Fitness industry rolls orange tank into Parliament Square in lockdown protest November 4, 2020 Fitness firms sparked chaos this morning after driving an orange tank through Westminster to protest the sector’s closure during the upcoming lockdown. Among the protesters was former England rugby international James Haskell, who was filmed releasing orange smoke from the armoured vehicle in Parliament Square. The disruptive stunt, which was organised by fitness brand Grenade, [...]
Sink or float: What’s next for Ant Group after China suspends world’s biggest IPO? November 4, 2020 The tech world was thrown into turmoil yesterday after Chinese authorities put an abrupt halt to Ant Group’s record-breaking initial public offering. The Chinese fintech giant was set to raise $34.4bn (£26.5bn) through a dual listing in Shanghai and Hong Kong in what would be the world’s largest stock market debut. But the Shanghai leg [...]
Prop 22: Uber and Lyft win California bid to class drivers as contractors November 4, 2020 Uber and Lyft have secured a major victory today after winning a vote in California that allows the ride-hailing apps to continue classing their drivers as contractors rather than employees. Voters in California yesterday passed Proposition 22, a state ballot measure that will enable companies in the gig economy to bypass labour laws. Roughly 58 [...]
STV holds guidance as advertising recovery beats expectations November 4, 2020 Scottish broadcaster STV today said advertising had bounced back more quickly than expected following a coronavirus-induced slump, though it warned the short-term outlook remained uncertain. STV, which holds the channel 3 licence in Scotland, suffered a 20 per cent drop in advertising revenue in the first half of the year as the outbreak of coronavirus [...]
Shares in cyber firm ECSC spike as home working drives up demand November 4, 2020 Shares in ECSC jumped more than 11 per cent this morning as the cybersecurity firm said a shift to home working during the pandemic had boosted demand for its services. In a trading update for the four months since June, ECSC said revenue and profit had continued to rise as clients bolstered their cyber defences. [...]
Ahold Delhaize launches €1bn share buyback as Covid-19 boosts sales November 4, 2020 Supermarket giant Ahold Dehlaize today said it will launch a €1bn (£896m) share buyback as it posted a rise in revenue for the third quarter. The retailer, which operates grocery chains across the US and Europe, said the buyback will begin at the beginning of 2021 and marked the strength in its business model. It [...]
Deliveroo taps JP Morgan as it steps up London float preparations November 3, 2020 Deliveroo is said to have appointed bankers at JP Morgan as it steps up preparations for an initial public offering in London next year. The food delivery app has added the Wall Street bank to its line-up of advisers alongside Goldman Sachs, Sky News reported. Deliveroo, which was founded in 2013 by Will Shu, is [...]
Made in Dagenham: Hollywood real estate firm to build new east London film studios November 3, 2020 A Hollywood real estate firm that owns studios where classics such as Citizen Kane and Gone With the Wind were filmed will invest £300m in a major new production complex in east London. Hackman Capital Partners (HCP) will take control of the construction of Eastbrook Studios, a new film and TV hub spread across more [...]
New BBC drama turns spotlight on City work pressure November 3, 2020 The BBC is turning its attention to the City with a new drama that documents the lives of university graduates battling the pressures of a cut-throat career in finance. The series, called Industry, is set at the fictional investment bank Pierpoint, where five fresh-faced grads are subjected to gruelling hours and brutal bosses as they [...]
US election: How to watch the vote and what to look out for November 3, 2020 Americans head to the polls today for the US presidential election 2020. While Joe Biden is currently leading the polls against Donald Trump, it’s far from certain who will emerge victorious, with Covid-19 and the use of early and mail-in voting adding to the uncertainty. Americans will vote today, but much of the coverage — [...]
