Rolls Royce puts Norwegian unit back up for sale after Oslo blocked deal with Russians May 10, 2021 FTSE blue-chip Rolls Royce’s Norwegian maritime engine unit Bergen is back up for sale, less than two months after Oslo blocked a previous deal for it to be sold off to a Russian company. “The sale process has restarted,” a source told Reuters today. Norway in March stopped Rolls Royce from selling Bergen for €150m [...]
UK downgrades Covid-19 threat level May 10, 2021 Chief medical officers have lowered the UK’s Covid threat level from four to three, meaning the virus is in general circulation but not rising exponentially. In a joint statement, the chief medical officers said it was thanks to the efforts of the general public with social distancing, and the impact of the vaccination programme, that [...]
Climate change brews trouble for Brits beloved tea May 10, 2021 The British cup of tea is at risk, a new report has warned, as climate change prompts extreme weather and rising temperatures in tea-growing regions. The UK and Ireland drink more tea per person than any other country in the world. Meanwhile, the world’s biggest tea exporter, Kenya, which produces half of the black tea [...]
Ethereum drives through $4,000 – but can it hold ground? May 10, 2021 The world’s second-largest cryptocurrency moved into fresh territory with some conviction as it barely hesitated to cross the $4k line and claim a new all-time high at $4,176.
Town & Country UK magazine to close as publisher Hearst slashes jobs May 10, 2021 Town & Country UK magazine is set to fold as part of cost-cutting operation at publisher Hearst that will see up to a fifth of UK staff made redundant. The luxury title, the British version of which was first published in 2014, is set to be scrapped as the company adapts to a decline in [...]
Boris Johnson to outline ‘levelling up’ plans in Queen’s Speech tomorrow May 10, 2021 Boris Johnson is expected to outline more of his plans to “level up” the North and the Midlands in tomorrow’s Queen’s Speech fresh off the back of winning a crucial by-election in Hartlepool. The Tories also made ground in traditional Labour heartlands of Sunderland, Durham and Newcastle in local elections as it won hundreds of [...]
New Look landlords lose legal battle against retailer’s restructuring plan May 10, 2021 New Look landlords have today lost their legal battle against the high street retailer’s restructuring plan. The High Court ruled against the group of landlords that had challenged New Look’s company voluntary arrangement. The retailer launched its second CVA within two years last September after its sales suffered during the coronavirus pandemic. New Look’s proposal [...]
Boris Johnson under investigation for £15,000 Caribbean holiday by MP standards watchdog May 10, 2021 Boris Johnson is under investigation by Westminster’s parliamentary watchdog for his £15,000 Caribbean holiday to Mustique with his fiancee Carrie Symonds. The Parliamentary Commissioner for Standards Kathryn Stone announced today that it was looking at Johnson’s holiday over the 2019/20 New Year period, after an initial saga over who paid for the holiday. The probe [...]
BNP Paribas urges investors to pressure politicians on climate rules May 10, 2021 Bank BNP Paribas has begun urging investors to press politicians to commit to the Paris Agreement with policy and make rules for net-zero targets. Investors are failing to chase strong climate policies, global head of sustainability at BNP Paribas Asset Management, Jane Ambachtsheer, told Bloomberg. Instead of chasing policies, however, investors should start chasing politicians [...]
Junior bankers at UBS in line for $40,000 bonus May 10, 2021 UBS will pay young bankers a $40,000 bonus when they are promoted as it looks to reward its junior employees after a gruelling year of dealmaking. The Swiss bank is set to pay the one-time bonus to global banking analysts promoted to associates on top of any regular salary increases, Bloomberg reported. It is reportedly [...]
