UK to force tech firms to disclose device security plans amid cyber fears April 21, 2021 Tech firms could be forced to tell customers how long their products will be guaranteed to receive security updates under draft new laws outlined today. Manufacturers including Apple, Samsung and Google would have to make upfront disclosures for smart devices such as phones, speakers, fridges and doorbells. The plans form part of efforts to beef [...]
Supreme Court decision in the FCA Test Case on BI insurance – what does this mean for SMEs? April 21, 2021 The Supreme Court decision in the FCA Test Case on BI insurance has been widely publicised as a resounding success for businesses. Recently published data collated by the FCA, however, shows that as of 13 April 2021 only 39% of the 35,438 policyholders whose Covid-19 Business Interruption (BI) insurance claims have now been accepted by [...]
Perfect Porsche? This British-built 911 restomod comes close April 21, 2021 The Porsche 911 by Theon Design is a homegrown take on the restomod recipe, with a tuned flat-six, lightweight components and modern manners.
Pure Gym suffers £200m loss due to Covid closures April 21, 2021 Pure Gym suffered losses of almost £200m last year after the budget fitness chain was forced to close all of its sites for several months during coronavirus lockdowns. The gym company reported a loss of £198.4m in 2020, compared to a loss of £39.6m in the previous year. Revenue dropped 39 per cent from £447m [...]
Hand it over: David Cameron ordered to show lobbying text messages April 21, 2021 Former prime minister David Cameron has been given two weeks to pass on the details of his text messages in which he attempted to lobby the chancellor on behalf of failed finance firm Greensill. In a letter to Cameron, the chairman of the Treasury select committee urged the former prime minister to release details of [...]
Kier Group plans to raise up to £240m to ease debt pile April 21, 2021 Kier Group has said it plans to raise up to £240m by offering new shares as it looks to ease its debt burden. The construction firm said the proposed raise, which it plans to launch in the coming weeks, will help to bolster the group’s balance sheet by reducing net debt. The construction firm has [...]
Pensionbee valued at £365m ahead of London IPO April 21, 2021 Pensionbee has priced its IPO at 165 pence per share valuing the company at £365m ahead of its listing this month. The pension consolidation business is set to join the high growth segment of the London Stock Exchange. Last week it announced an offer price range of between 155p and 175p per share. The offer [...]
Heineken sales flat following increases in Africa and Asia April 21, 2021 The world’s second largest brewer Heineken reported stable beer sales in the first three months of the year after a strong performance in Africa and Asia. Net profit for the first three months of the year was €168m, up from €94m a year earlier. Beer volume in the first quarter was in line with last [...]
Antofagasta production on track but miner warns on Chile lockdown April 21, 2021 Mining giant Antofagasta today said its production and costs were in line with expectations in the first quarter but warned of the impact of a fresh lockdown in its home country. The Chile-based company said copper production was on track at 183,000 tonnes, 5.7 per cent lower than last year and five per cent lower [...]
Plus500 moves into US with $30m acquisition of futures platform April 21, 2021 After a strong year Plus500 is dipping its toe in the US market with a $30m deal to buy a futures trading platform. The online trading platform this morning announced it has bought the membership interests of Cunningham Commodities, a regulated Futures Commission Merchant, and trading platform Cunningham Trading. The deal represents a growth opportunity [...]
