Northern Ireland: UK asks for more time to respond to EU legal action April 14, 2021 The UK has asked for more time to respond to EU legal action over its unilateral decision to postpone checks on goods going to Northern Ireland. The EU launched legal action against Britain last month for unilaterally changing trading arrangements for Northern Ireland. Brussels said the move breached the Brexit divorce deal agreed last year [...]
Facebook splashes out $23m on Mark Zuckerberg’s security April 14, 2021 Facebook forked out more than $23m (£16.6m) on security for its chief executive Mark Zuckerberg last year. In a filing published this week the tech giant said it handed the boss $23.4m in compensation in 2020 to cover personal security at his homes and during personal travel. Of this, $13.4m represented a security allowance while [...]
British Land set to buy retail parks in diversification push April 14, 2021 British Land today said it was exploring further opportunities to buy retails parks and investing more in urban logistics following a surge in online shopping. The London-listed real estate firm cited customer confidence in visiting open-air retails parks where social distancing can easily be managed. A shift in location would see British Land move away [...]
EU property giants make €1.6bn move for London’s Globalworth April 14, 2021 Czech CPI Property Group and German real estate company Aroundtown SA have confirmed a €1.57bn cash offer for London-listed Globalworth Real Estate Investments this morning. The offer will go through CPI-owned Zakiono, giving the Cyprus-incorporated company 2.8m shares – which represents around 1.28 per cent of the company. CPI and Aroundtown currently hold 113.8m Globalworth [...]
The pros, cons and incentives behind the SPAC-craze sweeping markets April 14, 2021 There have been 378 initial public offerings (IPOs) in the US in the first three months of 2021. That’s more than in any full calendar year between 2003 and 2019. The $139 billion raised so far this year is more than two and a half times the yearly average over this period. They already have [...]
Audioboom books first profit as podcast downloads grow April 14, 2021 Podcast platform Audioboom has booked its first ever profit for the first quarter after cashing in on continued growth in on-demand audio. The Aim-listed firm posted adjusted earnings before interest, tax, depreciation and amortisation of $30,000 (£22,000) in the first three months of the year, up from a $500,000 loss the previous year. The maiden [...]
Robert Walters forecasts annual profit to beat expectations after strong first quarter April 14, 2021 Robert Walters has forecast annual profit to be ahead of expectations following a strong performance in its key regions in the first quarter. The recruitment firm, which operates in 30 countries, reported a 11 per cent fall in its group net fee income in the first quarter to £77.3m. It reported a drop in fees [...]
We’ve quickly jumped from a literary age to a time of video games April 14, 2021 Dr Chris Kacher plots the pathway from a time of books and reading to a $200bn global gaming age.
Norwegian Air to raise more money than planned to service debt April 14, 2021 Norwegian Air aims to raise between 4.5 and six billion kroner in an upcoming capital raise in order to service its debts. The company previously set out to raise between 4.5 and five billion kroner as part of the restructuring process, but has since increased the upper limit. The money will be used to reduce [...]
Easyjet eyes late May travel rebound after hefty first half loss April 14, 2021 Easyjet today said it expects passenger numbers to pick up from late May after continued lockdown measures sparked a hefty loss for the first half of the year. The budget airline forecast capacity to hit 20 per cent of 2019 levels in the third quarter, with an increase from late May onwards. It said it [...]
