Boris Johnson says supply chain shortages are due to ‘surging’ global economy October 19, 2021 Boris Johnson has claimed today that the UK’s supply shortages are the result of a “surging” global economy post-Covid and not post-Brexit worker shortages. The UK is suffering from goods shortages in some parts of the country due to shortages of key workers in a number of sectors, including the road haulage and agricultural industries. [...]
Letters: Let’s focus on venture capital October 19, 2021 [Re:Post-Brexit marginal gains will be fuel for City’s future success, 12th October] Hopes of reaching equivalence in financial regulations are dead in the water in the post-Brexit world. There have been numerous calls from the UK Government for input from business, to help guide the UK’s financial structure in this new phase. We’ve heard plenty [...]
Moneysupermarket acquires cashback platform Quidco October 19, 2021 Moneysupermarket.com has agreed to acquire the cashback website Quidco. Moneysupermarket.com Financial Group has agreed to buy all of the issued share capital of Maple Syrup Media, trading as Quidco, on a debt-free, cash-free basis. The initial consideration is £87m in cash with a further £14m deferred. Moneysupermarket.com said Quidco would benefit from its capabilities, including [...]
Aviation regulator sets five-year cap on Heathrow’s charges October 19, 2021 The UK Civil Aviation Authority (CAA) will set a five-year price cap on the maximum charges Heathrow can ask its airline customers for using the airport. Coming into force in the summer of 2022, the cap is expected set affordable charges for airlines while making sure the airport can get back on track with its [...]
Life Science announces intention to launch London IPO October 19, 2021 Real estate investment trust Life Science has declared its intention to launch an initial public offering on London’s AIM market. Life Science will launch an IPO by way of a placing, offer for subscription and intermediaries offer, targeting the issue of 300 million ordinary shares of £0.01 each in the capital of the company, at [...]
UK and Bill Gates pledge to spend £400m each on new green technologies : CityAM October 19, 2021 The UK government and Bill Gates have pledged to spend £400m each on new green technologies today at London’s Global Investment Summit. The £800m will go toward research and development of green technologies like green hydrogen, direct air capture and sustainable aviation fuel that are currently not viable for mass use. Also Read: Boris Johnson [...]
Electric intercity flights: Vertical Aerospace calls on the government to deliver by 2025 October 19, 2021 Global aerospace and technology company Vertical Aerospace is calling on the UK Government to deliver electric intercity flights by 2025. In a white paper by the name of The Future of Advanced Aerial Mobility that was published today, Vertical Aerospace has highlighted how opening up electric passenger flights would bring economic and environmental benefits to [...]
Revenue soars for fintech Wise thanks to price drop October 19, 2021 Money transfer company Wise has reported a 25 per cent jump in revenue for the second quarter, compared to the same period last year. In a trading update on Tuesday, the payment firm posted revenue of £132.8m in the second quarter. Lower prices had enticed new customers, Wise said. Just under 4m customers transacted via [...]
Miner BHP leaves annual production outlook unchanged October 19, 2021 Mining giant BHP has left its annual production outlook unchanged despite its iron ore production being hit by labour shortages. The FTSE 100 firm reported on Tuesday that total iron production dropped four per cent to 63.3m tonnes for the quarter ended September 30. This was a decline from 66.04m tonnes in the previous year. [...]
Alinda Capital to raise £350m for floating subscription October 19, 2021 Close-ended investment company Alinda Capital Infrastructure Investments has announced its intention to float on the London Stock Exchange and is raising £350m to offer ordinary shares at an issue price of 100p. The firm is also expected to issue a further 650 million ordinary shares in the 12 months following the placing programme, which will [...]
