Craft beer concerns: Carbon dioxide shortages threaten breweries September 20, 2021 Craft beer breweries fear their production may be thrown into chaos by shortages of carbon dioxide. While bigger drinks producers have been able to access CO2 recovery plants, smaller breweries said they were reliant on the main suppliers. One London brewery said it could be forced to halt production if suppliers were forced to prioritise [...]
Aviation industry jubilant as US border opens to vaccinated Brits September 20, 2021 The USA will reopen its border to double jabbed Brits, bringing an 18 month travel ban to an end in a major boost for the UK travel sector. The Whitehouse today confirmed that vaccinated passengers from the European Union and UK will be able to enter the country from November. Prime Minister Boris Johnson, who [...]
Raspberry Pi maker attracts £33m in funding round September 20, 2021 The charitable foundation behind the Raspberry Pi, a bestselling, British personal computer, has closed a $45m (£33m) funding round. The Raspberry Pi computer is a small credit-card sized device which enables users to explore python and scratch coding. The foundation which created the product uses trading profits to promote computing. Today’s funding round was led [...]
Joe Biden lifts US travel ban for fully vaccinated UK and EU passengers September 20, 2021 Joe Biden’s White House has confirmed that fully vaccinated UK and EU passengers will be able to travel to the US from November, sending aviation stocks soaring this afternoon. The news sent shares in IAG, owner of British Airways, up by 11 per cent at the close today, while Air France, KLM and Lufthansa are [...]
Kwarteng says government will not bail out energy firms as more collapses expected September 20, 2021 Kwasi Kwarteng has said the government will not bail out collapsed energy firms as global shortages push more suppliers to the brink. The business and energy secretary said “we may well expect to see further companies exiting the market over the coming weeks”, after holding crunch meetings with energy firms today. Wholesale gas prices are [...]
Credit Suisse asks fund investors to foot £145m bill to prevent Greensill folding September 20, 2021 Credit Suisse has riled clients who are already dealing with billions of dollars in losses from its failed supply chain finance (SCF) funds with plans to land them with a further $145m bill this year, some of which will be used to preserve Greensill Capital. It comes after Credit Suisse’s asset management division suspended a [...]
Anxious Andrew to challenge US court’s jurisdiction as daughter gives birth September 20, 2021 Prince Andrew is mulling a 500-mile dash to see his daughter Beatrice, who gave birth to her first child on Saturday, as US lawyers circle the disgraced royal. Buckingham palace has today announced the birth of Her Royal Highness Princess Beatrice’s first baby with her husband Mr Edoardo Mapelli Mozzi, confirming that the delivery took [...]
Going nuclear: Bentley Continental GT Speed vs top-secret missile base September 20, 2021 The flagship Bentley Continental GT Speed is an ideal car for exploring a disused nuclear weapons facility, says Tim Pitt.
Dutch PM Mark Rutte tried to mediate Northern Ireland Protocol talks, Johnson says September 20, 2021 Boris Johnson has claimed that Dutch leader Mark Rutte offered to mediate contentious UK-EU talks on the Northern Ireland Protocol. Johnson told journalists today that Rutte made the offer during the pair’s Downing Street meeting on Friday. However, Dutch diplomats have disputed the claim and have told the Financial Times that no such offer was [...]
Labour’s plans to crackdown on private equity are only the beginning of the political dog fight September 20, 2021 Political interest in private equity has ramped up over the last year. After a string of high-profile political interventions on recent PE deals, from defence to retail, the Labour Party has made it their mission to scrap the carried interest tax rules that PE fund managers benefit from. Returns would no longer be booked as [...]
