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 [...]
McKinsey wins £3m govt contract: fights off competition from EY, Bain and Boston Consulting – CityAM : CityAM 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, [...]
Tax and accounting bodies call for government to delay reporting reforms August 23, 2021 UK tax and accounting bodies have urged the government to delay reforms to the tax system which would affect how self-employed people and businesses report their profits. In a letter sent to Treasury financial secretary Jesse Norman, representatives from five tax and accounting bodies, including the Institute of Chartered Accountants for England and Wales and [...]
Bitcoin smashes through $50k, but Cardano steals limelight as it looks to break $3 August 23, 2021 The price of Bitcoin has shot above $50,000 for the first time in three months, as the crypto markets continue to recover after their recent malaise.
Gupta’s GFG carving out deal with White Oak to inject cash into European steel mills August 23, 2021 Sanjeev Gupta’s metals giant GFG Alliance is reportedly carving out a deal with White Oak Global Advisors for the refinancing of his European operations. The deal, which would circle GFG’s steel mills in Romania and the Czech Republic, could end months of uncertainty for thousands of steelworkers, the Financial Times first reported, citing people familiar [...]
