Surging tech megacaps power Nasdaq to another peak September 1, 2021 A surge among tech megacaps powered the Nasdaq to another record high during early trading on Wall Street today. The US’s tech-heavy benchmark has since fallen back from its fresh peak, but is still up 0.65 per cent to 15.358.32 points during mid-morning exchanges. The blue-chip S&P 500 jumped 0.18 per cent to 4,531.01 points [...]
Babcock sells off helicopter business for £10m September 1, 2021 Babcock, the British defence and engineering business, has sold off its helicopter operations branch for £10m after purchasing it for £1.6bn in 2014. The Group’s Aviation sector, which is being purchased by CHC group, provides offshore oil and gas crew transportation services in the UK, Denmark and Australia. Babcock said that its divestment from oil [...]
Accounting body urges government to scrap tax reform plans September 1, 2021 The Institute of Chartered Accountants in England and Wales (ICAEW) has today called for the government to drop tax reform plans which, the accounting body says, “will likely to create as many problems as it might solve”. The ICAEW today published a response to the UK government’s consultation on basis period reform. It reiterated the [...]
Marble Arch Mound to remain free following mound-ing controversy September 1, 2021 London’s Marble Arch Mound is to remain free, following controversy over its £4.50 to £8 entrance fee and its high-profile ‘flop’. What was supposed to be a £3.3m project swelled into a £6m final bill. “It has become clear that costs have risen more than anticipated and that is totally unacceptable,” Council leader Rachael Robathan [...]
Extinction Rebellion cause traffic delays at Trafalgar Square September 1, 2021 Transport for London warned of disruptions to traffic after roads leading to Trafalgar Square were blocked in both directions by Extinction Rebellion protestors. Earlier this afternoon roads were closed as XR activists attended rallies to mark the tenth consecutive day of demonstrations. Key roads were blocked as the protestors made their way from Parliament Square [...]
Databricks racks up $38bn valuation after catching fresh investor eyes September 1, 2021 Data and artificial intelligence firm Databricks has racked up an eyewatering $38bn valuation after a fresh bout of investors piled into its latest fundraiser. Databricks, which offers data platforms that business heavyweights like Shell, HSBC, T-Mobile, Rolls-Royce, Gousto, and Autotrader rely on, has been channelling its recent efforts into ‘data architecture’ or massive-scale data engineering. [...]
Last chance to join the English Whisky Festival this Friday September 1, 2021 There is still time, if you hurry, to get tickets for the two-day virtual English Whisky Festival, which runs from 3-4 September. Organized by Exploring English Whisky, the event gives you the chance to sample the handiwork of 17 of the country’s 30-plus whisky makers. Some are well known: the St George’s Distillery at Roudham [...]
Why a bespoke wine cellar might not cost what you think September 1, 2021 So maybe you have a burgeoning wine collection: a couple of cases of Super Tuscan you picked up for a good price en primeur, a Château Lafite you’re saving for a special occasion, some Cabernet Franc that won’t be at its best for another six or seven years. What you need, my friend, is a [...]
Nearly all investors think inflation will rise faster than expected September 1, 2021 Almost all professional investors expect a larger than expected hike in inflation in the next year, according to a new study. Research from Tabula Investment Management reveals 95 per cent of investors think inflation will progress at a clip much higher than leading market commentators’ predictions. Investors expect inflation to surge ahead of expectations as [...]
QuickBooks owner Intuit in early talks for $10bn Mailchimp buyout September 1, 2021 Software developer Intuit, the firm behind TurboTax and QuickBooks, has reportedly entered talks with Mailchimp for a $10bn buyout. The deal’s discussions are still in their early stages, Bloomberg first reported, citing people familiar with the matter. There is room for the potential deal to fall through, or alternatively, a rival bidder may emerge for email [...]
