Labour’s top priority is ‘financial responsibility’, says Starmer February 17, 2021 Sir Keir Starmer will tomorrow say Labour’s priority will “always be financial responsibility” in a speech expected to reveal the party’s future economic direction under his leadership. Starmer will also say there can be “no return to business as usual” post-Covid, while outlining policies that he says will provide “long-term security to the economy, support for [...]
JP Morgan makes Linklaters partner its co-head of UK investment banking February 17, 2021 Charlie Jacobs, senior partner at magic circle law firm Linklaters, will join JP Morgan as co-head of UK investment banking. Jacobs, who is one of the city’s major players in the M&A space, will replace Ed Byers who has been promoted to Vice Chair of UK Investment Banking. Jacobs will co-lead the investment banking operations [...]
Right-wing US radio host Rush Limbaugh dies aged 70 February 17, 2021 Controversial right-wing US radio personality Rush Limbaugh has died aged 70. Limbaugh’s wife Kathryn Adams announced his death this afternoon, after being diagnosed with lung cancer last year. The shock jock became one of the most prominent voices of America’s conservative movement in the 1990s, with many pundits crediting him with paving the way for [...]
Jersey regulator hasn’t received application from Woodford’s new firm February 17, 2021 The Jersey regulator has said it has not received any authorisation application from Neil Woodford’s new investment vehicle, WCM Partners. The veteran investor recently apologised for the collapse of his investment company, announcing comeback plans to launch his new biotech focused outfit in Jersey and Buckinghamshire. The Jersey Financial Services Commission released a statement today [...]
Sterling climbs to 10-month high against the euro February 17, 2021 Sterling reached a 10-month high against the euro following encouraging data fromthe UK vaccination program. The UK has jabbed nearly 16m people in the Covid-19 vaccination rollout. The pound rose to €1.150, surpassing yesterday’s record valuation and making it the highest since April 2020. However it did lose ground to the US dollar today, down [...]
Ice cold in Alice, Texas: What’s going on in the Lone Star state? February 17, 2021 A devastating winter storm has been raging over the southern United States for the last five days, with much of the damage concentrated in Texas. So far, 21 people have been killed by the deep freeze, with 2.7m people still without power after the state’s energy grid failed repeatedly. The cold snap has sent the [...]
Natural wine is all the rage – but what exactly is it? February 17, 2021 Natural wine has become achingly trendy in recent years, with specialist wine lists, wine bars and wine festivals cropping up across the world – but what is it? The First thing to clarify is that natural wine isn’t a particular style of wine – that is, it doesn’t describe the way a wine tastes. Natural [...]
Pub and restaurant giants circle struggling firms and property in post-pandemic expansion push February 17, 2021 Pub and restaurant giants and private equity firms are circling smaller chains and vacant properties, looking to snap up expansion opportunities at a discounted price during the Covid pandemic and reap the rewards when the industry bounces back. Merger and acquisition activity in the hospitality industry has already begun. Figures from restructuring firm Resolve showed [...]
Supreme Court set for long-awaited Uber employment rights judgement February 17, 2021 On Friday the Supreme Court will hand down its judgement as to whether Uber has been successful in its appeal against a ruling recognising its drivers as workers, not independent contractors. The long-running dispute, which has been bouncing through the courts since back in 2016, could have sizeable implications for the future of the gig [...]
Rupert Murdoch’s News Corp strikes news partnership deal with Google February 17, 2021 Rupert Murdoch’s News Corp has inked a three-year deal with Google that will see the US tech giant pay to use the publisher’s news content. New Corp, which owns titles such as the Times, the Sun and the Wall Street Journal, said it will provide “trusted journalism from its news sites around the world in [...]
