Private jet demand soars as aviation industry deals with plane shortage November 16, 2021 A record boom in the use of private jets has left a shortage of aircrafts as more people return to flying, according to reports. Aviation data provider WingX saw a record number of flights in each of the last six months with over 4.2m flights by private jets taking place this year so far, [...]
Jacob Rees-Mogg admits blame in Owen Paterson saga in wake of sleaze scandal November 16, 2021 Jacob Rees-Mogg has admitted he, and not Boris Johnson, was behind the government’s attempt to protect ex-MP Owen Paterson from facing punishment for his breach of Westminster lobbying rules. The leader of the House of Commons today said “I encouraged the Prime Minister to go down this route and I was wrong, I made a [...]
Crossrail to open by June 2022, says TfL boss November 16, 2021 Transport for London’s commissioner Andy Byford has announced the Crossrail will be open to the public by June 2022. Speaking at a Greater London Authority’s (GLA) transport committee meeting, Byford said: “I think we’re in a really good place to get this railway open. “We still maintain that opening window between February and June. It [...]
City watchdog gives banks reprieve on LIBOR contracts November 16, 2021 The City watchdog will allow banks and other financial institutions to use a watered down version of a much-lamented interest rate benchmark for existing contracts. Banks will be able to apply the LIBOR benchmark on existing pound and yen denominated contracts which have not been restructured on to a new rate until the end of [...]
Reading financial news: The top 10 avoidable distractions November 16, 2021 If you’re like me, you’re bombarded daily by financial news that screams for your attention. But a lot of what we read is either irrelevant, shallow, or incomplete and hence misleading and distracting from an investment perspective. I’ve identified the top 10 distractions, the kind of stories that have no value or insight and can be easily [...]
Netflix renews contract to double the size of Shepperton Studios November 16, 2021 Netflix renews contract with the Pinewood Group for the use of Shepperton Studios that will double the size of its production space at the production facility. The Surrey-based facility is also set for a major expansion that will add almost 1 million square feet of new production space, with the overall studio set to comprise [...]
Snap strikes new licensing deal with Sony for immersive music filters November 16, 2021 Social media giant Snap agrees new deal with Sony Music to allow artists' music to feature on its library of filters.
LV= rejects new Royal London offer and stands by £530m Bain takeover November 16, 2021 Mutual insurer Liverpool Victoria has turned down the latest offer from its competitor Royal London which had proposed dismantling the business, amid increasing criticism over a £530m proposed takeover which would end the firm’s member-owned status. LV= has been pushing its members to vote to allow the controversial takeover deal by US private equity firm [...]
East End borough revealed as most at risk to online shopping scams November 16, 2021 Tower Hamlets in east London is the area most exposed to online shopping scams, according to cybersecurity experts. VNPOverview has pinpointed the borough as having the highest percentage of online shoppers in the UK, after an analysis of official data. It estimated that 90.68 per cent of people over 18 in the borough are preparing [...]
Bitcoin drops below $60k for first time in fortnight November 16, 2021 The cryptocurrency markets are down this morning, with the prices of both Bitcoin and Ethereum dropping almost 10% over the past 24 hours.
