London shares left buzzing after PensionBee hits £2bn in managed assets July 22, 2021 Online pensions provider PensionBee has racked up £2bn worth of pensions under management, which has sent shares flying over six per cent. The app said its assets under management had surged 117 per cent to over £1.9bn in the six months to 30 June. The pensions surge, up from £915m worth of assets in the [...]
London’s younger workers lead charge back to the office July 22, 2021 Younger workers in London are more eager to get back to the office compared to their older counterparts, according to new figures published today. Research from Workspace shows 77 per cent of workers aged between 18-34 in the capital are looking forward to coming back to the office, compared to half of staff aged 35 [...]
Supermarket boss says there is no need to start panic buying July 22, 2021 The boss of Iceland has said that there is no need to begin panic buying, but that the “pingdemic” risks shutting stores up and down the country. Richard Walker, managing director of Iceland, told 5Live’s Breakfast show that photographs of empty shelves were “isolated incidents”. Over 500,000 people were alerted by the app in the [...]
Morrisons shareholders to vote on Fortress-led takeover bid on 16 August July 22, 2021 Shareholders in Morrisons will vote on a £6.3bn takeover bid from a trio of private investment groups led by SoftBank-owned Fortress on 16 August. In a document outlining Fortress Investment’s offer, Morrisons today said a court meeting and a general meeting of shareholders would be held on the August date. Fortress’ offer for the British [...]
Online harms laws pose threat to free speech, Lords committee warns July 22, 2021 The government’s plans to crack down on harmful online content pose a threat to freedom of speech and would be ineffective, peers have warned. In a report published today, the House of Lords communications and digital committee slammed plans to address “legal but harmful” material, saying the issue should instead be addressed through tougher law [...]
EY Parthenon brings on former government advisor Mats Persson as partner July 22, 2021 EY has announced the appointment of Mats Persson, a former chief of staff to Sajid Javid, as a partner in its strategy and transactions business. Persson had already been acting as an independent advisor over the last year, designing strategies for transport and energy companies, the auditing giant said in a statement published last week. [...]
China rejects WHO plan to further investigate Covid-19 origin July 22, 2021 A senior Chinese health official rejected the next stage of a World Health Organisation investigation into the origin of Covid-19, which plans to audit labs and markets in the city of Wuhan. Zeng Yixin, vice-minister of the National Health Commission, said in a press conference in Beijing that he was taken aback by a hypothesis [...]
Daily Mail owner posts revenue rise amid Rothermere takeover bid July 22, 2021 The owner of the Daily Mail has reported a sharp rise in revenue in its latest quarter as it gears up for a potential take-private bid by Lord Rothermere. Daily Mail and General Trust (DMGT) said its group revenue grew by a quarter in the three months to the end of June. This was driven [...]
Study says two shots of either AstraZeneca or Pfizer effective against Delta variant July 22, 2021 Two does of the Pfizer or AstraZeneca Covid-19 vaccine provide nearly as much protection against the Delta variant as they do against the previously dominant variants, a new study shows. The positive news comes as cases of the Delta variant are rising exponentially around the world. Over 44,000 people tested positive for the virus in [...]
UK government to sell-off more of NatWest stake July 22, 2021 The UK government is set to sell more of its stake in NatWest over the next year. Over the next 12 months, the government plans to sell 15 per cent of its stake in the bank formerly known as Royal Bank of Scotland through a share sale. Read more: NatWest chairman warns City will never [...]
