Former Barclays boss in line for £200m windfall as Blackrock takes 10x stake June 5, 2021 Former Barclays boss Antony Jenkins is said to be on the brink of a deal that will see his personal wealth surge by £200m as Blackrock funds close in on his new fintech venture. Jenkins, who was ousted as chief executive of Barclays in 2015, is close to selling a stake in 10x Future Technologies [...]
Travel rule changes ‘inconsistent’, says airline boss June 5, 2021 There is “no consistency” and a lack of transparency over UK travel rules, a top airline chief has said, after Portugal was removed from the green list. Tim Alderslade, chief executive of Airlines UK, accused ministers of reneging on a promise to provide a travel watchlist that would warn when a country’s status could be [...]
JP Morgan freezes donations to Republicans who contested election June 5, 2021 JP Morgan will resume making donations to US politicians but will snub Republicans who voted to overturn President Joe Biden’s election victory. The Wall Street giant was among a host of corporations that halted political donations following the deadly storming of the Capitol in January, which was spurred on by former president Donald Trump. Hours [...]
UK to ramp up second jab rollout amid concerns over delay to lockdown lifting June 5, 2021 The UK is said to be gearing up for an acceleration of its Covid-19 vaccination programme amid reports restrictions could continue beyond 21 June. Over-40s are set to receive their second jab within eight weeks of the first, rather than 12 weeks, while over-25s will be offered their first dose from next week, the Telegraph [...]
Social distancing makes UK pubs ‘unviable’, industry chiefs warn June 5, 2021 Ongoing social distancing measures are making British pubs unviable as businesses, industry bosses have warned, as boozers continue to suffer a hit to trade. UK pubs traded 20 per cent lower in the first week of reopening indoors compared to the same period in 2019 before the pandemic hit. This was despite 95 per cent [...]
Hipgnosis buys music rights from Taylor Swift and Lorde songwriter June 4, 2021 Music royalty fund Hipgnosis has beefed up its slate of songs after snapping up the catalogue of the songwriter and producer behind top hits by artists such as Taylor Swift and Lorde. Joel Little is best known for his collaboration with Lorde, co-writing and producing her debut EP The Love Club, which featured smash hit [...]
Facebook hit with double data crackdown as UK and EU open competition probes June 4, 2021 Facebook is facing a two-pronged attack after UK and EU regulators both opened investigations into alleged monopolistic behaviour in the tech giant’s use of advertising data. The Competition and Markets Authority (CMA) will examine whether the social media platform has gained an unfair advantage over rivals through how it gathers and uses data for classified [...]
Bill Ackman’s Spac closes in on $40bn deal with Universal Music June 4, 2021 Billionaire Bill Ackman’s blank-cheque company is closing in on a deal to buy a 10 per cent stake in Universal Music Group for roughly $4bn (£2.8bn). Pershing Square Tontine Holdings is in talks with Universal’s French owner Vivendi over the deal, which would value the record label at around $40bn. Vivendi, controlled by billionaire Vincent [...]
Grocery delivery app Getir bags $7.5bn valuation as it gears up for expansion June 4, 2021 Getir, an app that promises grocery deliveries in 10 minutes, has secured a $7.5bn (£5.3bn) valuation as it gears up to launch across Europe and in the US. The Turkish tech firm raised more than $550m in a series D funding round backed by existing investors such as Tiger Global and Sequoia Capital. It has [...]
Screenshot: Is Channel 4 facing a Great British Sell-Off? June 4, 2021 This week **Media Moment of the Week: Baby Musk (Doo, Doo, Doo, Doo, Doo, Doo) **Is Channel 4 facing a Great British Sell-Off? **Etsy dials into Gen Z fashion Media Moment of the Week: Baby Musk (Doo, Doo, Doo, Doo, Doo, Doo) It’s fair to say Elon Musk has a bit of a reputation for [...]
