Alexei Navalny calls for UK sanctions against Chelsea owner Roman Abramovich January 19, 2021 Detained Russian opposition leader Alexei Navalny has called for the UK to sanction Chelsea owner Roman Abramovich and former Arsenal shareholder Alisher Usmanov if he is not released from prison. Navalny’s close associate Vladimir Ashurkov said today that Navalny had written up a list of eight Russian oligarchs that “he felt should be sanctioned if [...]
More than 700 high street jobs axed as Arcadia closes 31 stores January 19, 2021 Administrators to Sir Philip Green’s collapsed retail empire Arcadia are planning to close a further 31 stores by the end of this month, resulting in more than 700 job losses. The majority of the branches set to close are Outfit stores, which sold a range of Arcadia brands including Dorothy Perkins and Miss Selfridge. City [...]
Audioboom shares rise as podcast listeners tune in January 19, 2021 Audioboom shares pushed higher this morning after the podcasting platform reported a jump in revenue last year. The London-listed firm posted revenue of roughly $26.8m (£19.7m) in 2020, up by a fifth on the previous year. Audioboom, which hosts and distributes podcasts including No Such Thing As A Fish and Sue Perkins: An Hour Or [...]
London Metal Exchange to shut iconic trading ring January 19, 2021 It survived two world wars, the Spanish flu, and the numerous financial crises, but now the London Metal Exchange’s iconic open-outcry trading ring is set to close for good. Sky News reported that the trading ring, with its distinctive red circular sofa, would be shut as part of a review into modernising the LME. Since [...]
NHS hospitals use blockchain technology to track and monitor vaccines January 19, 2021 Two NHS hospitals are utilising blockchain technology to track Covid-19 vaccines in a ‘world’s first’ initiative revealed this morning. Monitoring the storage and supply of the temperature-sensitive vaccine, Everyware and Hedera Hashgraph are working to strengthen record-keeping and data-sharing across the supply chains. The hospitals, based in Stratford-upon Avon and Warwick, expanded their use of [...]
End of the office is overstated, says Brookfield boss January 19, 2021 The end of the office has been overegged according to a top asset manager, as he claims investors are underestimating the extent to which people will return to work. Speaking to the Financial Times, Bruce Flatt, chief executive of Brookfield Asset Management is hopeful that office workers will return to the office and shopping centres. [...]
‘We want to be the regional magic circle firm,’ says Knights CEO January 19, 2021 Regional law firm Knights saw revenues jumped by some £14m in the second half of 2020, up to £46.2m from £31.9m in H1, and the positive year has only fuelled the firm’s ambitions. The promising results were in part delivered in part by the successful remote acquisitions of Shulmans, ASB and Fraser Brown, and the [...]
Ethereum 2.0 staking, a worthwhile investment? January 19, 2021 Background The Ethereum network today is overrun with traffic, causing transaction fees to spike to levels that are not affordable for many use cases. This is partially due to the success of DeFi projects, where users don’t mind paying the high transaction fees because of the financial value of the transactions being made. (In Ethereum, [...]
City workers urged to complain if they are being forced to go to work January 19, 2021 The City of London Corporation is urging workers in the Square Mile to speak out if they are being forced or pressured to come into work during the national lockdown. Government restrictions, set out in law, state that we all must stay at home to protect the NHS and save lives. You can only leave [...]
Tonnes of meat from UK thrown out at EU borders due to post-Brexit changes January 19, 2021 UK meat exporters have warned the government that post-Brexit changes at the border have caused disruption to meat shipments crossing the channel. Tonnes of produce worth hundreds of thousands of pounds coming from the UK has been confiscated at EU ports over the past two weeks due to companies not filling out the right paperwork. [...]
