UK to buy 14 Chinook helicopters from Boeing for £1.4bn April 20, 2021 Britain will buy 14 Chinook helicopters from US aerospace giant Boeing in a deal worth $2bn (£1.4bn), it was reported today. However, it has agreed to defer receipt of the aircraft for a number of years due to concerns over budgetary requirements. A letter of acceptance from the UK’s embassy in Washington blamed the need [...]
Johnson & Johnson posts $100m in Covid19 vaccine sales as profit beats expectations April 20, 2021 More than $100m in sales from its Covid vaccine helped pharmaceutical giant Johnson & Johnson (J&J) beat revenues and profit expectations today.
The dinosaur can’t evolve – it’s time for tech and crypto to take over April 20, 2021 Legacy banking has become a joke, a dinosaur that fails to cope with the fast paced, ever-changing technological climate, says Dr Chris Kacher.
Bankers appointed to find buyers for Rugby World Cup commercial rights April 20, 2021 The Rugby World Cup could be set for a commercial shake-up with City bankers now working with rugby’s governing body. Jefferies and Rothschild have been appointed by World Rugby to appraise their fundraising options after a year disrupted by Covid-19, Sky News’ Mark Kleinman has reported. Sources told Kleinman that the body would speak to [...]
Drinking around the world: Romanian wines to die for April 20, 2021 My introduction to Romanian wine was inauspicious. It came in one of Count Dracula’s tourist castle hotels in Transylvania. We sat around a coffin-shaped table as a black-suited waiter approached and smiled, revealing not particularly threatening canines. As he brandished the wine list he said, “May I have the pleasure of providing sir with a [...]
Lloyd’s of London to set up Manchester hub April 20, 2021 Lloyd’s of London plans to set up a Manchester ‘hub’ that will house a number of digital roles, locally sourced from Manchester’s talent pool. The insurer said the new hub should be up and running by January 2022, and those working in Manchester will be offered flexible working. The hub will focus on enhancing Lloyd’s [...]
Issa brothers’ Asda takeover hits roadblock as watchdog probes petrol station competition concerns April 20, 2021 The UK’s competition watchdog has launched an investigation into the acquisition of Asda by the Issa brothers and TDR Capital over concerns that it could drive up petrol prices. The companies have said they will work with the Competition and Markets Authority (CMA) to find a resolution within the first stage of the probe. The [...]
Brexit and European Union Trade Mark registrations April 20, 2021 On 1 January 2021, as part of Brexit, the UK left the EU Trade Mark (EUTM) system administered by the EU Intellectual Property Office (EUIPO). Since it was established in 1996, several thousands of UK and non-UK businesses have taken advantage of the cheap system for registering a brand across the EU. With the UK [...]
CMA teams up with Australian and German authorities to tackle problematic mergers April 20, 2021 The Competition and Markets Authority (CMA) has teamed up with its Australian and German counterparts to better enforce mergers, with healthy competition crucial to post-pandemic economic growth. The CMA, the Australian Competition and Consumer Commission (ACCC) and Germany’s Bundeskartellamt have signed up to a statement which said that “without strong merger control regimes, there is a [...]
Treasury Select Committee chair calls out UK banks for treatment of SMEs during Covid crisis April 20, 2021 Treasury Select Committee chair calls out UK banks for treatment of SME during Covid crisis
