WeWork announces partnership with Manchester City September 14, 2021 Workspace provider WeWork has announced a partnership with Manchester City and its sister club New York City FC, including workspace for London-based employees. Manchester City employees based in London and Singapore will be able to access the firm’s workspace whenever desired and be able to access additional flexible space at global locations. New York City [...]
Government puts £72m into new laser weapons programme September 14, 2021 The government has today unveiled its first ever investment into laser weapons as it seeks to give the armed forces the equipment they need to handle the next generation of battlefield combat. The Ministry of Defence (MOD) will put £72.5m into three “Directed Energy Weapons”, as the technologies are known. Consortia headed by Thales and [...]
Over half of UK tech investors ready to pull capital over proposed clampdown on startup M&A September 14, 2021 Investors in UK startups are ready to pull capital over the threat that a proposed competition clamp down on startup M&A by the CMA’s new Digital Markets Unit (DMU) poses to the country’s startup innovation and growth. Half (50 per cent) of the UK’s investors in startups will significantly reduce the amount they invest in [...]
Michael Gove’s racist and sexist comments exposed by leaked recordings September 14, 2021 Senior conservative politician, Michael Gove, made racist, sexist and classist comments during university debates, leaked recordings have revealed. In shocking audio clips, Gove can be heard using a racist slur and praising the effect of the British empire on its subjects, saying it “took fettered foreigners and turned them into gentlemen.” In the leaked clips, [...]
Nike shares fall as footwear giant could lose production of 160m pairs of shoes September 14, 2021 Nike is at risk of losing the production of 160m pairs of shoes after the shutdown of factory operations in Vietnam due to Covid. Nike shares were down 2.5 per cent on Tuesday morning after the sportswear giant was downgraded from neutral to buy at BTIG. Manufacturing in the country was paused in July after [...]
Easyjet sent into freefall: Shares continue to tumble September 14, 2021 Shares in budget flier Easyjet continued to tumble today after UBS said on Friday that the carrier would likely lag behind rivals in its recovery from the pandemic. Having tumbled 13.4 per cent yesterday, shares were down another 0.7 per cent this morning. Since Wednesday, when the carrier announced a £1.2bn rights issue, shares are [...]
Bitcoin and co calm the markets after yesterday’s news storm September 14, 2021 The crypto markets are looking a little more buoyant today, echoing a general uplift across the traditional markets after the S&P closed higher yesterday for the first time in six days.
60 Seconds With… Fashion guru and placemaker Yasmin Jones-Henry September 14, 2021 Yasmin Jones-Henry works in the space where fashion meets finance, and where culture meets commerce. She has made her name describing the crucial role culture can play for the new generation of investors, and putting forward the business case for diversity in the fashion and culture sectors. Through her work with Futurecity, a ‘placemaking agency’, [...]
Global economic activity is pulling away from Europe and the UK must follow, says Truss September 14, 2021 The UK will need to shift its trade focus to Asia, as the centre of global economic activity gravitates away from Europe and towards the east. By the end of this decade, three of the world’s largest four economies will be in the Indo-Pacific region, according to the Department for International Trade (DIT). In a [...]
BP names former RWE Renewables boss new low-carbon chief September 14, 2021 BP has today named former RWE Renewables boss Anja-Isabel Dotzenrath as its new head of renewable energy as it accelerates its push into low-carbon power alternatives. Her appointment comes after current head of low carbon and natural gas Dev Sanyal announced he was standing down after 32 years at the firm. An electrical engineer by [...]
