Sleep-tech firm Simba hails new dawn amid pandemic sales boom January 10, 2021 Rising online sales during the pandemic propelled “sleep-tech” firm Simba back into the black last year, the company announced today. Chief executive Steve Reid hailed today hailed the firm’s “remarkable turnaround” as it booked £100m in sales in 2020. The rapid growth, which will pocket Simba £3m in profit, came on the back of three [...]
The week ahead, 11-15 January: FTSE housebuilders, Asos, Tesco and UK GDP January 10, 2021 London’s markets started the new year in a frenzy last week, picking up over five per cent and closing the gap on their counterparts around the world. This week is set to be a busy one for the FTSE, with a raft of companies due to provide updates, as well as key economic data in [...]
UK to roll out rapid Covid-19 tests for asymptomatic people January 10, 2021 The UK will next week roll out regular rapid testing for people with no Covid-19 symptoms, according to health secretary Matt Hancock. Hancock announced today that the lateral flow tests, which give a result in 30 minutes, will be used to target asymptomatic Covid cases in care homes, across the NHS, in critical infrastructure workplaces [...]
Apple and Amazon suspend Parler from web stores January 10, 2021 Apple and Amazon have followed Google’s lead and suspended Parler from their respective app stores over concerns that the social media platform has not done enough to regulate content inciting violence. The app, which styles itself as an “unbiased” platform, has proved popular with users who have been kicked off other platforms. The suspensions come [...]
Sir Keir Starmer: Don’t hit UK families with tax hikes January 10, 2021 Sir Keir Starmer has called for the government to reverse its decision last year to effectively raise council taxes, while casting Labour under his leadership as the “party of the family”. Starmer said the “importance of family hasn’t been talked about enough during this crisis” and that the country’s households deserve “far more from a [...]
Investors to push HSBC to pull out of fossil fuel investments January 10, 2021 A group of investors is reportedly urging banking giant HSBC to reduce its financing of fossil fuels such as coal. According to the Sunday Times, the coalition, which includes European fund manager Amundi and London-listed hedge fund Man Group, is aiming to table a resolution on the issue at April’s AGM. The campaign is being [...]
Trump tie-making firm enters race for Arcadia assets January 10, 2021 A US clothing firm with links to the Trump family has emerged as a bidder for the pieces of Sir Philip Green’s Arcadia retail empire. The Telegraph reported that G-III Apparel had become the latest company to throw its hat into the ring for brands such as Topshop and Dorothy Perkins. The New York company [...]
City fears over delayed results grow due to new lockdown January 10, 2021 Financial watchdogs are on standby amid fears that a number of listed companies will not be able to report their results on time due to Covid-related disruption. The Sunday Times reported that a group of the regulators will release a statement within days telling firms to communicate quickly if they expect to have difficulty getting [...]
Every UK adult to be offered Covid vaccine by autumn as 2m now immunised January 10, 2021 Health secretary Matt Hancock has said every UK resident over the age of 18 will be offered a Covid vaccine by autumn and that 2m people have now been immunised. Hancock said the government had 350m doses on order across the different vaccines and that he was confident they could be rolled out before next [...]
Boeing 737: Indonesian passenger plane missing after ‘falling 10,000ft’ January 9, 2021 A Boeing 737 passenger plane with an estimated 62 people on board has disappeared after taking off from Jakarta. According to reports, the Sriwijaya Air Boeing 737 lost contact on its route from the Indonesian capital to Pontianak on the island of Borneo. Flight tracking website Flightradar24 said the aircraft, which set off at 2.37pm [...]
