Beer delivery strike suspended after fresh pay offer August 23, 2021 A nationwide strike by beer draymen has been suspended after an improved pay offer from GXO Logistics Drinks. Draymen – based at 26 sites across the country – will now vote on a pay offer instead of taking industrial action on Tuesday August 24 and Thursday September 2. Unite union has recommended the employees accept [...]
Chinese EV maker BYD’s shares rise despite chip-making unit’s IPO plan pausing August 23, 2021 Chinese electric car manufacturer BYD has been forced to suspend the proposed listing of its computer chip-making unit amid a regulatory probe into the law firm advising the company. BYD Semiconductor applied to list on Shenzen’s Nasdaq style market ChiNext in May and sought to raise at least $421m from the sale of shares. The [...]
Pfizer to buy blood cancer drugmaker for $2.3bn August 23, 2021 Pfizer has announced it will buy all the shares of Trillium Therapeutics, an oncology biotech, for $2.3bn (£1.7bn), as the pharmaceutical invests in blood cancer therapies. The US drugmaker, which acquired a $25m stake in the Canadian oncology biotech last year, has agreed to purchase the remaining shares at $18.50 per share, representing a 203.8 [...]
McKinsey wins govt contract worth up to £3m: fights off competition from EY, Bain and Boston Consulting August 23, 2021 McKinsey & Company has won a contract worth up to £3m to consult the government on digital, data and technology services ahead of the annual spending review, according to reports. The firm fought off competition from EY, Bain and Boston Consulting Group, according to reports, which suggest that the contract, valued at £53,571 per day, [...]
Appetite for deliveries continues despite lockdown easing August 23, 2021 Deliveries and takeaways continue making up a significant share of restaurant and pubs’ sales despite enthusiasm for the return of dining out. Delivery has maintained its 20.5 per cent share month-on-month while takeaway sales declined by 1.3 per cent in July, according to the CGA & Slerp Hospitality at Home Tracker. Takeaways and deliveries accounted [...]
Oil prices jump to pare back worst weekly losses for nine months August 23, 2021 Oil prices jumped today to partly reverse losses registered last week that saw the main international benchmarks swing to their worst seven day performance in nine months. International benchmarks WTI and Brent Crude rose 3.22 per cent and 3.27 per cent to $64.14 and $67.31 respectively. Both benchmarks marked their biggest week of losses in [...]
Richard Branson’s Virgin Orbit to go public through $3.2bn Spac deal August 23, 2021 Sir Richard Branson’s Virgin Orbit will go public through a blank-cheque deal that values the company at $3.2bn (£2.3bn), it confirmed today. The small satellite launch firm will merge with special purpose acquisition company (Spac) NextGen Acquisition Corp. The deal also includes $100m of so-called Pipe (private investment in public equity) funding from backers including [...]
Deloitte: digital assets seen as strong fiat alternative August 23, 2021 Deloitte’s Global Blockchain Survey 2021 has revealed that digital assets are becoming a major priority for the financial services industry (FSI). The survey, which polled a sample of 1,280 respondents worldwide, found that 76 per cent of respondents thought that digital assets will be “a strong alternative to or replacement for fiat currencies in the [...]
Mezcal is here and The Lost Explorer is the ideal place to start August 23, 2021 Mezcal has been on the verge of breaking into the UK’s mainstream spirits market for some time now, with some excellent and accessible brands knocking on the door of discerning drinkers. And there is perhaps no better, more successful small batch mezcal available on these shores right now than The Lost Explorer. Launched in late [...]
Eurozone post-Covid economic rebound marches on at rapid clip August 23, 2021 The economic recovery from the Covid crisis in the Eurozone continued to progress at a rapid clip this month, driven by a ramping up of the bloc’s vaccination programme allowing a further easing of pandemic restrictions, according to a closely watched survey released today. IHS Markit’s latest flash Eurozone purchasing managers’ composite output index hit [...]
