Fine dining restaurant planned for the top of Lloyd’s of London August 10, 2021 Lloyd’s of London is considering adding a Michelin-starred restaurant to the top of its headquarters as part of a revamp of the insurance marketplace’s iconic building spaces. The creation of a high-end restaurant with enviable views of London is being considered as a way to create ‘destination style’ experiences, and attract more clients and members of [...]
Norse Atlantic pushes first UK-US flights back to 2022 August 10, 2021 Norse Atlantic Airways has pushed back the date of its first flights to the first quarter of 2022, the new carrier said today, due to ongoing travel restrictions covering transatlantic routes. The airline, which launched earlier this year, said that it thought all 15 of its planes would be in service by summer 2022. Although [...]
London bitcoin miner faces attack from short-seller Boatman Capital August 10, 2021 A London-listed bitcoin miner has been accused of purchasing land for 100x its value by the anonymous authors of a report from Boatman Capital. In February 2021, Argo Blockchain told shareholders it had reached an agreement with DPN LLC to buy 320 acres of land in Texas for $5 million in shares initially, rising to [...]
Turkish-German airline SunExpress eyes new underserved routes to the UK August 10, 2021 Turkish-German airline SunExpress is looking to expand its route network into the British Isles, in a bid to reap the rewards of the looming post-pandemic travel boom. The budget carrier has issued a what is called a ‘request for proposals’ via Route Exchange, where it can seek different routes. SunExpress only recently announced an additional [...]
Amazon to pay compensation to shoppers injured by third-party products August 10, 2021 Amazon will start paying customers who are impacted by dangerous goods sold by third-party merchants on its US platform in a move that could reduce litigation. The ecommerce giant today said it will start offering compensation for personal injury or property damage of up to $1,000, effective from 1 September. Amazon added it may step [...]
Long Covid cure? Researchers to trial traditional Indian herb treatment August 10, 2021 The London School of Hygiene & Tropical Medicine will work with the All India Institute of Ayurveda to determine whether a traditional Indian herb can help people recover from long Covid. Ashwagandha, commonly known as Indian winter cherry, is traditionally used in the Indian Ayurvedic system of medicine to boost energy, reduce stress and strengthen [...]
Google employees could face pay cuts under remote working scheme August 10, 2021 Google employees could experience pay cuts if they choose to work remotely on a permanent basis, with those who commute hit hardest. In June, Google gave US employees access to a new Work Location Tool which allows them to see how moving would impact pay as part of plans to pay remote workers based on [...]
Housebuilder Bellway revenue nears pre-pandemic level August 10, 2021 Housebuilder Bellway has reported revenue nearing pre-pandemic level in its latest trading update. Revenue was just 2.5 per cent below the 2019 level thanks to underlying demand, the firm said in an update for the year ended 31 July 2021. Housing revenue rose by 41 per cent to over £3.1bn compared to £2,204.4m in 2020 [...]
UK fintechs shatter records and attract $24.5bn investment in first half of the year August 10, 2021 Investment in UK fintech has reached an all-time high, as firms in the industry attracted a staggering $24.5bn in the first half of the year across the highest volume of deals on record. British fintech investment across private equity (PE), venture capital (VC) and M&A deals has exploded as the country emerges from the pandemic, [...]
Fresh UK SPAC regime comes into force today August 10, 2021 The City watchdog’s new regime overseeing special purpose acquisition companies, or SPACs, in the UK comes into force today. Under the new rules implemented by the Financial Conduct Authority, investors will be able to dispose of holdings in a SPAC before an acquisition is completed. Previously, trading in SPACs was suspended as soon as the [...]
