported a post-tax loss of £5.4bn and an underlying post-tax loss of £3.3bn in the six months to 30 June. [...]
UK Supreme Court dismisses Huawei appeal in mobile patent clash August 26, 2020 The UK Supreme Court today unanimously dismissed appeals by China’s Huawei and ZTE in patent disputes over mobile data technology with Unwired Planet International and Conversant Wireless. The first appeal concerned an action brought by Unwired against Huawei for the infringement of five UK patents, which Unwired had acquired from Ericsson and were said to [...]
