Festival insurance scheme ‘too little, too late’ for organisers of summer events August 6, 2021 Festival organisers have lamented after the government’s announcement of an insurance scheme comes “too little, too late” against a summer of cancelled events. The Treasury said costs associated with the cancellation of festivals, conferences and other live events due to Covid restrictions will be covered almost entirely by the government under a new £750m scheme. [...]
Tullett says GFI deal due within six weeks August 6, 2021 Tullet Prebon, the interdealer broker, yesterday said that it expects a planned merger with US rival GFI to be completed within six weeks, as it reported a 41 per cent growth in interim net profits, helped by volatile markets. Terry Smith, Tullett’s chief executive, said the company was focusing on the merger – which could [...]
Zola review – Twitter thread movie adaptation is full of suspense August 6, 2021 ‘Based on a true story’ is a common concept for movies, but how about ‘based on a Twitter thread’? In 2015, A’Ziah “Zola” King tweeted “Y’all wanna hear a story about why me & this bitch here fell out???????? It’s kind of long but full of suspense.” The subsequent thread become a viral sensation, described [...]
US jobs market recovery smashes expectations in July August 6, 2021 The US jobs market rebound is defying expectations and surging at a much faster pace than first thought, according to fresh data published today. The US economy added 943,000 jobs in July, helping to push down the unemployment rate 0.5 per cent to 5.4 per cent, the US Bureau of Labour Statistics said on Friday. [...]
BAE Systems wins £135m contract to upgrade Typhoon weapons systems August 6, 2021 BAE Systems has secured a new £135m contract to develop the Typhoon fighter jet weapons systems, it was announced today. The investment will support 100 high-skilled manufacturing jobs in the north-west of the UK. The FTSE 100 defence giant was awarded the contract by Eurofighter, the consortium behind the fighter jet. It is the most [...]
Oil prices on track to register worst week since March August 6, 2021 Oil prices are on track to register their worst week in five months despite clawing back losses on Friday. International benchmarks WTI and Brent Crude rose 1.1 per cent and 1.14 per cent to reach $69.87 and $72.13 respectively. Read more: Oil prices plummet after Opec+ end deadlock Traders have been spooked by the rapid [...]
London Stock Exchange Group sees profits recover from 2020’s wave of pandemic uncertainty August 6, 2021 The London Stock Exchange Group (LSEG) has seen its total profits recover in response to pandemic uncertainty which rocked its financial markets in the first half of 2020. Total profit hit £2.7bn in the six months to 30 June, up from just £914m in the first half of last year when the stock market faced [...]
‘No parade, no protest’: London Pride cancelled due to Covid restrictions August 6, 2021 This year’s Pride celebrations in London have been cancelled due to Covid-19 restrictions, the event’s organisers have confirmed. The flagship LGBTQ+ event, which was first postponed from 11 June to September, had been expected to attract some 35,000 people. Organisers, who performed risk assessments for the event, said the parade could not be held within [...]
CEO Roger Burnley exits Asda early after £6.8bn acquisition August 6, 2021 Asda has today announced that CEO Roger Burnley has left the company in the midst of its transition to new ownership. Burnley is leaving just months after the UK’s third biggest supermarket group was purchased by the billionaire Issa brothers and the private equity group TDR Capital for £6.8bn. In the process the Issa brothers [...]
Vaccine race: Chile leads, Spain overtakes UK and one-third of world gets first dose August 6, 2021 Just under a third of the world’s population has received one dose of a Covid-19 vaccine so far in the global immunisation drive, forming part of some 4.3bn jabs distributed, the latest data reveals. Around 15.2 per cent of the world has been fully vaccinated, according to Our World in Data, but only 1.1 per [...]
