Rio Tinto to build $2.4bn lithium mine in green energy metals push July 27, 2021 Rio Tinto Group has announced it will build a $2.4bn lithium mine in Serbia, in a bid to become the largest source of lithium supply in Europe for fifteen years. It represents the first move by one of the world’s mining giants to focus on metals that will help them capitalise on the electric car [...]
Refusing to take Covid vaccine is selfish, says Michael Gove July 27, 2021 People who refuse to take the Covid vaccine are selfish and putting peoples’ lives at risks, according to Michael Gove. The chancellor of the Duchy of Lancaster also said “some form of certification” was “the right way to go” for things like nightclubs and mass events. More than 70 per cent of adults have received both [...]
DaBaby’s Boohoo deal in doubt after rapper’s homophobic rant at concert leads to backlash July 27, 2021 FTSE-listed online fashion giant Boohoo has today swiftly condemned an onstage rant by one of it’s fashion line colab partners, DaBaby, as it mulls ditching the rapper from its stable of stars that hawk its clothing lines. DaBaby, a US rapper who features on the Due Lipa US top 10 hit Levitating, has a fashion [...]
UK Covid cases have now fallen for seven days in a row. Is this the beginning of the end? July 27, 2021 The number of people testing positive for new cases of Covid-19 has now fallen for seven days in a row, prompting thoughts that the UK may be through the worst of the third wave of the pandemic. But are they justified? A seven day stretch of falling case rates last happened in summer last year, [...]
Wizz Air’s controversial £100m bonus plan for CEO voted through by shareholders July 27, 2021 A £100m bonus is one step closer for Wizz Air boss Jozsef Varadi, after more than 60 per cent of shareholders gave the airline’s remuneration strategy the green light at its AGM today. Investors in the budget airline voted 68 per cent to 32 per cent in favour of its “Value Creation Plan”, a strategy [...]
Tory China hawks urge PM to dismiss concerns over cutting out China from nuclear plant July 27, 2021 A trio of Tory MPs have called on Boris Johnson to ban a China-owned company from owning a Suffolk nuclear plant amid concerns the move could jeopardise the status of a future site. Reports circulating yesterday suggested the Prime Minister was preparing to ban China General Nuclear Power Group (CGN) from retaining majority ownership of the [...]
Games Workshop shares slump despite sales surge over lockdown July 27, 2021 Games Workshop shares slipped today despite the gaming and miniature figures retailer recording a spike in sales as Brits got on its ware to relieve lockdown. The Nottingham-based firm’s pre-tax profits surged 69 per cent, hitting nearly £151m in the year to 30 May. Revenue rose 31 per cent to £353m due to a hike [...]
Visa-backed Brazilian payments firm Conductor eyes US IPO July 27, 2021 Brazilian payments firm Conductor has tabled plans for a US initial public offering that could come as soon as this year, according to reports. Conductor, which is backed by Visa, has already hired banks for the IPO, Reuters first reported citing three sources close to the matter. No figure has yet been put on the [...]
Boris Johnson urges caution as falling Covid case numbers raise hopes for UK July 27, 2021 The Prime Minister said that people should not get carried away by six days of lower Covid case numbers in the UK, and warned that the effects of Freedom Day had not yet fed through to the data. Johnson urged people not to get complacent or jump to premature conclusions after the UK recorded six [...]
Reckitt rakes in £6.5bn revenue but underwhelmed investors see shares sink July 27, 2021 Consumer goods company Reckitt raked in just over £6.5bn in revenue in the past six months, though it fell short of analysts’ sky-high sales expectations. The FTSE 100-listed firm was buoyed by its strong second-quarter revenue, which pulled in some £3bn after selling its Chinese infant formula business for around £1.5bn in June. Shares were [...]
